BOK Financial : The economy has its collective eyes on Trump, says Huntzinger

Jim Huntzinger, chief investment officer at BOK Financial, released his Economic and Market Review for the fourth quarter of 2016 an outlook for 2017.

Key observations by Huntzinger include:

• Look for rates to continue to move higher through 2017, but not at the same pace or magnitude that we saw in 2016.
• Expect the yield curve to steepen, with long-term interest rates up more than short-term interest rates through year-end 2017.
• The economy has been aided by a jump in both business and consumer confidence in the last two months of 2016. The brighter outlook in large part is the expectation that President-elect Trump will deliver on his promise to initiate tax reform, cut regulation, support the fossil fuel industry and focus on the $1-$2 trillion on corporate balance sheets that is located offshore.
• The stock market has jumped on expectation of better economic growth, but equity valuations are still not overly stretched.
• Huntzinger is optimistic about better economic growth in 2017 but more sanguine about the prospects of further significant gains in equities.

Disclosures

The information provided in this report was prepared by Jim Huntzinger, Chief Investment Officer of BOK Financial Corporation. The opinions expressed herein reflect the judgment of the author at this date, are subject to change without notice, and are not a complete analysis of any sector, industry or security. The information provided in this presentation is intended to be informative and are not a solicitation or advice relative to any investment or portfolio offered through BOK Financial Corporation. (NASDAQ:BOKF).

BOK Financial Corporation (BOKF) offers wealth management and trust services through various affiliate companies and non-bank subsidiaries including advisory services offered by BOKF, NA (and its banking divisions Bank of Oklahoma, Bank of Texas, Bank of Albuquerque, Bank of Arkansas, Bank of Arizona, Colorado State Bank and Trust, and Bank of Kansas City) and its subsidiaries BOK Financial Asset Management, Inc., and Cavanal Hill Investment Management, Inc. each an SEC registered investment adviser. BOKF offers additional investment services and products through its subsidiary BOK Financial Securities, Inc., a broker/dealer, member FINRA/SIPC, an SEC registered investment adviser and The Milestone Group, also an SEC registered investment adviser. Investments are not insured by the FDIC and are not guaranteed by a bank or bank affiliate. Investments are subject to risks, including the possible loss of the principal amount invested. This report may not be reproduced, redistributed, retransmitted or disclosed, or referred to in any publication, without express written consent of BOKF.