Month: December 2017

Markets – November 2017

Global equity markets gained 2% in November and continued to bask in the Goldilocks’ moment (year?) of sustained, broad-based, non-inflationary global growth, offering hope that central bankers will not tighten too aggressively. The sudden reality of the year-end passage of the first major tax reform in over 30 years managed to support U.S. equities, while the weak dollar and flattening yield curve cushioned bond market losses, at least at the headline level. The tax bill’s early Christmas present boosted bullish sentiment among investors to 30-year highs.

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POSTED IN: Market Perspectives