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2018 Market Outlook

Commerce Brokerage Services Inc

2018 Market Outlook

January 2018

This Market Outlook provides economic and financial market perspectives from Commerce Trust Company. Select the link below to view the full report.

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Disclosures

The Market Outlook is a special report designed to provide investment information on economic markets for Commerce Brokerage clients. It is intended to provide general information only and is reflective of the opinions of Commerce Trust Company's senior investment management committee.

Commerce Trust Company is a division of Commerce Bank. Commerce Brokerage Services, Inc., Member FINRA and SIPC, and an SEC registered investment advisor, is a subsidiary of Commerce Bank.

This material is not a recommendation of any particular security, is not based on any particular financial situation or need, and is not intended to replace the advice of a qualified attorney, tax advisor, or investment professional. Diversification does not guarantee a profit or protect against all risk. Past performance is no guarantee of future results, and the opinions and other information in the Market Outlook are as of December 20, 2017.

Commerce does not provide tax advice or legal advice to customers. Consult a tax specialist regarding tax implications related to any product and specific financial situations.

Mutual funds, annuities, and other investment products:

Not FDIC-insured

May lose value

No bank guarantee

Commerce Brokerage Services, Inc., Member FINRA/SIPC, is a wholly owned subsidiary of Commerce Bank. This site is not intended for use by, or to provide any information to, investors in any state where Commerce Brokerage Services, Inc. is not registered or in any jurisdiction outside the United States of America where such use would be prohibited or otherwise regulated. Nothing on this web site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

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