The Big Picture

MAY 16, 2024

The Misery Index — the combination of Inflation and unemployment — failed as a bearish criticism of the economy. Unemployment remains at 60-year lows, and Inflation has plummeted from 9% down to the 3s. If you have a bearish mindset , and seek confirmation of that perspective, then the next economic critique after the Misery Index you try on for size is “Stagflation.” We have heard the S-word from Jamie Dimon , Stanley Druckenmiller , Bank of America , Barclays , Fox , Ma

Advertising 310

Advertising Economics Economy Banking 310

Abnormal Returns

MAY 17, 2024

Business Logan Bartlett talks with Sam Altman, CEO of OpenAI. (podcasts.apple.com) Sam Dogen talks with Emily Luk, Co-Founder and CEO of Plenty. (sites.libsyn.com) Private credit Matt Reustle talks the evolution of private credit with Armen Panossian is the co-CEO of Oaktree. (joincolossus.com) Cameron Passmore and Benjamin Felix talk about whether private credit is all that special.

Banking 207

Banking Investing Investments Marketing 207

Nerd's Eye View

MAY 15, 2024

On April 25, 2024, the Department of Labor (DoL) issued the final version of its Retirement Security Rule (the "Final Rule"), which imposes an ERISA fiduciary standard "that applies uniformly to all investments that retirement investors may make with respect to their retirement accounts ". The new rule represents the latest attempt by regulators to define the types of individuals and advice that are subject to a fiduciary obligation, following on the heels of the SEC's Regulation Best Interest (

Retirement 217

Retirement Commission Financial Advising Banking 217

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%.

Marketing 129

Marketing Marketing Asset Allocation Assets 129

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.

Accounting

Calculated Risk

MAY 15, 2024

Here are a few measures of inflation: The first graph is the one Fed Chair Powell had mentioned when services less rent of shelter was up around 8% year-over-year. This declined, but has turned up recently, and is now up 4.9% YoY. Click on graph for larger image. This graph shows the YoY price change for Services and Services less rent of shelter through April2024.

Food 115

Food 115

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.

Financial Advising 243

Financial Advising Education Manufacturing Media 243

Nerd's Eye View

MAY 17, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study indicates that while overall social media engagement for financial services companies was down in 2023 compared to the previous year, firms boosted their engagement through posts that were entirely original content (rather than sharing third-party content), spoke to the firm's or advisor's principles (with posts responding to current news topics lagging), an

Financial Planner 130

Financial Planner Wealth Management Retirement Investment Planning 130

Trade Brains

MAY 16, 2024

Steel is the sinew of a nation. From towering skyscrapers to sturdy bridges and the intricate machinery that powers industries, steel is woven into the fabric of our progress. Jai Balaji industries, a fully integrated steel company is pushing their boundaries for innovation, crafting lighter, stronger and even more sustainable steel, shaping a future as resilient as the metal itself.

Manufacturing 105

Manufacturing Planning Transportation Economics 105

Calculated Risk

MAY 16, 2024

Today, in the Calculated Risk Real Estate Newsletter: MBA: Mortgage Delinquencies Increased Slightly in Q1 2024 A brief excerpt: From the MBA: Mortgage Delinquencies Increase Slightly in the First Quarter of 2024 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.94 percent of all loans outstanding at the end of the first quarter of 2024, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.

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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.

Banking

Advisor Perspectives

MAY 16, 2024

Month-over-month nominal retail sales in April were up 0.4% and up 3.04% year-over-year. However, after adjusting for inflation, real retail sales were down 0.3% MoM and down 0.31% year-over-year.

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Retail Sales 102

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.

Financial Advising 240

Financial Advising Economy Economics Media 240

Nerd's Eye View

MAY 16, 2024

In the initial stages of their careers, many financial advicers find that, with little revenue coming in and less than a full load of client-facing work to do, they spend the majority of their time on operations and marketing as they try to establish their practice. As a result, an advicer often has the capacity to say "yes" to any opportunity that comes along as they try to keep busy and (hopefully) improve their cash flow.

Financial Advice 130

Financial Advice Clients Communication Financial Planning 130

Wealth Management

MAY 16, 2024

Too many RIAs fail to clear a path for junior advisors to take over, threatening the future viability of the business. A panel of practice management consultants at the Wealth Management Edge conference discussed why that’s a mistake and what advisors can do to change it.

Wealth Management 102

Wealth Management Consulting Management 102

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.

Financial Advice

Calculated Risk

MAY 14, 2024

From the NY Fed: Household Debt Rose by $184 Billion in Q1 2024; Delinquency Transition Rates Increased Across All Debt Types The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The report shows total household debt increased by $184 billion (1.1%) in the first quarter of 2024, to $17.69 trillion.

Economics 117

Economics Retail Accounting Banking 117

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.

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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.

Math 226

Math Retirement Planning Financial Advice Communication 226

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

Clients 130

Clients Financial Planning Financial Advisor Planning 130

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

Financial Planning

Trade Brains

MAY 14, 2024

Three Inside Up Candlestick Pattern: In the world of technical analysis, candlestick patterns serve as invaluable tools for traders, offering insights into market sentiment and potential price movements. Among the myriad of patterns, the Three Inside Up stands out for its reliability and significance. In this article, we will delve into the Three Inside Up candlestick pattern, exploring its formation, Psychology, and trading ideas with its example.

Risk Management 105

Risk Management Communication Marketing Marketing 105

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.

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Sales 120

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.

Wealth Management 112

Wealth Management Management 112

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.

Investing 207

Investing Investments 207

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

Management

Advisor Perspectives

MAY 17, 2024

The Conference Board Leading Economic Index (LEI) decreased in April to its lowest level since April 2020. The index fell 0.6% from last month to 101.8. Overall, the LEI continues to signal softer economic conditions lay ahead for the U.S. economy.

Economics 93

Economics Economy 93

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.

Risk Management 105

Risk Management Marketing Marketing Financial Market 105

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.

Banking 113

Banking Marketing Marketing 113

Wealth Management

MAY 14, 2024

During a conversation at Wealth Management EDGE, the former CEO of United Capital called private equity “economic creatures” that may add leverage and unnecessary changes.

Wealth Management 107

Wealth Management Management Economics 107

Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?

Clients

Abnormal Returns

MAY 16, 2024

Books A Q&A with Michael Muthukrishna author of "A Theory of Everyone: The New Science of Who We Are, How We Got Here, and Where We’re Going." (behavioralscientist.org) An excerpt from "Magic Pill: The Extraordinary Benefits and Disturbing Risks of the New Weight-Loss Drugs" by Johann Hari. (tim.blog) A Q&A with Zoë Schlanger author of "The Light Eaters: How the Unseen World of Plant Intelligence Offers a New Understanding of Life on Earth.

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Advisor Perspectives

MAY 14, 2024

Gas prices are down for a third straight week. As of May 13th, the price of regular and premium gas fell 3 and 4 cents from the previous week, respectively. The WTIC end-of-day spot price for crude oil closed at $79.12, up 0.8% from last week.

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oXYGen Financial

MAY 12, 2024

![CDATA[ Crafting wise financial plans for retirement is imperative for ensuring comfortability in your golden years. These plans are particularly crucial if you anticipate leaning heavily on Social Security benefits and lack considerable retirement savings to fall back on. Luckily, there are strategies you can follow to live frugally and maximize your current resources, paving the way for your.

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Retirement Financial Planning Planning 102