The Big Picture

JANUARY 3, 2023

Holding onto expectations of major shifts in key drivers of the markets and the economy – merely due to the changing of the calendar – is a carryover from the days when the calendar mattered much more. 2022 can be understood as part of that process. through January 4, 2022. Alas, utterly nothing.

Economy 323

Economy Economics Portfolio Media 323

Abnormal Returns

JANUARY 20, 2023

ritholtz.com) India's stock market held up well in 2022. wsj.com) Don't let your portfolio be driven by strategist forecasts. theinformation.com) The bloom is off the 'passion economy' rose? ft.com) Economy Existing home sales plunged in December. Markets What a 'breakaway momentum thrust' means for investors.

Investing 218

Investing Investments Startup Financial Advising 218

The Big Picture

NOVEMBER 4, 2022

However, this will only be known in the fullness of time, after inflation is tamed and the economy does not suffer too greatly from the cure. Regardless, it’s a worthwhile exercise to wargame Fed actions, and consider what they might mean to your portfolio and/or personal finances. When Your Only Tool is a Hammer (November 1, 2022).

Economy 352

Economy Economics Portfolio 352

Abnormal Returns

JANUARY 11, 2023

Markets How does the 60/40 portfolio perform after big down years? wsj.com) BITO Bitcoin tanked in 2022 but Bitcoin futures ETPs held in there. economist.com) Belgium and the Netherlands intercepted a record-breaking 160 metric tonnes of cocaine in 2022. cnn.com) Economy Some additional signs that the economy is rolling over.

Financial Advising 201

Financial Advising Startup Economy Media 201

The Big Picture

AUGUST 17, 2022

What’s obvious is that cheaper is better than more expensive; that there are inherent costs in managing an active portfolio that include more than just trading and taxes but research, analysis, PMs, etc. Dangerous for economy. Concentrated portfolio risk. Barry Ritholtz (@ritholtz) May 5, 2022. Devouring capitalism.

Taxes 330

Taxes Portfolio Management Investing 330

Abnormal Returns

JANUARY 3, 2023

Markets How major asset classes performed in December 2022. capitalspectator.com) 2022 was the third worst year for the 60/40 portfolio. awealthofcommonsense.com) The Dow lead the major indices in 2022. in 2022 vs. 2021. nytimes.com) The UK has 'deconverged' from the rest of the global economy.

Startup 191

Startup Valuation Financial Advising Distribution 191

Brown Advisory

SEPTEMBER 21, 2022

Resilience is Core to Sustainable Portfolio Construction. Wed, 09/21/2022 - 10:50. While the old adage “only time will tell” generally refers to a future outcome, it is apropos of our belief that a truly sustainable portfolio must consist of businesses that have proven to be resilient under a variety of macroeconomic circumstances.

Portfolio 86

Portfolio Manufacturing Financial Services Investing 86

Abnormal Returns

JANUARY 1, 2023

Markets Global stocks and bonds lost more than $30 trillion for 2022. ft.com) The 60/40 portfolio had a historically bad year. finance.yahoo.com) Apple ($AAPL) lost $846 billion in market cap in 2022. marketwatch.com) 2022 was a big year for ETFs, except for a spot Bitcoin ETF. wsj.com) Matt Levine, "What happened at FTX?

Financial Advising 241

Financial Advising Medical Economics Media 241

The Big Picture

SEPTEMBER 28, 2023

Even as inflation peaked in June of 2022 and fell from 9% to 3%, people remained angry. Oh, and the economy would have hurtled into the worst depression since the Great Depression of 1929. Recall that the Atlanta Fed’s GDP Now in June 2020 showed the economy had been cut in half, down -52.8%.

Government 297

Government Medicine Economy Healthcare 297

Abnormal Returns

DECEMBER 21, 2022

Markets Four things that mattered for portfolios in 2022. morningstar.com) Gasoline prices are ending 2022 below where they were a year ago. theinformation.com) Books 16 notable finance books from 2022 including "The Power Law: Venture Capital and the Making of the New Future" by Sebastian Mallaby. John Mandel.

Financial Advising 159

Financial Advising Media Economy Portfolio 159

Discipline Funds

OCTOBER 20, 2023

Let’s look at the scorecard: Bitcoin – it boomed in 2020 well in advance of the big inflation spike in 2021 & 2022 and weirdly busted as inflation reared its ugly head. The answer is that this is a fairly small slice of the aggregate bond market and an even smaller slice of most investors’ portfolios.

Economy 77

Economy Retail Government Banking 77

Abnormal Returns

JANUARY 6, 2023

Markets The 60/40 portfolio return equation reset last year. hunterwalk.com) The 'Creator Economy' was way overblown. institutionalinvestor.com) 2022 was a good year for quant funds, including AQR. msn.com) Global How the Ukrainian economy is adapting to war. econbrowser.com) The Fed is catching up to reality.

