Equity markets did an about-face during the quarter, generating the largest quarterly advance since the third quarter of 2009
Questions about the future health of the economy, the FOMC’s decision to raise short-term interest rates at its September meeting and slowing earnings growth were a few of the drivers impacting markets during the quarter.
The US economy has experienced a late-cycle acceleration, and if growth remains positive through July 2019, it will become the longest expansion in history.
The US economy remains strong, and although the current expansion is now the second longest in history, the consensus among economists is that the prospects for further growth are solid.
The global economic environment continues to benefit from a rebound in demand and generally accommodative monetary policies
The consensus among economists is that the recently passed tax reform package is likely to provide a significant short- to intermediate-term boost to the economy