Capital Markets—What Now?
Dec. 3 | 1 to 2:30 p.m. EST | USQS CE and JBEA Non-core CPE Available
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ABOUT THIS WEBINAR
Over the past three years, we've seen major shifts in capital markets resulting from an inflation surge and the robust Federal Reserve monetary policy response.
With inflation now seemingly under control, capital markets are shifting to reflect a new macro-economic reality. The U.S. equity market moved up strongly in anticipation of a major policy change, while the bond market has been slower to react, with the yield curve just beginning to flatten.
Has the stock market moved too far ahead of fundamentals, implying that a pullback is imminent? Might we be experiencing another (this time AI-driven) tech bubble? And what about the bond market? While the yield curve will likely return to a normal upward shape as short rates decline, the bigger question of relevance to actuaries is whether long rates will remain stable or fall.
As actuarial practice has evolved, the linkages between the valuation of pension liabilities and capital market asset valuations have become clearer. But, in setting valuation assumptions, actuaries often need to look through the short-term market swings and develop views about the long-term level of interest rates and a sustainable expectation for portfolio returns.
This session provided an update on current capital market conditions considering recent trends, along with some perspectives on what might be expected over the longer term.
SPEAKERS
- Jerry Mingione, MAAA, FSA, EA
Member, Pension Committee
- Evan Inglis, MAAA, FSA, FCA, EA
MODERATOR
- Maria Moliterno, MAAA, ASA, EA
Member, Pension Committee
CONTINUING EDUCATION
The American Academy of Actuaries believes in good faith that attendance at this live professionalism webinar constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States, and that attendees may earn up to 1.8 organized continuing education (CE) credits for attending this live webinar.
We also believe in good faith that Enrolled Actuaries may earn up to 1.8 continuing professional education (CPE) non-core credits under the Joint Board for the Enrollment of Actuaries (JBEA) rules for attending this live webinar. However, the JBEA ultimately determines what constitutes core, non-core, ethics, or non-ethics continuing education and the number of CPE credit hours allocated to same for Enrolled Actuaries. All EAs who want to receive a Certificate of Attendance must be registered either as an individual attendee or listed as part of a group registration and must submit their request within two
business days of the event. You are required to attest to your actual attendance for the full webinar to receive full JBEA credit, regardless of whether you registered as an individual or as part of a group.
ADDITIONAL INFORMATION
Registration for this webinar is limited to the first 1,000 registrants. Visit our webinar FAQs to learn more about our webinar policies, including group registration. For more information about this webinar, contact education@actuary.org.
