Todd Tevens Managing Director, Lawley Retirement Advisors View Bio

On May 3rd at 9 am, Lawley Retirement Advisors and J.P. Morgan’s Chief Global Strategist, Dr. David Kelly, will be hosting a webinar entitled “Late-Cycle Investing: A Guide to the Markets.”

To join the webinar, register here.

Topics discussed will include:

  • There are fiscal, economic and political roadblocks to the Trump agenda. While we expect an eventual cut in corporate taxes and fiscal stimulus, both may be much more modest than analysts expect.
  • Future U.S. earnings growth won’t be as strong as analysts currently estimate thanks to a strong dollar and some potential challenges from energy. Although stock valuations now look somewhat expensive, there remain opportunities within the asset class.
  • The Fed has been very cautious in raising interest rates in recent years, but thanks to improving economic data in the U.S. and abroad we expect a modestly more aggressive pace of tightening going forward, leading to negative real returns in many fixed income markets.
  • With U.S. valuations looking expensive and economic growth prospects unimpressive, it might be time to look for alpha abroad, particularly in a rebounding Europe and more-promising emerging markets.

ABOUT DR. KELLY

Dr. David Kelly is the Chief Global Strategist and Head of the Global Market Insights Strategy Team for J.P. Morgan Asset Management. With over 20 years of experience, David provides valuable insight and perspective on the economy and markets to thousands of financial advisors and their clients.

Throughout his career, David has developed a unique ability to explain complex economic and market issues in a language that financial advisors can use to communicate to their clients. He is a keynote speaker at many national investment conferences. David is also a frequent guest on CNBC, and other financial news outlets and is widely quoted in the financial press.

Prior to joining J.P. Morgan Asset Management, David served as Economic Advisor to Putnam Investments. He has also served as a senior strategist/economist at SPP Investment Management, Primark Decision Economics, Lehman Brothers and DRI/McGraw-Hill.

David is a CFA® charterholder. He also has an Ph.D and M.A. in Economics from Michigan State University and a B.A. in Economics from University College Dublin in the Republic of Ireland.

ABOUT LAWLEY RETIREMENT ADVISORS

Lawley Retirement Advisors provides consistent enrollment and educational meetings and materials for you and your employees. We’ll help you implement and manage the program, and promote the benefits of employee participation.

Our investment programs for retirement plans are designed to be diversified, not complex. We create model portfolios with access to some of the top-performing fund managers available without causing an overload of investment choices.

 

To join the webinar, register here.

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