Abnormal Returns
MAY 14, 2024
Modeling How much can machine learning techniques help in model making? (aqr.com) Fancier models don't necessarily estimate the ERP better. (alphaarchitect.com) The case for ensemble models. (mrzepczynski.blogspot.com) Can AI replace stock analysts? (papers.ssrn.com) Research Crashes are the bane of momentum investors. (mrzepczynski.blogspot.com) Why time horizon matters when it comes to investing in TIPS.
Nerd's Eye View
MAY 14, 2024
Welcome everyone! Welcome to the 385th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Danielle Howard. Danielle is the owner of Wealth By Design, a hybrid advisory firm based in Glenwood Springs, Colorado, that oversees about $35 million in assets under advisement for 35 client households. What's unique about Danielle, though, is how she has created a process she calls "Financial Fingerprints To Footprints ", where she helps clients who are struggling to implem
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Abnormal Returns
MAY 12, 2024
Markets No news is good news for the stock market. (tker.co) The stock market has gone nowhere the past 10 weeks. (allstarcharts.com) What Wall Street jargon really means. (awealthofcommonsense.com) Companies Apple ($AAPL) is now taking AI seriously. (nytimes.com) Adobe ($ADBE) is walking a fine line when it comes to AI. (theatlantic.com) Funds Mutual funds just keep closing.
Nerd's Eye View
MAY 8, 2024
Measuring a client's tolerance for risk is an essential (and required!) step when onboarding a new client, as making any sort of recommendation is impossible without first understanding how comfortable clients may be when their portfolios inevitably experience volatility. Over the years, 2 types of measurement tools have emerged as the standards for assessing risk tolerance: 1) psychometric tests, which feature a series of questions (such as, "What amount of risk do you feel you have taken with
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
The Big Picture
MAY 10, 2024
This week, we speak with Jim O’Shaughnessy, founder and CEO of O’Shaughnessy Ventures. He is also chairman of the board at Stability AI. He is the host of the Infinite Loops podcast and the author of How to Retire Rich , Invest Like the Best , and Predicting the Markets of Tomorrow. We discuss how the book What Works on Wall Street set the tone for his entire career as a quant.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Advisor Perspectives
MAY 14, 2024
Household debt rose by $184 billion (1.09%) to $17.69 trillion in Q1 2024. The increase in debt this quarter was largely driven by mortgage and auto loan balances. Meanwhile, credit card balances declined, as is typical for the first quarter.
Abnormal Returns
MAY 13, 2024
Netflix Don't be surprised if Netflix ($NFLX) starts airing NFL games. (spyglass.org) How Netflix ($NFLX) became the future of television. (theirrelevantinvestor.com) BREIT How has BREIT shrugged off the downturn in commercial real estate? (insights.finominal.com) Why private real estate may not belong in a structure like BREIT. (citywire.com) Fund management Why closed-end funds can trade above NAV for extended periods of time.
Nerd's Eye View
MAY 10, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners"– this week's edition kicks off with the news that a recent analysis from Morningstar suggests that the Department of Labor's (DoL's) new Retirement Security Rule (aka Fiduciary Rule 2.0) could save retirement plan participants $55 billion over the next 10 years (due to an expectation of more low-cost fees being offered in plans) and those rolling over workplace plans into IRAs to purchase annuities another $32.5 bill
Wealth Management
MAY 13, 2024
The impact that artificial intelligence will have on wealth management drew a large crowd at the Wealth Management EDGE conference at the Diplomat Beach Resort in Hollywood Beach, Fla.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Calculated Risk
MAY 13, 2024
From Matthew Graham at Mortgage News Daily: What You See Today Won't Necessarily Be What You See Tomorrow With essentially nothing on the event calendar to start the new week, it was fair to expect a continuation of the same sideways drift that characterized last week. It's not the future can ever be predicted when it comes to markets, but we can say the flat trajectory is the least surprising outcome for Monday.
A Wealth of Common Sense
MAY 10, 2024
I saw the following headline earlier this week: I didn’t even need to read the actual article to know what the message would be. The tell here was the term ‘veteran forecaster’ In finance-speak, veteran forecaster can be translated to mean someone who is supremely confident in their predictions but almost always wrong. It has to be this way because forecasters are so unreliable.
Wealth Management
MAY 13, 2024
Numerous speakers at Wealth Management EDGE said buyers would want to see that its AUM wasn’t primarily tied to a small number of clients and that its growth wasn’t spurred mainly by the market.
Calculated Risk
MAY 13, 2024
This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the April 2024 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019.
Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor
During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.
Advisor Perspectives
MAY 14, 2024
You will find it very difficult to find good value in stocks in a bull market like we’ve had since 2008. As Warren Buffett says – “You cannot invest in what’s popular and expect to do well.
