If 2017 taught us anything it’s that records are meant to be broken. It was a particularly good year for investors in the U.S., as almost all metrics of the economy zoomed past expectations, redefining what’s conceivable and pushing the limit of possibilities.
Heading into 2018, there are some genuine concerns about rising interest rates, energy prices and political upheaval ahead of the midterm elections, but economic fundamentals are indicating the bullish momentum in the economy is likely to prevail against all odds.
A Look Back at 2017
While the overall unemployment rate edged down to 4.1% – the lowest in a generation – consumer confidence reading jumped to a record-high 129.5 – the highest level since 2000 – and we can only expect more promising news in the coming weeks from the year-end holiday sales bonanza.