Will the Buck Stop Here?
Earlier this week, we ended our 2016 monthly series of “Portfolios at Panera” talks with a market recap event at The Joseph Group’s offices. We reviewed each major asset category and talked about “What did we do (in portfolios in 2016)?” and “What is our view (outlook for each asset class in 2017)?” One of the items we discussed was the underperformance of foreign stocks relative to U.S. stocks since the election and the answer was surprising.