ED HYMAN EXPECTS RECORD MONETARY STIMULUS PLUS VACCINES WILL SPEED UP ECONOMIC GROWTH IN 2021

December 11, 2020

It’s an annual tradition on WEALTHTRACK to sit down for a rare in-depth interview with Ed Hyman, Wall Street’s number one-ranked economist for an unrivaled forty years! Hyman is a Wall Street legend. His ability to gather reams of economic data, including proprietary information from many sources including his weekly company surveys of industries ranging from retailers to restaurants, to homebuilders, truckers, and even Christmas tree vendors gives him an ability to take the current pulse of the many players in our huge and diverse economy.

This year we have even more to discuss than usual. We have extended our conversation into an exclusive two-part series. This week Hyman will share his outlook for the economy in 2021. He’ll explain why he expects a “blowout” in the second half but also why there are considerable challenges to get from here to there. Next week we’ll get his perspective on the extraordinary events of 2020 and what he learned from the experience.

This week we start with the present: the state of the economy and the markets now.
I asked him to bring us up to speed on the economy’s rebound from its freefall in the spring. How solid is the recovery?

WEALTHTRACK Episode #1725; Originally Broadcast on December 11, 2020

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ED HYMAN

TAKE A PAGE FROM ED HYMAN’S PLAYBOOK AND LOOK WHERE THE PUCK IS GOING

  • Availability of effective vaccines remove a huge obstacle to growth
  • Impact of record amounts of monetary stimulus from 2020 will be felt in 2021
  • Economy should continue to rebound
  • Corporate profits should improve
  • Stock markets should prosper

No Bookshelf titles this week.

GROWTH/VALUE BARBELL STRATEGY

  • Apple Inc (AAPL): good growth investment
  • Lennar Corporation (LEN): cyclical value investment

AAPL Chart

AAPL data by YCharts

LEN Chart

LEN data by YCharts

Ed Hyman from the WEALTHTRACK Archives:

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No WEB EXTRA this week.


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