Linda Duessel, CFA, CPA, CFP®
Session 1 Title: Economic and Market Outlook: It All Depends on your Time Horizon
Overview:
The presentation looks at the short and long-term economic & investment implications of the post-COVID pandemic environment. The strength of businesses and consumers going into the crisis, along with unprecedented monetary and fiscal stimulus, has continued to surprise in terms of America’s speed of economic and profits recovery. The economic boom featured 40-year high inflation and a drum-tight labor market. Each has been normalizing, but markets worry that the Federal Reserve remains too restrictive, which could drive the economy into a recession. Or will inflation resume? Finally, the presentation looks at US politics; and demographics, with the massive Millennial generation reaching their prime productivity, earnings and spending years. The future may be challenging or bright, but it will be interesting!
Session 2: Behavioral Finance: How our Humanness Affects Investment Returns
Overview:
Panic selling and fear of missing out are opposite sides of the same behavioral bias, the herding bias, which is the most powerful of all in behavioral finance. We saw the first one big time in February and March of 2020, which moved to euphoria and even bubbles in pockets of the markets three years later.
Cash is king was quickly followed by cash is trash. These biases among many others are addressed in the current version of our Behavioral Finance presentation. It contains references that tie into our humanness and how that can hurt our investment returns. What are the options? Check out the presentation to find out.
About Linda
As senior equity strategist, Linda Duessel is part of the team responsible for formulating Federated Hermes’ views about various equity market conditions and the firm’s positioning strategies. She is also responsible for articulating the strategy, process, positioning and performance of Federated Hermes’ equity portfolios.
Linda has been a regular contributor to CNBC’s “Closing Bell” and other programs. In addition, she has appeared on Fox News “Your World With Neil Cavuto” and Bloomberg Television. Linda has also been extensively quoted by Associated Press, The Wall Street Journal and Barron’s and has been featured in the annual roundtables for USA Today and Smart Money Magazine. Linda also discusses personal finance with investor groups across the country on topics of interest ranging from the impact of the alternative minimum tax to investing for retirement. She has more than 35 years of investment experience.
Linda earned her master’s degree from Carnegie Mellon University and bachelor’s degree from Wharton School of the University of Pennsylvania. Linda is a CFA® charterholder, CPA and a CFP® professional.