A December Overview
The markets have been nothing short of a roller coaster ride this year. But, post-election, we have seen a strong run to new highs backed by very strong market internals. Barring anything unforeseen, we should end the year on positive footing. Moving into 2017, there are two main themes we are focused on:
- The economy (GDP growth) – This one seems pretty simplistic. But, what we are really looking for is consistency. The economy grew at 3% in the 3rd quarter, which is the first time we have experienced that in the last two years. We would like to see the economy show more consistent growth.
- Interest rates – the FED raised rates this month and most people expect them to continue to raise rates in 2017. Our internal forecast is for three hikes next year.
As we reflect on this holiday season, we wish you and yours a very Merry Christmas and the very best of good health and prosperity in the New Year.