2017 Economic Outlook (Sightline 12.21.2017)
Read our 2017 Economic Outlook by Tower Square Investment Research.
The common theme underlying the outlook is that it is reasonable to expect improving trends and likely tax policy changes in the U.S. to generate better economic growth in 2017 than during the past twelve months. However, the consensus now largely reflects this view and economic growth failing to meet rising expectations or investor sentiment turning somewhat more cautious could challenge markets.
Overall, our outlook is one of tempered optimism, with the bull market likely to remain intact but facing headwinds from stretched valuations, diminishing central bank support, and frothy investor sentiment.
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