Wed.Jan 18, 2023

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NAHB: Builder Confidence Increased in January

Calculated Risk

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 35, up from 31 last month. Any number below 50 indicates that more builders view sales conditions as poor than good. From the NAHB: Builder Confidence Uptick Signals Turning Point for Housing Lies Ahead A modest drop in interest rates helped to end a string of 12 straight monthly declines in builder confidence levels, although sentiment remains in bearish territory as builders continue to grapple with

Sales 350
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Believe It or Not, It’s a Great Time To Be a Financial Advisor

Wealth Management

Now is an opportunity to grow your practice and prepare it for future success.

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MBA: Mortgage Applications Increase in Latest Weekly Survey

Calculated Risk

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 27.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 13, 2023. The Refinance Index increased 34 percent from the previous week and was 81 percent lower than the same week one year ago.

Marketing 313
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For Lower Inflation, Stop Raising Rates

The Big Picture

Last week, I discussed the December CPI print; it showed further evidence that inflation is coming down substantially. But I had to point out this was not because of the Fed, but despite their actions. If anything, they are making price increases worse. In particular, they are driving prices higher in the rental market. Today, the Producer Price Index and Consumer Retail Sales both showed the economy is decelerating and not on an inflation-adjusted basis.

Economics 313
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2025 Industry Index: How Top Advisors Are Scaling Smarter (and Faster) This Year

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

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All Shook Up: What’s Left in Lisa Marie Presley’s Estate?

Wealth Management

The majority of her inheritance already has been squandered.

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Industrial Production Decreased 0.7 Percent in December

Calculated Risk

From the Fed: Industrial Production and Capacity Utilization Industrial production decreased 0.7 percent in December and 1.7 percent at an annual rate in the fourth quarter. In December, manufacturing output fell 1.3 percent amid widespread declines across the sector. The index for utilities jumped 3.8 percent, as cold temperatures boosted the demand for heating, while the index for mining moved down 0.9 percent.

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Equity Investors Pull Back on the Industrial Sector as Return Expectations Dim

Wealth Management

The sector continues to be viewed favorably in the marketplace. But potential returns are lower, leading to a reassessment by debt and equity investors.

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Thursday: Housing Starts, Unemployment Claims, Philly Fed Mfg

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 212 thousand initial claims, up from 205 thousand last week. • At 8:30 AM: Housing Starts for December. The consensus is for 1.358 million SAAR, down from 1.427 million SAAR. • At 8:30 AM: the Philly Fed manufacturing survey for January.

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Former Snappy Kraken Exec Launches Outsourced Chief Evangelist Offering

Wealth Management

Former Snappy Kraken exec Diana Cabrices debuts her new outsourced chief evangelist offering, aimed at wealthtech companies, this week.

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Retail Sales Decreased 1.1% in December

Calculated Risk

On a monthly basis, retail sales were down 1.1% from November to December (seasonally adjusted), and sales were up 6.0 percent from December 2021. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for December 2022, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $677.1 billion, down 1.1 percent from the previous month , but up 6.0 percent above December 2021. emphasis added Click on graph for larger

Retail 262
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Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management

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.

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Markets Drive Returns as Much as Property Type in CRE Investing

Wealth Management

New research by Archer.re and its partners promotes the strategy of having individual portfolios for each property type within each city to allow investors to make independent real estate investment decisions.

Investing 279
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Clips From Today’s Closing Bell

The Reformed Broker

Netflix is one of the biggest bouncers in the entire market, says Ritholtz’s Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

Marketing 245
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13 Must Reads for CRE Investors Today (Jan. 19, 2023)

Wealth Management

Rent-to-own startups are facing headwinds in the current market, reports Commercial Observer. European investors are cutting allocations to real estate according to the latest INREV survey. These are among today’s must reads from around the commercial real estate industry.

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Is Private Debt Worth Considering As An (Alternative) Asset Class In Client Portfolios?

Nerd's Eye View

Many investors are familiar with private equity as an alternative asset class, which is popular with certain high-net-worth and institutional investors as a vehicle for diversification and a source of potentially higher risk-adjusted returns than what is available on the public market. However, less well-known is the related but distinct asset class of private debt, which, like private equity, focuses on opportunities outside of what is traded on the public market but deploys its capital in the

Assets 245
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What Your Financial Statements Are Telling You—And How to Listen!

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.

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CI Financial Leases Office Space for Manhattan Acquisitions

Wealth Management

The 50,000 square-foot office space in midtown Manhattan will house six RIA acquisitions that are now part of CI's private wealth business.

