Capital Markets: Observations & Insights
Key Observations
• Monetary conditions are tightening but stocks and the economy should be able to absorb moderate increases in interest rates • Business spending has begun to accelerate and outpace the broader economy, driven by strong earnings growth, tax reform, solid business confidence, and accommodative lending conditions • Leading indicators suggest the economy will continue to expand and corporate profits will continue to rise
Table of Contents
Party Without the Punch?
Pages 3-10
Performance
Pages 11-16
Fundamentals
Pages 17-23
Valuation
Pages 24-27
Page 2
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