Garden City, NY (PRWEB) January 11, 2017
Thomas F. Healy III, Portfolio Manager at United Asset Strategies, Inc. noted that government policy is expected to have more of an impact on the stock market in 2017. “This is likely to include impacts from regulatory, fiscal and monetary policy”, said Healy.
One sector that is likely to benefit from reduced government regulation is energy. Through his recent appointment to head the EPA, President-elect Trump is signaling reduced regulation as part of his energy policy. In addition, the administration is likely to push for a more aggressive energy export policy and expedited pipeline expansion approval. These should all drive investment in the energy sector.
At the same time, both OPEC and non-OPEC producers are working to reign in production, which should support oil prices. The combination of higher prices and increased activity should drive a recovery in the oil service industry.
In conclusion, “The oil service industry should see solid earnings recovery with revenues set to grow and margins set to expand in 2017.” stated Healy.
For the complete article, please click here: http://www.forbes.com/sites/trangho/2017/01/01/how-to-invest-in-2017-the-9-best-etf-picks/#44985d0f7e1e