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The economic and financial outlook during 2018 and beyond will depend on who will be on the Fed's monetary policy committee. Also important will be whether the Trump administration delivers on promises to reform the tax code and cut taxes for individuals and corporations. For stock investors, the outlook should remain bright as long as the global economy continues to grow. For bond investors, if inflation remains low, then bonds bought over the past several years should continue to deliver small, but positive real returns. So what will it be in 2018: Another year of slow-but-steady growth with low inflation? Or must investors position now for a major sea change?

Duration: 24:02