Posted on February 22, 2018
Despite the rough week on Wall Street, advisors are still optimistic 2018 will be a positive for the market, according to Financial Advisor Magazine.
Tammy Surratt, founder and CEO of Legacy Family Office, recently spoke to the publication about what to expect. She noted that the current environment “is a little scary and tumultuous, but we are not surprised. The only surprise is that it did not happen sooner. A correction usually happens every couple of years. We believe this is a garden variety pullback and that there is still a lot of strength in the economy.”
While the economic outlook remains strong, Financial Advisor Magazine warns that volatility isn’t necessarily behind us. “Increases in wages and the recently enacted tax cuts, combined with the just-announced government spending increases and an infrastructure package that is soon to be unveiled, will boost the economy further and may actually cause more bumps in the market.”
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