Month: January 2018

Markets – January 2018

US tax reform legislation, benign US inflation, overseas economic strength and the resulting dollar weakness contributed to a broad-based rally in risk-assets, with Eurozone equities the only significant outlier. The Federal Reserve Board (Fed) did raise rates in December, as expected, but continued curve flattening more than offset any tightening effect on the global economy or financial markets. Emerging market equities, longer-dated fixed income and commodities and commodity-sensitive markets outperformed.

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POSTED IN: Market Perspectives