Chief Investment Strategist,
The Leuthold Group, LLC
- Chief strategist and portfolio manager at the Leuthold Group, LLC
- Editor of Paulsen's Perspective newsletter
- Frequent Contributor to Financial Media Outlets
Jim Paulsen is chief investment strategist and a portfolio manager at The Leuthold Group, LLC. He is a member of the investment committee, authors market and economic commentary, and works with the Leuthold investment team in serving institutional, financial advisor, and investment-professional clients. Mr. Paulsen's long-running newsletter, now titled Paulsen's Perspective, is published and distributed alongside their premier monthly research product, Perception for the Professional.
The pandemic set the US and global economy on its biggest roller-coaster ride of the post-war era. Going from a depressionary bust to a war-time boom in a single year is unprecedented and it has created a unique economic and financial market environment. Will the abuse and overuse of economic policy stimulus cause overwhelming inflation or simply a temporary spike? Is the US headed for another productivity miracle? Can the above-average pace of US real GDP growth persist even after economic policy accommodation is normalized? Could investors enter 2022 with an undervalued stock market, a moderating inflation rate, a near-record low yield structure, above average real GDP growth, and continued strong earnings gains? How young is this bull market?
Jim Paulson will comment on the unique response from the stock market, investors, and policy officials to the virus crisis where he will illustrate that this is because it is the only "Recession by Proclamation" in U.S. history. Now, the US is beginning its first ever Recovery by Proclamation. Dr. Paulsen will also focus on why the combination of widespread fear and under-ownership of risk assets and massive policy stimulus is a powerful force for a continuation of this new bull market. Finally, he will discuss what specific asset classes, investment factors, and sectors probably make the most sense right now for inclusion in investor portfolios.