Bob Doll’s Ten 2017 Predictions

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I hope you had a wonderful weekend and are finding a way to stay warm!

LRPC’s Monday Morning Minute for this week, “Bob Doll’s Ten 2017 Predictions” (presented below) comes to you courtesy of ThinkAdvisor. As an independent, objective Registered Investment Advisory firm, Lawton Retirement Plan Consultants, LLC has access to research from many sources. Be assured that I will share enlightening, useful information with you each week. If you are short on time, make sure you take a look at each of the ten headings.

Bob Doll, chief equity strategist at Nuveen, is famous for his annual top ten list of predictions. The list has gained notoriety because he has often been right. His top ten list of 2017 predictions may surprise you.

Have a wonderful week!

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Bob Doll’s Ten 2017 Predictions

By Bernice Napach, Senior Writer, ThinkAdvisor

This year will be a year of transition for the global economy and global markets, moving from concerns about “relentless stagnation in economic growth” to rising confidence among consumers and businesses, says Bob Doll, chief equity strategist at Nuveen.

It’s not “necessarily animal spirits,” but “we have turned the corner,” Doll explained at his annual New York City event announcing his top ten 2017 predictions.

Indeed, the S&P 500 index ended 2016 with a 9.5% gain while the Dow Jones industrial average finished the year 13.4% higher.  Doll had predicted a high single-digit gain in the S&P 500 this time last year — one of  8.5 correct predictions he says he made then (he missed when his most favored stock sectors underperformed his least favorite and when non-U.S. stocks did not outperform U.S. stocks).

Unlike most market strategists, however, Doll correctly predicted that Republicans would sweep the White House and Congress during the November election.

In his ten 2017 predictions, Doll says he feels like he’s going further out on a limb than normal because the global economy is shifting toward stronger growth, higher inflation and rising interest rates at a time of increasing uncertainty including possible significant changes in U.S. tax, trade, immigration and regulatory policies under the Donald Trump presidency.

“The 35-year disinflationary, falling interest rate world is ending, and that brings some challenges,” writes Doll. Among them, are a stronger dollar, which, along with rising rates, may offset the positives of an improving economy and tax reform that could help boost corporate earnings. “In their environment, investors may be in for a difficult ride,” writes Doll about one of his 2017 predictions.

Here are his top ten 2017 predictions: [Read more…]

Trump’s 100 Day Plan & The Economy

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MMM Newsletter and Website Header 10.2.15I hope you had a great weekend! Welcome to Thanksgiving week!

LRPC’s Monday Morning Minute for this week, “Trump’s 100 Day Plan & The Economy” (presented below) comes to you courtesy of ThinkAdvisor. As an independent, objective Registered Investment Advisory firm, Lawton Retirement Plan Consultants, LLC has access to research from many sources. Be assured that I will share enlightening, useful information with you each week. If you are short on time, please try and take a look at each heading below.

President-elect Trump has talked a lot about his 100 Day Plan to bring immediate change to America. The piece below explores how his busy first 100 days could impact the U.S. economy.

Have a wonderful week!

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Trump’s 100 Day Plan & The Economy

By Bernice Napach, Senior Writer, ThinkAdvisor

Donald Trump’s unexpected presidential win has rallied stocks and routed bonds, especially Treasuries, but how long those moves and sentiments last will depend on what Trump actually does once he takes office. Already stocks have retreated slightly from recent market highs and bonds have moved off recent lows.

“Markets are going through a big Trump rethink,” said Carl Weinberg, chief economist at High-Frequency Economics and co-host of a webinar on its implications for the U.S. and Global Economy. Markets are hoping Trump will be practical and market-friendly but don’t really know yet if that will be the case, according to Weinberg. “We have a lot of questions, not a lot of answers.”

Trump offered policy pledges during the campaign and recently released a plan for his first 100 days, but Weinberg advised, “Don’t take his campaign rhetoric and specific proposals too literally.”

He and Jim O’Sullivan, HFE’s chief U.S. economist, discussed several key items in Trump’s 100 Day Plan that investors should be watching now because of their potential impact on the U.S. economy and financial markets. [Read more…]

Trump Shocker: Five Likely Changes Coming Soon

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MMM Newsletter and Website Header 10.2.15I hope you had a great weekend! Welcome to the world of President Trump!

