November video update on the economy, markets, and Sabrient
Sabrient CEO Scott Martindale just posted a 13-minute video update that provides an overview of some of the economic metrics he follows and has been discussing in his monthly “Sector Detector” market commentaries and blog posts.
He discusses, in his words, "...my skepticism with the official, government publications on jobs, GDP, and inflation not passing the 'smell test' and what I consider to be the mirage or illusion of a robust economy and jobs market, when in fact it has been overly reliant on government spending and hiring."
He thinks the incoming administration's business-friendly fiscal policies of "...lower corporate tax rates, unleashing domestic energy production, incentivizing the buildout of AI infrastructure to speed up disruptive innovation and productivity growth, and...slashing government waste, red tape, and bloated headcount ... [will lead to] organic growth in the private sector, which means much more sustainable economic growth and hiring. During this period of government overhaul, I expect we will see elevated market volatility as well."
Scott also gives his views on the three ways we must address the large and growing federal debt; where GDP growth, the fed funds rate, and longer-duration Treasury yields will end up; and what it all means for the stock market.
As a reminder, the new book by Sabrient founder David Brown, How to Build High Performance Stock Portfolios, is available in both paperback and eBook formats on Amazon. You can learn more about David’s book and the companion subscription product we offer that does most of the work for you by visiting:
http://DavidBrownInvestingBook.com/
Disclaimer: Opinions expressed are the author’s alone and do not necessarily reflect the views of Sabrient. This is published solely for informational purposes only. It is neither a solicitation to buy nor an offer to sell securities. It is not intended as investment advice and should not be used as the basis for any investment decision. Individuals should consider their personal financial circumstances in acting on any opinions, commentary, rankings, or stock selections provided by Sabrient Systems. Sabrient makes no representations that the techniques used in its rankings or analyses will result in profits. Trading involves risk, including possible loss of principal and other losses, and past performance is no guarantee of future results. Investment returns will fluctuate, and principal value may either rise or fall. Sabrient disclaims liability for damages of any sort (including lost profits) arising from the use of or inability to use its rankings or analyses. Information contained herein reflects our judgment or interpretation at the time of publication and is subject to change without notice.