How did events from the third quarter of 2017 impact our 2017 outlook? The U.S. and global economies are still experiencing a synchronized global expansion. We believe that the United States can look forward to continued robust growth, along with the Eurozone, China, and Japan. Look for normalizing policy by central banks, with gradual interest rate hikes. We believe that long-term financial returns may be hard to find over the next several years, meaning active portfolio managers may have an easier job outperforming passive indices.
For all of the details, watch our full 2017 economic update for the fourth quarter.