Q4 2016 Quarterly Outlook
The Wall Street expression that “markets climb a wall of worry” was certainly true during the third quarter. Despite Brexit, the opening of a contentious U.S. presidential election, a spike in interest rates, scattered police and racial violence, and another quarter of negative earnings growth, broad equity markets turned in one of the stronger third quarter performances in recent years.
Looking ahead to the fourth quarter, the presidential election and the upcoming Fed meeting in December loom large. In regard to the latter, the recent equity and fixed income performance should open the door for what we believe is a “predicted” interest rate lift in December.
Read more of the Q4 2016 Quarterly Outlook
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