The Big Picture
NOVEMBER 11, 2022
Yesterday’s explosive move higher was exactly what I was referring to last month in Groping for a Bottom , when I suggested the risks were asymmetrical in : “The risk here feels asymmetric : The downside appears to me as a potential grind lower — the Fed overtightens, then keeps over-tightening; maybe earnings miss badly; That mild recession we have been discussing — what if it turns out to be much worse than expected?
Wealth Management
NOVEMBER 11, 2022
More and more affluent investors are starting their search for an advisor online.
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The Big Picture
NOVEMBER 11, 2022
The 7 Series is all new and redesigned, with your choice of electric or traditional ICE powertrains: the 740i is a rear-drive, 3.0-liter BMW TwinPower Turbo inline 6-cylinder that makes 375 HP; the 760i xDrive Sedan is all-wheel drive, with a 4.4-liter BMW TwinPower Turbo V-8 engine making 536HP. But the top of the line is now an all-electric luxury sedan: the i7 starting at $119,300, producing 536 HP, with a range that is about 300 miles. 0-60 MPH only takes 4.5 seconds.
Wealth Management
NOVEMBER 11, 2022
Strategic wealthtech and advisory firms should always be scanning “waivers” for experienced talent
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Abnormal Returns
NOVEMBER 11, 2022
The biz Podcasts are great way to reach a business-oriented audience. (trungphan.substack.com) How Spotify ($SPOT) has maintained its audio lead. (cnbc.com) Financial history Barry Ritholtz talks with Edward Chancellor authof of “The Price of Time: The Real Story of Interest.” (ritholtz.com) Allison Schrager talks with William Goetzmann about how finance enabled civilization.
Wealth Management
NOVEMBER 11, 2022
The firm’s executives said they are pressing forward on the path toward becoming a national RIA, lowering platform fees, bringing commission trails in-house, expanding capital options for the affiliated businesses, and bulking up its suite of services designed for fee-based advisors.
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Wealth Management
NOVEMBER 11, 2022
It was the largest combined influx the two biggest ETFs in the category have ever received.
Abnormal Returns
NOVEMBER 11, 2022
Strategy Now is the time to clear out all your bad trades before the new bull market gears up. (neckar.substack.com) The best asset allocation is one you can stick with. (awealthofcommonsense.com) FTX FTX has filed for bankruptcy. (nytimes.com) FTX, SBF and affiliates made all manner of investments. (fortune.com) What VCs lost with the FTX implosion.
Wealth Management
NOVEMBER 11, 2022
The leverage and other aspects everyone tut-tuts about after-the-fact are essential for economic progress.
The Reformed Broker
NOVEMBER 11, 2022
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Warren Pies, and Downtown Josh Brown discuss the latest in markets, inflation, the effects of seasonality, what could be next, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Wealth Management
NOVEMBER 11, 2022
As the world awaits the final result of the US midterms, the finance industry is trying to figure out how vulnerable the outcome will leave it.
Calculated Risk
NOVEMBER 11, 2022
Today, in the Calculated Risk Real Estate Newsletter: Current State of the Housing Market; Overview for mid-November A brief excerpt: Over the last month … 1. New listings have declined further year-over-year. 2.Mortgage rates had increased further but declined this week. 3. House prices are declining month-over-month (MoM) as measured by the repeat sales indexes.
Wealth Management
NOVEMBER 11, 2022
Thursday, December 01, 2022 | 11:00 AM ET
Pragmatic Capitalism
NOVEMBER 11, 2022
Here’s a new Three Minute Money video on the Triffin Dilemma and why it matters more than ever.
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Mish Talk
NOVEMBER 11, 2022
Image of Sam Bankman-Fried and Bill Clinton courtesy of CoinDesk. CoinDesk reports Washington, D.C.’s Buddy Sam Bankman-Fried Has Some Explaining to Do. FTX was a big donor to Democrats in the mid-term elections. FTX hit an all-time high of $85 on Sept. 9, 2021 but may soon be worthless. It is the biggest plunge ever in market cap. FTX Files for Bankruptcy It's all over for FTX.
Calculated Risk
NOVEMBER 11, 2022
It is early in Q4. we will have more estimates next week. From BofA: [Forecast 1.0% in Q4 ] Overall, the data since our last weekly publication pushed down our 3Q GDP tracking estimate from 3.1% q/q saar (seasonally adjusted annual rate) to 3.0% q/q saar. Looking ahead to next week, there are a number of data releases that could affect 3Q tracking, including retail sales on Wednesday, which will also kick-off our 4Q tracking.
