Will’s Market Letter
Increased productivity, low unemployment, and disinflation put investment capital to work around the world. The third quarter of 2017 yielded corporate earnings for many sectors expect for retail. Could the retail apocalypse issue lower earnings or completely destroy the sector?
Yes, Brexit and Trump and the long bond finally moving all happened, confounding pundits, traditionalists, and folks in the investment management world worldwide. The market has moved towards our positions on multiple fronts, and our positioning has held us in good stead. Let’s see what happens with earnings season and the Inauguration on the horizon.