Bracing For A Recession, Fritz Meyer Economic Update, October 2022

A4A Resources For Investment Professionals

Fritz Meyer

Tuesday, October 18, 2022 4PM EST

CFP^® Live CPA IWI

Program Id: 507567547

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Since last month's class, strong monthly data on job growth, unemployment, housing starts, and retail sales flattened or sank sharply, and the LEI declined for a sixth month in a row, signaling a recession might be only weeks away from beginning.

Objectives of Fritz Meyer's monthly classes for investment advisors include:

● contextualizing current financial economic metrics versus a long-term historical record

● providing knowledge needed to formulate and explain the outlook concisely

● explaining Federal Reserve actions and outlook

● implementing a prudent discipline for fiduciaries managing portfolios ERISA assets

● analyzing the latest financial data, including:

● retail sales
● housing starts nosedive
● latest consensus WSJ Survey
● latest GDPNow forecast for Q3 2022 GDP
● LEI declined six straight months through Sept.
● Fed funds/10-year yield curve
● labor participation rate
● latest Fed actions, pronouncements
● S&P 500 earnings
● new-job formation in Sept declined
● manufacturing and services PMI
● auto sales

● S&P 500 expected vs current and historical p/e
● the Fed’s stock valuation mode
● consumer income and spending
● DPI and savings
● household balance sheets strong
● PCED and CPI
● savings rate
● M2
● savings rate plunged
● strong personal spending fueled by savings
● the best approach to investing

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.

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.