LRPC’s Monday Morning Minute for this week, “Trump Shocker: Five Likely Changes Coming Soon” (presented below) comes to you courtesy of American Funds. As an independent, objective Registered Investment Advisory firm, Lawton Retirement Plan Consultants, LLC has access to research from many sources. Be assured that I will share enlightening, useful information with you each week. If you are short on time, try to take a look at each of the five major headings below.

Did you wake up on Wednesday morning and expect to hear “President-Elect Trump?” At least half of the country didn’t! What might be on President Trump’s initial agenda? Read on below to see what the experts from American Funds believe President Trump will tackle first.

Have a wonderful week!

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Trump Shocker: Five Likely Changes Coming Soon

By: Matt Miller, American Funds

In this historic victory that shocked the political establishment and global financial markets alike, Donald J. Trump will become the 45th president of the United States.

In an uncanny echo of the Brexit outcome, millions of Americans frustrated with the country’s direction voted against the perceived status quo in the world’s wealthiest and most powerful democracy. Yet lack of clarity on how the president-elect actually will govern poses both risks and opportunities for investors.

Republican candidate Trump beat his Democratic opponent Hillary Clinton by a notable margin. Global stock markets were volatile, falling in Asia and then rallying in the U.S. on the view that Republican fiscal policies could provide meaningful stimulus to the economy. U.S. Treasuries slipped, the dollar was mixed against major currencies and gold rallied.

Now investors and international leaders must take his measure, and Americans will adjust to the style and tone of a self-proclaimed outsider in the White House. However, the Republican majority in both the House and the Senate means Trump stands a good chance of enacting much of his economic agenda. He could do that via the so-called budget reconciliation process, under which tax and spending changes can pass with a mere majority of the Senate, not 60 votes. Investors now spooked by Trump’s election may find themselves surprised next summer by the economic stimulus Trump’s Washington enacts.

While we expect market volatility to continue as investors adjust to the reality of a new balance of power in Washington, here are five key areas in which policy decisions could have an economic impact. [Read more…]

Harvard Study: Political Dysfunction Threatens U.S. Economy

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MMM Newsletter and Website Header 10.2.15I hope you had a great weekend! This week one of the most divisive and painful presidential campaigns ever finally comes to an end.

LRPC’s Monday Morning Minute for this week, “Harvard Study: Political Dysfunction Threatens U.S. Economy” (presented below) comes to you courtesy of Research Magazine. As an independent, objective Registered Investment Advisory firm, Lawton Retirement Plan Consultants, LLC has access to research from many sources. Be assured that I will share enlightening, useful information with you each week. This is a short piece I believe everyone can read in less than 60 seconds.

This article on political dysfunction and how it appears to damage the U.S. economy is alarming. Maybe tomorrow’s election will bring positive change to Washington. I hope that those of you who are thinking of not voting change your minds and exercise the franchise tomorrow.

Have a wonderful week!

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Harvard Study: Political Dysfunction Threatens U.S. Economy

By Janet Levaux, Editor in Chief, Research Magazine

The long U.S. election cycle and political infighting in Washington aren’t just taking a toll on voters. According to a recent Harvard survey, the divisiveness, gridlock and political dysfunction are hurting U.S. competitiveness.

“Overall, we believe that political dysfunction in America is the single most important challenge to U.S. economic progress,” three business school professors said in a report released recently. [Read more…]

Nine Key Things Next President Should Do To Fix The Economy: Brookings

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MMM Newsletter and Website Header 10.2.15I hope you had a great weekend! This painful presidential campaign is almost over!

LRPC’s Monday Morning Minute for this week, “Nine Key Things Next President Should Do To Fix The Economy: Brookings” (presented below) comes to you courtesy of ThinkAdvisor. As an independent, objective Registered Investment Advisory firm, Lawton Retirement Plan Consultants, LLC has access to research from many sources. Be assured that I will share enlightening, useful information with you each week. If you are short on time, make sure you review each of the nine points to see if any are of interest.

Our next President will face many challenges. This piece focuses on those related to the economy and references an important study from the Brookings Institution.

Have a wonderful week!

