2017 turned out to be an excellent year for financial assets. The U.S. stock market boomed last year, reflecting the stronger U.S. economy and anticipation of the Republican tax legislation that was passed in December. This significant corporate tax cut will boost earnings going forward and companies will also be able to repatriate capital that was stranded in offshore tax havens, both of which will be a boon to shareholders of U.S. companies.
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Canso January 2018 Market Observer