Ted Bridges Comments to the World Herald on 2018 Market Predictions

By January 10, 2018Uncategorized

“I expected the Trump administration to have a major impact and I have not been disappointed,” said Morgan. “The market is where it is today because of their major shift in attitude to the economy and business. … The tax reforms passed by the Congress should keep the momentum going into 2018.”

Other forecasters agree the effects of maneuvers such as the tax cut will bear again this year. Ted Bridges is CEO at Omaha’s Bridges Investment Management and is one of the bulls expecting an increase of more than 10 percent.

“A key issue for 2018 and into 2019 is how corporate tax savings are ultimately deployed by corporations, with adroit and efficient capital allocation being critical and offering an opportunity for company management to distinguish itself,” Bridges said. “Companies that effectively capitalize on tax reform” might well see an increase in share price.

As always, interest-rate policy figures into the reckonings of professional money managers.  Read more.

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