Confidence in the Economy Moderate to Relatively High with the Peak Anticipated in 2019; Trade Wars Largest Risk to Growth Momentum How Much Confidence Do You Have in the Economy Following the 4Q Earnings Cycle?
Where Are We in the Economic Cycle? 55% 48% 42%
Tax Reform Jobs Growth 41%
2%
5%
No Confidence
Relatively Low
31%
41%
11% Moderate
Relatively High
High
17% 13% 0% 1% 0% Early
6% 5% 5% Early-toMid Sep '17
How Much Concern Do You Have About The Following in Terms of Their Impact on the Generally Positive Growth Momentum Companies Are Experiencing? 37%
34%
22%
40%
36%
26%
23%
30%
Trade Wars
Rising Input Costs
Rising Interest Rates
No Concern
74%
Moderate
36%
Mid Dec '17
Late
Mar '18
42% 19%
17%
49% Volatile FX
Mid-toLate
When Do You Think We Will Peak?
15%
52%
30% 26% 21%
2018
2019
2020
10%
12%
2021
2022
High
Expect YE 2018 Fed Funds Rate to be 2.0% or 2.25% CORBINADVISORS.COM CORBINADVISORS.COM
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