Happy holidays, everyone! We hope you had a wonderful Christmas with family and friends, and send our best wishes for a joyful and prosperous 2018.
As we begin a new year, let’s take a look back at what made headlines in 2017 as well as what we can expect going forward. With a fantastic year just behind us, there is much reason to be optimistic about what lies ahead. Thanks for reading, and please feel free to contact me if you have any questions.
What was the most unexpected market news of 2017?
We definitely need to give more than one answer to this question, as it was such an interesting year for the economy and in wealth management. With the U.S. election at the end of 2016 and Donald Trump being sworn in back in January, there were concerns at several levels. Many of us expected a market correction sometime in 2017 but in the end, all we got were minor ups and downs with the loonie. This made for incredible returns and a very profitable year for clients. There was a full percentage gain in the U.S. markets, which surprised many. Furthermore, relatively new industries and investments such as Bitcoin and marijuana stocks were popular topics of conversation (and debate). Overall, it was a very interesting and newsworthy year in finance – it will be exciting to see what 2018 brings!