FYI: Mutual fund company T. Rowe Price has a positive outlook on the economy and stock market, tempered by unknowns about the Trump presidency's impact in these areas.
The risk of recession is low next year, the U.S. economy should continue to grow at a 2% clip and the U.S. stock market seems reasonably valued with a current forward price-to-earnings (P/E) ratio of 16.8, said the experts at T. Rowe Price (TROW). The big fund company, with $812.9 billion in assets under management, gave its views at its 2017 Global Market Outlook in New York Nov. 17.
Regards,
Ted
http://www.investors.com/etfs-and-funds/mutual-funds/t-rowe-experts-see-stock-market-rising-economy-growing-in-2017/
