RECENT PROGRAMS
2021’S FINANCIAL TO-DO LIST WITH MORNINGSTAR’S PERSONAL FINANCE GURU, CHRISTINE BENZ
Blast off! Stock markets are setting records, with tech stocks leading the charge once again. “Don’t fight the Fed” should now encompass “don’t fight the Treasury, fiscal stimulus, vaccinations and investor demand for ‘real’ (after inflation) returns.” The Wall Street Journal reports that the “S&P 500 rose 14.3% from Election Day through Inauguration Day, its best performance on record for that period.” (The Wall Street Journal “Stocks Climb To Records, Led By Tech Sector” 1/21/21)
In retrospect, 2020 was an entire year for the record books:
- A once in a century global pandemic;
- Unprecedented, massive monetary and fiscal stimulus;
- A brief deep recession and the shortest bear market in U.S. history;
- A record breaking stock market rally;
- The continuation of near record low interest rates
- And the election of a new president with a very different policy agenda.
If there was ever a time to rebalance your portfolio this is it. After a nearly uninterrupted, decade-long bull market in large-cap U.S. stocks they dominate many portfolios. Using Vanguard’s index ETFs as proxies, Christine Benz shows how much portfolios have changed.
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THE PANDEMIC ERA REQUIRES RETHINKING FINANCIAL PLANS SAYS PERSONAL FINANCE GURU CHRISTINE BENZ
COVID-19 has affected just about every aspect of our professional and personal lives, including the state of our finances. Continue Reading »
NOBEL LAUREATE ECONOMIST ROBERT SHILLER EXPLAINS THE NARRATIVES DRIVING STOCK AND REAL ESTATE PRICES
We have a special treat for you. Robert Shiller, a Nobel Prize winning economist, a pioneer in the field of behavioral finance, long-time Yale professor, financial innovator and prolific author. Shiller is also the co-creator of the widely cited gauge of U.S. housing prices, the Case-Shiller Home Price Index, and creator of the cyclically adjusted PE ratio known as the Cape Ratio which is a price-earnings ratio for the S&P 500 based on average inflation-adjusted earnings from the previous ten years. Because it includes ten years of earnings many consider it to be a more reliable gauge of market value.
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FINANCIAL THOUGHT LEADER CHARLES ELLIS SHARES HIS GRATITUDE FOR A LIFETIME OF LEARNING & TEACHING
NEW THIS WEEK…
Legendary investment consultant Charles Ellis’ life has been a continuous journey of learning from the smartest investment people in the world. He tells us how sharing the knowledge through teaching and writing gives him such joy.
COVID’S EXTRAORDINARY ECONOMIC IMPACT FROM WALL STREET’S #1 ECONOMIST ED HYMAN
This week, in part 2 Ed Hyman will share his fifty years of economic perspective on the extraordinary events of 2020 and how the pandemic has changed the economy and markets. It will be a fascinating conversation with one of the best business cycle analysts of our era.
In part 1 he shared his outlook for the economy in 2021, which he expects to be a blowout in the second half due to the combination of a vaccine, massive monetary and fiscal stimulus and rising home and stock prices.
Every year at around this time we sit down for an in-depth interview with legendary economist Ed Hyman.
Hyman has been voted Wall Street’s number one economist in Institutional Investor magazine’s prestigious annual survey of institutional investors for an unprecedented forty years.
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