A couple weeks back I posted a topic here which talked about mitigating risk for the upcoming year. I was surprised when an article popped up on CNBC Article Link that talked about how portfolios are too defensive for 2017. This is what they had to say regarding the current investing environment:
"I'm bullish because we're on a new path. I call it the growth and reflation trade," Cote told "Squawk Box.""We're already seeing the acceleration in corporate profits, broadening in manufacturing, the consumer continues to do well, developing economies around the world are doing well. Add to this some pro-growth economic policies and you have the reflation trade," the chief market strategist at Voya Investment Management said.
Appearing in the same interview, Mark Lehmann, president of JMP Securities and a fellow 2017 bull, told CNBC that he thought the postelection rally was just getting started.
"Obviously, we've seen a big ascend since the election, but I think it's in its first innings And it's still going to continue through the inauguration," Lehmann said.
Does everyone else feel as bullish as these two about the upcoming year? Anyone have any good counter opinions to their claims?
