James Hendries

MARCH 13, 2023

Recent economic data has pointed to continued growth—giving rise to the “no landing” narrative. Not Enough Evidence to Switch Back to Growth Growth stocks have come storming back in 2023 after significantly underperforming their value counterparts in 2022. decline in earnings in 2023. year to date, compared to the 2.3%

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James Hendries

JANUARY 26, 2023

Background: The global economy will likely slow from the upper-2% range in 2022 down to slightly above zero in 2023 ( Figure 1 ). falls into recession, the chances are it would occur during the first half of 2023 and will not likely be as deep as the 2008 recession, which was initiated by a fundamentally flawed financial market.

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James Hendries

JANUARY 31, 2023

The script has been flipped in 2023. Of course, the market is also forward-looking, with expectations for falling inflation and a less hawkish Federal Reserve (Fed) as we progress into 2023. For 2023, the S&P 500 was up 0.8% Investing involves risks including possible loss of principal. equity markets by year-end.

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James Hendries

JUNE 26, 2023

We know it’s old news at this point, but on June 8, 2023, the S&P 500 entered a new bull market. Our base case calls for a mild and short-lived recession to begin by year-end, but the latest economic data have slightly raised the odds of a soft landing. Investing involves risks including possible loss of principal.

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Sara Grillo

MARCH 13, 2023

This episode we’re going to be talking about 2023 ETF trends and I thrilled to have some of industry’s most knowledgeable people here to rap about it all: Nate Geraci , host of ETF Prime podcast and President of the ETF Store, and Phil Bak , founder of Armada ETFs. Will 2023 be the year for physical gold ETFs? Was this helpful?

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James Hendries

JANUARY 13, 2023

Lessons learned: Economic forecasts The Fed’s bark was as bad as its bite! These lessons learned from 2022 are particularly important for 2023 since FOMC members expect rates in 12 months to be higher than what investors are currently expecting. Here’s hoping for more hits and fewer misses for all of us in 2023. Caveat emptor.

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James Hendries

NOVEMBER 3, 2022

First, investors may have begun to look beyond current inflation pressures and the Federal Reserve (Fed) monetary policy tightening cycle toward potentially better conditions in 2023. We should also have slowing corporate earnings growth and greater economic uncertainty to contend with, some formidable seas to navigate.

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James Hendries

FEBRUARY 27, 2023

Even if there’s a strong case to be made, we think debt service prioritization would be allowed to continue while the case works its way through the courts, since the potential economic damage would be too great otherwise. Payments that were deferred would be repaid in arrears so the economic impact would likely be minimal.

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James Hendries

OCTOBER 4, 2022

We believe the Fed is doing the right thing for the long-term health of the economy, but it does increase near-term economic risks. Given these risks, we are receiving many questions about stagflation and concerns that we may again be facing the investment environment of the 1970s. But this is not your 1970s- style stagflation.

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Clients Investment Advisor Economy License 52

James Hendries

AUGUST 15, 2022

The rule of thumb is two quarters of negative GDP defines a recession, but the official definition by the National Bureau of Economic Research is broader than that. If a recession comes—probably a 50-50 proposition for the first half of 2023—it will likely be mild. Investing involves risks including possible loss of principal.

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James Hendries

SEPTEMBER 8, 2022

Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change. For a list of descriptions of the indexes and economic terms referenced, please visit our website at lplresearch.com/definitions. 09/2023). Tracking # 1-05323704 (Exp.

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Good Financial Cents

APRIL 19, 2023

Building multiple passive income streams has an additional benefit in the short term: it can make you more resilient and better able to weather economic shocks, such as what was experienced with the past housing crisis and global pandemic. Invest in a Business Generate Passive Income With Time Investment (Effort Level: 3-5) 8.

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Accounting Investing Investments Media 105

Ballast Advisors

JUNE 30, 2023

As the race among tech companies to monetize AI picks up speed, it’s worth considering how widespread adoption of AI-enabled technologies might affect the economic prospects of workers and businesses. Productivity, or output per hour of work, is a good indicator of society’s prosperity and economic well-being.

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Communication Economics Taxes License 40

Sara Grillo

NOVEMBER 14, 2022

He is a flat fee advisor; not a licensed insurance agent. I am a CFA® charterholder and financial advisor marketing consultant. I have a newsletter in which I talk about financial advisor lead generation topics which is best described as “fun and irreverent.” Should advisors go to hell before selling an annuity?

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Insurance Financial Advisor Retirement License 59

James Hendries

AUGUST 30, 2022

Still, corporate America delivered the type of upside investors have grown accustomed to in much easier economic environments. That said, earnings targets will be very tough to reach in 2023 if high inflation lingers. Estimates for this year look reasonable, 2023 have to come down. The numbers.

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James Hendries

AUGUST 15, 2022

due to expectations of slowing economic growth. The LPL Research S&P 500 year-end fair value target range remains 4,300—4,400, based on a price-to-earnings ratio (PE) of 18-19 and an earnings per share (EPS) forecast of $235 for 2023. Any economic forecasts set forth may not develop as predicted and are subject to change.

