In this Episode of the Secure Your Retirement Podcast, Radon and Murs speak with Andrew Opdyke about a 2023 mid-year economic update and the future. Andrew is a Certified Financial Advisor and Economist at First Trust Advisor.

Listen in to learn the expected and unexpected turn of events in the economy today and why inflation might not allow for rate cuts this year. You will also learn about the things in manufacturing investment and geopolitics that are taking place today and how they’ll change the American and global markets.

In this episode, find out:

• The expected and unexpected turn of events in the economy for the year's first half.
• Why the inflation stickiness might not allow for rate cuts for the remainder of the year.
• Understanding where the rest of the world is standing in terms of inflation and rates.
• The possibility of a recession or prolonged inflation due to a slowdown in demand and spending capacity.
• The importance of broadening out the market to see a sustainable market that can last years.
• The geopolitical shift happening in the world right now and how it will impact things.
• Second half of the year concerns – market pullback due to AI, commercial real estate, geo-political issues, and quantitative tightening.
• Second half of the year potentials – manufacturing investment that will unlock incredible things in the future.
• The direction the market needs to move to increase earnings on overpriced things like AI.

Tweetable Quotes:

• “Geo-politically the world could look very different in five to ten years.”- Andrew Opdyke
• “Something that we should be observing as we progress through the second half of 2023, there are signs that growth could and should flow as we move towards December.”- Andrew Opdyke
• “There are incredible things taking place today that are building for what could be a very strong foundation as we emerge from the feds' job being done.”- Andrew Opdyke

Get in Touch with Andrew:

• LinkedIn: https://www.linkedin.com/in/andrewopdyke/

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.