Texas Legacy Wealth Management Blog
An historic moment for U.S. stock markets…
The Dow Jones Industrial Average surpassed 20,000 last week. Barron’s cautioned investors not to make too much of the milestone since, “There are only 30 stocks in the index so each one carries a lot of weight.”
As we mentioned in our 2017 Annual Outlook, we see a potentially improving outlook for international stocks and thus continue to maintain exposure to both US and international equities. We believe the following factors warrant that exposure: attractive valuation, improving overseas earnings and fundamental economic data.
…And, they’re off!
Bullish sentiment helped world equity markets get off to a fast start last week. Just name a country or region – developed markets, emerging markets, the United States, Latin America, Asia, Europe, the United Kingdom – and it’s likely the area’s benchmark index may have been up for the week.
This time of year is often spent reflecting on the events that shaped the prior year, and looking forward to the year ahead. Here we’ll take a quick look back at 2016 and outline our thoughts on what we may see in 2017.