While there are plenty of potential economic headwinds, my belief is that the Australian stock market is well positioned for financial year 2017. There are numerous economic transitions happening around the world that add to heightened risk concerns. China is transitioning from an infrastructure-led economy towards domestic consumption. In the US, the Federal Reserve is trying to transition in higher interest rates. In Europe, Britain has just voted to leave the EU. Even in Australia, we are transitioning from an economy focused on investing in resources toward domestic consumption and services. While the world may be low growth for a prolonged period, it is also important to note that there will be significant winners and losers underneath this low-growth facade. Companies and sectors could see significant growth or decline. Growth and sustainable yield will be sought-after attributes and will be bid up by the market. Paul Taylor & Amit Lodha's full outlooks are below, plus a video outlook featuring Paul Taylor.