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Nine Key Things Next President Should Do To Fix The Economy: Brookings

By Bernice Napach, ThinkAdvisor

Although the economy hasn’t always been the focus of the current vicious and protracted presidential campaign, it will be among the most important challenges facing the next president.

With that in mind, the liberal-leaning Brookings Institution has issued a series of reports on issues related to the economy the next president will face, including recommended solutions. We’ve consolidated them into nine issues, ranging from fixing crumbling infrastructure to creating jobs for the poor and middle class, reforming health care and addressing the swelling levels of college debt. [Read more…]

Where The Presidential Candidates Stand On Key Investor Issues

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MMM Newsletter and Website Header 10.2.15I hope you had a great weekend! We are at just about peak color here in southeast Wisconsin.

LRPC’s Monday Morning Minute for this week, “Where The Presidential Candidates Stand On Key Investor Issues” (presented below) comes to you courtesy of Schwab. As an independent, objective Registered Investment Advisory firm, Lawton Retirement Plan Consultants, LLC has access to research from many sources. Be assured that I will share enlightening, useful information with you each week. This is a short piece I believe everyone can read in less than 60 seconds.

It’s getting to happen soon. The Presidential election will occur in three weeks. Time to start honing in on the issues that are important to you. This piece focuses on the economic and investment policies of the two presidential candidates.

Have a wonderful week!

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Where The Presidential Candidates Stand On Key Investor Issues

By Michael Townsend

As the presidential campaign has descended into an unprecedented exchange of personal attacks and scorched-earth tactics, it has begun to feel like the two presidential candidates rarely say much about what they would actually focus on if they were elected.

But amidst the mud-slinging and name-calling, the second debate between Hillary Clinton and Donald Trump did feature discussions of several issues important to investors, including two issues — health care and energy — that received almost no attention during the first debate.

While commentary on the scandals that have roiled the race is easy to find, at Schwab we are trying to keep our eye on the implications for investors. To that end, here’s a brief summary of where the presidential candidates stand, based on their comments on the campaign trail and in the debates, on several issues of importance to investors: [Read more…]

Three Trends To Watch For The Rest Of 2016

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MMM Newsletter and Website Header 10.2.15I hope you had a great weekend! It is almost time to start thinking about your Halloween costume!

LRPC’s Monday Morning Minute for this week, “Three Trends To Watch For The Rest Of 2016” (presented below) comes to you courtesy of Lord Abbett. As an independent, objective Registered Investment Advisory firm, Lawton Retirement Plan Consultants, LLC has access to research from many sources. Be assured that I will share enlightening, useful information with you each week. If you are short on time, make sure you take a look at each of the headings

What’s going to happen in the markets for the rest of this year? Take a look below at what economic trends the experts from Lord Abbett think we should focus on.

Have a wonderful week!

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Three Trends To Watch For The Rest Of 2016

By Zane E. Brown, Lord Abbett

In Brief

  • Summer 2016 has been anything but quiet for investors, with the “Brexit” vote, troubles in the Italian banking sector, expectations of U.S. economic improvement, and the prospect of a U.S. interest-rate hike dominating the headlines.
  • With investors focused on how the rest of 2016 could play out, we have identified three economic trends to keep an eye on in the coming months: 1. Both the U.S. economy and U.S. Federal Reserve policy seem headed higher, 2. Key economies outside the United States seem at greater risk, 3. Central bank policy responses could perpetuate “lower for longer” rate.
  • The key takeaway — U.S. economic resilience, the likelihood of slower growth elsewhere, and “lower for longer” monetary policy among developed countries could encourage investors to reposition their portfolios during the remainder of 2016.

With the U.S. Labor Day holiday over and the kids back in school, financial markets are taking stock of Summer 2016. If investors were expecting a quiet, uneventful season, they were disappointed. The global investment environment has changed meaningfully since June. The surprising decision by Britain’s voters to opt for “Brexit” in late June, continuing troubles in the Italian banking sector, expectations of better second half growth in the United States, and renewed likelihood of a rate hike by the U.S. Federal Reserve (Fed) suggest investors may want to perform a post-Labor Day check-up on their portfolios.

What are the important economic trends they should be watching as we head into the year’s home stretch? And how might they wish to position their portfolios? Here, we’ll attempt to answer those questions. [Read more…]

We’re In Danger Of Poisoning America’s Economic Secret Sauce

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MMM Newsletter and Website Header 10.2.15

I hope you had a great weekend! The leaves are starting to fall from the trees around my house.

