Advisors4Advisors

Recorded on a LIVE webinar presented June 20, 2025, this class is approved for credit by CFP Board for CFP CE, and IWI for CIMA CE. NASAA accepted submission of this class for Products & Practices IAR CE on June 19, 2025. (It generally takes four or five weeks for IAR CE to be reflected in your FinPro account.)

A comprehensive analysis of current economic and market conditions, this class digs into the June FOMC meeting and includes a primer on FOMC meeting releases.     

Designed for financial professionals, the class explores the divergence between soft and hard economic data, recent GDP forecasts, inflation trends, and Federal Reserve policy updates. It also covers labor market dynamics, consumer spending, market valuation metrics, and the role of demographic wealth distribution in economic activity. 

Participants gain actionable insights into interpreting key indicators such as the PCE deflator, yield curve, and equity risk premium. The course equips advisers with timely context to support client communications and investment decision-making.

Fritz Meyer, an independent economist, has taught on Advisors4Advisors monthly since March 2011. His classes averaged a rating of 9.7 (out of 10) for any 12 month period year after year. Fritz previously was senior strategist at one of the world's largest investment companies for over a decade.  He has no product affiliations, and his classes are solely member-sponsored.

Drawing on the latest financial and economic indicators, this monthly course situates current metrics within their long-term historical context, helping advisors formulate an informed outlook based on timely, data-driven analysis of U.S. economy and global capital markets.

Fritz has a knack for balancing current conditions with timeless investing principles to offer incisive analysis of Federal Reserve actions and forecasts, employment trends, consumer spending and savings, corporate earnings, and key fundamentals IARs must know. 

This class teaches you to:  

• Distinguish between soft and hard economic data, and explain their respective impacts on interpreting economic conditions.
• Describe the significance of the Atlanta Fed’s Q2 2025 GDP growth estimate and contrast it with other economic forecasts (e.g., Conference Board, NY Fed).
• Explain the role of the personal consumption expenditures deflator (PCE) as a key inflation measure and assess its implications for Fed policy.
• Analyze the effects of consumer wealth and net worth on economic growth, particularly in relation to the baby boomer demographic.
• Evaluate the current state of the U.S. labor market, including employment trends, wage growth, and labor force participation rates.
• Assess current trends in consumer spending, housing starts, and retail sales, and their implications for future economic performance.
• Interpret stock market performance in the context of corporate earnings forecasts, especially those related to the “Magnificent Seven” tech stocks.
• Discuss the equity risk premium and historical stock market returns, emphasizing the long-term value of remaining invested during market volatility.
• Explain the relationship between interest rates, bond yields, and stock valuations, including the role of the Fed’s dot plot and yield curve behavior.
• Summarize current inflation expectations and credit conditions, including consumer leverage metrics and the Fed’s outlook on monetary policy.

The Class Assessment
Earning credit on a replay of a webinar requires passing a scored assessment with a grade of 70% or more.  To make it easier to pass the assessment, review the learning objectives (LOs) above. You will be asked one question about each LO in the scored assessment.

Learning Experience  
Complete the five sections on the left side menu of every course to earn earn :

1. Instructions
2.  63-minute video by Fritz Meyer    
3.  Engagement Exercise
4.  Scored assessment
5.  Satisfaction survey  

Who Should Attend:
IA Reps, CFPs, EAs, CFAs, CPA financial planners, CPA/PFSs, CIMAs, CLUs, ChFCs, and other professionals who seek a deeper understanding of diversified portfolio strategies.

Cost:
Free to Advisors4Advisors members ($60/Qtr.)

Prerequisites: None
Advanced Preparation: None
Course Level: Update
Course Delivery Method: On-demand webinar replay
Field of study: Economics 
Advisors4Advisors is approved as a CE provider by:

• CFP Board, which regulates CE for Certified Financial Planners.  
• North American Securities Administrators Association. NASAA does not endorse any particular provider of CE courses. The content of the course and any views expressed are those of the instructor and do not necessarily reflect the views of NASAA or any of its member jurisdictions. The class is submitted for approval NASAA.  
• National Association of State Boards of Accountancy (NASBA) as a Quality Assurance Service (QAS) Self-Study Provider, enabling CPA CPE credit live and on-demand webinars. State boards of accountancy retain final authority on course acceptance. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors at www.nasbaregistry.org. 
• Investments & Wealth Institute, enabling credit for CFP®, CIMA®, and CPWA® professionals. 

For information on administrative policies, such as refunds, cancellations and complaints, email [email protected]