Sign On

In the second half of 2017, we adopted the phrase “Investing at the End of an Era” to highlight the fact that the extraordinary measures taken by global central banks in the aftermath of the Global Financial Crisis were nearing an end.

In emphasizing this, we felt that risk assets should outperform. We also noted that this was without precedent, meaning that the “Quantitative Easing” experiment had never been done before on such a broad and global scale creating an element of unpredictability.

As the calendars turned to 2018, investors were greeted with a positive boost via tax reform and a large increase in government spending. This extended the business cycle which is now a mere six months away for being the longest US economic expansion ever.

Disclosures

This piece is not intended to provide specific tax or legal advice. You should consult with your own advisors about your particular situation.

Any opinions, projections or recommendations contained herein are subject to change without notice and are not intended as individual investment advice.

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NOT FDIC INSURED NOT BANK GUARANTEED MAY LOSE VALUE NOT A DEPOSIT NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY