Wed.Oct 25, 2023

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New Home Sales increase to 759,000 Annual Rate in September

Calculated Risk

The Census Bureau reports New Home Sales in September were at a seasonally adjusted annual rate (SAAR) of 759 thousand. The previous three months were revised down slightly, combined. Sales of new single‐family houses in September 2023 were at a seasonally adjusted annual rate of 759,000 , according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

Sales 326
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IRS Warns Taxpayers to Be Wary of Fake Charities

Wealth Management

Doing your due diligence before donating is more important than ever.

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New Home Sales increase to 759,000 Annual Rate in September; Median New Home Price is Down 16% from the Peak

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: New Home Sales increase to 759,000 Annual Rate in September Brief excerpt: The Census Bureau reports New Home Sales in September were at a seasonally adjusted annual rate (SAAR) of 759 thousand. The previous three months were revised down slightly, combined. The next graph shows new home sales for 2022 and 2023 by month (Seasonally Adjusted Annual Rate).

Sales 282
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Boomers Refocus Their Planning for the Home Stretch

Wealth Management

At this stage of clients’ lives, addressing their fears is just as important as their goals.

Planning 312
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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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Wednesday links: portfolio entropy

Abnormal Returns

Strategy A big regime shift has happened in the economy and financial markets. (ritholtz.com) Rapid company growth comes with its own risks. (onveston.substack.com) Not all share buybacks are created equal. (investmenttalk.co) Finance Poor recent performance has put the IPO market back on ice. (finance.yahoo.com) Banks are still sitting on the Twitter debt they underwrote.

Portfolio 273
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Schwab Study: Millennials Want Fixed Income With Feels

Wealth Management

A new Schwab survey finds millennials are investing in products that both guarantee income and align with their values.

Investing 308

More Trending

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Cross Border Prenups

Wealth Management

Too little attention often is paid to assets outside of the jurisdiction where the parties intend to reside.

Assets 305
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Extracting Actionable Takeaways From The SEC’s Staff Bulletin Regarding An RIA’s Standard Of Care

Nerd's Eye View

There is a general understanding that investment advisers have a fiduciary relationship with their clients – in other words, that they are required to act in the client's best interests. But although this concept makes sense in the abstract, it isn't always clear what an adviser needs to do to fulfill their fiduciary duty in real-life situations.

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Moody’s Downgrades Cetera’s First Lien Ratings; S&P Affirms Ratings

Wealth Management

Despite the downgrade, the ratings agencies believe the improved scale and synergies from Cetera’s Avantax acquisition will outweigh any additional leverage it will take on.

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October Vehicle Sales Forecast: 16.0 million SAAR, Up 9% YoY

Calculated Risk

From WardsAuto: October U.S. Light-Vehicle Sales Looking Good Despite Strike-Related Inventory Losses (pay content). Brief excerpt: Sales are showing surprising strength in October despite the inventory hits taken at Ford, GM and Stellantis from strike-related plant shutdowns. Still, industry inventory at the end of the month will be lower by an estimated 5% because of the shutdowns, and November deliveries will be negatively impacted, too, as the rest of the industry will not be in a strong pos

Sales 217
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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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Eight Team Offsite Agenda Items

Wealth Management

Highly functional teams leverage these year-end meetings to celebrate successes, learn from failures and set the stage for the year ahead.

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MBA: Mortgage Applications Decreased in Weekly Survey

Calculated Risk

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 1.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 20, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.0 percent on a seasonally adjusted basis from one week earlier.

Marketing 204
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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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Thursday: GDP, Unemployment Claims, Durable Goods, Pending Home Sales

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 205 thousand initial claims, up from 198 thousand last week. • Also at 8:30 AM, Gross Domestic Product, 3rd quarter 2022 (advance estimate). The consensus is that real GDP increased 4.1% annualized in Q3, up from 2.1% in Q2. • Also at 8:30 AM, Durable Goods Orders for September from the Census Bureau.

Sales 162
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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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Private Equity Wants a Piece of Your Retirement Savings

Wealth Management

PE firms like KKR are gaining access to vast IRA wealth through Schwab and Fidelity.

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10 Wednesday AM Reads

The Big Picture

My mid-week morning train WFH reads: • Jay Powell’s Greenspan moment : The Fed is increasingly concerned about “above-trend” growth. In the mid-1990s, Greenspan grappled with it, too, and wisely held off on raising rates. That’s the right move again today. ( Stay-At-Home Macro ) • The Gems Hiding in Plain Sight in the Treasury Market : Back in 1994, bonds with fabulous yields were there for the taking.

