Chuck Jaffe: You’re not going to like these predictions for mutual funds

Most people making forecasts for 2017 are fessing up to how murky their crystal ball was a year ago, but when I looked back at my calls for 2016, it was the first time in 20-plus years that I pretty much got everything right.

The reason is that I look for the big future headlines in the mutual fund business, not in the broader financial-services industry or the world at large. In that narrow realm, it’s possible to look at trends and available information and make a savvy call. In most years, I get roughly three-quarters of my predictions right, with one forecast being a bit too early and another being the wild turkey of the group.

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