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The Big Picture
OCTOBER 21, 2022
The usual answers — Elon Musk’s distraction(s), and the company’s high valuation – are certainly fair reasons, but I suspect the biggest challenge is competition from legacy car makers. The post 2023 Mercedes EQE Electric SUV appeared first on The Big Picture. Earlier this week I asked What’s Ailing Tesla’s Stock?
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Nerd's Eye View
NOVEMBER 6, 2023
Welcome to the November 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!
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How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies
Protect What Matters: Rethinking Finance Ops In A Digital World
Your Accounting Expertise Will Only Get You So Far: What Really Matters
Wealth Management
DECEMBER 12, 2022
A data-driven analysis of M&A and valuation trends re-shaping the wealth management market.
Wealth Management
JANUARY 30, 2024
Developments from 2020 to 2023.
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Wealth Management
JANUARY 2, 2024
Lower valuations and higher dividend yields mean value stocks typically outperform in the long run regardless of interest rates.
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Wealth Management
FEBRUARY 28, 2023
Federal Reserve economists warned about CRE valuations taking a tumble. Real estate borrowers are looking for creative solutions when refinancing amid a volatile lending landscape, reports RE Business Online. These are among today’s must reads from around the commercial real estate industry.
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Abnormal Returns
JANUARY 14, 2024
(awealthofcommonsense.com) 12 lessons the markets taught investors in 2023 including 'Valuations cannot be used to time markets.' awealthofcommonsense.com) 10 ideas from 2023 that stuck including 'Keep it simple in investing when everyone knows everything.'
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Abnormal Returns
SEPTEMBER 24, 2023
tonyisola.com) Leveraged loans have put corporate bonds to shame in 2023. institutionalinvestor.com) Putting a valuation on Instacart ($CART). (semafor.com) A wide range of outcomes is always on the table. wsj.com) The life of a short-seller, even when proven correct, is no easy thing.
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Nerd's Eye View
JANUARY 3, 2024
Consumers, meanwhile, have just about burned their way through their post-COVID savings, which was the main driver for GDP growth in 2023. Moreover, historically extreme valuations in a small handful of mega-cap stocks that account for about 30% of the market weight in the S&P 500 (i.e.,
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Abnormal Returns
DECEMBER 20, 2023
Markets Six charts that defined markets in 2023. newsletter.rationalwalk.com) Product-wise, 2024 will be a bigger year for Apple ($AAPL) than 2023. finance.yahoo.com) Hipgnosis is having a hard time coming up with song valuations. axios.com) The Nasdaq 100 is just different. buy back shares?
The Big Picture
APRIL 17, 2025
In 2023, he tweeted a list of overlooked facts. This was just before an 81% collapse that bottomed in December 2023. My advice was not based on fear of a bubble or the (over)valuation of Yahoo; rather, I suggested employing a regret minimization framework.2 The most devastating: 98% of all ARKK investors were underwater.
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Abnormal Returns
SEPTEMBER 1, 2024
Markets The S&P 500 returned 2.43% in August 2023. wsj.com) Good luck trying to time the stock market using valuation metrics. on.spdji.com) There are too many markets at all-time highs to count. whitecoatinvestor.com) Strategy High yields come with risk. Don't let anyone tell you otherwise.
Abnormal Returns
JANUARY 3, 2023
feld.com) 2023 is going to be a year or reckoning for the startup space. wsj.com) Startups are going to experience a "new normal" valuation-wise. avc.com) SpaceX is raising new capital at a $137 billion valuation. (nytimes.com) Venture capital Brad Feld, "Nothing is going to magically and suddenly change for the better."
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Abnormal Returns
DECEMBER 7, 2023
(wsj.com) What phrases and words companies stood out in conference calls in 2023? techcrunch.com) SpaceX SpaceX is reportedly planning a tender offer for employee shares at a $175 billion valuation. ft.com) VC SimpleClosure, a start-up that helps other start-ups wind down their operations, is doing a booming business.
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Abnormal Returns
JULY 24, 2023
podcasts.apple.com) Q&As A Q&A with Larry Swedroe about valuations and private credit. investmentnews.com) The 2023 Charles Schwab RIA Benchmarking Study are out. (behindthebalancesheet.com) Brendan Frazier talks with Michael Thomas about the power of data visualization to affect client behavior.
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Wealth Management
APRIL 25, 2023
banks have been preparing themselves for drops in asset valuations for office properties on their books, reported Financial Times. Multifamily owners and managers are experiencing serious staff shortages, according to Bisnow. These are among current must reads for investors in commercial real estate.
