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Advisor TalkingPoints: Prepare for client interactions with this month’s discussion of the corporate tax cut and its impact on profit estimates; one key goal of tax reform; and the outlook for inflation…plus a peek ahead into 2018.
In 2017, the U.S. ISM Manufacturing Index sustained its highest annual average in 13 years, and for the first time since 2014, the U.S. economy enjoys two straight quarters of 3% or more growth.
With bond markets offering no return, investors since 2008 have been driven to stocks. This risk was again rewarded in 2017, which delivered a 22% total market return. Here’s a look at last year, the cumulative history back to 1926, the changing status of the U.S. economy within the world, and a view on where all this may take us for 2018.
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