Portfolio Advisors Blog

Our Blog postings occur from time to time when we have an interesting article or opinion to share. We hope that you will find our postings of interest and encourage to forward them on to your family and friends.

2017 Market Review

At the beginning of 2017, a common view among money managers and analysts was that the financial markets would not repeat their strong returns from 2016. Many cited the uncertain global economy, political turmoil in the US, implementation of Brexit, conflicts in the Middle East, North Korea's weapons buildup, and other factors. The global equity markets defied their predictions, with major equity indices in the US, developed ex-US, and emerging markets posting strong returns for the year.

The broad global advance underscores the importance of following an investment approach based on diversification and discipline rather than prediction and timing. Attempting to predict markets requires investors to not only accurately forecast future events, but also predict how markets will react to those events. The 2017 markets were a good reminder that there is little evidence suggesting either of these objectives can be accomplished on a consistent basis.

Instead of attempting to make predictions about future events, investors should appreciate that today's price reflects the expectations of market participants and information about future expected returns. The following quote by the late Merton Miller, Nobel Laureate, describes this view:

"Everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices."  - Merton Miller

Please click the link below to read the rest of the story and view additional data and graphs from 2017.

2017-Market-Review.pdf

 

A New Service from Portfolio Advisors - Social Sec...
To Bit or Not to Bit: What Should Investors Make o...

Latest Blogs

portadvadmin
08 January 2018
At the beginning of 2017, a common view among mone...
portadvadmin
08 January 2018
Bitcoin and other cryptocurrencies are receiving i...
portadvadmin
21 September 2017
By Ken Hatfield Financial Advisor, Partner Portf...
api-manage
05 September 2017
It will soon be the 10-year anniversary of when,...
portadvadmin
02 March 2017
Weston, many of you may recall, spoke at our Speak...
portadvadmin
02 March 2017
We are often asked by those who may have experienc...
portadvadmin
11 January 2017
You've heard us say it many times. It's near impos...
portadvadmin
28 November 2016
Once again, an important lesson has been reaffirme...
portadvadmin
09 September 2016
Thank you to our clients who completed our Client ...

Latest News

Newsletter Sign Up

Contact Us

7571 N. Remington
Ave.#105
Fresno, CA 93711
559-432-8400