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 [...]

Joe Anderson, CFP®, President of Pure Financial Advisors, and Pure’s Executive Vice President and Director of Research, Brian Perry, CFP®, CFA, discuss where the financial markets are now and the challenges ahead of us. Following the presentation Joe and Brian answer attendee questions.

Click to download Brian Perry’s full slide presentation.

00:00 – Intro

02:47 – Economies Starting to Reopen

04:00 – Initial Jobless Claims Improve Slightly

05:06 – Stocks Have Recovered Somewhat

06:15 – Oil Prices Off Their Lows

07:06 – Challenges Ahead: Shorter Term Impacts

08:05 – The Economy: The Good, The Bad & The Ugly

10:24 – Revising the April 2020 Conference Board Economic Forecast

11:58 – Types of Bear Markets: Structural, Cyclical and Event-Driven

14:17 – Challenges Ahead: Longer-Term Impacts

16:47 – US National Debt

19:51 – US Inflation Rate

20:46 – US Tax Rates

Attendee Questions

22:05 – Coronavirus Related Distributions and Roth Conversions: quick overview of new rules associated with rolling an IRA to a Roth IRA.  Is there a case to make this move?

26:01 – Is this a good time to invest in a primary residence or should I remain in my rental?

27:45 – How will COVID-19 impact the November election? If Joe Biden wins, what financial and economic changes can we expect? (Craig)

29:24 – How will the impending insolvency issues with Social Security be impacted by the high national debt?

31:17 – If the Coronavirus surges again in the fall, and if it is worse than this spring, what will be the effect on the market?

34:49 – Has there been much discussion about a value-added tax (VAT) to repay the national debt?

35:37- What does and doesn’t keep you awake at night?

Watch the previous market update webinar (April 21, 2020): Most Commonly Asked Market Volatility Questions

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