Advisor Perspectives

FEBRUARY 27, 2024

Despite rosy forecasts, the US economy faces powerful headwinds that call into question its ability to serve as the world’s main growth driver. These challenges are compounded by domestic and geopolitical uncertainties that have not been reflected in market valuations and economic assessments.

Economy 52

Economy Valuation Economics Marketing 52

Abnormal Returns

OCTOBER 29, 2023

Top clicks this week A big regime shift has happened in the economy and financial markets. ritholtz.com) The bond market bear market is pretty epic. wired.com) Bond bear markets are different than stock bear markets. awealthofcommonsense.com) Where the valuation of the 60/40 portfolio stands.

Valuation 249

Valuation Economy Financial Market Portfolio 249

Carson Wealth

FEBRUARY 26, 2024

Late February into mid-March historically can be troublesome, increasing the likelihood of the stock market taking a break after its record run. Overall, the bull market is alive and well and we continue to expect further gains for the S&P 500 in 2024. NVIDIA’s earnings may have delayed but not alleviated the coming decline.

Marketing 96

Marketing Marketing Valuation Economy 96

Abnormal Returns

APRIL 25, 2024

Markets The energy sector is still less than 4% of the S&P 500. allstarcharts.com) What are to make of the big, and persistent, valuation disparities between large and small caps. klementoninvesting.substack.com) Economy Q1 2024 GDP came in at 1.6% collabfund.com) Expect to see some overconfidence tonight in Detroit.

Accounting 257

Accounting Consulting Financial Advising Valuation 257

Abnormal Returns

MARCH 17, 2024

Markets Market valuations aren't that helpful in the short term. bloomberg.com) Economy Consumer balance sheets are in good shape. tker.co) The U.S. yield curve has been inverted for a record amount of time. ft.com) Strategy Why you can ignore all the magazine cover commentary.

Financial Advising 243

Financial Advising Commission Valuation Consulting 243

Abnormal Returns

SEPTEMBER 7, 2023

stock market of late. theirrelevantinvestor.com) Big tech stocks have their own valuation experience. nytimes.com) Economy Weekly initial unemployment claims are off their lows of a year ago. disciplinefunds.com) Have Fed rate hikes already worked its way through the economy? bloomberg.com) Salt Lake City is booming.

Financial Advising 244

Financial Advising Valuation Economy Insurance 244

The Big Picture

APRIL 7, 2023

My end-of-week, market’s-closed-but-BLS-open Good Friday reads: • Here’s What Happens at the IRS After You File Your Taxes Refunds can come in five days—or a few months. American Prospect ) see also Six Ways Existing Economic Models Are Killing the Economy : The alleged science doesn’t match up to the real world.

Valuation 290

Valuation Advertising Economy Food 290

Carson Wealth

JANUARY 16, 2024

Carson Investment Research 2024 Market Outlook: Seeing Eye to Eye We are targeting a total return of 11-13% for the S&P 500 Index in 2024 and 4-6% for the Bloomberg U.S. We also share a long-term view of markets, highlighting the persistence of the equity risk premium and the value of diversification. Aggregate Bond Index.

Investing 96

Investing Investments Marketing Marketing 96

The Reformed Broker

SEPTEMBER 16, 2023

We discussed lessons from the tech bubble, smart beta, big tech valuations, Tesla and Nvidia, how AI might impact markets and the economy, and much more! We had Rob Arnott on The Compound and Friends this week live at Future Proof! You can watch the new TCAF below or listen as a podcast.

Valuation 177

Valuation Economy Marketing Marketing 177

Abnormal Returns

OCTOBER 26, 2023

Markets Why aren't stocks down more? bestinterest.blog) 60/40 portfolios Where the valuation of the 60/40 portfolio stands. vox.com) Economy The U.S. economy grew at a 4.9% theirrelevantinvestor.com) The stock-bond correlation does one thing: it changes. (fa-mag.com) morningstar.com) Why the 60/40 portfolio endures.

Financial Advising 246

Financial Advising Valuation Portfolio Economy 246

Bell Investment Advisors

AUGUST 2, 2023

July saw a continuation of the global stock market recovery that began last October. and developed international stock markets increased by about 3%. Global small-cap stocks and emerging market equities, which had previously been weaker performers, delivered even better returns of 5% to 6%. bond market flat for the month.

Economy 52

Economy Valuation Investment Advisor Economics 52

Abnormal Returns

SEPTEMBER 14, 2023

Markets TIPS are on sale. wsj.com) Strategy Bull markets have four distinct stages. mrzepczynski.blogspot.com) Finance Arm Holdings ($ARM) shows the way forward for the IPO market. wsj.com) Databricks just raised fresh capital at a $43 billion valuation. morningstar.com) The rise in real interest rates is stunning.

