Tue.Nov 08, 2022

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Twitter is cigarettes

The Reformed Broker

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.

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Crypto Crash Is Led by a Whopping 88 Percent Plunge in FTX

Mish Talk

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.

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Research links: return on capital

Abnormal Returns

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.

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Stocks Rally Into Gridlock

The Reformed Broker

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.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Tuesday links: playing on the margins

Abnormal Returns

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.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Uber, IBM, Stryker & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Update: Framing Lumber Prices Close to Pre-Pandemic Levels

Calculated Risk

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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Three Things I Think I Think – Is This The Bottom?

Pragmatic Capitalism

1) Is the bond bottom finally in? I’ve been surprised by how fast the Fed moved this year.

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Leading Index for Commercial Real Estate Increases in October

Calculated Risk

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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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

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The Most Important Skill in Finance

A Wealth of Common Sense

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.

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New PIABA President Looks Toward Investors’ Volatility Concerns

Wealth Management

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.

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Animal Spirits: No Soft Landing

The Irrelevant Investor

Today’s Animal Spirits is brought to you by YCharts: Enter your information here to claim a FREE YCharts Professional account through December 16th, 2022 (first 100 submissions) On today’s show we discuss: The US House of Representatives Committee on Financial Services’ letter to Powell Fed Cheif Powells Postmeeting Press Conference Feds Kashkari: Jobs report shows why more rate hikes needed CEO Patrick Coll.

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Five Star Business Finance IPO Review – GMP, Strengths & More!

Trade Brains

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.

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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

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.

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Investing Money For Beginners: How To Start Investing Today!

Clever Girl Finance

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.

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New PIABA President Looks Towards Investors’ Volatility Concerns

Wealth Management

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.

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29 Staycation Ideas Your Budget Will Love!

Clever Girl Finance

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.

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11 Must Reads for the CRE Industry Today (Nov. 9, 2022)

Wealth Management

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.

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Transforming Lending: Understanding the Power of Digital Platforms

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.

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Let ESG Client Returns Speak for Themselves

Advisor Perspectives

There is a long history that proves ESG’s viability and more than 2,000 empirical studies that show little absolute difference in performance by adopting it as a criterion for analysis.

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J.D. Power: Largest Asset Managers Dominate in Advisor Digital Experience

Wealth Management

Smaller brands still have an opportunity to differentiate through investment comparison tools, immediate access to client information and access to information on ESG issues.

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CPI Preview and Owners' equivalent rent

Calculated Risk

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).

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Wealthies Circle Podcast: Harnessing the Power of Digital to Engage and Serve Clients

Wealth Management

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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Quick Start Guide to a Crystal Clear Close

Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

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Learning how staff members like to communicate

Million Dollar Round Table (MDRT)

By Carla Brown, FPFS As a team, we’ve done personality profiling of our team members, looking at how they like to be communicated with. It took me awhile to realize that not everybody communicates the same way I do, and I can be a little bit direct sometimes. So, understanding how other people like to be communicated with has been a real eye-opener for me, the leadership team and the business.

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CRE Lenders Search for Creative Solutions to Keep Capital Flowing

Wealth Management

Higher interest rates and tightened underwriting standards have created an opportunity for short-term and gap lending solutions.

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Global Factor Performance: November 2022

Alpha Architect

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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Wall Street’s Alchemists Turbocharged Wild Swings in Treasuries

Wealth Management

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.

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The Blueprint for a Customer-Centric Digital Lending Experience

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.

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Email Marketing For B2B: 8 Tips To Grow Your Business With Email

Steven J. Wilson

Email marketing for B2B is one of the most effective ways to reach out to potential customers and grow your business. However, knowing where to start or what strategies work best can be difficult. Regardless of industry, there are some key tips that any business owner or marketer can use to improve their email marketing. Read more. The post Email Marketing For B2B: 8 Tips To Grow Your Business With Email appeared first on Steven J.

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Father-Son Team Leaves UBS to Start Independent Practice with TruClarity

Wealth Management

Based in Little Rock, Gutierrez Wealth Advisory principals oversaw nearly $1 billion at the wirehouse.

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Email Marketing For Real Estate: 8 Tips To Sell More Homes

Steven J. Wilson

Email marketing for real estate agents and brokers can be a great way to sell more homes and properties. The customer journey can be long in real estate, and your email list is a valuable tool to nurture leads and convert them into customers and get those coveted word-of-mouth referrals. It will take more than. Read more. The post Email Marketing For Real Estate: 8 Tips To Sell More Homes appeared first on Steven J.