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Fed's Beige Book: "A sizable volume of new apartment development is due to be completed in 2023"

Calculated Risk

Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Cleveland based on information collected on or before January 9, 2023." Overall economic activity was relatively unchanged since the previous report. Five Districts reported slight or modest increases in overall activity, six noted no change or slight declines, and one cited a significant decline.

Retail 243
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NYU’s Hospital Accused of Giving Preferential Treatment to the Wealthy

Wealth Management

What are the possible repercussions for the non-profit organization?

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4th Look at Local Housing Markets in December; California Home Sales down 44% YoY in December; Prices Down 2.8% YoY

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: 4th Look at Local Housing Markets in December A brief excerpt: This is the fourth look at local markets in December. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.

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How to Avoid Pitfalls In Automation: Keep Humans In the Loop

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.

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IBD Advisors Tell FSI They'd Rather Retire, Become RIAs Than Employees

Wealth Management

For IBD advisors who don’t choose the retirement route, many say they’ll focus on their own RIA business, if they’re reclassified by the DOL as employees, according to a new survey commissioned by FSI.

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Wednesday links: something completely different

Abnormal Returns

Markets How do muni bonds stack up going into 2023? (marketwatch.com) In a calendar year, stocks can rise while earnings fall. (tker.co) Commodities Why orange juice prices are soaring. (wsj.com) The periodic table of commodity returns for 2022. (visualcapitalist.com) Strategy A quick reminder that a covered call position is equivalent to being short a put.

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'Standing' Up for Refunds for Deceased Taxpayers

Wealth Management

A recent court ruling details missteps in a claim to recover an income tax overpayment.

Taxes 258
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Episode #462: Porter Stansberry on a Possible Recession, Opportunities in Distressed Debt, & The Bull Case for Energy Stocks

Meb Faber Research

Episode #462: Porter Stansberry on a Possible Recession, Opportunities in Distressed Debt, & The Bull Case for Energy Stocks Guest: Porter Stansberry is a leading financial writer and the founder of MarketWise, a publicly traded, million-subscriber, multi-brand, financial publishing platform. In December 2020, Porter retired as MarketWise’s Chairman of the Board.

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Book of Secrets on the Month-End Close

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.

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ETFs With the Greatest Inflows in the Past Month

Wealth Management

These funds took in the most money over the past 30 days.

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Is This a New Bull Market?

The Irrelevant Investor

A ray of light has been shining through the dark clouds of inflation. And with that, stocks have come back to life. The median stock in the Russell 3000 is up 33% from its 52-week low, with energy and healthcare leading the way. The binariness of “bull” or “bear” markets can get tiresome at times, I know, so forgive me when I ask, is this a new bull market or yet another bear market rally?

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Protecting Your Returns: Optimizing Operational and Debt Performance in Your CRE Assets

Wealth Management

Thursday, February 09, 2023 | 2:00 PM ET

Assets 189
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Animal Spirits: Is a Soft Landing Inflationary?

A Wealth of Common Sense

Today’s Animal Spirits is brought to you by American Century Investments: See here for more information on American Centuries Short Duration Strategic Income ETF On today’s show, we discuss: BlackRock vs. Goldman in the fight over 60/40 2023 was a record year for US dividends Neil Dutta and Conor Sen on the chances of a US soft landing New York manufacturing activity plunges to lowest since May 2020 Egg prices hav.

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Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success

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?

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Musk’s Twitter Sells Off Coffee Makers, Neon Logo in Auction Blitz

Wealth Management

The 631 lots of “surplus corporate office assets” range from the mundane — industrial-scale kitchenware and typical office furniture like whiteboards and desks — to less typical fare for office auctions, such as quirky signage and more than 100 boxes of KN95 masks. Also in the mix are a range of designer chairs, coffee machines, iMacs and stationary bike stations capable of charging appliances.

Assets 147
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Wealth Advisor Catalina Franco-Cicero earns her Certified Tax Specialist (CTS™) designation

Tobias Financial

Our vision is to inspire, educate, and prepare our clients so they can live the lives they want. With this in mind, our team members are always committed to developing their skills and education to help our clients achieve their financial goals. Tobias Financial Advisors is proud that our team members constantly strive to grow and expand their knowledge.

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Bond Market’s Reset Breathes Life Into Battered 60/40 Funds

Wealth Management

This year both stocks and bonds have advanced, sending the 60/40 mix to the best start to a year since 1987.

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Best Tips For Long-Term Investing – Follow These Simple Strategies

Trade Brains

Best Tips for Long-Term Investing : The stock market is filled with uncertainty, however, certain tried and tested principles can help investors to boost their chances for long-term success. Long-term investing is a strategy where investors hold on to their investments for a long period of time, usually five years or more. It comes with benefits like compounding, tax advantages, and cost savings.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.