The Reformed Broker
NOVEMBER 8, 2022
A lot of reporters and public intellectuals were writing their obituaries for Twitter this weekend. First, we saw the revolt of the Blue Checkmarks. Then, the first inklings of an advertiser exodus. The timing of all this – on the eve of a midterm election that will determine whether or not Americans actually care about democracy – could not have been more ominous.
Calculated Risk
NOVEMBER 8, 2022
Here is another monthly update on framing lumber prices. This graph shows CME random length framing futures through November 8th. Lumber was at $447 per 1000 board feet this morning. This is down from the peak of $1,733, and down 33% from $663 a year ago. Prices are close to the pre-pandemic levels of around $400. Click on graph for larger image. There is somewhat of a seasonal demand for lumber, and lumber prices usually peak in April or May, although prices peaked much earlier this year.
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The Big Picture
NOVEMBER 8, 2022
My Two-for-Tuesday morning train WFH reads: • Why Mid-Terms Matter More Than Presidential Elections — At Least for Investors : A study tracking elections back to the advent of the U.S. republic reveals some intriguing trends. ( Institutional Investor ) see also What Will the Midterms Mean for Big Business? The G.O.P. and corporate America, longtime allies, are showing signs of a breakup — which recent polls suggest will likely play out with a Republican House. ( Dealbook ). • Amazon CEO Andy Jas
Calculated Risk
NOVEMBER 8, 2022
From Dodge Data Analytics: Dodge Momentum Index Continues to Climb in October he Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 9.6% (2000=100) in October to 199.7 from the revised September reading of 182.2. During the month, the DMI continued its steady ascent, with the commercial component rising 13%, and the institutional component ticking up 2.9%.
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Where are top advisors focusing in 2025? AcquireUp’s 2025 Industry Index reveals it all. Based on insights from 200+ financial professionals nationwide, discover why 74% say seminars and referrals deliver the best ROI, how automation is helping advisors scale faster, and why only 8% are tapping into niche marketing (a major growth opportunity!). Whether you're refining your client acquisition strategy or scaling your practice, this report gives you the real-world data, benchmarks, and action ste
Wealth Management
NOVEMBER 8, 2022
In a discussion with WealthManagement.com, Hugh Berkson said the organization will continue to raise awareness of the issue of unpaid arbitration awards and the alleged misuse of forced arbitration clauses by RIAs.
Mish Talk
NOVEMBER 8, 2022
FTX chart courtesy of CoinDesk. Price points added by Mish. What's Going On? The Wall Street Journal reports Crypto Exchange Binance to Acquire Rival FTX Cryptocurrency exchange FTX, just months removed from looking like a shining survivor in a struggling industry, succumbed Tuesday to a sudden liquidity crunch of its own and was taken over by rival Binance.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
NOVEMBER 8, 2022
On Thursday, the BLS will release inflation data for October. The consensus is for a 0.7% increase in CPI, and a 0.5% increase in core CPI. The consensus is for CPI to be up 8.0% year-over-year and core CPI to be up 6.6% YoY. Here is a preview from Goldman Sachs economists Manuel Abecasis and Spencer Hill: We expect a below-consensus 0.44% increase in core CPI in October (vs. 0.5% consensus), which would lower the year-on-year rate to 6.46% (vs. 6.5% consensus).
Wealth Management
NOVEMBER 8, 2022
Available capital will support “flood” of recruits in new year.
Pragmatic Capitalism
NOVEMBER 8, 2022
1) Is the bond bottom finally in? I’ve been surprised by how fast the Fed moved this year.
Wealth Management
NOVEMBER 8, 2022
In a discussion with WealthManagement.com, Hugh Berkson said the organization will continue to raise awareness of the issue of unpaid arbitration awards and the alleged misuse of forced arbitration clauses by RIAs.
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.
A Wealth of Common Sense
NOVEMBER 8, 2022
The most important skill in finance has nothing to do with math. Creating the best discounted cash flow models in the world won’t help you raise assets from prospective clients. No one really cares about your Microsoft Excel skills if you can’t explain what they’re good for. Spreadsheets aren’t nearly as important as soft skills.
Wealth Management
NOVEMBER 8, 2022
PREIT CEO Joseph Coradino talks with Commercial Property Executive about where regional malls are heading. Community-owned commercial real estate is gaining in popularity, according to Next City. These are among today’s must reads from around the commercial real estate industry.
