2024 1st Quarter Economic Update for Retirement
In this Episode of the Secure Your Retirement Podcast, Radon and Murs speak with Andrew Opdyke about a 2024 1st quarter economic update and the expected economic changes in the second quarter. Andrew is a Certified Financial Advisor and Economist at First Trust Advisor.
Listen in to learn how the current concentration performance and the 2024 elections will impact the market volatility and economy, respectively. You will also learn about things that are bringing inflation down and why we\u2019ll still see a relatively shallow recession this year.
In this episode, find out:
\u25cf The unexpected events that risk increasing inflation in the second half of 2024.
\u25cf Understanding the fight between strengthening the economy and keeping the pressure on inflation.
\u25cf The possible impact of the current concentration performance on the market volatility.
\u25cf How the 2024 elections will impact the economy and why you shouldn\u2019t make investment changes based on the outcome.
\u25cf Things bringing inflation down and why we\u2019ll still see a relatively shallow recession.
\u25cf The 2nd quarter concerns \u2013 quitting the inflation rates too soon and the huge spending numbers.
\u25cf The 2024 Excitement \u2013 the broadening out of companies and the longer-term reward of it.
Tweetable Quotes:
\u25cf \u201cSome of the things that are bringing inflation down are because of some deterioration we\u2019re seeing from pockets of the economy.\u201d- Andrew Opdyke
\u25cf \u201cBased on history, you have virtually never benefited from making significant investment changes based on the party that\u2019s in power.\u201d- Andrew Opdyke
Get in Touch with Andrew:
\u25cf LinkedIn: https://www.linkedin.com/in/andrewopdyke/
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.