Advisor Perspectives

APRIL 20, 2023

The latest Conference Board Leading Economic Index (LEI) for March dropped to 108.4 marking the 12th consecutive monthly decline and the lowest reading since November 2020. decline, and the sharpest drop since April 2020. from February's revised figure of 109.7, Today's reading represented a 1.2%

Economics 131

Economics 131

Advisor Perspectives

AUGUST 17, 2023

The Conference Board Leading Economic Index (LEI) fell for the 16th consecutive month in July as economic uncertainty continues to grow. the index's lowest reading since June 2020. The index dropped 0.4% from last month to 105.8, The latest reading was consistent with expectations.

Economics 94

Economics 94

Advisor Perspectives

JUNE 22, 2023

The Conference Board Leading Economic Index (LEI) for May dropped to 106.7 This is the index's lowest reading since July 2020. from April's figure of 107.5. and the 14th consecutive monthly decline, the longest streak since 2009. Today's reading represented a 0.7% month-over-month decline, slightly higher than the forecast.

Economics 111

Economics 111

Advisor Perspectives

MAY 18, 2023

The latest Conference Board Leading Economic Index (LEI) for April dropped to 107.5 This is the 13th consecutive monthly decline, the longest streak since 2009, and the lowest reading since September 2020. from March's revised figure of 108.2. Today's reading represented a 0.6% month-over-month decline, consistent with the forecast.

Economics 115

Economics 115

Advisor Perspectives

SEPTEMBER 21, 2023

The Conference Board Leading Economic Index (LEI) fell for the 17th consecutive month in August as economic uncertainty and recession fears continue to grow. the index's lowest reading since June 2020. The index dropped 0.4% from last month to 105.4,

Economics 75

Economics 75

Calculated Risk

MARCH 7, 2023

Today, in the Calculated Risk Real Estate Newsletter: Pandemic Economics, Housing and Monetary Policy: Part I A brief excerpt: Pandemic economic outcomes were frequently largely unexpected. More generally, in 2020, we saw a surge in spending on goods as many services were shut down.

Economics 98

Economics Accounting Marketing Marketing 98

Calculated Risk

NOVEMBER 24, 2022

Here are five economic reasons to be thankful this Thanksgiving. in April 2020 (the highest since the Great Depression). Note this graph was impacted by the sharp decline in Q2 2020 GDP. Hat Tip to Neil Irwin who started doing this years ago) 1) The Unemployment Rate is Near 50 Year Low The unemployment rate was at 3.7%

Economics 117

Economics 117

Meb Faber Research

NOVEMBER 15, 2023

Episode #508: Jim Bianco on “The Biggest Economic Event of Our Lifetime” & The End of the 40-Year Bond Bull Market Guest: Jim Bianco is the President and Macro Strategist at Bianco Research, which offers macro investment research on financial markets.

Economics 87

Economics Marketing Marketing Financial Market 87

Advisor Perspectives

JULY 20, 2023

The Conference Board Leading Economic Index (LEI) for June dropped to 106.1 This is the index's lowest reading since July 2020 and the 15th consecutive monthly decline, the longest streak since 2009. from May's figure of 106.9. Today's reading represented a 0.7% month-over-month decline, slightly worse than the forecast.

Economics 75

Economics 75

Nationwide Financial

APRIL 17, 2023

April 20: Index of Leading Economic Indicators (LEI) LEI points to elevated recession risk The index of leading economic indicators (LEI) is expected to retreat again in March, marking the twelfth straight month of decline. The drop in prices for food at home was the first decline since September 2020.

Economics 98

Economics Retail Economy Sales 98

Nationwide Financial

APRIL 10, 2023

The new orders components in both surveys provide evidence of weakening economic demand, and the surveys are consistent with a slowing economy. Analysis: Job growth still solid Nonfarm payroll growth continued to moderate in March, slowing to 236,000 — a still-solid number, but the weakest monthly growth since December 2020.

Economics 52

Economics Manufacturing Retail Sales 52

Brown Advisory

AUGUST 9, 2021

2020 Global Leaders Impact Report ajackson Mon, 08/09/2021 - 09:43 Download the Report A Letter of Introduction From The Portfolio Managers We are pleased to introduce our new Impact Report which reflects our activity and progress throughout 2020. ESG research is an essential part of our investment strategy.

Portfolio Management 52

Portfolio Management Portfolio Risk Management Investing 52

Brown Advisory

AUGUST 9, 2021

2020 Global Leaders Impact Report. We are pleased to introduce our new Impact Report which reflects our activity and progress throughout 2020. Despite all the disruption throughout 2020, it was pleasing to witness increasing adoption of environmental, social and governance (ESG) considerations by investors around the world.