Abnormal Returns
NOVEMBER 8, 2022
ETFs How Jane Street became an ETF market making powerhouse. (frontmonth.substack.com) Should firms consider launching your own ETF? (alphaarchitect.com) What time of day are ETFs most liquid? (wsj.com) ESG Why ESG ratings can vary so widely. (wsj.com) A backlash is here, but ESG isn't going anywhere. (morningstar.com) Intangibles The stock market has a tendency to undervalue political capital, i.e. lobbying and donations.
Wealth Management
NOVEMBER 8, 2022
Based in Little Rock, Gutierrez Wealth Advisory principals oversaw nearly $1 billion at the wirehouse.
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.
Abnormal Returns
NOVEMBER 8, 2022
Markets China's stock market is moving based on Covid rumors. (qz.com) Lumber prices are back down to pre-pandemic levels. (calculatedriskblog.com) Strategy Why "A Random Walk Down Wall Street" by Burton Malkiel is a great book for novice investors. (citywire.com) Sometimes as an investor you just get lucky: the case of Twitter. (morningstar.com) Crypto Binance is buying FTX.
Wealth Management
NOVEMBER 8, 2022
Smaller brands still have an opportunity to differentiate through investment comparison tools, immediate access to client information and access to information on ESG issues.
The Reformed Broker
NOVEMBER 8, 2022
Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ?Binance acquiring FTX! – Twitter feud between the CEOs of FTX and Binance has blown up. ?Election Night – Big changes ahead? ?Poof – The once high-flying Covid stocks have lost 90% of their market c.
Wealth Management
NOVEMBER 8, 2022
They’re adding fuel to a fire that’s already sent one measure of rates volatility to near the highest level since the global financial crisis.
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.
The Reformed Broker
NOVEMBER 8, 2022
Final Trades: Uber, IBM, Stryker & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
Wealth Management
NOVEMBER 8, 2022
The solution is simple: start with what you know.
Nerd's Eye View
NOVEMBER 8, 2022
Welcome back to the 306th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Cean Kenefick-Rogers. Cean is the CEO and co-founder of Ironwood Wealth Management, an independent RIA based in Chandler, Arizona that oversees just under $550 million of assets under management, for nearly 500 households. What's unique about Cean, though, is how the path that he and his partners took to break away from the insurance and brokerage worlds to run their own independent RIA in
Wealth Management
NOVEMBER 8, 2022
FiComm Partners' Candice Carlton, and Hightower's Doug Besso, discuss how their own firms and the fastest growing advisors they work with are leveraging technology to successfully engage with clients.
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Calculated Risk
NOVEMBER 8, 2022
Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in October A brief excerpt: This is the first look at local markets in October. I’m tracking about 35 local housing markets in the US. Some of the 35 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.
Wealth Management
NOVEMBER 8, 2022
Tuesday, November 29, 2022 | 4:15 PM ET
Clever Girl Finance
NOVEMBER 8, 2022
Think you don’t have enough money to start investing? Think again! You can learn how to start investing even if you start your investing journey with just $100. Although the amount you invest might start out small, it can be a turning point in your finances. Investing money for beginners doesn't have to be hard either! When you decide to start investing, the most important part of the process is educating yourself.
Wealth Management
NOVEMBER 8, 2022
For Equity Residential’s $2.5 billion backup line of credit known as a revolver, lenders have historically treated the process like a formality or an administrative task, Chief Financial Officer Robert Garechana said in an interview. This time, there were many more discussions, often focusing on what business banks would get from the company in return, he said.
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Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
Trade Brains
NOVEMBER 8, 2022
Five Star Business Finance IPO Review: Five Star Business Finance Ltd is coming up with its Initial Public Offering. The IPO will open for subscription on November 9th, 2022, and close on November 11th, 2022. It is looking to raise Rs.1,960.01 Crores. In this article, we will look at the Five Star Business Finance IPO Review 2022 and analyze its strengths and weaknesses.
Wealth Management
NOVEMBER 8, 2022
Fearful of shortages, retailers including Gap Inc. and Nike Inc. ordered extra and did so earlier than usual, but a combination of poor forecasting and inflation-stung shoppers created massive gluts.
Clever Girl Finance
NOVEMBER 8, 2022
there's no better way to recharge than with some good old time off. Not to worry if your budget is tight, our staycation ideas are here to save the day! Whatever the case, know that there are options. In this article, we'll discuss some fun staycation ideas that will leave you refreshed and ready to get back to work in no time! Why staycation ideas are great.
Alpha Architect
NOVEMBER 8, 2022
Standardized Performance. Factor Performance. Factor Exposures. Factor Premiums. Factor Attribution. Factor Data Downloads. Global Factor Performance: November 2022 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
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