Investors have been increasingly anticipating an extension of the bull market and
better nominal economic growth in 2017, with consensus for 2017 now squarely centered on reflationary outcomes.
Not exact matches
Well, we know that earnings, revenues, and
nominal GDP have historically proceeded at a peak - to - peak
growth rate of 6 % annually across
economic cycles.
I believe it's fair to say that as we look at a world where very few asset classes globally have produced positive
nominal returns year - to - date, and a world where US corporate earnings and
economic growth have been tepid at
best, increasingly ascending US equity valuations connote incremental capital concentration.