Analysts and participants may have gotten ahead of themselves as the market rocketed forward in the last quarter of 2017 and the early weeks of 2018. In hindsight, their optimism is understandable. This is especially true given the increasingly synchronized growth in economies around the world last year, the passage of the Tax Cuts and Jobs Act of 2017, and the promise of a more expansive federal budget in 2018. But, of course, there is a bit more to the story.
April 2018
