Capital Markets—What Now?

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ABOUT THIS WEBINAR
Monetary policy is easing but remains constrained by persistent above-target inflation levels. Despite continuing high interest rates, capital market values are near record highs, prompting some analysts to warn that U.S. stocks are outpacing fundamentals and could face a correction, especially in the large-cap growth sector where talk of a “bubble” is increasing.

Uncertainties such as rising federal debt, demographic shifts, slowing globalization, and technological change add complexity to the market outlook.

As actuarial practice has evolved, the links 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. Looking through all this turmoil, what can we conclude about the bottom-line impacts on capital markets and the economy?

This session will provide an update on current capital market conditions and some perspectives on what might be expected over the longer term.

MODERATOR

Maria Moliterno, MAAA, ASA, EA
Member, Pension Committee

SPEAKERS

Evan Inglis, MAAA, FSA, FCA, EA

Jerry Mingione, MAAA, FSA
Member, Pension Committee

CONTINUING EDUCATION
The American Academy of Actuaries believes in good faith that attendance at this live 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.