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Builders hear 2017 outlook

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Ninety-six members of The Building & Realty Institute of Westchester and The Mid-Hudson Region, also known as the Builders Institute, met at the Crowne Plaza in White Plains for


From left: Monica Chandra of 3EDGE Asset Management; Albert Annunziata, executive director of BRI; Steven Cucchiaro; Jerry Houlihan, vice chair, Apartment Owners Advisory Council of the BRI; and Eric Abraham, chairman, BRI.

a general membership meeting and heard from Steven Cucchiaro, president and chief investment officer of 3EDGE Asset Management in Boston. In his address, Cucchiaro said that he views economic prospects for the U.S. under President Trump’s administration with both hope and caution.

Cucchiaro told the BRI members that there has been a fairly sustained rise in business optimism and the stock market after the election, but the question is how long that can be maintained. When asked where he thought there are prospects for growth, he expressed overall optimism about the American economy and added that the Indian sub-continent seemed to be an area offering interesting growth opportunities.

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