Behind the scenes...
Politics, economics and markets were all turned on their head in 2016, and investors are looking ahead to 2017 following a turbulent year. Highlights: The Panama Papers, Dieselgate settlement (OTCPK:VLKAY), Greek debt relief, Megabrew (BUD, OTCPK:SBMRY), the EU's tax crackdown, sale of Yahoo (NASDAQ:YHOO), nuclear test and impeachment in Korea, Pokemon Go (OTCPK:NTDOY), Twitter (NYSE:TWTR) takeover rumors, Brexit and sterling's plunge, the Italian referendum, panic at Deutsche Bank (NYSE:DB) and Monte dei Paschi (OTCPK:BMDPY), OPEC's output deal, and following Donald Trump's election - a Fed rate hike, the dollar's surge and soaring treasury yields. The Dow, S&P and Nasdaq also partied like it was 1999 - the three markets all closed at historic highs for the first time in 17 years.
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