Trading listlessly at full valuation on low volume all summer long, the S&P 500’s price — not far from a recent all-time high — is supported by the fundamentals.
The 3.3% GDP growth expectation for Q3 2016 in the Atlanta Fed’s September 9 GDPNow forecast is a big jump from 1.1% in Q2. July’s index of leading economic indicators picked up, pointing to continued moderate growth. Standard & Poor’s forecasts sharp earnings recovery. Expect earnings acceleration with low inflation and interest rates. At this session, we’ll analyze:
• S&P 500 earnings
• Current versus historical valuations
• Jobs data
• Income distribution
• Fed policy
• Bond yields
• Crude oil update
• Portfolio Returns
• A Very Bad Year For Stock Pickers
Purchase Fritz Meyer's slides here.
Fritz Meyer is an independent economist. In monthly webinars on A4A since April 2011, Fritz has averaged about a 4.7-star rating from independent investment professionals attending the sessions. Meyer explains economic fundamentals driving investment markets, drawing on three decades of experience as a money manager and investment strategist at one of the world’s largest investment companies.
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This webinar is eligible for IMCA® CE, CFP® CE, PACE credit toward CLU® and ChFC® designations and live CPA CPE credit.
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