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James Hendries

JULY 13, 2022

Although energy prices came down some, weakening economic data and the lack of a cease-fire in Ukraine offset the modest gas price relief. To determine which investment(s) may be appropriate for you, please consult your financial professional prior to investing. Stock investing involves risk including loss of principal.

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James Hendries

OCTOBER 18, 2022

The challenges are many, with intense cost pressures and slowing economic growth at the top of the list. These headwinds include slower economic growth, cost pressures amid high inflation, ongoing supply chain issues, geopolitical instability in Europe and Asia, and significant currency drag from a very strong U.S. Numerous Headwinds.

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Marketing Marketing Valuation Economics 52

James Hendries

AUGUST 3, 2022

However, the central bank could begin cutting again in the back half of 2023 if the economy shows significant weakness. The official arbiter of business cycle dating is the National Bureau of Economic Research (NBER). The downside risk comes in 2023 where the consensus estimate has come down about $6 since mid-June to near $245.

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James Hendries

NOVEMBER 15, 2022

times the STAAC’s 2023 S&P 500 earnings per share forecast of $230. There is no assurance that the views or strategies discussed are suitable for all investors and they do not take into account the particular needs, investment objectives, tax and financial condition of any specific person. IMPORTANT DISCLOSURES.

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James Hendries

DECEMBER 4, 2022

Economic and corporate data support the initial strong reads on holiday retail sales despite the macro headwinds, reinforcing the idea that today’s consumer is in a better position than usual at this point in the business cycle. Risks are rising for 2023 as consumers are likely tapping credit and personal savings to keep up spending habits.

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James Hendries

OCTOBER 7, 2022

times the Committee’s 2023 S&P 500 earnings per share forecast of $230. There is no assurance that the views or strategies discussed are suitable for all investors and they do not take into account the particular needs, investment objectives, tax and financial condition of any specific person. IMPORTANT DISCLOSURES.

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Portfolio Taxes Investment Advisor Asset Allocation 52

James Hendries

SEPTEMBER 8, 2022

The LPL Research S&P 500 year-end fair value target range remains 4,300— 4,400, based on a price-to earnings ratio (PE) of 18-19 and an earnings per share (EPS) forecast of $235 for 2023. To determine which investment(s) may be appropriate for you, please consult your financial professional prior to investing.

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Portfolio Taxes Investment Advisor Asset Allocation 52

James Hendries

NOVEMBER 1, 2022

With a series of important economic indicators suggesting the economy is declining and inflation is finally decelerating, albeit very slowly, markets are beginning to factor in that the Fed may soon transition to a less aggressive stance in early 2023. Investing involves risks including possible loss of principal.

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James Hendries

NOVEMBER 22, 2022

in May or June of 2023. In this week’s Weekly Market Commentary, we explore historical equity and fixed income market performance surrounding a Fed pivot, including the prospect for solid stock performance in the back half of 2023. Marc Zabicki , CFA , Chief Investment Officer, LPL Financial . Conclusion.

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Marketing Marketing Valuation Asset Allocation 52

James Hendries

SEPTEMBER 27, 2022

As we know from historical precedents, when the Fed aggressively raises rates, economic growth slows or outright contracts, which is the Fed’s goal. While we still think the consumer is in better shape than during previous Fed rate hiking campaigns, we do think the prospects of a recession have increased for 2023.

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James Hendries

AUGUST 15, 2022

The economy needs a stable and productive workforce to handle tighter financial conditions and growing uncertainty about 2023. Market strategists and pundits make the relationship between recessions and the stock market seem binary, but each economic contraction is different and has different effects on earnings. If the U.S.

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James Hendries

SEPTEMBER 7, 2022

Businesses often begin cutting these jobs during periods of economic uncertainty and an increasingly large number of individuals in these roles is inherently unstable for the labor market. We maintain our year-end fair value S&P 500 target at 4,300-4,400, based on a price-to-earnings ratio of 18-19 times our $235 EPS estimate for 2023.

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Marketing Marketing Valuation Insurance 52

James Hendries

JULY 21, 2022

Understandably, rising prices, slowing economic growth, and a challenging first half for both stocks and bonds have many investors on edge, and fatigue from more than two years of COVID-19 measures doesn’t make it any easier. We are still dealing with COVID-19-related economic disruptions. If the U.S. But will profit margins be a drag?

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James Hendries

SEPTEMBER 20, 2022

economic growth. More specifically, it reflects how the Fed intends to stimulate or slow economic growth by cutting or raising its policy rate. This is referred to as an inverted yield curve, which has been a pretty reliable predictor of economic recessions. Investing involves risks including possible loss of principal.

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James Hendries

JULY 6, 2022

Interest rates have only come down because of recession fears, while inflation will still be elevated—even if somewhat lower—when the calendar turns to 2023 (unfortunately). But our belief is that this economic and profit environment is better than in the early 1990s, early 2000s, or 2008-2009 and therefore supports higher valuations.

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James Hendries

AUGUST 15, 2022

But that doesn’t change our belief that stocks have more room to run through year end and into 2023. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change. Insurance products are offered through LPL or its licensed affiliates.

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Marketing Marketing Economy Valuation 52

James Hendries

NOVEMBER 15, 2022

However, the debate is heating up as investors begin to consider whether the pendulum will swing back to growth if inflation and interest rates decline in 2023. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.

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