Keeping Score: How Were Our 2017 Forecasts?
Segal Marco Advisors reviews how it fared in its outlook for the global capital markets in 2017. Among the key points in our 2017 “scorecard”:
- We were neutral on U.S. equity, but should have had a more favorable position given the stellar performance of the S&P 500®.
- Our view that there was greater potential for strong returns in emerging market equities versus the U.S. was correct.
- Our neutral to negative outlook for U.S. core bonds going into 2017 was accurate, as the U.S. Federal Reserve planned to unwind its stimulus program and continue slowly raising interest rates.