Why 2017 Could Be A Loser Year For Stocks

January 3, 2017

North American equity markets have a case of “overcrowded optimism” according to Andrew Pyle, senior wealth advisor and portfolio manager at The Pyle Group, Scotia Wealth Management. Pyle believes investors are too optimistic about the state of the Chinese economy. Toss in policy risks relating to a new U.S. President, higher energy costs and interest rates and Pyle predicts the Canadian and U.S. stock markets could drop 5 per cent to 10 per cent this year.

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