The Big Picture

OCTOBER 13, 2023

My buddy Jonathan Miller does not hesitate to call out the weasels who represent those who work in his industry: NAR Proves That Trade Groups Aren’t Infallible With an appalling culture of secrecy maintained by wildly overpaid executives (I believe their CEO is paid close to $3 million per year), NAR seems to be imploding right now. These three prominent real estate firms are backing away from the management cesspool that has severely damaged the National Association of Realtors (NAR) brand.

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Numbers Sales Management Marketing 286

Abnormal Returns

OCTOBER 13, 2023

Companies What now for Microsoft ($MSFT) after closing the Activision Blizzard deal? (theringer.com) The customer experience at Amazon ($AMZN) is getting worse. (ritholtz.com) Is Apple ($AAPL) making it too hard to do stuff on the Mac? (macworld.com) Sports gambling Disney ($DIS) wanted no part of sports gambling, now its all in. (wsj.com) Sports books are embracing novelty bets.

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Financial Advising Media Management Investing 221

Nerd's Eye View

OCTOBER 13, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with a new study from Herbers & Company that provides insight into the financial planning services that consumers demand the most, and which services financial advisory firms offer the most often. The study also identified factors that separated firms experiencing the greatest organic growth from others, which include offering a comprehensive suite of services, having a higher 'close' ra

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Financial Planner Financial Planning Client Management Clients 197

Abnormal Returns

OCTOBER 13, 2023

The biz The bots have come for podcasting. (semafor.com) Rogue AI voices are already out in the wild. (nytimes.com) We don't have great defenses for deepfakes. (variety.com) Companies Benjamin Gilbert and David Rosenthal talk about the latest iteration of Nvidia ($NVDA). (acquired.fm) Logan Bartlett talks AI with Dario Amodei, co-founder and CEO of Anthropic.

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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.

Accounting

The Reformed Broker

OCTOBER 13, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Jan Van Eck, and Andrew Beer discuss the bond market, the national debt, private-credit, alts, managed futures, the Sam Bankman-Fried trial, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else.

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Management Marketing Marketing 152

Wealth Management

OCTOBER 13, 2023

Steward Partners adds the first team to its IAR-only channel, Allworth Financial names a new CEO and other news from Wealth Enhancement Group, EP Wealth Advisors, Kestra PWS, Gaddis Premier Wealth Advisors and Pitcairn.

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Wealth Advisor 110

Advisor Perspectives

OCTOBER 13, 2023

The S&P 500 posted gains for a second straight week despite weak performance during the latter part of the week. The index is currently up 13.17% year to date and is 9.77% below its record close from January 3, 2022.

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A Wealth of Common Sense

OCTOBER 13, 2023

In 1950 long-term U.S. government bonds yielded a little more than 2%. By the end of that decade they would hit 4.5%. Yields jumped to 6.9% by the end of the 1960s and 10.1% by the end of the inflationary 1970s. Then they skyrocketed in the early-1980s, going from just over 10% at the end of 1979 to nearly 15% by the fall of 1981. In a little over 30 years, bond yields went from 2% to 15%.

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Marketing Marketing Government 111

Alpha Architect

OCTOBER 13, 2023

This article examines four digital filters commonly used for trend-following: moving average linear weighted moving average exponential smoothing time series momentum Trend-Following Filters – Part 7 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

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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.

Banking

Calculated Risk

OCTOBER 13, 2023

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from Sabrina Speianu: Weekly Housing Trends View — Data Week Ending Oct 7, 2023 • Active inventory declined, with for-sale homes lagging behind year ago levels by 2.4%. During the past week, we observed the 16th successive drop in the number of homes available for sale when compared to the previous year.

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Sales Numbers Marketing Marketing 107

Validea

OCTOBER 13, 2023

The losses sustained by the U.S. bond market over the last few years are the worst in the nation’s recorded history, according to research from strategists at Bank of America that is cited in an article in Bloomberg. While some of the data from 200-plus years ago may be less than accurate, it’s still a startling statistic, and drives home what a significant impact inflation and high interest rates had on the bond market.

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Banking Government Economy Management 105

Trade Brains

OCTOBER 13, 2023

High FII holding Stocks Under Rs 100 : When it comes to investing in the stock market, we always try to find the most intricate balance between affordability & sustainability. We are always on the lookout for Companies that have the highest growth and the best management. At the same time, we also hope to find them at throw away prices, so we can enter in its journey, at the earliest.

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Banking Financial Services License Retail 105

Wealth Management

OCTOBER 13, 2023

The latest defections include three advisors and an analyst who joined Kestra’s Private Wealth Services unit.

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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.

Financial Advice

Advisor Perspectives

OCTOBER 13, 2023

Consumer sentiment fell sharply this month amid growing inflation concerns. The October preliminary report for the Michigan Consumer Sentiment Index came in at 63.0, down 5.1 (-7.5%) from the September final. This morning's reading was below the forecast of 67.2.

