In a Nutshell
- In a turbulent year for many asset classes, all managed to post positive gains.
- U.S. Stocks finish the year strongly and in a leadership position. Stock prices surged into the end of the year on the expectation that companies will be more profitable with a Republican controlled government.
- The U.S. dollar strengthened over the course of the quarter as the Federal Reserve decided to raise interest rates and talked of 3 more increases in 2017.
- Assets negatively influenced by rising interest rates, such as Bonds and Real Estate, struggled during the quarter, continuing a trend that began in late summer.