Fritz Meyer Economic Update, November 2019


Fritz Meyer Economic Update, November 2019
Fritz Meyer Economic Update, November 2019
Tue, 12. November 2019, 04:00 PM EST - 05:00 PM EST
Created by:
Ben Resnik


With its third rate cut on October 30th, the Fed uninverted the yield curve. Third quarter GDP showed consumers drove growth despite no contribution from investment and net exports. Meanwhile, disposable personal income showed impressive gains and the personal savings rate is surging even as Americans are spending. As a result of all this good economic news, stocks just hit new record highs.

At 18.8X trailing 12-month earnings, the S&P 500 is fully valued. At 17.1X 2020 earnings estimates, the S&P 500 could reasonably be expected to head higher as 2020 unfolds.

In this class, Fritz drills into the global demographics trend driving low rates in the U.S. and why advisors should consider a shift in traditional MPT models used in software for financial planners and other fiduciaries, moving from investing in EAFE, as well as commodities and toward other risk assets, such as U.S. equities and real estate.

Fritz was a successful mutual fund portfolio manager in the mid-1990s at Invesco, one of the world's largest investment companies, before spending over a decade as Senior Investment Strategist. Fritz has been advising advisors on A4A since March 2011.

An average of 90 professionals monthly over the last year gave Fritz's CE webinars an average rating of 4.9-stars.

To collaborate with Fritz deeply, request a This email address is being protected from spambots. You need JavaScript enabled to view it..

Fritz was the strategist at one of the world's largest investment companies for over a decade, before going independent and becoming a popular monthly presenter on A4A in 2011. He's not affiliated with any products, political party, or school of economic thought. Fritz's pragmatic analysis earns his presentations 4.8-star ratings monthly.

This webinar is eligible for one hour of CE credit towards the CIMA® and CPWA® certifications, CFP® CE, PACE credit toward the CLU® and ChFC® designations and live CPA CPE credit.

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