9/22 @Merrill Lynch: Markets & Crises 2022H2

By Professor Joel Litman

Chairman and CEO of Valens Research and the Founder and Chief Investment Strategist of Altimetry Financial Research


Thursday, 22nd September 2022



12:00 PM – 1:00 PM EDT

We are pleased to bring Professor Joel Litman to Merrill Lynch Wealth Advisors for “Markets & Crises: Insights from Inside the Pentagon.” 

As an advisor to the Department of Defense, the FBI, and some of the largest institutional investors in the world, Professor Litman has been in discussions and presented highly non-traditional research on how current global affairs are impacting and will continue to affect the stock market for the mid-term and very long-term.

For this Merrill Lynch-only program, Professor Litman has been asked to discuss how Merrill Lynch’s recommended buy/hold list could benefit or be negatively impacted by these major macro themes, making them stronger or weaker stocks over time. 

More on Professor Joel Litman

Professor Joel Litman is Chief Investment Strategist of Valens Research. He has lectured at top programs including Harvard Business School and Wharton, for the U.S. government, including the FBI, Pentagon, and US Marine Corps War College, for CFA Societies and large private investment teams from New York to Istanbul to Beijing.

Litman has specialized leadership at the world’s largest firms such as PwC and Credit Suisse. Appearing in Barron’s, CNBC, Institutional Investor, and Harvard Business Review.

“9/22 @Merrill Lynch: Markets & Crises 2022H2”

September 22, 2022, Thursday, 12:00 PM – 1:00 PM ET

*This webinar is free of charge. Registration is required to save your slot

Valens Research utilizes the world’s most detailed and comprehensive Uniform Accounting in proprietary equity, credit, and global macro analysis, removing discrepancies and distortions inherent in as-reported financial statements.

Valens employs this cross-capital, unbiased, highly-forensic methodology on a database of more than 32,000 companies, assessing performance and valuations across stocks, bonds, and entire markets.  

Top money managers and today’s greatest investors have long known that “Net earnings don’t represent what’s really going on in the business” and that “GAAP is not truth or reality.” How different does the world look, and every stock and bond in it, when adjustments are made for worldwide inconsistent and distorted reporting of R&D, acquisitions, divestitures, off-balance sheet assets and debts, and dozens of others? 

Join us to find out how companies’ True Earning Power and valuations appear, for Merrill Lynch’s own buy list, and other firms in the market. 

In our monthly macro reports, we use our aggregate cleaned-up PE’s, EPS, ROIC, and other valuation metrics for over 32,000 companies to get more accurate insight into future market upturns or downturns.

  • Warned in late August last year that we were starting to see growth signals slow and were primed for a shock, just before the market dropped 6% in the following month and a half
  • Signaling on March 18th, 2020 that we were primed for a rebound from overly pessimistic levels, due to exaggerated negative investor sentiment and stronger than perceived credit fundamentals, before the market rallied rapidly off the lows of March
  • Warned in January 2020 that markets were primed for a potential correction due to a lack of investor focus on potential risks in the market, before the market fell over 30% from the February highs to the March lows
  • Signaling investors to be heavily invested ahead of the September-December 2017 7%+ rally in the markets
  • Helping investors avoid the markets ahead of the early 2016 12%+ sell-off
  • Providing investors with reasons for optimism in the midst of the 9% pullback in September 2015

Register now to hear our latest macroeconomic report, as well as which stocks from Merrill Lynch look better than others!

About the Speaker:

Professor Joel Litman is Chairman and CEO of Valens Research and the Founder and Chief Investment Strategist of Altimetry Financial.

Professor Litman has lectured and advised at top programs like Harvard Business School and London Business School, for various branches of the US government, CFA Societies and investment teams from New York to Frankfurt to Beijing, and for leadership of the world’s largest firms such as PwC and Credit Suisse.

Professor Litman has been interviewed on CNBC, quoted in the Wall Street Journal’s Barron’s Magazine and Institutional Investor, and is a regular author in Forbes. He published “Give My Regrets to Wall Street” in Harvard Business Review. Professor Litman co-authored the highly-acclaimed book, “DRIVEN: Business Strategy, Human Actions, and the Creation of Wealth.”

As Chairman of the UAFRS Council, Professor Litman has spearheaded the global use of Uniform Accounting for investment decisions and strategic business analysis.

Professor Litman is a member of the CFA Institute, the global association for investment professionals, and the Association of Certified Fraud Examiners. He is a CPA (Certified Public Accountant), received a B.S. in Accounting from DePaul University, and an MBA/MM from the Kellogg Graduate School of Management at Northwestern University.

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