FYI: While it didn’t always feel so smooth given the often overwrought headlines, 2017
was one of the least volatile on record. Combined with the historic
absolute returns, this year was about as good as it gets from an investment standpoint.
No doubt, the fundamentals supported the results, and we remain convinced that global equities are
not in a bubble, as many commentators were suggesting earlier this year and as recently
as a few months ago.
Regards,
Ted
https://www.morganstanleyfa.com/public/projectfiles/onthemarkets.pdf
