Closed-End Fund Commentaries
Jan 4, 2018
Click here to access 2018 & 2019 Earnings Snapshot
View from the Observation Deck
1. In light of the passage of the Tax Cuts & Jobs Act, we thought it would be a good time to look ahead to the 2018 and 2019 year-over-year earnings growth projections for a number of major stock indices.
2. We often note that we believe that corporate earnings determine the direction of stock prices over time, particularly when the major indices are trading at or near record highs.