Happy New Year readers!
Driven by strong economic growth, Trump tax cut euphoria and growing corporate profits 2017 was an exceptional year for U.S. stock market investors.
The FTSE All-World index advanced nearly 22 per cent during 2017, its biggest gain since the post financial crisis year of 2009 and its fourth-best yearly performance since the benchmark started in 1993. It also had 14 straight months of gains — the longest run on record.
For the first time in its history, the S&P 500 produced positive returns every calendar month of 2017 with dividends included.
The UK’s FTSE 100 finished at a record high of 7,688, a rise of 5% in December but a lowly 8% for the year. But in dollar terms, index has gained over 17% in 2017.
2017 U.S. stock market performance
S&P 500 +19.4%
Nasdaq rose +28.2%
Dow Jones Industrial Average +25.1%
2017 U.K. stock market performance
FTSE 100 +8%
FTSE ALL share + 6.6%
2017 Asia stock market performance
Japan Nikkei 225 +19.1%
China Shanghai Composite +6.8%
Hong Kong Hang Seng +36%