A Most Wonderful Time of the Year circa 2017

Posted 2017 Dec 20

 

The decorations are up, the lights turned on and the shopping almost complete! We are in full Holiday mode right now celebrating Hanukkah, with Christmas just around the corner.

Santa and MeMuch like this cartoon – the markets, Washington and the Fed are as good as they can be without destroying their/our way of life.

Wall Street and Washington are in the Christmas spirit and sending glad tidings to all.

The markets are looking ahead 12-18 months and they like what they see. So far this year, stocks continue to set new highs with relatively low volatility. We are in fact closing in on a possible record of 12 for 12 months with positive returns for 2017.

Washington is actually helping on two important fronts – interest rates and taxes.

Janet Yellen and the Fed voted mid month to raise short term interest rates by a quarter of a percentage point from 1.25% to 1.5%. As noted in Barron’s, Janet said ‘Stocks are elevated but when we look at other indicators of financial stability…there is nothing flashing red or even orange.”

And just as importantly, as I write this note, Washington is scheduled to vote on its proposed tax plan in the next few days. If passed, look for it to be signed into law by the end of this year. Stay tuned!

As we close out 2017, I hope that you and your families will enjoy this most wonderful time of the year and that you will continue to live your life just exactly the way you’d like.

From my family to yours, our very best wishes for a Happy Hanukkah, a very Merry Christmas, and a Happy & Healthy New Year.