The Reformed Broker
FEBRUARY 28, 2023
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: ►Berkshire Letter – “Buffett went after the buyback people” ►Bad Year for 401(k)s – “New Fidelity data show a steep drop in seven-figure account balances.” ►Back to Basics – & The post Warren Buffett Strikes Back!
Abnormal Returns
FEBRUARY 28, 2023
Markets The stock market cares more about inflation than rates. (awealthofcommonsense.com) Desperate investors don't do well. (onveston.substack.com) Finance Bain on the state of the private equity industry. (ft.com) Why Goldman Sachs' ($GS) retail push failed. (cnbc.com) Apple How Apple ($AAPL) uses ML and AI. (macworld.com) Gen Z around the world loves the iPhone.
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The Reformed Broker
FEBRUARY 28, 2023
Final Trades: JPMorgan, Target, Wynn Resorts & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
Calculated Risk
FEBRUARY 28, 2023
The FDIC released the Quarterly Banking Profile for Q4 2022: Reports from 4,706 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reflect aggregate net income of $68.4 billion in fourth quarter 2022, a decrease of $3.3 billion (4.6 percent) from the third quarter. Lower noninterest income and higher provision expenses offset an increase in net interest income.
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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.
Alpha Architect
FEBRUARY 28, 2023
In this article, the authors examine the research on the benefits of international diversification. Some argue that because equity markets generally crash simultaneously, there are no benefits to having equity diversification. The evidence from this paper rejects this hypothesis. Does International Diversification Work? was originally published at Alpha Architect.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
FEBRUARY 28, 2023
Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index "Decline Continued" to 5.8% year-over-year increase in December Excerpt: Both the Case-Shiller House Price Index (HPI) and the Federal Housing Finance Agency (FHFA) HPI for December were released today. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).
Wealth Management
FEBRUARY 28, 2023
Financial advisor John Poulos was fired from Vanguard and stripped of his CFP designation after being arrested for a homicide near Bogota, Columbia. He was caught in Panama on his way to Turkey, according to reports.
Nationwide Financial
FEBRUARY 28, 2023
The spike in job creation and consumer spending in January showed that the slower trend of economic growth at the end of 2022 did not carry into the new year. However, the accelerated pace of activity is too fast to meaningfully slow inflation and further complicates the Fed’s goal to produce price stability. This likely means even more tightening over the first half of 2023, ironically increasing the odds of a harder landing.
A Wealth of Common Sense
FEBRUARY 28, 2023
I did an interview with Janet Alvarez for The Business Briefing on SiriusXM last week and she asked me for something I’m thinking about that not a lot of investors are talking about at the moment. It’s kind of hard to find something no one is talking about because so many people are talking all the time now what with 24-hour financial news channels, a plethora of financial media companies, blogs, Substacks, ne.
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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.
MarketWatch
FEBRUARY 28, 2023
The rate on the 6-month T-bill jumped to 5.140% on Tuesday morning and headed for its highest level since February 2007, according to Tradeweb. Short-term rates rose after data from France and Spain showed inflation to be persistently stubborn outside the U.S., suggesting the need for continued tightening by central banks. The 6-month rate ended the New York session at 5.152% on Feb. 26, 2007.
Wealth Management
FEBRUARY 28, 2023
Mercer CEO Dave Welling says the new brokerage will help it better serve prospective clients and M&A prospects with long-standing commission-based assets at outside broker/dealers.
Andrew Thrasher
FEBRUARY 28, 2023
Momentum indicators are widely used by most technicians. There’s a wide variety of applications of momentum. Some look at high-low ranges, closing values only, various lookback periods, smoothed values with the inclusion of moving averages.
The Irrelevant Investor
FEBRUARY 28, 2023
Today’s Animal Spirits is brought to you by YCharts: Enter your information here to get 20% off YCharts (new clients only) On today’s show, we discuss: 10 years of A Wealth of Common Sense The most important charts for 2023 Soft landing? More like no landing Apartment rents fall as rush of new supply hits market There’s no going back to the old normal Tightening monetary policy and patterns of consumpt.
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.
Wealth Management
FEBRUARY 28, 2023
Real estate borrowers are looking for creative solutions when refinancing amid a volatile lending landscape, reports RE Business Online. Federal Reserve economists warned about CRE valuations taking a tumble. These are among today’s must reads from around the commercial real estate industry.
