Market Ethos - April 17th, 2017


Let's Make a Deal


After dipping last year, mergers and acquisitions are off to a record pace so far in 2017. A powerful combination of rising CEO confidence, aggregate earnings & sales growth plus friendly costs / terms on financing are driving the pace.  That is good for the markets and some industries that cater to this business.  But not to rain on the parade, M&A activity often peaks near the end of a bull market.