Headline Noise To Remain Elevated In The Near-Term; Positive Earnings And Revenue Momentum To Continue Through 2017

Here's What We're Thinking

February 22, 2017

Global markets have continued to notch impressive gains thus far in February with North American equities outperforming (S&P500 +3.6%, TSX: +3.2%, EuroStoxx50 +3.0%, Nikkei: +1.8%) while fixed income held steady following several months of rising yields. In our view, fundamentals remain constructive for risk asset classes to perform well in 2017. These tailwinds include strengthening economic growth momentum, declining volatility, rising inflation and bond yields, low recession probabilities, improving flow of funds into equities, recovery in earnings  growth, etc.

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