Market Commentary January 2018

We wish all our clients a very Happy New Year and all the best for 2018. For stock market investors, 2017 will be remembered as a remarkable year with the all-important US economy posting another year of growth, making this recovery the third-longest in the post-WWII era. Stock markets finished the year at or close to multi-year highs with progress on US tax reforms and Brexit negotiations providing positive catalysts to risk assets. Looking ahead, we see a favourable backdrop of strong economic growth, increasingly supportive fiscal and regulatory policy and tightening but still easy monetary policy.