A Return To Normal In 2018?
In 2018, we will likely see neither the worst nor the best of times. Instead, there may be a reversion to normal: normal responses to political events, normal political gridlock, and, most likely, normal economic and market behaviors. Volatility will probably revert to normal and market gains (if any) to much more normal than this year’s terrific results.
My prediction late last year that 2017 would be a lot like 1999 is looking quite prescient. We will take a more detailed review early next year, when all the data comes in, but I suspect it will show the comparison holds. A return to normal in 2018 would make that year look like 2000. We will see.
Brad McMillan is the chief investment officer at Commonwealth Financial Network, the nation’s largest privately held independent broker/dealer-RIA. He is the primary spokesperson for Commonwealth’s investment divisions.
This post originally appeared on The Independent Market Observer, a daily blog authored by Brad McMillan. Forward-looking statements are based on our reasonable expectations and are not guaranteed. Diversification does not assure a profit or protect against loss in declining markets. There is no guarantee that any objective or goal will be achieved. All indices are unmanaged and investors cannot actually invest directly into an index. Unlike investments, indices do not incur management fees, charges, or expenses. Past performance is not indicative of future results.