The potential for advancing technologies to boost corporate productivity and profitability is so promising, Kyle Tetting says, that we may be entering a heyday for stocks.
“I am going to go out on a limb here and suggest that this may be a new Roaring Twenties,” Kyle said. “I am as optimistic about the path forward for stocks as I’ve been in a very long time.”
Kyle’s remarks were part of the 2024 Investment Outlook Seminar, held for Landaas & Company clients on Oct. 1 and 9.
The seminar offered perspectives on the state and trends of the economy and markets – both globally and domestically. Kyle explained that by several measures the U.S. economy is back to pre-COVID levels. But he also noted that the pandemic was so disruptive that some past indicators have shifted and may be less reliable.
For example, the S&P 500’s average forward price-to-earnings ratio might be a misleading guide for how expensive stocks are.
Click here for the Investment Outlook Seminar Quiz
(based on the seminar material, featuring multiple-choice questions and answers).
“I’m not sure there’s all that much value in that historical number when it’s tied to a universe that no longer exists,” Kyle said. “We are in a post-COVID world.”
While communications with clients typically center on individual circumstances, the fall seminars give Landaas & Company a chance to share a broader perspective on the landscape for long-term investors.
“This is an opportunity for us to share some thoughts with you on where we are in the world, where we are in the economy, in the markets,” Kyle said.
To view a Money Talk Video of the seminar, edited by Jason Scuglik, either CLICK HERE or the image above.
In addition to Kyle’s remarks, the 2024 Investment Outlook Seminar included a presentation by Adam Baley, who talked about the status of the balanced portfolio. Also, Art Rothschild addressed updates at Landaas & Company. Videos of Adam and Art will be available later. Check the Money Talk Videos page for updates.