Clever Girl Finance
FEBRUARY 28, 2023
It’s happening again. It’s the end of another month, and you aren’t sure why you can make any progress on your monthly financial goals. Maybe you overspent on a housing project or didn’t account for a last-minute expense, but your budget got blown again. While many conventional money methods are about spreadsheets and spending apps, that doesn’t work for you.
Wealth Management
FEBRUARY 28, 2023
New York-based Ritholtz Wealth Management will take over the direct-to-consumer robo business from FutureAdvisor.
Million Dollar Round Table (MDRT)
FEBRUARY 28, 2023
By Matt Pais, MDRT Content Specialist Not long after he came to the U.S. from India, Devang Patel, CFP, CLU , broke his leg playing volleyball. He had no health insurance, and his parents weren’t able to pay his medical bills. To Patel’s surprise, the doctor said, ”No charge – just pay it forward.” “They could have given me a payment plan or asked me to pay later.
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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.
Wealth Management
FEBRUARY 28, 2023
Any benefit from incorporating ESG credentials into a portfolio is already captured by other well-defined equity factors.
Advisor Perspectives
FEBRUARY 28, 2023
With this morning's release of the December S&P/Case-Shiller Home Price Index, we learned that seasonally adjusted home prices for the benchmark 20-city index saw a 0.51% decrease month-over-month (MoM), matching the Investing.com forecast, and a 4.67% increase year-over-year (YoY). After adjusting for inflation, the MoM was reduced to -1.3% and the YoY was reduced to -2.7%.
eMoney Advisor
FEBRUARY 28, 2023
It would be difficult to create a holistic financial plan for any client without a full picture of their financial lives. Account aggregation gives financial professionals—and their clients—a complete and centralized view of the client’s financial information. At a minimum, this allows for more personalized advice, the potential to identify assets held away, and to effectively monitor the client’s overall financial progress.
MarketWatch
FEBRUARY 28, 2023
Nishad Singh, co-founder and former head of engineering at bankrupt crypto exchange FTX, pleaded guilty to six criminal charges, including conspiring to commit securities and commodities fraud on Tuesday, according to several media reports. Singh has also agreed to cooperate against his former boss Sam Bankman-Fried, former chief at FTX, according to a report by the Wall Street Journal.
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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!
Wealth Management
FEBRUARY 28, 2023
The newly-released tool seeks to automate multiple compliance processes, including share class monitoring.
MarketWatch
FEBRUARY 28, 2023
U.S. stocks were trading mostly lower Tuesday afternoon, with a focus on inflation that’s been hard to tame reigniting concerns on Wall Street about the potential need for more restrictive monetary policies than earlier anticipated. The Dow Jones Industrial Average DJIA was down 181 points, or 0.6%, near 32,709, while the S&P 500 index SPX was off 0.1% and the Nasdaq Composite Index COMP was 0.3% higher, according to FactSet data.
Calculated Risk
FEBRUARY 28, 2023
S&P/Case-Shiller released the monthly Home Price Indices for December ("December" is a 3-month average of October, November and December closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P: S&P Corelogic Case-Shiller Index Decline Continued in December The S&P CoreLogic Case-Shiller U.S.
MarketWatch
FEBRUARY 28, 2023
Novavax Inc. NVAX shares shares sank in the extended session Tuesday after the biotech drug maker posted a wider-than-expected loss and reorganized with the appointment of a new chief executive. Novavax shares fell as much as 25% after hours, following a 6.8% rise in the regular session to close at $9.26. The company reported a fourth-quarter loss of $182.3 million, or basic net income of $2.28 a share, compared with a loss of $846.3 million, or basic net income of $11.18 a share, in the year-ag
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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.
Wealth Management
FEBRUARY 28, 2023
Target stores were designed to encourage impulse buying so that a one-item trip multiplies into a shopping spree.
MarketWatch
FEBRUARY 28, 2023
Shares of Target Corp. TGT rose 0.7% in premarket trading Tuesday, reversing earlier declines, after the discount retailer reported beat fiscal fourth-quarter profit expectations and a surprise increase in revenue, but provided a downbeat profit view. Net income for the quarter to Jan. 28 fell to $876 million, or $1.89 a share, from $1.54 billion, or $3.21 a share, in the year-ago period.
Advisor Perspectives
FEBRUARY 28, 2023
Fifth district manufacturing decreased in February, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index is at -16 in February, down 5 from January. This is worse than the Investing.com forecast of -6.
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