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Market Commentary Q2: Dancing to a Song with a Bad Beat

SEI has issued its Second Quarter Economic Outlook for 2017. The outlook contains information about:
  • In the U.S., stock-market sectors that did well immediately following the election of Donald Trump as President have corrected sharply and are now well below their pre-election levels.
  • We are sticking to our expectation that a major tax bill will be pushed through Congress. This should boost the prospects for economic growth, but could eventually add to inflationary pressures.
  • Improving economic fundamentals provide a good foundation for the rally in European equities. Most countries have experienced improvement in their business-sentiment indicators, even Greece.
  • We still have concerns about the sharp increase in debt across developing economies. Much of that debt increase has been borne by the corporate sector, especially in China.
Read the summary here or the extensive full report here.
 
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