GDP Pickup Expected In Fourth Quarter; Fritz Meyer Economic Update, October 2021

A4A Resources For Investment Professionals

Free To A4A Members: 12 CE Credit Financial Counseling Course



 

Fritz Meyer
10/12/21 4 PM EST
CFP® Live CPA IWI
Program Id: 969228875
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GDP Pickup Expected In The Fourth Quarter

Economists expect a pickup in fourth quarter GDP growth following the Delta variant’s drag on third quarter growth. Economic fundamentals have remained very positive, with strong personal income, consumer spending, housing starts, the LEI, and ISM purchasing managers indexes. Meanwhile, cash in consumers’ accounts available for spending (M2) remains astounding.

Inflation is surging but will be transitory, according to the Fed. Only time will tell how transitory it will prove to be. Investors mostly agree with the Fed, as reflected in the 10-year Treasury breakeven rate.

Despite high P/E ratios, the Fed’s valuation model shows stocks are reasonably valued compared to bond yields. With the lowest yields in history and negative inflation-adjusted returns on bonds, the stock market’s earnings yield looks attractive.

In this month’s webinar we’ll update key economic statistics and rising earnings forecasts, and compare the top market strategist beginning-of-year forecasts with how 2021 is actually turning out.


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.

 

Free To A4A Members: 12 CE Credit Financial Counseling Course

If you missed the first eight classes of the financial counseling course, it's not too late to catch up.

The 12 credit CE course is free with A4A membership and the first eight classes are available on-demand. The next four classes will become conducted live every Wednesday through October 6. 

Successfully completing the full 12-credit course earns the Certified Financial Counselor designation and digital badge.

To maintain the designation and badge, CFC practitioners will need to take two classes every year about applying financial counseling conditions in the current conditions. 

The first eight classes received an average rating of  9.7 from attendees and Frank Murtha, Ph.D., fits right in with A4A's lineup of gifted instructors. Learn more and start the financial counseling course right now.    


 


More than 50 hours of CFP® CE credit and more than 100 hours of Investments & Wealth Institute® credit on replays available 24/7 to paying members ($120 annually) of
Advisors4Advisors.com. CPAs are eligible to receive CPE for attending live webinars only. To learn how to receive continuing professional education credit viewing webinar replays, please see our detailed instructions.

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great economic overview

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awesome as usual!

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Thanks for the slides/handout

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