MINNEAPOLIS (November 20, 2017) – Following eight straight years of economic expansion, the third-longest stretch since World War II, it should be no surprise some are starting to question how much longer it can last. The growth trend is expected to continue and investors still have opportunities for worthwhile portfolio gains next year, according to RBC Wealth Management’s Global Insight 2018 Outlook.
“The U.S. has experienced steady growth over the past several years, and now with other major regions in better shape, the global economy has a firmer foundation today than it has in quite a long time,” said Kelly Bogdanov, vice president and portfolio analyst at RBC Wealth Management.
RBC Wealth Management’s Global Insight 2018 Outlook, compiled by RBC’s Global Portfolio Advisory Committee (GPAC) showcases analysts’ unique perspectives and highlights compelling opportunities for investors in the year ahead. Most of the opportunities are in equities, but select areas of fixed income are also attractive.
“While the pace of the U.S. expansion has been slow overall, its duration has been impressive,” said Bogdanov. “We believe the U.S. and global economies are signaling there are additional equity market gains to come in 2018 and perhaps beyond.”
“We expect the U.S. economy to maintain its steady-growth path as key indicators show few recession risks on the horizon,” said Craig Bishop, vice president and lead strategist, U.S. Fixed Income Strategies at RBC Wealth Management. “The wild card to stronger growth could be if the current administration can deliver on its fiscal stimulus plans.”
In the United States, RBC Wealth Management operates as a division of RBC Capital Markets, LLC. Founded in 1909, RBC Capital Markets, LLC is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation, and other major securities exchanges. RBC Wealth Management has $310 billion in total client assets with approximately 1,800 financial advisors operating in 200 locations in 40 states.
This material is for informational purposes only and does not constitute investment or tax advice. Past performance is not indicative of future results.
Jonell Lundquist, RBC Wealth Management, 612-371-2239 or Jonell.firstname.lastname@example.org
Investment and insurance products offered through RBC Wealth Management are not insured by
the FDIC or any other federal government agency, are not deposits or other obligations of, or
guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible
loss of the principal amount invested.