LRPC’s Monday Morning Minute for this week, “We’re In Danger Of Poisoning America’s Economic Secret Sauce” (presented below) comes to you courtesy of John Manzella. As an independent, objective Registered Investment Advisory firm, Lawton Retirement Plan Consultants, LLC has access to research from many sources. Be assured that I will share informative and relevant information with you each week. This is a short piece I believe everyone can read in less than 60 seconds.

A number of economists feel that we may be at an economic inflection point. Are we at risk of destroying the economic goose that lays the golden eggs? The author thinks that we may be.

Have a wonderful week!

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We’re In Danger Of Poisoning America’s Economic Secret Sauce

By John Manzella

After dozens of speaking engagements in Mexico in the early 1990s, I found that many in the audience either had an American passport or badly wanted one.

After I crossed through Check Point Charlie from West Berlin to East Berlin in March 1990, I was told by countless East Germans of their wish to move to the United States to seek a better life.

And when in China, I’m often told by students, workers and business people alike of their desire to permanently move here.

What is it about the United States that draws the world’s brightest and least fortunate? And can it continue?

America’s economic secret sauce

[Read more…]

Four Reasons U.S. Doomsayers Are Wrong

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MMM Newsletter and Website Header 10.2.15I hope you had a great weekend! Are you staying cool?

LRPC’s Monday Morning Minute for this week, “Four Reasons U.S. Doomsayers Are Wrong” (presented below) comes to you courtesy of ThinkAdvisor. As an independent, objective Registered Investment Advisory firm, Lawton Retirement Plan Consultants, LLC has access to research from many sources. Be assured that I will share the most relevant information with you each week. If you are short on time, make sure you take a look at each heading.

Donald Trump talks a lot about making America great again and while our country has considerable room for improvement, we still lead the world in many areas. Those of you who are fortunate enough to be able to travel abroad know how favorably America compares to the rest of the world. The author of this week’s piece reminds us of some of America’s most important attributes.

Have a wonderful week!

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Four Reasons U.S. Doomsayers Are Wrong

By Gil Weinreich, appearing in ThinkAdvisor

Anxiety about U.S. decline is not merely the province of America’s chattering class; surveys of the population reflect a widespread pessimism. A recent Associated Press survey shows that a majority of respondents expect an erosion in the American way of life over the coming decades, while an extensive separate AP survey shows that less than a quarter of Americans expect improving conditions.

Count Joel Kurtzman among that diminutive remnant of optimists. A senior fellow at the Milken Institute, an economic think tank based in Santa Monica, Calif., and a board member of the SEI Center for Advanced Management at the Wharton School, Kurtzman blames today’s “raucous and wrongheaded political debate” for misjudging the enormous vitality America is about to unleash.

His new book entitled Unleashing the Second American Century: Four Forces for Economic Dominance, and its data-filled contents might induce declinists to reconsider their narrative of doom. Following is a look at the four forces. [Read more…]

Brexit: What You Should Know

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MMM Newsletter and Website Header 10.2.15

I hope you had a great weekend! Happy Fourth of July week!

LRPC’s Monday Morning Minute for this week, “Brexit: What You Should Know” (presented below) comes to you courtesy of Schwab. As an independent, objective Registered Investment Advisory (RIA) firm, Lawton Retirement Plan Consultants, LLC has access to research from many sources. Be assured that I will share the most relevant information with you each week. If you are short on time, take a look at each major heading below.

The Brexit frenzy continues! I thought you might find it helpful to receive an article this week that outlines what is important to know about Britain’s historic vote. There is a lot that is being written and talked about regarding Brexit. It certainly is the crisis of the moment. My hope is that this piece allows you to cut through all the chatter and take a look at what has meaning.

Have a wonderful week!

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Brexit: What You Should Know

By Schwab Center for Financial Research

Britain’s surprising vote to leave the European Union — a development commonly known as the “Brexit” — prompted a sharp decline in global financial markets, and the volatility has continued. We believe it will take time for the shock to fully work through the economic, financial and political systems in the United Kingdom and Europe. Here are our answers to commonly asked questions about this historic event: [Read more…]