Measured Optimism Still on the Menu

  • Near-term growth in U.S. GDP expected to increase, but not to 3%
  • Despite economy nearing full employment, labor markets still have juice
  • Fiscal policy clouds the outlook, but odds are still good that some stimulus (e.g., tax cuts) will be enacted
  • Growing supply and slowing demand to cross paths this year for most asset classes
  • Capital markets will shake off weak start to 2017