David Dietze discussed the state of the stock market and the economic outlook for the near to intermediate time period. David noted that while the economy remained strong and unemployment was near historic low levels, inflation was still a concern and the Federal Reserve was likely to keep rates high and longer than previously expected. Essentially, David is relatively positive on the economic outlook. While the consumer is fighting higher interest rates and higher prices in several sectors, the government has also injected considerable stimulus which has a balancing effect. He also believes one should remain invested in the stock market and not try to market time as stock prices can react faster to changes in perception than most investors can change their allocations. David also noted there has been an increasing concentration of value into a decreasing number of companies; roughly one third of the S&P's value is contained in less than twenty stocks, nearly all in the high tech area. In the link below you can open and review David's excellent PowerPoint slides. documents/en-us/8efbe607-ff27-48ad-93cc-54727c59e70a/1David Dietze Discusses the Markets
David Dietze discussed the state of the stock market and the economic outlook for the near to intermediate time period. David noted that while the economy remained strong and unemployment was near historic low levels, inflation was still a concern and the Federal Reserve was likely to keep rates high and longer than previously expected. Essentially, David is relatively positive on the economic outlook. While the consumer is fighting higher interest rates and higher prices in several sectors, the government has also injected considerable stimulus which has a balancing effect. He also believes one should remain invested in the stock market and not try to market time as stock prices can react faster to changes in perception than most investors can change their allocations. David also noted there has been an increasing concentration of value into a decreasing number of companies; roughly one third of the S&P's value is contained in less than twenty stocks, nearly all in the high tech area. In the link below you can open and review David's excellent PowerPoint slides. documents/en-us/8efbe607-ff27-48ad-93cc-54727c59e70a/1