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Nerd's Eye View
JULY 5, 2023
In addition to overlooking global long-term recovery patterns, investors often fail to consider the important role that valuation changes play in investment returns. As while investment returns can be driven by underlying economic performance, such as through growth in earnings, they can also be driven by changes in valuations.
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The Big Picture
FEBRUARY 7, 2024
Dividends come from earnings, and so those are sort of anchors to valuation. Jeremy Schwartz : And basically said that there’s huge Tech stocks, triple-digit PEs, you can never justify the valuations no matter what the growth rates are. Barry Ritholtz : So we’re recording this towards the end of 2023.
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The Big Picture
JANUARY 12, 2024
Finance in 2023 She discusses how from an early age, she was primarily interested in all aspects of real estate, from architecture to investments. She is also co-chair of the board of directors of RealAssetX , PGIM Real Estate’s innovation lab aimed at accelerating advancement in the real assets industry.
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Abnormal Returns
JANUARY 27, 2023
(nytimes.com) Companies Revisiting Tesla's ($TSLA) valuation, post-Twitter fiasco. wsj.com) Intel ($INTC) had a tough 2022 and 2023 isn't looking better. aswathdamodaran.blogspot.com) Some big spinoffs are coming down the pike including ones from J&J ($JNJ) and 3M ($MMM).
Abnormal Returns
DECEMBER 28, 2022
cnn.com) Big Tech is set to cut costs (and jobs) in 2023. tomtunguz.com) Instacart continues to slash its valuation. (whitecoatinvestor.com) Companies Why Southwest ($LUV) is melting down. nytimes.com) How Constellation Software is a $30b+ publicly-traded software holding company employing more than 25,000.
Abnormal Returns
JUNE 27, 2023
bloomberg.com) SpaceX's valuation keeps rising, due in part to Starlink's success. economist.com) The 10 best movies of 2023, so far, including 'Air.' (behaviouralinvestment.com) Do commodities have a role to play in a long-term, strategic asset allocation? om.co) The rise of the multiplex explains a lot about movies today.
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Nerd's Eye View
NOVEMBER 4, 2022
In addition to an announced decline in Medicare Part B premiums for 2023, advisors have a range of other ways to save clients money on medical costs in the coming year. While private valuations have soared in recent years, public markets continue to be less kind to RIAs. Pundits continue to expect “SECURE 2.0” Read More.
Trade Brains
OCTOBER 3, 2024
’s expansion, its potential future growth, and its sustainability, and whether the valuations are justified. Financial Overview Of Trent Financial Year Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Revenue (Crores) 3,485.00 crore in March 2023 to ₹12,375.11 in March 2023 to ₹41.82 This article will examine Trent Ltd.’s
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Abnormal Returns
JANUARY 9, 2023
axios.com) Finance Private equity managers are abusing their discretion when it comes to valuations. axios.com) Apartment rents are set to fall in 2023. Markets There's no sign that options trading is slowing down. wsj.com) The 10-year Treasury rates peaked back in the Fall. thinkadvisor.com) Black founders in the U.S.
Abnormal Returns
DECEMBER 26, 2022
rationalreminder.libsyn.com) The biz The DeVoe 2023 M&A report shows expectations for lower RIA valuations. (open.spotify.com) Cameron Passmore and Benjamin Felix talk with Prof. Annamaria Lusardi about the importance of financial literacy. squarespace.com) CI Financial ($CIXX) is moving forward with an IPO of its U.S.
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The Big Picture
JANUARY 4, 2023
Washington Post ). • Here’s (Almost) Everything Wall Street Expects in 2023 : To kickstart the new year, Bloomberg News has gathered more than 500 calls from Wall Street’s army of strategists to paint the investing landscape ahead. in 2023 : From the American West to vibrant islands in the Caribbean. Bloomberg ). Financial Times ).
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Financial Symmetry
FEBRUARY 20, 2025
This means that the expansion of valuation multiples, like price-to-earnings (P/E), has played a big role.2 For current valuations to be justified for the Mag 7 and large growth stocks more broadly, very large earnings growth will have to continue. Pay attention to valuations. 2 Figure 4 demonstrates. Source: Morningstar.
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Nerd's Eye View
DECEMBER 23, 2022
While RIA M&A activity has been red hot during the past couple of years, a survey suggests that advisors are expecting lower valuations in 2023. From there, we have several articles on advisor marketing: Five tactics advisors can use to make the most of the online referrals they receive.
Validea
FEBRUARY 8, 2023
By Jack Forehand, CFA, CFP® ( @practicalquant ) — 2023 has been a great year for the market so far. But before I do that, I wanted to first cover two caveats I always put in articles about market valuation. The first is that market valuation has essentially zero predictive power over short-term market returns.