Insurance 130
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Raymond James Recruiting Slows Down

Wealth Management

But CEO Paul Reilly said the firm is seeing a significant number of large practices in the pipeline.

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America Is Flirting With Fiscal Breakdown

Advisor Perspectives

In the fiscal year that just ended, the US government borrowed $1.7 trillion, more than 6% of gross domestic product. Bear in mind, that was with an economy running hot, with high inflation and more than full employment.

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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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401(k) Real Talk Episode 82: October 25, 2023

Wealth Management

Open, honest and candid discussions about the latest news in the RPA industry.

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Be Your Clients’ Head Coach – Three Keys to Success

Advisor Perspectives

Being part of a football coaching staff fascinates me.

Clients 121
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Morgan Stanley’s Rating Cut Over Lack of Succession Clarity

Wealth Management

The downgrade comes as investors wait for management to name a successor to James Gorman, who said in May he planned to step down in the next 12 months.

Planning 268
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Force Motors Vs Olectra Greentech – Financials, Future Plans & More

Trade Brains

Force Motors Vs Olectra Greentech : As the automotive industry accelerates its transition towards a more sustainable and eco-friendly future, two prominent companies in the commercial vehicle sector have been at the forefront of this transformation. The companies we are talking about are Force motors and Olectra Greentech. In this article on Force Motors Vs Olectra Greentech, we compare the company, financials, ratios & see which one has better future plans.

Planning 111
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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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Goldman Wants Trading Derivatives to Be Easy as Buying on Amazon

Wealth Management

The firm in recent weeks began allowing clients to use its visual structuring product for credit derivatives.

Clients 173
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Real Rates Drive Stock Prices

Advisor Perspectives

The relationship and the recent divergence between real rates and stock valuations is critical. Be ready for the historical trend to reassert itself.

Valuation 105
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401(k) Real Talk Transcript for October 25, 2023

Wealth Management

Transcript of Episode 82 of 401(k) Real Talk.

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Animal Spirits: Higher For Longer

A Wealth of Common Sense

Today’s Animal Spirits is brought to you by YCharts and The College for Financial Planning: See here to learn more about how advisors use YCharts to save clients money on taxes See here to learn more about the Accredited Behavioral Financial Professional designation and here for a Master in Personal Financial Planning Email us at info@ritholtzwealth.com to set up an in-person meeting with us while in Charlotte!

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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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OPEN ENROLLMENT: A WINDOW OF OPPORTUNITY!

MainStreet Financial Planning

Don’t miss your window of opportunity to take full advantage of your employee benefits. There may also be benefits that you want to un-enroll from because you don’t plan on using the benefit in the coming year (ex. Legal Plan). Taking the time to plan for the coming year and adjusting benefits accordingly can help you save money! I suggest you make time early in the open enrollment period so you can dedicate ample time to making the best choices.

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3 Unique Hobbies for Retirees to Try

Integrity Financial Planning

Retirement is a golden period of life, brimming with opportunities for exploring new hobbies and revisiting old ones. Maybe you’re interested in exploring model trains. Maybe you’re looking to travel the world. This phase affords retirees the time and freedom to dive into activities that can enrich their lives both mentally and physically.

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Investing In Sectors: A Look at the 11 Sector ETFs

Validea

By Justin Carbonneau ( Twitter | LinkedIn | YouTube ) — There are eleven sectors (Energy, Health Care, Consumer Staples, Technology, Consumer Discretionary, Industrials, Communication, Services, Financials, Real Estate, Utilities, and Materials) that make up the S&P 500. With over $230 billion in total assets, the SPDR Select Sector ETFs are considered the go-to funds for investors looking to make sector bets or investment allocations.

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Episode #505: Que Nguyen, Research Affiliates – Walking the Tightrope: High Valuations in an Inflationary Landscape

Meb Faber Research

Episode #505: Que Nguyen, Research Affiliates – Walking the Tightrope: High Valuations in an Inflationary Landscape Guest: Que Nguyen is the CIO of Equity Strategies at Research Affiliates. She leads the cross-sectional equity research and strategy design that supports the firm’s systematic active portfolios and smart beta indices. Date Recorded: 10/11/2023 | Run-Time: 42:35 Summary: […] The post Episode #505: Que Nguyen, Research Affiliates – Walking the Tightrope: High Valua

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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.