The U.S. economy is running strong. Purchasing managers in the manufacturing sector submitted a surge of new orders, according to September’s ISM survey. Weekly unemployment claims hit a record low, job openings hit a record high, and employee compensation is growing at a strong pace.
Weakness in corporate capital expenditures is likely to be reversed in the weeks immediately ahead, and the economy is expected to grow about 3% in Q3, a surge from the 1.4% growth rate of Q2. Standard & Poor’s forecasts a sharp earnings recovery.
Stocks are fully-valued but not overvalued. The S&P 500 P/E ratio is supported by good economic news, an expected earnings acceleration, and low inflation and interest rates. At this session, we’ll analyze:
• Jobs data
• Fed policy
• Income distribution
• Federal deficit and debt
• Crude oil update
• Portfolio returns
• Active vs. passive
Purchase slides, videos, e-newsletters, articles, scripts, and social content for marketing to clients based on Fritz’s analysis 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 two IMCA® CE, CFP® CE, PACE credits toward CLU® and ChFC® designations and two live CPA CPE credits.
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