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April 2023 Economic Update – The Banks, The Economy and Valuation

//  by Tower Bridge Advisors

In this video, Tower Bridge Advisors’ Chief Investment Officer Jim Meyer discusses three key topics impacting investors – Banks, the Economy and Valuation. Please watch as Jim provides some perspective on these topics and gives investors some sense of how to position portfolios for what lies ahead.

Tower Bridge Advisors manages over $1.3 Billion for individuals, families and select institutions with $1 Million or more of investable assets. We build portfolios of individual securities customized for each client's specific goals and objectives. Contact Nick Filippo (610-260-2222, nfilippo@towerbridgeadvisors.com) to learn more or to set up a complimentary portfolio review.

# – This security is owned by the author of this report or accounts under his management at Tower Bridge Advisors.

Additional information on companies in this report is available on request. This report is not a complete analysis of every material fact representing company, industry or security mentioned herein. This firm or its officers, stockholders, employees and clients, in the normal course of business, may have or acquire a position including options, if any, in the securities mentioned. This communication shall not be deemed to constitute an offer, or solicitation on our part with respect to the sale or purchase of any securities. The information above has been obtained from sources believed reliable, but is not necessarily complete and is not guaranteed. This report is prepared for general information only. It does not have regard to the specific investment objectives, financial situation or the particular needs of any specific person who may receive this report. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed in this report and should understand that statements regarding future prospects may not be realized. Opinions are subject to change without notice.

Filed Under: Economic Updates, Video Tagged With: Economic Update 2022, Investor topics, Jim Meyer, market outlook, Philadelphia Wealth & Asset Management, portfolio management, Tower Bridge Advisors

Previous Post: « October 26, 2022- Stocks have now risen sharply for three straight sessions as both the value of the dollar and the yield on 10-year Treasuries retreated. But disappointing earnings last night from a trio of tech names may spoil the party this morning. Or at least give it some reason to pause. The poor numbers from tech land remind us to look forward, not back. The great opportunities that technology created over the last quarter century are now maturing. The good news is that new opportunities will appear. They always do in a capitalistic entrepreneurial society.
Next Post: April 26, 2023 – Markets are being buffeted by crosscurrents. The banking crisis has come back into focus amid turmoil at First Republic. Earnings reports move individual stocks both ways. Bond market strength portends a weakening economy and slower inflation. Yet pockets of economic strength endure, mostly in the travel and leisure sectors. The net for equity investors is a standoff, one likely to endure for some time amid persistent rotation of leadership. »

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  • February 4, 2026 – Punxsutawney Phil saw his shadow on Groundhog Day this week, forecasting 6 more weeks of winter. Phil’s accuracy is only about 30% over the past decade and about 39% dating back to 1887, but it rivals more sophisticated models. This week the technology sector caught a chill, although other sectors of the stock market are starting to thaw out.
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  • December 29, 2025 – It is customary at the end of every year to look ahead. As I say all the time, the critical factors influencing stock prices are earnings, interest rates and the pace of inflation. Overall, consensus expectations are for earnings to increase close to 14%, inflation either slightly lower or slightly higher than we have experienced this year, and lower Fed Funds rates given that Trump is not likely to appoint anyone to be the next Federal Reserve chairman who won’t pursue a steady downward path. The combination of lower rates, modest inflation and higher earnings should be a favorable backdrop for stocks. With that said, I want to make some specific observations that may texture how the economy and the stock market act next year.
  • December 22, 2025 – All the hype suggests artificial intelligence is going to be a game changer as far as productivity is concerned. But history suggests that may not be correct. While technology has been the driver of 2-3% productivity gains over the last 75 years, inventions like mainframe computers, PCs, smartphones, networking and the Internet barely moved the productivity needle. What they all did was reduce the costs of doing business. Thus, technology drives both productivity and deflation. But where AI is set to accelerate, either trend is open to debate.
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