Less than a week to go until LPL Research releases its Midyear Outlook 2018, with the latest investment insights and market guidance to take us through the rest of the year.
We kicked off 2018 focused on the new tax law and other fiscal policy changes that were underway. Looking ahead to the rest of this year, we expect to see continued impact from the tax cuts—supporting consumer spending, business investment, and corporate profits—along with the added benefits of the new government spending package and a more business-friendly regulatory environment. These factors combined should help propel the economy and stock markets ahead.
We’ll continue to closely monitor geopolitical developments and the ongoing trade negotiations, as the prospect of higher tariffs is the main threat to investor confidence right now. As we explain in the Midyear Outlook, however, we believe the fiscal benefits will outweigh these potentially higher costs.
Given we are later in the economic cycle, with factors such as midterm election uncertainty and trade risks at play, we do expect that we may see greater volatility ahead. However, we remind everyone that these ups and downs are a normal part of our market environment—and for suitable investors, these periods can present opportunities to reallocate portfolios in line with long-term targets.
Overall, we remain optimistic that we may see positive economic growth and stock market gains ahead. We cover all the details behind our forecasts and investment insights in the full publication. So be on the lookout for this LPL Research Original—coming your way soon!
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The opinions voiced in this material are for general information only and are not intended to provide or be construed as providing specific investment advice or recommendations for any individual security.
The economic forecasts set forth in the presentation may not develop as predicted.
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