21 Jun MIDYEAR OUTLOOK 2017

We forecast 6–9% returns for the S&P 500 Index in 2017. As investors

increasingly trust that the economy can stand on its own without the need

of monetary policy support, business fundamentals should take over as the

primary market engine and corporate profits will take on increasing importance.

We have slightly raised our 2017 S&P 500 Index total return forecast to 6–9%,

commensurate with expected earnings gains.

View the full weekly market commentary here.

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