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:
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.
The markets initially knee-jerked lower on the news of a president elect. However, the markets quickly reversed and finished decidedly positive the day after the election. Historically, a president’s policies, regardless of party, will not work into economic reality for some years post implementation. So, currently we are not as concerned with the outcome of the election as we are with the health of the economy and the passage of the actual event of Election Day.
That said, there are a few drivers we see going forward:
We have been nibbling on some of our favorite positions and will continue to invest as we see opportunities. One of the areas that will actually be helped by rising rates is the financials. So, we have that group on a watch list for potential investment.