When we as investors began 2018, we were tuned in to the recent fiscal policy changes that were expected to propel economic activity and the financial markets higher in the coming year. The handoff in leadership from monetary policy to fiscal policy was well underway as a driver of consumer spending, business investment, and corporate profits.
Midyear Outlook 2017: A Shift in Market Control
The LPL Research Midyear Outlook: A Shift In Market Control states the following four themes may be key to the markets over the balance of 2017:
Monetary policy: Slow path to normalization. Maintaining economic growth without extraordinary central bank support will be key.
Tax season is upon us, which is often associated with pain and distress. The truth is, I don’t think anyone really enjoys paying taxes. It is probably right up there on the list with root canals and Brussel sprouts (although my wife has a really good recipe for roasted Brussel sprouts drizzled with olive oil, so maybe that’s not a good example).
As we watch the leaves change colors to brilliant shades of red, orange, and yellow, it is fun to look back and reflect on an eventful summer at LORAN GRAHAM Co. After settling into our new office location in the heart of downtown Spokane, Washington, one of this summer's highlights included attending LPL's national conference in beautiful San Diego, CA.