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Closed-End Fund Commentaries

2018: Dow 28,500, S&P 3100

Dec 18, 2017
Click here to access 2018: Dow 28,500, S&P 3100

Last December we wrote “we finally have more than just
hope to believe that this year, 2017, is the year the Plow Horse Economy finally gets a spring in its step.” We expected real GDP growth to accelerate from 2.0% in 2016 to “about 2.6%” in 2017. Our optimism was, in large part, based on our belief that the incoming Trump Administration would wield a lighter regulatory touch and move toward lower tax rates.

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