The key investment themes that defined the last three years are unlikely to define 2017. Until 2016, investors bought equities for yield and bonds for capital gains. We shift away from 'lower-for-longer' trades and enter 2017 with the view that we are entering a new phase in markets, which is less to do with central bank (in)action and more to do with fiscal stimulus and reflating global growth. We see 2017 as a transitional year, the anticipated US policies to reflate the economy will likely flow on to global growth and commodity prices which bodes well for most sectors of the Australian economy. Here are our five ASX100 high conviction stock picks this month: