Overstretched valuations in equity markets, particularly in the US, was one of the hottest topics in 2017.

If the current bull market continues to Aug 22, 2018, it will be the longest Bull Run in history.

US Tax Reform impacted greatly

The biggest driver has undoubtedly been President Trump’s tax reforms which came into effect in December 2017.

The bill will lower business and individual tax rates, modernize U.S. tax rules, and provide the most significant overhaul of the tax code in more than three decades.

Whether the tax reforms will pave the way for another stage in the bull market, or reveal that the tax effect has been completely priced in – will remain to be seen.

More importantly, there’s skepticism among market participants about whether companies will decide to invest more or reward shareholders by buying back their stocks and increasing dividend pay outs.

In my opinion, we will see more of the latter which means that, the economic benefits of the tax reforms will be much less significant than what President Trump is aiming for.

The U.S. dollar was the worst major performing currency in 2017.

It declined 14.1% against the Euro, 9.5% against the Pound, and 3.6% against the Yen.

Will 2018 bring the dollar bulls back? Check out FXTM’s forecast for 2018.

FXTM Official Website

2018 Focus on Bitcoin

Bitcoin has been the world’s most crowded trade in 2017.

The Cryptocurrency surged more than nineteen-fold during the year, with its market capitalization exceeding the annual output of economies like Greece, Czech Republic, New Zealand or Portugal.

If you treat the Bitcoin as a stock, the market cap crossed $300 billion, meaning that it has become bigger than JP Morgan Chase.

In 2018, investors should look at multiple factors to anticipate the next move, such as government crackdowns, hedge fund interest, the stability of the network, and broader mainstream adoption.

Want to invest in Bitcoin? Check out the Bitcoin exchanges from below.

List of Bitcoin Exchanges & Brokers