Opening Statement from the January 2018 Intelligent Investor 

Opening Statement from the January 2018 Intelligent Investor 

Originally published on January 11, 2018 


Global Economic Overview

For the first time in the post-crisis period we are seeing economic growth concurrently in the US, UK, Japan, European Union and emerging markets. Economic momentum is particularly strong in Japan and the emerging markets, while improving in China, Brazil and Russia.

Although current global growth is unimpressive by historical measures, economic and business momentum is trending up. This bodes well for a continuation of double-digit earnings growth for the US stock market.

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