Current State of the Economy with Brad Sorensen, CFA (Part I)
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Show Notes
This week on Financial Planning: Explained, host Michael Menninger, CFP sits down with Brad Sorensen, CFA. Brad is a Portfolio Manager and Chief Investment Officer at Cornerstone Portfolio Research. Cornerstone is the team that Mike’s firm uses as their outsourced Chief Investment Officers, as they serve in the role of assisting Mike’s team in making investment decisions for their client’s managed portfolios.
This episode is the first of a 4-part series that reviews various components of the economy and the resulting behavior of the stock and bond markets. In this first part, Brad and Mike discuss the two Fed mandates – price stability (inflation) and the labor markets. These two mandates serve as the basis for the Fed raising interest rates, which has a significant impact on the financial markets. In addition, Brad and Mike also touched upon two current hot topics – the debt ceiling and recent bank failures. This first episode also marks the 100th episode of Financial Planning: Explained.
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