Mish Talk
NOVEMBER 11, 2022
Let's compare the above capture to recent statements. 100% Liquid and 100% Bankrupt Here is a fascinating development. " FTX US, the US based exchange that accepts Americans, was not financially impacted by this sh*tsh*w. It's 100% liquid. Every user could fully withdraw (modulo gas fees etc). Updates on its future coming. " FTX US is 100% liquid and 100% bankrupt.
Alpha Architect
NOVEMBER 11, 2022
A Veteran's Day Blog. This summer, The Basic School in Quantico, Virginia unveiled a memorial, honoring lieutenants that were killed in Operation Iraqi Freedom and Operation Enduring Freedom. Of Bronze and Blue was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Speaker: Erroll Amacker
Automation is transforming finance but without strong financial oversight it can introduce more risk than reward. From missed discrepancies to strained vendor relationships, accounts payable automation needs a human touch to deliver lasting value. This session is your playbook to get automation right. We’ll explore how to balance speed with control, boost decision-making through human-machine collaboration, and unlock ROI with fewer errors, stronger fraud prevention, and smoother operations.
Calculated Risk
NOVEMBER 11, 2022
From CoStar: STR: Calendar Shift Causes Weekly US Hotel Occupancy To Fall As expected due to the Halloween calendar shift, U.S. hotel performance came in lower than the previous week and showed weakened comparisons to 2019, according to STR‘s latest data through Nov. 5. Oct. 30 through Nov. 5, 2022 (percentage change from comparable week in 2019*): • Occupancy: 62.4% (-9.2%) • Average daily rate (ADR): $147.48 (+11.4%) • Revenue per available room (RevPAR): $91.99 (+1.1%) While none of the Top 2
A Wealth of Common Sense
NOVEMBER 11, 2022
This is how Americans spend their money1 (according to a study by the Bureau of Labor Statistics): Like most aggregates when you’re dealing with hundreds of millions of people, everyone’s spending is probably somewhat different than these averages. But directionally these numbers look right to me from a big-picture perspective. The two biggest line items for the majority of households are housing and transpor.
The Irrelevant Investor
NOVEMBER 11, 2022
When there is a big news release, I like to look at the market’s response before seeing the numbers. I’m more interested in the reaction to the news than the news itself.* One month ago I was driving into the city with Josh, waiting on the CPI report with my face glued to my phone. Futures tanked at 8:30, and I knew inflation came in hotter than expected.
Walkner Condon Financial Advisors
NOVEMBER 11, 2022
2022 has been a difficult and trying year for stock and bond indexes in both emerging and developed markets. We are on pace to post the first double-digit loss in the major US markets since 2008. After a run of 13 years, it is understandable for investors to want to close their eyes and wait for the storm to pass. However, in times of market runoffs, it is important to review your finances and check the boxes on year-end tasks to ensure you are well-positioned for when the markets rebound.
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Advisor Perspectives
NOVEMBER 11, 2022
It’s time to take a fresh look at advisor meetings.
Clever Girl Finance
NOVEMBER 11, 2022
When you don’t know exactly what you want, how will you know when you have it? That problem is precisely why it’s so important to find clarity in your life. Getting clarity to achieve your life’s goals is possible. Sometimes we find ourselves feeling lost in life , drifting along. Maybe we have some clue about what we actually want to achieve, or maybe we feel completely aimless.
Advisor Perspectives
NOVEMBER 11, 2022
Here are some suggestions to consider when remarrying.
Random Roger's Retirement Planning
NOVEMBER 11, 2022
I wanted to circle back to a couple of things from yesterday's post. First, the growing pains at Twitter. They are selling blue check "verification" for $8/mo. I'm pretty sure there is no vetting going on and this happened. It's fake but still caused a 5% decline in the shares of Eli Lilly (LLY). It also took down client holding Novo-Nordisk (NVO) down 5% too.
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Advisor Perspectives
NOVEMBER 11, 2022
Early this week, with the severe inverted yield curve and other signals flashing recession, I planned to use this letter to delve into the data. Then Thursday’s CPI data convinced markets to blow the all-clear whistle.
NAIFA Advisor Today
NOVEMBER 11, 2022
We're proud to announce Roger Sims, CLU, LUTCF , has received NAIFA's 2022 Q3 Membership Hard Hat Award.
Advisor Perspectives
NOVEMBER 11, 2022
Offer more ways clients may achieve their retirement plan goals while helping address the diverse investment needs of participants. Learn about our industry-leading investments and expertise—featuring more default options and more personalized asset allocation.
Integrity Financial Planning
NOVEMBER 11, 2022
Settling down for retirement after many years of work can feel like a sigh of relief, a moment to catch your breath and slow down. However, this shift in lifestyle can also bring up feelings of sadness, anxiety, and loss of purpose. Studies show that a third of retirees develop symptoms of depression, [1] especially those who have lost a spouse, live alone, retired unexpectedly, [2] or are simply struggling to adjust.
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