Fritz Meyer Economic Update, March 2020, Replay

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Webinar Description:

     
Economists expect a V-shaped recovery. If they're right, then the bear market could be in recovery by late June.

Amid the coronavirus collapse, the economy is showing momentum:

• February's non-manufacturing survey portends +3% GDP growth.
• Job growth is strong
• NFIB business-owner confidence uninfected
• Atlanta Fed's latest GDPNow model pegs Q1 growth at +3.1% (as of 3/18)

At 14X 2020 earnings estimates, down from 18X last month, the S&P 500, amid negative interest rates abroad and record low bond yields at home, looks attractively valued.

The coronavirus-impacted earnings forecasts, P/E ratios and record low bond yields is a key area of focus of this session.

Fritz's monthly updates averaged a 4.9-star rating for the past year, and past performance is an indicator of future results: data-driven strategic long-term analysis for professional investors.

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Before Fritz began advising advisors on A4A in March 2011, he was a mutual fund portfolio manager for many years at one of the world's largest investment companies and then served as its senior investment strategist, spokesman in crises, and top educator of financial intermediaries.