The Big Picture
DECEMBER 9, 2022
My end-of-week morning train WFH reads: • Tony Fadell Is Trying to Build the iPod of Crypto : The product guru made Ledger’s new hardware wallet—a tiny vault for digital cash—flashy and fun. Plus, with this gadget you’ll never get FTX’d. ( Wired ). • Bikeshare Roars Back From the Pandemic : The shared micromobility market has been resilient even as commuting patterns have shifted.
Mish Talk
DECEMBER 9, 2022
Bond yields from the New York Fed, chart by Mish. Chart Notes and Synopsis On the horizontal axis, F stands for Effective Fed Funds Rate (EFFR). The 3 and 6 represent months. I extrapolated rates between years equally. A few days ago the 10-year and 30-year bonds inverted and remain inverted. The EFFR is 3.83 percent. It is inverted with every bond of 5-years duration and longer.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Nerd's Eye View
DECEMBER 9, 2022
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that amid concern that retail investors are paying ‘hidden’ fees in the form of suboptimal execution of their trades, the SEC is preparing to propose a “Regulation Best Execution” rule that would, among other measures, establish a best execution standard for brokers.
Abnormal Returns
DECEMBER 9, 2022
The biz The top podcasts of 2022, per Apple Podcasts. (9to5mac.com) The case for quitting Spotify ($SPOT). (om.co) Business David Rosenthal and Benjamin Gilbert talk with Ben Thompson about the business of Stratechery. (acquired.fm) Roben Farzad talks with Felix Gillette and Joel Mier about the future of streaming. (podcasts.apple.com) Economy Ezra Klein talks economic trends with Mohamed El-Erian.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Mish Talk
DECEMBER 9, 2022
Producer Price Index from BLS, chart by Mish. Last month I noted the PPI cools with first decline in services in two years. That didn't last long. Please consider the BLS Producer Price Index report for November 2022. PPI Key Month-Over-Month Details The Producer Price Index for final demand advanced 0.3 percent in November, seasonally adjusted. Final demand prices also rose 0.3 percent in both October and September.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
DECEMBER 9, 2022
The Federal Reserve released the Q3 2022 Flow of Funds report today: Financial Accounts of the United States. The net worth of households and nonprofits fell to $143.3 trillion during the third quarter of 2022. The value of directly and indirectly held corporate equities decreased $1.9 trillion and the value of real estate increased $0.8 trillion. Household debt increased 6.3 percent at an annual rate in the third quarter of 2022.
A Wealth of Common Sense
DECEMBER 9, 2022
Nationwide price declines in the housing market are relatively rare. Since 1987, there have been just three times when the Case-Shiller National Home Price Index has been in a state of drawdown: The first was in the early-1990s when housing prices fell a little more than 2% nationally. Then you have the housing crash at the end of the 2000s when prices fell nearly 27%.
Calculated Risk
DECEMBER 9, 2022
From Dodge Data Analytics: Dodge Momentum Index Advances In November The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 3.8% (2000=100) in November to 207.2 from the revised October reading of 199.6. During the month, the DMI continued its steady ascent, with the commercial component rising 4.3%, and the institutional component ticking up 2.7%.
Wealth Management
DECEMBER 9, 2022
Peter Essele, senior vice president for investment management and research at Commonwealth Financial Network, explains why it makes sense to consider longer-term fixed income investments.
Advertisement
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.
Advisor Perspectives
DECEMBER 9, 2022
This morning's release of the November Producer Price Index (PPI) for Finished Goods was up 0.2% month-over-month seasonally adjusted, down from a 1.1% increase last month. It is at 10.6% year-over-year, down from a 11.2% increase last month, on a non-seasonally adjusted basis.
Wealth Management
DECEMBER 9, 2022
The company also obtained a minority ownership stake in FCF Advisors as of last month, the New York-based boutique asset management firm and index provider Shea previously led.
Calculated Risk
DECEMBER 9, 2022
Today, in the Real Estate Newsletter: Mortgage Equity Withdrawal Still Solid in Q3 Excerpt: Here is the quarterly increase in mortgage debt from the Federal Reserve’s Financial Accounts of the United States - Z.1 (sometimes called the Flow of Funds report) released today. In the mid ‘00s, there was a large increase in mortgage debt associated with the housing bubble.
