Stimulus and Business Confidence Revisited? Could Economic Growth follow?
Managing Director and Senior Marketing Investment Strategist, Fidelity Investments
You will Learn:
The causes of the sluggish worldwide economy
How the culture in Washington might be changed to reduce uncertainty and improve confidence in the private sector
How to invest in public markets, private markets and inflation hedges
In what has become an annual highlight, we are privileged to have a money manager of Bruce Johnstone's stature speak to us. The American economy and U.S. corporate profits remain sluggish. Rising savings rates, intrusive domestic politics, massive entitlement and debt loads are some of the contributing factors. Internationally, the U.S. faces economic slowdowns from Brexit and the EU. Additionally, deterioration in China, weakening of the oil sector and the many geopolitical hot spots are creating huge uncertainty. It is highly likely that these discouraging conditions will encourage even more monetary and fiscal stimulus. Johnstone will discuss economic and market background, and also present suggestions on how these adverse conditions could be resolved.
Between earning degrees from Harvard College and Harvard Business School, Bruce Johnstone served two years in the U.S. Navy as an officer on a destroyer. He managed the Fidelity Equity-Income Fund from 1971-1990, during which the fund achieved a return of over 1,100%, nearly twice that of the S&P 500. This return ranked Johnstone the #1 equity-income fund manager in the nation for the 19-year period. He rose to oversee all Fidelity growth and income funds, chaired Fidelity's investment committee and served as executive vice president of Fidelity Management and Research Co. In 1990 he was appointed CIO of Fidelity International Ltd., where he helped develop an international research organization. In 1987, he was named America's Best Income Investor by money Magazine.
Registration: 6:00 PM
Program: 6:30 PM
Q&A: 7:30 PM
Refreshments (wine and sandwiches): 8:15 PM