February 6, 2018 — The recent gyrations in equity markets are generating lots of headlines and questions, and for good reason. Sharp market movements are always noteworthy, and when they are to the downside they can be scary. The 1,175 point decline in the Dow Jones Industrial Average (Dow) on Monday, February 5, was reported
In the February issue of our monthly flagship publication, we feature: On the Record by Chief Investment Officer Tony Roth, All aboard the global economic growth train. In Focus uses a quiz format for readers to see how much they know about the top 10 tax reform takeaways. Investment positioning, major themes, and asset class positioning updates.
Our 2018 forecast for markets, economies, and portfolios. The U.S. economy — late-cycle emergence Inflation and growth — global-U.S. divergence Valuations, yields, and volatility — alternative resurgence Signs points to the U.S. economy being near or in a late (or pre-recession) stage, yet stock market valuations are elevated and inflation is inexplicably soft. Our investment