In a year of uncertainty that included a recalcitrant North Korea, Britain’s continued exit from the European Union, multiple terrorist attacks, and global populist uprisings, to say 2017 was a turbulent year is a bit of an understatement—except, that is, in stock markets. World stocks, as measured by the MSCI All-Country World Index have risen every month this year, so far. In fact, they haven’t had a negative return since October of 2016. As shown

MSCI All-Country World Index
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December 26, 2017