2016 was a year we hoped that we would finally see the economy normalize. But with the early pullback of the stock market, political turmoil, and a surge in the dollar, we never seemed to get there. Now, as we look ahead to the New Year under a newly elected president, what can we expect?
Brad McMillan, Commonwealth’s chief investment officer, believes we’re closer to normal than we thought and expects the economy to continue moving in the right direction, fueled by:
- A favorable business environment
- Continued job growth
- Housing appreciation
- Additional government spending
While there are some risks—for both the economy and the markets—all indications point toward accelerated recovery and continued sustainable growth in 2017.