CFA Society of Jacksonville Presents
February 10th – Market Forecast with Vinny Catalano and panel of distinguished guests
Where: San Jose Country Club, 5:00 - 8:30pm
5pm: Cocktails
6pm: Dinner
7pm: Panel Discussion
RSVP today to reserve a spot for our annual market forecast dinner
Cost: $75 each or $500 for a table of 10.
2011: A Dynamically Complex World
Usually the third year of a US President’s term is a relatively tranquil and certain one. The economy is in expansion mode and financial assets are on the rise. Yet, 2011 promises to be anything but tranquil or certain.
Investors are trying hard to make sense of a complex and dynamic set of circumstances where developed economies (US, Europe, and Japan) are experiencing below potential growth and extremely low inflation at the same time emerging economies are trying to cope with economic and inflationary overheating.
In the US, the Federal Reserve Bank has stepped into the economic breach and is attempting to enable the economy to achieve an escape velocity from governmental support (and thereby avoid a Japan style deflationary trap) by providing more governmental support in the form of quantitative easing. In the process, the US Fed’s monetary actions have raised concerns among virtually all countries, high and low growth, with threats of capital controls and currency wars. At the same time, fiscal policy is in retreat (federal, state, and local) made all the more rigid by the midterm election outcomes.
Despite the complexity, US corporations are back to record earnings levels by taking advantage of global growth opportunities and improved resource management. And so are many of the world’s stock markets.
On February 10, 2011, we will gather a group of experts to help sort out these and other important issues at the 6th Annual CFA Society of Jacksonville Market Forecast dinner.
Panelists(thus far):
Mary Ann Bartels – Chief Market Technician – BofA Merrill Lynch
Don Rissmiller - Chief Economist - Strategas Research Partners
Louise Purtle - Senior Analyst / Macro Strategy - CreditSights