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NFIB Small Business Survey: Optimism Falls to Lowest Level Since 2012

Advisor Perspectives

The headline number for the NFIB Small Business Optimism Index fell to 88.5 in March, the lowest level since 20212. The latest reading was worse than the forecast of 88.8 and marked the 27th straight month the index has been below the series average of 98.0.

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Wednesday links: the shelf life of a stock

Abnormal Returns

Banking The number of bank branches in the U.S. peaked in 2012. sherwood.news) Where SVB's business stands as JP Morgan ($JPM) looks to make inroads. bloomberg.com) ETFs Where active ETFs are growing fastest. morningstar.com) The iShares Bitcoin ETF ($IBIT) is a runaway hit.

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Wealth Inequality Starts at the Top

The Big Picture

Using IRS data, University of California at Berkeley’s Emmanuel Saez and Gabriel Zucman’s 2014 study found: The share of total wealth of the top 1% has increased steadily, from below 25% in 1978 to 42% in 2012. The top 0.01% of US households had at least $111 million in net worth in 2012, compared to $4 million for the 1 %.

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What Earnings Recession?

The Big Picture

We will see something similar in the next few CPI reports, as the hottest year-ago numbers drop off from the 12-month series. Consumer Discretionary Year-over-Year is +52.2%, Communication + 18%, and Industrials 11.8%. When looking at any data series, the Base Effects matter. appeared first on The Big Picture.

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CoreLogic: 1.2 million Homeowners with Negative Equity in Q1 2023

Calculated Risk

From CoreLogic: CoreLogic: US Home Borrowers See First Annual Home Equity Losses Since 2012 in Q1 2023, but Overall Mortgage Performance Remains Strong CoreLogic®. homeowners with a mortgage lost a small amount of equity year over year for the first time since early 2012, while national combined equity followed suit. million to 1.2

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The 10 Best Financial Advisor Conferences To Attend In 2024

Nerd's Eye View

Most notable is the fact that industry associations are not the drivers of advisor conferences that they once were; while a decade ago, 75%+ of this "Best Conferences" list consisted of various events run by industry associations, now it numbers less than 25%.

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Underperforming Your Own Assets

The Big Picture

Also, given you have to turn DRIP on in most brokerage accounts, I wonder what percentage of investors reinvest as well (have looked but can’t seem to find this number anywhere).” The 10-year returns for equities (2012-2021) when the SPX generated 16.6% Essentially, he was referring to the entire field of behavioral economics.

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