The fiscal boost from tax reform and spending increases this late in the cycle complicates the Fed's policy approach. However, as long as rate increases are gradual and reflect strong underlying fundamentals, then markets will be able to work through these "growing pains."
The old golf adage goes that you “drive for show, and putt for dough,” suggesting that accuracy is more important than distance in golfing success. Columbia University Professor Mark Broadie had a different take. He crunched the numbers and found that distance in fact explains the majority of success.