2024 Investment Outlook Seminar Quiz

To reinforce some of the lessons offered in the 2024 Investment Outlook Seminar, we’ve chosen 10 multiple-choice questions based on the presentation by company president, Kyle Tetting. The answers are at the bottom of the page and include links to more information.

View the 2024 Investment Outlook Seminar.

1.

Part of Kyle’s confidence in the U.S. economy is the relative strength of consumers. About how much of the national gross domestic product is accounted for by consumer spending?

(Choose one.)

Nearly one-quarter
About half
Around two-thirds
More than three-quarters

(See answers below.)

2.

When Kyle talked about real wage growth emerging, what does the word “real” mean?

(Choose one.)

Tax-adjusted
Verified by the IRS
Inflation-adjusted
Relative to the federal minimum wage

(See answers below.)

3.

Which two of the following are the mandates of the Federal Reserve?

(Choose two.)

Fiscal responsibility
Price stability
Budget control
Full employment

(See answers below.)

4.

How does Kyle see the economy prospering from a rising tide of workers claiming Social Security retirement benefits?

(Choose one.)

More retirees mean more job opportunities for younger workers.
More retirements mean companies can trim payrolls and be more profitable.
Retiree spending boosts the economy.
Greater use helps sustain Social Security’s trust fund.

(See answers below.)

5.

What is a soft landing?

(Choose one.)

Bringing inflation down without going into recession
Bringing deficits down without raising taxes
Bringing interest rates down without raising unemployment
Bringing deficits down without raising interest rates

(See answer below.)

6.

Kyle explained that inflation can be measured in several ways. The key is to be consistent. Which measure of inflation did Kyle use?

(Choose one.)

Consumer Price Index
Producer Price Index
Personal Consumption Expenditures index
Personal Consumption Expenditures index, excluding food and energy

(See answer below.)

7.

Kyle identified megatrends that he said were the biggest driver of stock prices in the past two years. Which of the following are included in those trends?

(Choose one.)

Corporate recoveries from the COVID-19 pandemic
A surge in sheer numbers of investors from the baby boom
Artificial intelligence, automation and robotics
Increased investments from China and elsewhere

(See answer below.)

8.

Which of the following did Kyle point to as the biggest risk to stocks currently?

(Choose one.)

Bonds
Valuations
Corporate tax rates
Politics

(See answer below.)

9.

Kyle talked about Federal Reserve rate cuts starting to unwind the inverted yield curve. Which one of the following defines an inverted yield curve?

(Choose one.)

When long-term interest rates are higher than short-term rates
When the earnings yield is higher than the 10-year Treasury yield
When the 10-year Treasury yield is higher than the earnings yield
When short-term interest rates are higher than long-term rates

(See answer below.)

10.

Kyle showed the gap narrowing between the earnings yield on the S&P 500 and the yield on the 10-year U.S. Treasury bill. Which one of the following describes the point he was making?

(Choose one.)