Wealth Management
DECEMBER 9, 2022
Brad McMillan, managing principal and chief investment officer of Commonwealth Financial Network, explains the importance of strong communication during challenging markets.
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.
Advisor Perspectives
DECEMBER 9, 2022
The December Preliminary Report came in at 56.8, down 3.1 (5.2%) from the November Final. Investing.com had forecast 56.9. Since its beginning in 1978, consumer sentiment is 31 percent below the average reading (arithmetic mean) and 30 percent below the geometric mean.
Wealth Management
DECEMBER 9, 2022
The digital revolution has made compliance issues more numerous and complicated than ever. Leaders in the space discuss how they're helping advisors manage risk.
Integrity Financial Planning
DECEMBER 9, 2022
Baby Boomers have certainly proved that retirement can be a time of not just rest and relaxation but of fun and adventure. As you enter this wonderful new phase of your life, there are famous bands and musicians from the 60s and 70s that are still on tour now, whose tunes and jams have uplifted your spirits and given you an outlet to express yourself.
Wealth Management
DECEMBER 9, 2022
Heather Zack, manager of advanced planning at Commonwealth Financial Network, offers tips on how to use charitable planning to expand an advisor’s client base.
Advertisement
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.
Advisor Perspectives
DECEMBER 9, 2022
At present, multiple jobholders account for 4.9 percent of civilian employment. The survey captures data for four subcategories of the multi-job workforce, the current relative sizes of which we've illustrated in a pie chart.
Wealth Management
DECEMBER 9, 2022
To ease the stress for everyone involved, it’s better to start the process sooner rather than later.
Good Financial Cents
DECEMBER 9, 2022
The best home insurance companies offer high-quality coverage that protects against damage to your home’s structure and your property, whether it is caused by lightning, winds, fire, or other covered perils. Homeowners’ insurance also comes with important liability coverage that can save you financially if someone is injured on your property and decides to sue you for damages.
Wealth Management
DECEMBER 9, 2022
Don’t let high-net-worth clients and business owners fumble the ball in their rush to beat the calendar.
Advertisement
All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!
Alpha Architect
DECEMBER 9, 2022
Given that tightening monetary policy increases economic risks, Simpson and Grossman provided compelling evidence of a risk explanation for the size factor. For those investors who engage in tactical asset allocation strategies (market timing), their evidence suggests that it might be possible to exploit the information. Before jumping to that conclusion, I would caution that because markets are forward-looking, they should anticipate periods of Fed tightening and the heightened risks of small s
Wealth Management
DECEMBER 9, 2022
Retirement industry thought leaders answer three probing questions on critical issues, providing an open, honest and candid dialogue.
The Irrelevant Investor
DECEMBER 9, 2022
Today’s Compound and Friends is brought to you by YCharts: See here for Josh’s End of the Year Chartapalooza YCharts Webinar on December 9th at 12PM Eastern, and here to register! On today’s show we discuss: Wealth management in Houston Consumer strength in 2022 How the gates closed on Blackstone’s runaway real estate vehicle Listen here: Bryn Talkington: Bryns Twitter Recommendations.
Wealth Management
DECEMBER 9, 2022
Fieldpoint Private exits the advisory business as Mercer acquires two firms this week and Mariner, Waverly and Kestra all add one.
Advertisement
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.
Steve Sanduski
DECEMBER 9, 2022
In a Nutshell: By appreciating the connections between capital, communities, the environment, and equality a new generation of social justice investors and advisors want to broaden the definition of wealth. Instead of a traditional focus on ROI, these folks are aiming to improve what I call Return on Life — using money to enrich our whole lives, including the world around us.
Advisor Perspectives
DECEMBER 9, 2022
The S&P 500 fell Monday and Tuesday from its rally last week and petered around on Wednesday, ending the week mostly flat, then falling at close on Friday. The index is about 18% below its record close and is down 17.5% YTD.
Clever Girl Finance
DECEMBER 9, 2022
A ladies get together is always a fun time. But sometimes, the costs of these gatherings can creep beyond a reasonable budget. Luckily, there are plenty of ladies get together ideas at home that don’t involve blowing your budget. If you are ready to have a great night with your gal pals without breaking the bank, explore our activities for ladies get together options that are budget-friendly!
Expert insights. Personalized for you.
264 
Let's personalize your content