Q1 2017 | Market Perspectives

Go beyond the headlines to help investors understand the latest market and economic data with insights from Putnam.

Matthew F. Beaudry Matthew F. Beaudry
Senior Investment Director,
Capital Markets

U.S. is growth leader

Continued resilience of the U.S. economy and a post-election equity rally gave 2016 a strong finish. China is still a wild card, particularly with uncertain trade policy in the mix.

The dollar has room to run; cycles tend to be long-term. Earnings growth is expected to be strong. Post U.S. election, policy unknowns are present, but global economic data have been stable.

Despite potential political headwinds, a U.S. recession remains unlikely based on two of the best predictors of past recessions — the Leading Economic Indicators Index and the yield curve.

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