Financial Advising 249

Financial Advising Advertising Economy Valuation 249

Abnormal Returns

SEPTEMBER 17, 2023

frontofficesports.com) Why seed stage valuations haven't dropped as much as you would think. politico.com) Why market economics doesn't necessarily work in health care. longreads.com) Populism is bad for a country's economy. marginalrevolution.com) Economy Shouldn't there be more layoffs by now?

Financial Advising 247

Financial Advising Valuation Economy Economics 247

Abnormal Returns

DECEMBER 20, 2023

Markets Six charts that defined markets in 2023. finance.yahoo.com) Hipgnosis is having a hard time coming up with song valuations. visualcapitalist.com) Economy The Fed is moderately tight. capitalspectator.com) The housing market remains bifurcated. axios.com) The Nasdaq 100 is just different. buy back shares?

Financial Advising 205

Financial Advising Valuation Media Economy 205

Validea

JULY 3, 2023

“The Fed’s goal is to destroy the economy in order to save it,” says Research Affiliates’ founder and chairman Rob Arnott in an interview with Fox Business News , using the biggest weapon in their arsenal—monetary policy—in order to tamp down inflation as much as they can. is the priciest stock market in the world. However, U.S.

Economy 52

Economy Valuation Marketing Marketing 52

Abnormal Returns

MARCH 20, 2024

marginalrevolution.com) Finance Private equity is stuck between elevated valuations high interest rates and a moribund IPO market. entertainmentstrategyguy.com) Global It's hard to put a positive spin on Brexit for the UK economy. spyglass.org) This is Apple's ($AAPL) brand promise.

Financial Advising 185

Financial Advising Startup Valuation Economy 185

Abnormal Returns

AUGUST 9, 2023

klementoninvesting.substack.com) Why are market cap weighted indices hard to beat for managers? axios.com) Venture capital Why more markdowns are coming to venture capital portfolio valuations. news.crunchbase.com) China China's economy is now experiencing deflation. vox.com) David Rubenstein on his Bitcoin regrets.

Financial Advising 179

Financial Advising Economy Valuation Consulting 179

Abnormal Returns

AUGUST 22, 2023

Markets The stock market is laser focused on interest rates. theirrelevantinvestor.com) Do market valuations mean revert over time? thediff.co) Why there's never a shortage of pundits willing to make a big market call. ft.com) It's hard to find much that is going well for the Chinese economy.

Financial Advising 217

Financial Advising Valuation Retail Media 217

Abnormal Returns

JANUARY 20, 2023

Markets What a 'breakaway momentum thrust' means for investors. ritholtz.com) India's stock market held up well in 2022. ft.com) Startups How unicorns are dealing with the decline in valuations. theinformation.com) The bloom is off the 'passion economy' rose? ft.com) Economy Existing home sales plunged in December.

Investing 218

Investing Investments Startup Financial Advising 218

Abnormal Returns

MAY 26, 2023

wsj.com) Investors have poured some $600 billion into money market funds YTD. barrons.com) Strategy The stock market is long term proposition. tomtunguz.com) Morgan Housel, "Companies should want the valuation they deserve, and not a penny more." nytimes.com) Lower natural gas prices are helping buoy the global economy.

Financial Advising 205

Financial Advising Valuation Retail Economy 205

Abnormal Returns

JANUARY 3, 2023

Markets How major asset classes performed in December 2022. 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) The UK has 'deconverged' from the rest of the global economy.

Startup 190

Startup Valuation Financial Advising Distribution 190

Abnormal Returns

JULY 28, 2023

Markets More signs that the U.S. stock market is overbought. tomtunguz.com) With valuations down, why aren't big tech companies buying more startups? reasonstobecheerful.world) Economy The Fed's favorite inflation indicator, the PCE, moderated in June. capitalspectator.com) The Series I savings bond frenzy is over.

Financial Advising 183

Financial Advising Startup Valuation Media 183

Abnormal Returns

JANUARY 30, 2023

Markets How worried should investors be about the debt ceiling drama? No, but the options market is changing. awealthofcommonsense.com) Rubin Miller, "The stock market is brashly indifferent to our opinions." nytimes.com) Funds How the launch of the SPDR S&P 500 ETF Trust ($SPY) changed financial markets.

Financial Advising 216

Financial Advising Media Valuation Economy 216

Abnormal Returns

JUNE 25, 2023

Markets Wall Street strategists views on the market can differ in the short and long term. tker.co) You can't take historical stock market statistics to the bank. riabiz.com) Companies Nvidia's ($NVDA) valuation has gotten ahead of itself. riabiz.com) Companies Nvidia's ($NVDA) valuation has gotten ahead of itself.