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Wealth Management

OCTOBER 13, 2023

Why have wealthy investors surged as the leading buy-side participants in this market segment?

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Marketing Marketing 114

Gen Y Planning

OCTOBER 13, 2023

The traditional view of what retirement should be is quickly fading in the rearview mirror as Gen X and Baby Boomers are flipping the script on what your post-career lifestyle can look like. An increasing percentage of pre-retirees are now planning to retire early (at age 62 or earlier), and it’s becoming more common to see people opting for an alternate lifestyle once they do take the retirement plunge.

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Retirement Consulting Accounting Planning 64

Wealth Management

OCTOBER 13, 2023

Why have wealthy investors surged as the leading buy-side participants in this market segment?

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Numbers Marketing Marketing 114

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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.

Banking

Advisor Perspectives

OCTOBER 13, 2023

The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of September 29th, the index was at 13.184, up 1.582 from the previous week.

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Economics Economy 59

Wealth Management

OCTOBER 13, 2023

“Volatility is off the chart,” said Ben Emons, a senior portfolio manager at NewEdge Wealth. “People are trading bonds like stocks.

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Portfolio Management Portfolio Management 97

Calculated Risk

OCTOBER 13, 2023

From BofA: Overall, the data flow since our last weekly pushed up our 3Q US GDP tracking estimate from 3.7% to 3.8% q/q saar. [Oct 13th estimate] emphasis added From Goldman: We left our Q3 GDP tracking estimate unchanged at +3.7% (qoq ar) and our domestic final sales growth forecast also unchanged at +2.4%. [Oct 10th estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2023 is 5.1 percent on October 10

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Sales 58

Advisor Perspectives

OCTOBER 13, 2023

In this second episode, Franklin Templeton Institute’s Tony Davidow discusses opportunities in alternative credit strategies with Richard Byrne from Benefit Street Partners.

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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!

Accounting

Calculated Risk

OCTOBER 13, 2023

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Due to changes at the CDC, weekly cases are no longer updated. For deaths, I'm currently using 3 weeks ago for "now", since the most recent two weeks will be revised significantly. Recently hospitalizations have almost tripled from a low of 5,150 in June 2023. Hospitalizations are far below the peak of 150,000 in January 2022.

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Numbers 55

Advisor Perspectives

OCTOBER 13, 2023

After three quarters of improving economic outlook amid increasing expectations for a painless decline in global inflation, markets and pundits alike have become less optimistic about a soft landing as they reacted to frustration from the Fed.

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Economics Marketing Marketing 52

Calculated Risk

OCTOBER 13, 2023

From STR: U.S. hotel results for week ending 7 October U.S. hotel performance increased from the previous week, and year-over-year comparisons were mostly positive, according to CoStar’s latest data through 7 October. 1-7 October 2023 (percentage change from comparable week in 2022): • Occupancy: 67.8% (-0.2%) • Average daily rate (ADR): US$163.19 (+5.4%) • Revenue per available room (RevPAR): US$110.68 (+5.2%) emphasis added The following graph shows the seasonal pattern for the hotel occupancy

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Clever Girl Finance

OCTOBER 13, 2023

Are you fed up with the 9 to 5 grind? Do you need to earn some extra cash or find a job that fits around your daily commitments? Night shift jobs may be the solution you’re looking for, and the good news is there are lots of opportunities out there and we’ve got several to share. So keep reading! Table of contents Who are night shift jobs suitable for?

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Healthcare Medical Media Communication 52

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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.

Communication

Calculated Risk

OCTOBER 13, 2023

Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in September A brief excerpt: Note: The National Association of Realtors (NAR) is scheduled to release September existing home sales next week on Thursday, October 19th, at 10:00 AM ET. The consensus is the NAR will report sales of 3.94 million SAAR, down from 4.04 million in August.

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Marketing Marketing Sales 55

Validea

OCTOBER 13, 2023

With stocks up 20% this year, offering the highest returns from any major global market, as well as a significant shot of confidence from Warren Buffett’s spring visit, Japan’s stock market has been wildly robust. But the Japanese market’s success this year could also be the result of the yen collapsing, contends an article in The Wall Street Journal , and indeed Japanese stocks have followed the same trajectory as the S&P 500 this year.

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Marketing Marketing Valuation Manufacturing 52

Clever Girl Finance

OCTOBER 13, 2023

Looking for a way to make extra cash? Well, finding out how to sell printables on Etsy is a solid move. Not only is this a great side hustle, but it allows you the opportunity to be creative, too. Keep reading to learn more about this income idea! Table of contents What are printables, anyway? Can you make an income selling printables on Etsy? 5 Simple steps to selling printables on Etsy Expert tip: Offer seasonal promotions on your Etsy printables Is it worth selling printables on Etsy?

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