U.S. Equities Reach New All Time Highs and European Economic Growth Expected to Rise in the Weekly Market Update by Valeo Financial Advisors (February 18, 2017)
February 18, 2017    Disclosures    POSTED IN  InvestmentsEconomyMarkets

Prior to the extended holiday weekend for domestic markets, the S&P 500, U.S. large company stock index, advanced in 8 of the past 9 days reaching new all time highs more than once.  The index reached over $20 trillion in aggregate market capitalization for the first time due to these new all time highs.  The European Union raised growth forecasts for 2017; they expect growth in the 19 country Eurozone to be 1.6% up from 1.5% this year while growth in the 28 country bloc was higher than expected at 1.7% during 2016.  The European economic recovery is anticipated to take hold, as the three years 2016-2018 are the first since 2008 where all member countries are forecasting GDP growth.

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