With 2017 nearing an end, it is important to consider just what has happened. Tax reform looks very likely now, and gross domestic product is higher in the United States and abroad. Despite a Federal Reserve that looks poised to raise interest rates, there is an expectation of higher global growth and recovery trends to continue well into 2018.
If you include dividends, the top exchange traded funds tracking the major U.S. indexes have rallied handily in 2017. And that is already with an eight-year bull market. The gains so far in 2017 were last seen at over 24% on the Dow Jones Industrial Average and over 19% on the S&P 500 Index. The Nasdaq-100 Index was last seen up 33%.
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