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The global economy continues to show signs of expansion and the US economy is currently showing little threat of a recession. Because of this, our portfolios remain overweight equities – primarily overweight US large cap equities and diversified international equities. Here are our key takeaways from BWM Financial’s most recent Market Outlook Webinar:
- Pros: With a solid global economic outlook, we believe strong earnings growth supports the bull market. The potential for corporate tax reform also bodes well for equity prices going forward.
- Cons: A higher than average political partisan conflict could weigh on investments and economic growth. The Trump fiscal stimulus, including tax reform and an infrastructure spending plan has been delayed. This may act to drag on economic growth.
Our strategy for the remainder of 2017: Remain flexible. We will continue to closely monitor our indicators to dictate the best course of action based on the weight of the evidence.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.