Financial Advising 130

Financial Advising Startup Economy Media 130

The Big Picture

OCTOBER 27, 2023

Since the Great Financial Crisis in 2008-09, the income portion of portfolios has been almost an afterthought. For the decade1 from 2012 to 2022, 10-year Treasuries yielded less than 3% and averaged closer to 2%. And this was before the 2022-23 rate hiking cycle. Interested in speaking to us? We will be in town November 5th-8th.

Portfolio 143

Portfolio Government Wealth Management Taxes 143

Abnormal Returns

JANUARY 27, 2023

awealthofcommonsense.com) 2022 shows that every portfolio strategy comes under pressure. wsj.com) Intel ($INTC) had a tough 2022 and 2023 isn't looking better. thebasispoint.com) Housing The Fed's policies are hitting the economy primarily through the housing channel.

Financial Advising 205

Financial Advising Distribution Valuation Media 205

Abnormal Returns

MARCH 17, 2023

mattstoller.substack.com) Fund management Tiger Global wrote down the value of its venture portfolio by 33% in 2022. institutionalinvestor.com) Economy Has the banking crisis increased the odds of a recession? (mrzepczynski.blogspot.com) The Fed is a bad bank regulator.

Financial Advising 212

Financial Advising Startup Banking Manufacturing 212

Abnormal Returns

JANUARY 18, 2023

wsj.com) The periodic table of commodity returns for 2022. allstarcharts.com) Why 2022 was an unusually bad year for the 60/40 portfolio. institutionalinvestor.com) Startup valuations trended down in the second half of 2022. institutionalinvestor.com) Economy Retail sales fell 1.1% in December 2022.

Financial Advising 130

Financial Advising Startup Wealth Management Valuation 130

Abnormal Returns

OCTOBER 16, 2022

alphaarchitect.com) The all-weather portfolio has not fared well in 2022. tker.co) Do we need to throw the economy into recession to tame inflation? Top clicks this week How millionaires invest. blog.validea.com) Jason Zweig, "Try to watch a tree growing, and you see nothing; yet it is growing all the same.

Retail 162

Retail Economy Portfolio Investing 162

Carson Wealth

JULY 31, 2023

After a large reversal Thursday, stocks bounced back Friday, bolstered by the continued impressive performance of the economy (further details below). Instead of saying the economy grew at a “modest” pace, Fed members said it’s growing at a “moderate” pace. Moderate” is Fedspeak for a strong economy. The economy grew 2.4%

Economy 52

Economy Marketing Marketing Compliance 52

Abnormal Returns

OCTOBER 12, 2022

allstarcharts.com) The all-weather portfolio has not fared well in 2022. theinformation.com) Economy Producer price increases are easing. Strategy Sometimes your best trade is a loss. blog.validea.com) Companies Apple ($AAPL) is shifting more production out of China.

Financial Advising 175

Financial Advising Startup Media Economy 175

Trade Brains

DECEMBER 27, 2022

The IPO will open for subscription on December 30th, 2022, and close on January 4th, 2023. In this article, we will look at the Sah Polymers IPO Review 2022 and analyze its strengths and weaknesses. The product portfolio of the company includes: FIBC (Flexible intermediate bulk container). Opening date December 30, 2022.

Manufacturing 52

Manufacturing Food Portfolio Management 52

Abnormal Returns

DECEMBER 1, 2022

Markets How major asset classes performed in November 2022. capitalspectator.com) Lumber is the worst performing commodity of 2022. on.ft.com) Private equity has been slow to mark down portfolio values. wsj.com) It's hard to argue that Brexit has been a net-positive for the UK economy.

Financial Advising 130

Financial Advising Economy Manufacturing Media 130

The Big Picture

AUGUST 26, 2022

An overlooked indicator shows the US economy actually grew in the first half of 2022 : Gross domestic income (GDI) showed the economy expanded during the first half of the year. Bloomberg ) see also The NY Fed vs Larry Summers : Some pundits were right on high inflation but for the wrong reasons. Financial Times ). •

Economy 286

Economy Government Accounting Portfolio 286

Carson Wealth

JANUARY 16, 2024

We believe the odds of a recession remain low, with continued income growth, a recovery in rate-sensitive cyclical areas of the economy, and untapped potential for productivity gains helping to support the expansion. Market participants, strategists, policymakers, and the economy rarely saw eye to eye.

Investing 96

Investing Investments Marketing Marketing 96

Discipline Funds

FEBRUARY 9, 2024

1) Portfolio Insurance. What most people want from their portfolio is growth, stability and liquidity. A simple portfolio of T-Bills and stocks would get that job done. But depending on your balance you might want to insure that stock piece because it will dominate the volatility in the portfolio.

Insurance 91

Insurance Economy Portfolio Assets 91

Random Roger's Retirement Planning

JANUARY 6, 2023

If you've been reading my blog posts in various places over the last 15 years you probably wouldn't be surprised to hear me say that if 60/40 is dead, it died years ago not in 2022. The consequence for that risk finally mattered in 2022. Unreliable bond volatility is not something I want to have a whole lot of in client portfolios.

