David Jane's 2017 outlook: Equity valuations not especially overstretched

Looking forward beyond what has felt like a tumultuous year for world events, what could next year have in store? With foreknowledge of the events that would unfold over the course of the past year, it would have taken a brave forecaster to have predicted double-digit returns from many major stockmarkets. Sterling investors have done better still from their overseas assets because of the weakness of the currency. Clearly something beyond the geopolitical is driving markets and that has been the strong turnaround in the economies over the course of 2016. Having seen a slowdown on the b...