REPLAY – Sinai’s GDP Conference Call – 7/28/17

Posted July 28, 2017 by rvillareal

Stepping Up the Pace But With Too Little Inflation?

Economy Prospect, Fed Policy, and the Markets

• Q2 GDP—Stepped-Up Growth and Low Inflation?
• Global Economy Coming On? Japan, Eurozone, China
• Underlying Fundamentals and the Prospects Going Forward—DE Basic Prospect and Macro Risk Alternatives
• Central Bank Dilemma—Getting Inflation Higher!
  • Growth Picking Up, Tightening Labor Market, But Where the Inflation?
  • Sources of Low Inflation: Expected Inflation, Energy Costs, Mismeasured Productivity Growth, and “New-New” Technology or Innovations
• Growth and S&P500 Earnings Prospect and Low Inflation Bullish for Stocks
  • Slow Growth, Low Inflation, Low Interest Rates Spell Long Expansion and Long Equity Bull Market—Longest Ever
  • Lower Inflation, Low Interest Rates, and Equity Market Valuations
  • S&P500 Fair Value and Fair Value Ranges; Asset Allocations—Broad, Sector, Global Regional
• Financial Market Prospects and Perspectives
• S. Interest Rates and the Dollar

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