Event Recap
Turns in the Road - presented by First Trust Portfolios
At our March 7 Client Seminar, Mac Deegan, of First Trust Portfolios, provided a detailed history of just about every economic indicator, their impacts on S&P 500 returns, and analysts' expectations for the near future.
Included in the overview and history of economic indicators were:
- S&P 500 Index since 1926
- strategists projected the percentage change in the S&P 500 for year-end 2024
- Magnificent Seven* weighting on the market
- returns before and after recessions
- the M2 money supply
- the US fiscal deficit
- cost of servicing the debt as a percent of GDP
- inflation (CPI) versus average hourly earnings
- equity and fixed income returns in years with high inflation
- 10-year treasury returns
- crisis and events since 1970 versus the average annual total return of the S&P 500
- cumulative S&P return versus gold, 10-year treasury, CPI, home prices, cash, and oil
- U.S. stock market returns during major wars
We're available to discuss these indicators and provide our perspectives. Please call if you would like to look at your account in light of this information.
*Apple, Microsoft, Amazon, Nvidia, Google, Tesla, Meta.
