2017 Outlook:
The Cycle Continues, But the Risks Are Rising
The Trump administration is preparing to deliver fiscal stimulus, tax cuts and the de-regulation of certain sectors and industries. The base case is that fiscal stimulus will provide the missing ingredient for stronger global growth. We believe investors may benefit in this environment from short-term bonds and senior loans. We also think market conditions will favor value stocks. But there are considerable risks.
These days, achieving financial security has become a multifaceted challenge. People are living longer, afraid of outliving their savings, and facing a range of changing requirements and concerns.