Today, Alex Cabot and Ed Lambert of Birch Run Financial provide an update on the economy and the markets, through the second quarter of 2021.
Ed explains, how in terms of GDP, we are growing faster than at any point since 1984! We've recovered all pandemic-related losses, and any further economic growth will be new.
The employment rate is improving, and Ed explains why we expect it to get better over the second half of 2021. We also cover the housing and auto markets, as well as the federal reserve and interest rates.
Turning to the markets specifically, Alex talks about their resiliency after the initial shock of COVID in the spring of 2020. We look at growth vs value stocks, and low volatility. Valuations have gone down while stocks have risen.
Alex and Ed's key takeaway: We can't predict the ups and downs of the market (and the world), but diversification and an overall financial plan can help protect your future.
If you'd like help with your financial future, connect with Alex, Ed, and the team at Birch Run Financial:
Website: www.BirchRunFinancial.com
Email: info@birchrunfinancial.com
On Facebook: Birch Run Financial
On Twitter: @BirchRunFinance
Phone: (484) 395-2190
You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.
Or visit them on the web at https://www.birchrunfinancial.com/
Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536
Any opinions are those of Ed Lambert and Alex Cabot and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190.
Any rating is not intended to be an endorsement, or any way indicative of the advisors abilities to provide investment advice or management. This podcast is intended for informational purposes only.