Financial Advising 206

Financial Advising Valuation Retail Media 206

Truemind Capital

AUGUST 12, 2023

Equity Market Insights : Where is the recession? Despite being widely expected for many months, the recession has yet to materialize in the US and other developed economies. The recent rally in the market has made the valuations more expensive compared to historical standards. Sensex went up by 9.5%

Financial Market 52

Financial Market Asset Allocation Marketing Marketing 52

Cornerstone Financial Advisory

FEBRUARY 26, 2024

Weekly Market Insights: Stocks Hit New Highs On AI’s Promise Presented by Cornerstone Financial Advisory, LLC Stocks vaulted to new heights last week on the back of an artificial intelligence (AI) semiconductor company, marking investors’ belief that AI has the potential to transform the U.S. stock market. Inflection Point?

Marketing 88

Marketing Marketing Economics Taxes 88

Nationwide Financial

APRIL 3, 2023

Thoughts Equity markets delivered their third-straight weekly gain, continuing to exhibit remarkable resilience given continued uncertainty in the banking system, Fed policy, macro conditions, interest rates, and inflation. March saw an equity market gain for the fourth time in six months, with the S&P 500 returning 7%.

Marketing 105

Marketing Marketing Valuation Economics 105

Truemind Capital

JANUARY 16, 2024

Equity Market Insights: “Investing is 5% intellect and 95% temperament. With the equity market seeing a rapid rise over the last quarter, a few investors start getting the feeling of missing out after hearing the stories in their social circle, thus wanting to get more aggressive towards equity at the wrong time.

Financial Market 52

Financial Market Marketing Marketing Asset Allocation 52

Abnormal Returns

AUGUST 6, 2023

Markets Cullen Roche, "This has been one of the more fascinating years in economic and market history." fastcompany.com) Hunter Walk, "We are absolutely not through the worst of the pain from the market reset." nytimes.com) Economy How political affiliation has polluted economic sentiment.

Financial Advising 234

Financial Advising Startup Economics Valuation 234

The Big Picture

NOVEMBER 5, 2022

We discuss Chancellor’s history as an analyst interested in speculative bubbles, which led him to write a research paper on valuations and why the dotcom bubble looks a lot like other historical bubbles. That eventually was expanded into Devil Take the Hindmost published in 1999, a few quarters before the bubble popped.

Valuation 303

Valuation Economy Management Marketing 303

Truemind Capital

APRIL 21, 2023

Equity Market Insights: The last quarter has seen one of the major shakeups from the prevailing easy situation over the last decade for the global economies. Thankfully, the Governments intervened to avoid major spillover effects on the overall economy. The Adani saga also aggravated volatility. 5%) and by RBI (25 bps to 6.5%).

Financial Market 52

Financial Market Marketing Marketing Asset Allocation 52

Advisor Perspectives

APRIL 4, 2024

The economy, inflation, interest rates and market valuations drive the key questions facing advisors. Is now the time to increase allocations to international Markets? Does the tech stock landscape mirror the boom of 1996 or the bust of 2000? What will be the impact of Meta's inaugural dividend payment?

Valuation 64

Valuation Retail Economy Banking 64

Carson Wealth

JULY 27, 2022

Bear market. It all added up to the third most volatile market in 25 years. And while the economy isn’t going to just turn on a dime and recover overnight, there is hope for a better second half of the year. Valuations Could Move to a More Normal Range . High inflation. Continual losses in the S&P 500.

Marketing 98

Marketing Marketing Valuation Economy 98

Validea

SEPTEMBER 30, 2022

Stock prices have been dropping recently because of lower valuations driven by rising rates and Wall Street is still forecasting solid profit growth in 2023. As the bear market marches on, the main question becomes how much the risk of recession has already been priced into earnings.

Marketing 59

Marketing Marketing Valuation Economy 59

Advisor Perspectives

AUGUST 8, 2023

Coming into the year, over 60% of economists expected the economy to enter a recession in 2023. But the economy’s resilience, particularly in the wake of aggressive rate hikes, has surprised the market and supported better than expected earnings growth and the equity rally year-to-date.

Valuation 40

Valuation Economy Marketing Marketing 40

Carson Wealth

JANUARY 22, 2024

Setting all-time highs is generally supportive for markets, and they’re even better if it’s been a year or more since the last one. As discussed in our 2024 Market Outlook, we believe the rate cuts would support a 4-6% total return for the Bloomberg U.S. The previous record high was set on Jan. They are perfectly normal.

Marketing 97

Marketing Marketing Economy Portfolio 97

Cornerstone Financial Advisory

MARCH 11, 2024

Weekly Market Insights: Markets Take A Breather After Mixed Week Presented by Cornerstone Financial Advisory, LLC Stocks were down for the week as investors appeared to take some profits and traders parsed Fed Chair Jerome Powell’s Congressional testimony. The S&P 500 and Nasdaq rallied, with the S&P hitting a record close.

Marketing 80

Marketing Marketing Insurance Taxes 80