ABOUT HOSTS

Brian Perry
ABOUT Brian

Brian has been actively involved in the financial markets for more than 20 years, and has worked as a portfolio manager, strategist, and trader. At Pure Financial Advisors, Brian uses his extensive investment background and focus on behavioral finance to help clients navigate turbulent markets and stay on course towards their financial goals. Prior to [...]

Joe Anderson
ABOUT Joseph

As President of Pure Financial Advisors, Joe Anderson has led the company to achieve over $2 billion in assets under management and has grown their client base to over 2,160 in just ten years of the firm opening. When Joe began working with Pure Financial in 2008, they had almost no clients, negative revenue and no [...]

Market update, commentary and client questions from Tuesday, April 14, 2020 with Joe Anderson, CFP®, President of Pure Financial Advisors, and Pure’s Executive Vice President and Director of Research, Brian Perry, CFP®, CFA.

Download Brian Perry’s full slide presentation.

03:00 – Is the CARES Act Helping the Economy Yet?

03:40 – US GDP 2017-2020

04:05 – Record Initial Jobless Claims

05:20 – The Economy: The Good, The Bad & The Ugly

The Good: Lower oil prices, lower interest and mortgage rates, robust government support

The Bad: Millions out of work, small businesses struggle to reopen, how long until “normal”?

The Ugly: What does COVID-19 mean for globalization? How will industries evolve? What about jobs that don’t come back?

09:12 – Conference Board Economic Forecast, April 9, 2020

May Reboot (quick recovery)

Summertime V-Shape (deep contraction, v-shaped recovery)

Fall COVID-19 Resurgence (2nd contraction in Q4, W-shaped recovery)

Fall Recovery (extended contraction, U-shaped recovery)

11:47 -Technical Recessions By Country, 1960 – 2019: recessions are part of the economic cycle

13:25 – The Opportunity for GDP Growth

14:37 – Putting the Recent Market Rally in Perspective

Stocks Have recovered: S&P 500 in the past 10 years and in the past 3 months

16:10 – High-Yield Bond Market Stabilizes

17:29 – Affected Industries Earnings Contribution to 2019 S&P 500 Operating Earnings

Hotels and tourism, airlines and cruises, entertainment, restaurants and bars, retail ex-food and beverage

18:33 – A Look at Types of Bear Markets: Structural, Cyclical, and Event-Driven

Attendee Questions:

21:54 – I just received my CARES Act rebate, what is the impact of the rebate to my 2020 tax return? Is it additional income?

24:20 – Are markets traditionally good in election years? What do you think will happen this year?

25:42 – The national debt is likely to skyrocket with the CARES Act and other legislation to address the economic challenges due to COVID-19. What is long term impact of this on investors and US citizens at large?

28:02 – Do you know the schedule for the issue dates for stimulus checks? And do you know what the max income level is to receive the $1200 per person, versus what are the amounts that are to be paid out for income levels that are higher?

29:50 – It seems as though the recent stock market recovery assumes a V-shaped recovery which is a BIG assumption. Wanted to get your thoughts on this?

31:00 – Outro & thanks

Watch the previous market update webinar with special guest Apollo Lupescu, Vice President, Dimensional Fund Advisors (April 7, 2020).

Subscribe to our YouTube channel.

Read Brian Perry’s new e-book, Retirement Revamp: Financial Planning in Times of Crisis