Psm Private Wealth Management Blog PSM Quarterly Investment Report Quarter 4,2017

A New Year's Message-- As I've listened to several major asset managers since the close of 2017, some common observations come to the surface. They all saw a remarkably quiet and stable 2017 - no mistakes by the Fed, no inflation, no geopolitical shocks and no significant change to global trade. The world's major economies were all on a growth path and central banks around the globe were supportive of their economies. Volatility was uncharacteristically low. This is a rare and, for many, unfamiliar experience. Now what? Consensus of market watchers and managers is that 2018 will bring more of the same, just not as much growth, a little more inflation and more volatility.read more