Ukraine Invasion, Inflation, & GDP Growth; Fritz Meyer Economic Update, March 2022

We don’t know how Ukraine will turn out, but we do know that stocks have weathered many, many crises, including WWII, the Cuban missile crisis, the Persian Gulf War and 9/11.

The economic boom continues. We entered March with substantial momentum, with the LEI pointing to strong growth this year, strong ISM PMI reports, strong jobs and income growth, record household net worth, booming home construction, and car manufacturing coming back.

Despite the 7.5% January CPI, investors believe inflation will settle down, as reflected in the 10-year Treasury breakeven rate and the NY Fed’s Survey of Consumer Expectations.

Despite high P/E ratios, the Fed’s valuation model shows stocks are reasonably valued compared to bond yields. Bond yields are key to the stock market’s valuation.  Negative inflation-adjusted returns make the stock market’s earnings yield look reasonable even at these levels.

In this month’s webinar we’ll cover these topics and more.

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

Free Offer Is About To Expire On A4A's 12 Credit Financial Counseling CE Course

If you missed the financial counseling course, it's not too late take it for free. Starting in the next two to four weeks, Frank Murtha's highly-rated 12-class Certified Financial Counselor Course will no longer be free to A4A members. 

A4A had peviously announced it would start charging for the course on October 6, but gave A4A members extra time to complete the highly-praised CE course. 

Successfully completing all 12 classes earns the Certified Financial Counselor^™ designation and digital certificate of completion. 

Frank Murtha, Ph.D., received an average rating of 9.7 from the hundreds of participant ratings. 

You can take the 12 classes on demand, if you are an A4A member. Learn more about the financial counseling course before the new pricing goes into effect.