With US durable goods orders up 4.8% in October, nearly tripling the expected 1.5% rise, talk of inflation on the horizon begins to become more relevant. Add to this November 23 analysis from Capital Economics that raises US GDP growth, inflation and interest rate targets for 2017 – and says President-elect Donald Trump’s fiscal stimulus won’t matter much to equities – and the bumpy picture for 2017 comes into focus. Capital Economics raises GDP forecast to 2.7%, but is it priced in? Among the nuggets of good news is that Capital Economics is expecting in 2017 is 2.7% GDP growth,…
Capital Economics: US GDP Expected To Rise; But Japan, EU Stocks Are Better Bets
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.