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It's what didn't happen that helped 2017 markets

The year's superlative results were largely due to nine factors that defied expectations.

A statue of George Washington opposite the New York Stock Exchange. Overall, the Dow rose nine months in a row, the longest streak since 1959, while the S&P delivered positive returns every month of the year.

New York

MANY of the assessments of the 2017 financial markets understandably focused on the impressively favorable outcomes delivered by stocks and other risk assets. Yet it is also worth considering what didn't happen - in particular, nine events, which, by not taking place, contributed...

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