2017 Midyear Outlook

Thus far in 2017, the consistency of a new fiscal-led dynamic has been uneven, leading to shifting market leadership amidst low volatility and a narrow trading range for major market indexes. To be sure, in the post-election rally, the financial markets began to price in many of the pro-growth policies offered by the Trump administration. Yet, despite an initial flurry of activity, political momentum slowed, and investor sentiment dampened even as consumer and business confidence remained high. Despite these developments, U.S. equity indexes managed to progress through the first half of 2017 either at, or very near, all-time highs.  Click here to read more... LPL Research 2017 Midyear Outlook