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WALL STREET LEGEND ED HYMAN DESCRIBES THE POWERFUL FORCES DRIVING RECORD ECONOMIC GROWTH INTO 2022

Since WEALTHTRACK’s inception, it’s been an annual tradition to sit down for a rare in-depth interview with Ed Hyman, Wall Street’s number one-ranked economist for an unrivaled forty-one years.  

Hyman is a Wall Street legend known for his comprehensive, yet succinct daily bullet point reports on the economy covering multiple data points including his team’s proprietary company surveys covering a wide range of businesses.  

Last year at this time the U.S. was emerging from lockdowns, vaccines hadn’t been distributed, Covid was resurfacing, fatalities were up but the economy and markets were rebounding sharply.

That was not a surprise to Hyman because of the massive amount of monetary and fiscal stimulus pouring into the economy.  As a matter of fact, it was the major reason   Hyman predicted on WEALTHTRACK a year ago that 2021 would be a “blowout” year in terms of both economic and corporate earnings growth.  

How would he describe it in retrospect and what are his economic and market expectations for 2022? Hyman answers those questions and more.

WEALTHTRACK Episode #1824 broadcast on December 10, 2021

Listen to the audio-only version here:

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ED HYMAN

ACTION POINT

RECOGNIZE THE POWER OF THE STIMULUS THAT IS ALREADY IN THE SYSTEM

  • Federal Reserve’s balance sheet increased by $4 trillion to almost $9 trillion in 2021
  • Federal government outlays increased $3 trillion to $7 trillion in 2021
  • More stimulus to come
  • Record stimulus from 2020 and 2021 will continue to be felt in 2022
  • Barring some black swan event: 
    • economy should continue to expand
    • corporate profits should be strong 
    • strong corporate profits support stock prices

ONE INVESTMENT

ONE INVESTMENT PORTFOLIO

  • Apple Inc.  (AAPL)
  • Amazon.com, Inc. (AMZN)
  • Lennar Corporation (LEN)
  • Pfizer Inc. (PFE)

Ed Hyman from the WEALTHTRACK Archives:

WEB EXTRA

STAYING #1

Ed Hyman has been voted #1 Wall Street economist for an unrivaled 41 years by institutional investors. How does he explain his unrivaled record of success?