ETON Advisors Newsletter - Outlook, July 2017

Any forecast or prognostication about future economic or market conditions should start by defining whether it is short-term or long-term in nature. In the current environment, that choice of time horizon makes a rather dramatic difference in how rosy or dreary the picture appears.

The short-term view—defined subjectively as the market's expectations for the next year or so as evidenced by current market prices—suggests moderately attractive U.S. economic growth,...

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ETON Advisors Newsletter - Review, July 2017

Global equity markets continued to deliver positive performance in the Second Quarter of 2017. Large cap U.S. equities returned +3.1% in Q2 and their small cap counterparts posted a return of +2.5%. Outside the U.S., equity returns were even better with the MSCI EAFE index of developed markets equities up +6.1% and the MSCI Emerging Markets index up +6.3% for the quarter.

Looking back over the past 12 months, stocks have had an incredible run during...

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ETON Advisors Newsletter - Outlook, April 2017

In our January presentation, we stated our view here at Eton that "…the election of Donald Trump raises both the likely path of economic growth and the range of possible economic and market outcomes around that path."

We also questioned whether financial markets might be "…overestimating the positive impact of the election while simultaneously underestimating the potential for negative events which could swing markets to the downside."

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