Back in August 2019, I had an amazing conversation with David Mitchell of AllianceBernstein in which we talked about economic cycles and where we were. A year and a half later, his company has had some incredible returns - and many of the things that David shared with us really came to fruition.

Despite the uncertainty that the investment markets faced in 2020, AllianceBernstein’s assets grew by 70 billion since we last spoke. With their unique view on the larger global economy and their economic cycles, AllianceBernstein has thrived with amazing growth in a challenging year.

Today, David returns to the podcast to talk about where we are right now, why the markets are doing what they’re doing, and the parabolic move in the price-to-earnings ratios of the stock market.

In this podcast interview, you’ll learn:

• How COVID and low interest rates have collectively changed where we’re at in the current supercycle.
• Why millennials are a tailwind to the economy as opposed to a headwind.
• Why COVID was a proverbial match that lit the gasoline that had been building up for years. 
• How investing without purpose sets you up for failure.
• Why the US stock market is currently hugely overvalued - and why this merits active management of financial assets.
• Why volatility is a great time to look for new opportunities.

Get Today's Show Notes

To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/43

Learn More about Retirement Planning

Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com