MR_OAK_17Q1_IND_175x227A Strong and Optimistic Industrial Sector

It would be unfair delving into an overview of the first quarter without mentioning the elephant in the room – the transition from then-President Obama to President Trump – and the economy’s reaction to what could best be described as a shaky passing of the presidential baton. A record US stock market run, 4.5 percent unemployment, and a Fed rate increase since then might give the impression of momentum heading into the first quarter, but it may be early to suggest the future is as rosy as headline fundamentals suggest, given the uncertain international political and economic climate. At the 2017 SIOR Northern California Chapter industry kickoff in February, panel members predicted some form of correction in the economy in the not too distant future.