Portfolio Management 52

Portfolio Management Portfolio Risk Management Investing 52

Nationwide Financial

FEBRUARY 27, 2023

March 3: ISM Services ISM services expected to fall, but remain in expansion territory The service sector grew in January following the first contraction reading in December since May 2020. Under normal circumstances, January’s spending would be celebrated as a sign of robust consumer activity and continued economic expansion.

Economics 98

Economics Sales Manufacturing Economy 98

The Big Picture

OCTOBER 7, 2022

2020s : Remained on emergency footing post Covid, despite broad evidence of economic recovery. Following those March 2020 rate cuts, the Fed stayed at Zero until March 2022. During the same period of time, the S&P 500 rose 67.9% (2020) and 28.7% (2021). return is from the March 23, 2020 low.

Economics 329

Economics Banking Portfolio Assets 329

Brown Advisory

JUNE 18, 2020

Brown Advisory 2020 Sustainability Report ajackson Thu, 06/18/2020 - 13:03 We are pleased to share Brown Advisory’s first corporate Sustainability Report. have shaken the foundations of our communities and society, creating immense economic and public health fallout that we are only beginning to comprehend.

Fiduciary Duty 52

Fiduciary Duty Ethics Clients Education 52

Brown Advisory

JUNE 18, 2020

Brown Advisory 2020 Sustainability Report. Thu, 06/18/2020 - 13:03. have shaken the foundations of our communities and society, creating immense economic and public health fallout that we are only beginning to comprehend. We are pleased to share Brown Advisory’s first corporate Sustainability Report.

Fiduciary Duty 52

Fiduciary Duty Ethics Clients Education 52

Nationwide Financial

MARCH 6, 2023

Other economic data showed a surprising jump in housing market activity and jobless claims remained very low, while core durable goods orders and shipments when adjusted for inflation were softish. The employment index suggested weaker hiring within the sector, while production showed its deepest contractionary readings since May 2020.

Economics 52

Economics Transportation Manufacturing Economy 52

Nationwide Financial

APRIL 24, 2023

The latest batch of economic data continue to signal that a recession is on the horizon — we still foresee a downturn unfolding in the second half of the year. The Conference Board’s Leading Economic Index (LEI) posted its 12th straight monthly decline, falling to its lowest level since November 2020. from a year ago.

Economics 52

Economics Economy Sales Food 52

Abnormal Returns

DECEMBER 8, 2023

bonddad.blogspot.com) 5 million more Americans are working now than in January 2020. axios.com) The economics of the Christmas tree business. (stripe.press) Economy The November NFP report showed an increase of 199k jobs and a 3.7% unemployment rate. calculatedriskblog.com) There is some weakness is leading employment sectors.

Financial Advising 245

Financial Advising Media Economy Economics 245

Brown Advisory

FEBRUARY 1, 2021

Global Leaders Investment Letter - Q4 2020 jharrison Mon, 02/01/2021 - 08:25 Just want the PDF? One of the most important investing reminders of 2020 was around one of the few sources of investment edge: time. When does crowd psychology take hope for economic return beyond what valuation can support? What is Space?

Investing 52

Investing Investments Valuation Engineering 52

Brown Advisory

FEBRUARY 1, 2021

Global Leaders Investment Letter - Q4 2020. One of the most important investing reminders of 2020 was around one of the few sources of investment edge: time. The power of our clear and disciplined process was evident throughout 2020 as it enabled us to focus on our long investment horizon during a stressful and uncertain period.

Investing 52

Investing Investments Valuation Engineering 52

Indigo Marketing Agency

MAY 5, 2020

How To Grow Your Retirement Plan Business In The 2020 Economic Crisis. We’ve partnered with the experts at The Retirement Learning Center to update advisors on how the retirement plan landscape has been altered by the 2020 economic crisis. I’m super excited to welcome the team at Retirement Learning Center.

Retirement 52

Retirement Economics Retirement Planning Financial Planning 52

The Big Picture

FEBRUARY 5, 2024

The resulting impact on CRE land and liabilities is a risk factor for the banking sector, and potentially a threat to the broader economic system. In the pre-2020 seller’s market, building owners found ways to make nearly every square foot of CRE property profitable. So far, these have achieved only mixed success.

