PNC's investment strategy team, led by Chief Investment Strategist Bill Stone, chose "Mo(u)rning in America" as the theme of their 2017 Investment Outlook. The team provides a look back at the end of 2016 and a look ahead to what promises to be an interesting 2017.
For the last quarter of 2016, the U.S. economy continued its expansion, consistent with PNC's outlook. Looking ahead, "We believe stock market volatility will be high in the near term as the market continues to digest economic data, outlooks and unforeseen events," Stone says.
Markets likely will be tuned to developments in politics, post-election, as well as important votes in France, Italy and elsewhere.
Stone and his team focus on these uncertainties that will likely concern investors:
With all this uncertainty, Stone and his team emphasize that the best approach is to create a long-term plan with your financial advisor to ensure a healthy balance of diverse assets in your portfolio.
The bottom line here is not to panic. There always will be periods of uncertainty, market rises and market falls.
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