Earnings-Driven Stock Records Amid Frightening Inflation: Fritz Meyer, November 2021

A4A Resources For Investment Professionals

Free To A4A Members: 12 CE Credit Financial Counseling Course



 

Fritz Meyer
11/09/21 4 PM EST
CFP® Live CPA IWI
Program Id: 968327843
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Despite supply chain problems and higher costs, positive earnings surprises and forward guidance have led analysts to raise their estimates for the fourth quarter of 2021 and the four quarters of 2022. Earnings are driving the stock market to record levels. Some strategists are calling it a market melt-up.

Meanwhile, hearkening back to the double-digit inflation of the early 1980s, the terms “stagflation” and “hyperinflation” are being invoked. Drawing on history, at this class we analyze the unique drivers of The Great Inflation of 1965-82, which are not present today. As reflected in the 10-year Treasury breakeven rate, investors mostly agree with the Fed that higher inflation will prove temporary.

Charts and graphs designed by Fritz Meyer illustrate key fundamentals, including:

  • The consensus economic forecast is for a sharp pickup in fourth quarter GDP growth, following the Delta Variant’s drag on third quarter growth.
  • Strength in a wide range of fundamentals, including:
  • October Consumer Income and Spending
  • Manufacturing and Service Sector
  • Home Construction
  • Forward-looking U.S. LEI
  • Consumer Cash Accounts (M2) astounding still 

Financial markets also are analyzed in a series of illustrations of valuation charts eloquently explained to reinforce, refresh, and refocus professionals on the most important financial economic facts advisors need to know now, including:

  • The Fed’s valuation model indicates stocks are valued reasonably compared to bonds.
  • With the lowest bond yields in history and negative inflation-adjusted bond returns, the stock market’s earnings yield is relatively quite attractive.
  • Forecasts made by top market strategists’ at the beginning-of-year versus how the year 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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Excellent. Great update on the key facts and figures.

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excellent, especially because there have been so many recent changes which had to be addressed.

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Better than ever. Keep it coming!

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I love and rely on these updates from Fritz; however, the CPA polls are so distracting and interrupt the flow of Fritz's presentations. I wish you could find another way to do them. Drives me a little nuts.

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