Retail 180

Retail Economics Distribution Economy 180

The Big Picture

NOVEMBER 7, 2022

When the Economic Policy Institute analyzed this, they discovered: “Since the trough of the COVID-19 recession in the second quarter of 2020, overall prices in the NFC [non-financial corps] sector have risen at an annualized rate of 6.1%—a Economic Policy Institute, April 21, 2022). a pronounced acceleration over the 1.8%

Economics 329

Economics Economy Retail Numbers 329

The Big Picture

OCTOBER 18, 2022

The four largest drops occurred during distinct periods of economic distress: 1990 (recession), 2006-09 (GFC), 2020 (pandemic/recession), and today (FOMC 300 bp rate hike). The current collapse is to a measure of 25, from a November 2020 peak of 77; the pandemic saw a fall to 13 from 58, and the GFC saw a collapse from 55 to 7.

Budgeting 363

Budgeting Economy Taxes Economics 363

Calculated Risk

APRIL 5, 2024

Part Time for Economic Reasons From the BLS report : " The number of people employed part time for economic reasons, at 4.3 The number of persons working part time for economic reasons decreased in March to 4.31 The number of persons working part time for economic reasons decreased in March to 4.31 YoY in March.

Numbers 125

Numbers Economics Manufacturing 125

The Big Picture

OCTOBER 23, 2023

” That poor belief system has disadvantaged America — it has made us economically weaker, prevented the country from performing basic maintenance on its infrastructure, and generally made it a harsher place to live. Note that we undertook much of the work anyway (airports, electrical grid, roads, etc.),

Government 326

Government Economics Taxes Budgeting 326

The Big Picture

JANUARY 3, 2023

What does this rock traversing through the vast emptiness of space have to do with economic expansion, corporate revenues & profits, inflation, or interest rates? We can credit three elements for this massive outperformance: -Substantial prices resets: 57% in 2008-09 and 34% in 2020. Fiscal stimulus 2020-22. billion times.

Economy 318

Economy Economics Portfolio Media 318

Nationwide Financial

JUNE 13, 2023

Coming off the blowout jobs report and the debt ceiling agreement, last week was a slower week for economic data. Given the Fed’s guidance, we expect them to hold rates unchanged on Wednesday, but retain a hawkish bias which opens the door to a July rate hike if economic activity and namely inflation do not cool sufficiently.

Economics 52

Economics Manufacturing Retail Sales 52

The Big Picture

SEPTEMBER 20, 2023

It uses (13 or so) inputs 1 to extrapolate a rough approximation of economic growth. The error range can be large, especially early in the quarter , or when an economic shock occurs, such as early in the 2020 Pandemic. The NY Fed subsequently added its version , as did other regional Fed banks.

Banking 140

Banking Economics Retail Economy 140

Nationwide Financial

MAY 16, 2023

Kathy Bostjancic: Given the severity of the last two recessions (the Great Recession in 2007-08 and the COVID recession in 2020), it’s likely not surprising that many investors think the next downturn could be just as severe. KB: Inflation remains a key factor in our broader economic outlook. However, most recessions in the U.S.

Economics 52

Economics Retirement Clients Retirement Planning 52

Mish Talk

NOVEMBER 25, 2022

The overall fall in activity was the second-fastest since May 2020 as inflation, rising borrowing costs and economic uncertainty weighed on demand. Demand conditions worsened as the fourth quarter progressed, with new orders across the private sector falling in November at the fastest pace since the initial pandemic wave in May 2020.

Economy 290

Economy Manufacturing Numbers Sales 290

Calculated Risk

JANUARY 5, 2024

At the beginning of the pandemic, in March and April of 2020, leisure and hospitality lost 8.2 million jobs, and are now down 163 thousand jobs since February 2020. So, leisure and hospitality has now added back about 98% all of the jobs lost in March and April 2020. This is down from the record high in April 2020 of 23.0%

Retail 115

Retail Numbers Economics Manufacturing 115

Calculated Risk

DECEMBER 8, 2023

At the beginning of the pandemic, in March and April of 2020, leisure and hospitality lost 8.2 million jobs, and are now down 158 thousand jobs since February 2020. So, leisure and hospitality has now added back about 98% all of the jobs lost in March and April 2020. This is down from the record high in April 2020 of 22.9%

Retail 122

Retail Numbers Economics Manufacturing 122

The Big Picture

DECEMBER 16, 2022

History suggests that the Fed’s recognition of key market and economic indicators also is on an excessive lag. Then again in the 2020s, they remained on emergency footing post-Covid, despite broad evidence of economic recovery. Following the rate cuts in March 2020 , the Fed stayed at Zero until March 2022.

Economics 297

Economics Banking Marketing Marketing 297

Calculated Risk

JULY 7, 2023

At the beginning of the pandemic, in March and April of 2020, leisure and hospitality lost 8.2 million jobs, and are now down 369 thousand jobs since February 2020. So, leisure and hospitality has now added back about 96% all of the jobs lost in March and April 2020. level in February 2020 (pre-pandemic).

Numbers 122

Numbers Economics Manufacturing 122