Investment Perspectives First Quarter 2017

GDP continued its modest growth trend with an upwardly revised GDP growth estimate for the fourth quarter of 2016 to a still lackluster 1.9% (vs. 1.6% for the entire calendar year of 2016 – the worst performance since 2011). Growth last quarter was driven by a large increase in consumer spending (which was, in turn, driven by rising consumer sentiment), offset to some degree by reduced business investment. We’re still a few days away from the official release of first quarter 2017 growth numbers, but our expectations are for somewhat muted results. Read More