Abnormal Returns
MAY 10, 2024
Markets Picking 30 companies for the Dow Jones Industrial Average isn't easy in a dynamic economy. (wsj.com) The stock market doesn't love high inflation. (klementoninvesting.substack.com) Apple Apple ($AAPL) is in a tough spot. (om.co) Apple ($AAPL) may be late in AI, but don't count them out. (barrons.com) If Apple ($AAPL) is no longer the world's biggest brand, what is?
Trade Brains
MAY 11, 2024
Morning Doji Star Candlestick Pattern: Candlestick patterns are distinctive visual representations of price action over a specific period. These patterns, formed by open, high, low, and close prices, give insights into market sentiment and potential trend reversals or continuations. Candlestick patterns assist traders in making informed decisions about buying and selling stocks by providing valuable information about market dynamics and potential trading opportunities.
Wealth Management
MAY 13, 2024
Stich, who left digital custodian Entrustody in January, joins MarketCounsel this week as executive managing director and will take over a lot of the operational responsibilities from President and CEO Brian Hamburger.
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Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.
oXYGen Financial
MAY 12, 2024
Advisor Perspectives
MAY 9, 2024
In the week ending May 4, initial jobless claims were at a seasonally adjusted level of 231,000, an increase of 22,000 from the previous week's figure. The latest reading is higher than the forecast of 212,000 jobless claims.
Abnormal Returns
MAY 13, 2024
Podcasts Daniel Crosby talks with Naomi Win about why we hate uncertainty so much. (standarddeviationspod.com) Brendan Frazier talks with Emily Koochel about combining technology and financial psychology. (podcasts.apple.com) The biz What Goldman Sachs ($GS) hopes to achieve in the RIA custody business. (barrons.com) Why Focus decided to merge Buckingham Strategic Wealth and The Colony Group.
A Wealth of Common Sense
MAY 14, 2024
A lot of investors have abandoned international diversification (or at least strongly considered it) in recent years. I understand why this is happening. The U.S. stock market has destroyed all comers ever since the Great Financial Crisis ended. Since 2009, a total U.S. stock market index fund is up more than 660% while a total international index fund is up more like 180%.
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All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!
Wealth Management
MAY 13, 2024
Speakers at Wealth Management EDGE at The Diplomat Beach Resort in Hollywood Beach, Fla., discuss how investing strategies, including SMAs and how inflation and the Fed are impacting investing.
Trade Brains
MAY 10, 2024
Bearish Engulfing Candlestick Pattern: Technical analysts rely heavily on chart and candlestick patterns to conduct comprehensive analyses of stock prices and accurately predict their future movements. Each pattern formed in the market has a clear and justified reason behind its formation and indicates the market’s direction. Here in this article, we shall discuss a two-candlestick pattern called the bearish engulfing candlestick pattern with its meaning, formation, indication, and how to
Calculated Risk
MAY 8, 2024
Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in April A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to April 2019 for each local market (some 2019 data is not available). This is the first look at several early reporting local markets in April.
Abnormal Returns
MAY 10, 2024
The biz How the Acquired podcast became a favorite in the business world. (wsj.com) Scott Galloway is launching a new finance-focused podcast. (semafor.com) Business Rick Buhrman and Paul Buser talk with Mitch Rales, co-founder of Danaher Corp. (joincolossus.com) Derek Thompson talks with Gideon Lewis-Kraus about the prospects for eVTOLs. (theringer.com) Josh Brown and Michael Batnick talk all things Hollywood with Matt Belloni.
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Creating a winning digital lending experience requires plenty of focus on the needs of customers and more. Biz2X Chief Product Officer Aaron Traub covers everything from how to create such an experience, areas to hone in on, pitfalls to avoid, and plenty more in this insightful article. Discover how to utilize new technology without alienating existing customers, what to emphasize when working on your platform, and how to utilize the data at your disposal while not becoming overly reliant on it.
The Irrelevant Investor
MAY 10, 2024
I once heard somebody say, “You are what you drive.” I thought it was ridiculous when I first heard it and I feel the same way more than twenty years removed. But just because cars don’t tell you everything about their driver, it doesn’t mean they tell you nothing either. I’ve been thinking about cars lately because after a lousy experience, I’m starting to think differently about what.
Wealth Management
MAY 13, 2024
How RIAs grow and manage that growth was a focal point of many speakers at Wealth Management EDGE at The Diplomat Beach Resort in Hollywood Beach, Fla.
Trade Brains
MAY 8, 2024
Bearish Harami Candlestick Pattern: Technical analysis is a method for forecasting future price movements using previous market data, with a primary focus on price and volume. Candlestick patterns stand out as visual representations of price activity over a set span. These patterns, created by open, high, low, and close prices, provide information on market mood and prospective trend reversals or continuations.
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