Portfolio 59

Portfolio Management Clients Investing 59

Advisor Perspectives

JULY 17, 2023

economy will continue to drive market volatility. Both stocks and bonds were battered in 2022, and while both have come back a bit this year, the uncertainty makes it difficult to optimize portfolio allocations. Doug will discuss bond alternatives, like fixed-rate annuities, to diversify and de-risk client portfolios.

Clients 96

Clients Portfolio Retirement Economy 96

Brown Advisory

SEPTEMBER 21, 2022

Resilience is Core to Sustainable Portfolio Construction mhannan Wed, 09/21/2022 - 10:50 As crucial as sustainability may be to investors and companies alike, gauging the long term resilience of their business model is just as important. But just how far into the future the management is focused is where we pay close attention.

Portfolio 52

Portfolio Manufacturing Financial Services Investing 52

Brown Advisory

SEPTEMBER 21, 2022

Resilience is Core to Sustainable Portfolio Construction. Wed, 09/21/2022 - 10:50. While the old adage “only time will tell” generally refers to a future outcome, it is apropos of our belief that a truly sustainable portfolio must consist of businesses that have proven to be resilient under a variety of macroeconomic circumstances.

Portfolio 52

Portfolio Manufacturing Financial Services Investing 52

Abnormal Returns

DECEMBER 9, 2022

The biz The top podcasts of 2022, per Apple Podcasts. podcasts.apple.com) Economy Ezra Klein talks economic trends with Mohamed El-Erian. infiniteloopspodcast.com) Frederick Geischen talks lifelong learning with Alix Pasquet III, Managing Partner and portfolio manager at hedge fund Prime Macaya.

Portfolio Management 200

Portfolio Management Economics Economy Management 200

The Big Picture

MARCH 13, 2024

To help us unpack all of this and what it means for your portfolio, let’s bring in Jim Bianco, Chief Strategist at Bianco Research, and His firm has been providing objective and unconventional research and commentary to portfolio managers since 1990, and it is top rated amongst institutional traders.

Numbers 280

Numbers Insurance Economy Marketing 280

Abnormal Returns

NOVEMBER 7, 2022

theirrelevantinvestor.com) When bond diversification dilutes your portfolio diversification. wisdomtree.com) Deflation Wholesale used car prices fell in October 2022. snippet.finance) Economy We're all just sitting around waiting for the recession to start. Strategy The stock market is rewarding companies showing profitability.

Financial Advising 130

Financial Advising Economy Media Portfolio 130

Carson Wealth

JANUARY 8, 2024

A “Goldilocks” December jobs report highlights sustained momentum for the economy as it continues its path to normalization. So, although last year was quite the run, we need to remember just how bad 2022 was. That is the longest stretch since the late 1960s, which indicates the economy is in a healthy place. million jobs.

Marketing 96

Marketing Marketing Economy Numbers 96

James Hendries

JULY 13, 2022

Dear Valued Investor, As the calendar has turned to July, investors would certainly like to forget the first six months of 2022. economy remain relatively strong. real GDP growth to be around 2% in 2022. This may come to pass, especially if a recession can be averted in 2022 as we expect. Should the U.S.

Clients 52

Clients Investment Advisor Economy License 52

Abnormal Returns

FEBRUARY 16, 2023

bloomberg.com) Bitcoin is at its highest level since June 2022. ft.com) Why where investors mark the portfolios can be all over the place. bloomberg.com) Economy What does a 'no landing' economic scenario look like? Markets The FTSE 100 Index has risen above 8,000 points for the first time ever. pragcap.com) Fidelity is hiring!

Financial Advising 147

Financial Advising Engineering Valuation Retail 147

Abnormal Returns

JULY 12, 2022

Markets S&P 500 companies paid out a record amount of dividends in Q2 2022. wsj.com) Stock-bond correlation worked against the 60/40 portfolio this year. caia.org) Every major asset class yields more than it did at the beginning of 2022. fastcompany.com) Economy How to model an economic recession in real-time.

Financial Advising 130

Financial Advising Media Economy Economics 130

Carson Wealth

DECEMBER 11, 2023

It is important to remember that stocks lead the economy, both on the way up and the way down. To us, this is the market’s way of saying the economy will continue to see solid growth next year. Stocks tend to lead the economy, and several major indexes are near new highs, which is a good signal for the economy.

Marketing 143

Marketing Marketing Economy Compliance 143

The Big Picture

NOVEMBER 1, 2023

My mid-week morning train WFH reads: • The pandemic has broken a closely followed survey of sentiment: Americans’ opinions about the state of the economy have diverged from reality : Americans are gloomy about the state of the economy. And it forces lawmakers to respond. ( trillion in client assets.

Retail 130

Retail Economy Engineering Financial Services 130