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Advisor Perspectives
MARCH 3, 2023
Our monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations for investment returns. As of February 28, 2023 it was at 3.92%. On August 4, 2020, the 10-year Treasury yield hit its all-time low of 0.52%.
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Brown Advisory
MARCH 6, 2023
2023 Asset Allocation Perspectives and Outlook ajackson Mon, 03/06/2023 - 14:43 We are pleased to share Brown Advisory’s 2023 Outlook. Each year, the Annual Outlook report assesses the current investment landscape and discusses some of the main themes being expressed in client portfolios.
Abnormal Returns
JANUARY 10, 2024
(awealthofcommonsense.com) The 60/40 portfolio had a big comeback in 2023. entrylevel.topdowncharts.com) Strategy 12 lessons the markets taught investors in 2023 including 'Valuations cannot be used to time markets.' morningstar.com) Bond investor sentiment has turned.
The Big Picture
APRIL 24, 2023
Previously : Observations to Start 2023 (January 3, 2023) Bottoming? Note we have not even referencing the valuation debate. Markets are complex mechanisms. Oversimplifying them into narratives or relying on context-free myths will not serve your portfolio well.
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The Big Picture
FEBRUARY 27, 2023
These were the annual returns1 from 1970 through January 2023: S&P 500: 10.5% MSCI ex-USA: 8.4% ( Wealth of Common Sense ) • I’m not Sure Speculation Is Gone : Jim Chanos, president and founder of Chanos & Company, believes the level of silliness and speculation seen in 2020 and 2021 marked an important moment for valuations.
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The Big Picture
DECEMBER 1, 2022
Those three options will determine whether or not the equity and bond markets make a bottom now, at some point in 2023, or at some future date beyond. This is why I put a 50% probability of markets finding a bottom sometime between October 2022 and March 2023. My take on these probabilities looks something like this: 1.
295 
Advisor Perspectives
JANUARY 2, 2024
Here is the latest update of a popular market valuation method, Price-to-Earnings (P/E) ratio, using the most recent Standard & Poor's "as reported" earnings and earnings estimates, and the index monthly average of daily closes for the past month. The latest trailing twelve months (TTM) P/E ratio is 24.2
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MarketWatch
MARCH 15, 2023
s valuation has reportedly fallen for the second time in 2023 as the company announced a new round of funding late Wednesday. Back in January, Stripe reportedly had cut its internal valuation to $63 billion, down from a $95 billion valuation in March 2021. Privately held fintech company Stripe Inc.’s
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Cornerstone Financial Advisory
OCTOBER 2, 2023
Source: Econoday, September 29, 2023 The Econoday economic calendar lists upcoming U.S. STZ) Source: Zacks, September 29, 2023 Companies mentioned are for informational purposes only. In 2023, the standard mileage rate is 65.5 The Wall Street Journal, September 29, 2023 2. CNBC, September 26, 2023 5.
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Validea
JUNE 13, 2025
Others are based on simplistic valuation metrics that ignore critical elements like debt, cash flow quality, or business fundamentals. 10.79% NVAX NOVAVAX INC 05/23/2025 100% $7.25 $7.15 -1.38% FINV FINVOLUTION GROUP (ADR) 08/18/2023 100% $5.14 $8.91 Not all value strategies are created equal. The result?
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Cornerstone Financial Advisory
SEPTEMBER 25, 2023
Source: Econoday, September 22, 2023 The Econoday economic calendar lists upcoming U.S. NKE) Source: Zacks, September 22, 2023 Companies mentioned are for informational purposes only. The Wall Street Journal, September 22, 2023 2. The Wall Street Journal, September 22, 2023 3. CNBC, September 21, 2023 5.
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The Big Picture
SEPTEMBER 12, 2023
The 50 Most Valuable Companies in the World in 2023 The post Most Valuable Companies appeared first on The Big Picture.
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Cornerstone Financial Advisory
OCTOBER 9, 2023
Source: Econoday, October 6, 2023 The Econoday economic calendar lists upcoming U.S. BLK) Source: Zacks, October 6, 2023 Companies mentioned are for informational purposes only. The Wall Street Journal, October 6, 2023 2. The Wall Street Journal, October 6, 2023 3. The Wall Street Journal, October 6, 2023 4.
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Cornerstone Financial Advisory
DECEMBER 18, 2023
Source: Econoday, December 15, 2023 The Econoday economic calendar lists upcoming U.S. NKE) Source: Zacks, December 15, 2023 Companies mentioned are for informational purposes only. The Wall Street Journal, December 15, 2023 2. The Wall Street Journal, December 15, 2023 3. The Wall Street Journal, December 15, 2023 4.
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