Slowing Economy, Growing Productivity, And Rising Stock Prices
Resources For Practitioners
The inflation rate declined last month again and new sales of single-family houses ticked slightly higher, resulting in a less robust economic picture for the first quarter of 2024. The NY Fed nowcast projects the economy in the quarter ending March 31 is growing at a 2.3% annual rate.
The slowing economy is good news. It makes the Federal Reserve more likely to loosen its restrictive policy in the second quarter. The Federal Reserve hiked rates 12 times from March 2022 to July 2023, in the most aggressive monetary policy campaign in U.S. history.
The Standard & Poor’s 500 stock index has been breaking records since early January. Artifical Intelligence could unleash a spike in productivity in the U.S., which helps explain lofty valuations.
At this webinar, you'll learn the answers to questions, including:
- What's driving current valuations?
- What is the Federal Reserve's current monetary policy?
- Should you change client portfolios because of the confluence of geopolitical crises?
- Why is labor productivity important to track closely now?
Additional objectives of Fritz Meyer's classes for investment advisors include:
● contextualizing current financial economic metrics versus the long-term historical record
● providing knowledge to formulate and explain your outlook concisely
● explaining Federal Reserve actions and outlook
● implementing a prudent discipline for fiduciaries managing portfolios ERISA assets
● analyzing the latest financial data, including:
● M2 is down slightly and still high relative to its history
● last week’s Fed meet and policy pronouncements
● new-job formation
● job openings still far exceed job seekers
● savings rate plunge
● strong personal spending
● consumer income and spending
● DPI and savings
● household balance sheets remain strong
● PCED and CPI
● savings rate
● retail sales
● housing starts
● latest consensus WSJ Survey
● latest Atlanta and NY Fed nowcasts
● LEI's long decline and recent rebound
● Fed funds versus 10-year yield curve
● labor participation rate
● labor productivity
● S&P 500 earnings
● manufacturing and services PMI
● auto sales
● S&P 500 expected vs current and historical p/e
● the best approach to investing
Who Should Attend: Financial Advisors, CFPs, EAs, CFAs, CPAs, CPA/PFSs, CIMAs, CLUs and ChFCs.
Cost: There is no fee to attend this course if you are a member of Advisors4Advisors ($60/Qtr).
CPE credit: 1 hour, in the Economics field of study
Prerequisites: None
Advanced Preparation: None
Course Level: Update
Course Delivery Method: Group Internet-Based
Program Policies: For more information regarding administrative policies such as refund, cancellation and complaint, please email This email address is being protected from spambots. You need JavaScript enabled to view it..
Advisors4Advisors is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. Advisors4Advisors is also approved as a continuing education sponsor by IWI, which administers the CIMA® and CPWA® designations, and CFP Board of Standards, which licenses the designation for CFP® professionals.
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good
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I think I could listen to Fritz much longer than the 60 minutes.
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