January 2017 Newsletter to Clients
Submitted by Moneywatch Advisors on January 3rd, 2017Enjoy this month’s edition that features an update on the economy, stock market and interest rates.
Economic Outlook: According to the latest Kiplinger insights, the USA will experience faster growth in 2017, 2.1%, versus last year’s 1.6%. It suggests the coming income tax cuts and infrastructure spending will have a delayed effect because consumers will pay down debt and Congress won’t approve extra spending until 2018. We would postulate the stock market bounce, the largest ever in reaction to a presidential election, suggests a stronger economic surge.
