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SECURITY INDUSTRY FINANCIALS – A CLOSER LOOK

Equities performed exceptionally well in 2017 on the back of strong corporate earnings, lax monetary policy, and the passing of major tax reforms. Notwithstanding the strength seen for a majority of the year, 2018 has been off to a rocky start, with volatility seen in both the debt and equity markets. Mack explained that where we are with tax reform and the strength in the economy that the security industry will continue to see reasonable growth in the equity capital markets over the next several years.