Fri.Dec 02, 2022

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Another Strong Jobs Report? Phooey, and I Can Prove It

Mish Talk

Payroll and employment data from the BLS, chart by Mish. Today, the Bureau of Labor Statistics released its Monthly Payroll Report. Initial Thoughts The discrepancy between jobs and employment continues for the eighth month.

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2023 Toyota Prius

The Big Picture

It is amazing to think about how Toyota blew its enormous lead in Hybrid tech, failing to launch any substantial push into EVs. The chart below shows exactly how much sales have fallen for the first hybrid EV America has fallen into — and then out of love with.

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Podcast links: telling stories with data

Abnormal Returns

The biz Podcasting ad revenue is expected to rise in 2023. insideradio.com) Joe Rogan maintained his hold as the No. 1 podcaster on Spotify for 2022. variety.com) The problem with Spotify ($SPOT) Wrapped.

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November 2022: Stand Up with Pete

The Big Picture

This was a fun conversation with my buddy Pete about all the media madness these days — it was as I was recovering from C19, and while I felt fine, my voice sounds pretty gravelly. If you find that kind of thing tolerable, people seemed to really like this discussion. Lots more details here.

Media 207
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The CPA Firm Growth Strategy: From Compliance to Consulting

Speaker: Rita Keller - President of Keller Advisors, LLC

Join Rita Keller, seasoned CPA firm management strategist and consultant, for an insightful discussion on the importance of diversifying your accounting skills.

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Weekend Reading For Financial Planners (Dec 3-4)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with a research study suggesting that the market volatility experienced in 2022 could increase demand for financial planning services.

More Trending

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The Game Has Changed

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Jeff deGraaf, and Downtown Josh Brown discuss trend following, valuation techniques, the dollar’s impact on the S&P, the cooling housing market, stocks vs bonds, the yield curve, and much more!

Valuation 130
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Some Thoughts on Active vs. Passive, Bear Markets vs. Recessions, Inverted Yield Curves & Holiday Weight Gain

A Wealth of Common Sense

Some charts I came across this week along with some thoughts on each: The bear market is speeding up the move from active to passive: This trend has been in place for a while now but the bear market is accelerating things.

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November Employment Report: 263 thousand Jobs, 3.7% Unemployment Rate

Calculated Risk

From the BLS : Total nonfarm payroll employment increased by 263,000 in November , and the unemployment rate was unchanged at 3.7 percent , the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, health care, and government.

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Trend Following and Relative Sentiment: Complementary Factors

Alpha Architect

Since it is likely that both the Relative Sentiment and Trend Following strategies will underperform at some points in the future, “a 50-50 combination of TF and RS might reduce the emotional volatility an investor may experience from holding only the underperforming strategy.”. <strong>Trend

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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.

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Realtor.com Reports Weekly Active Inventory Up 53% Year-over-year; New Listings Down 17%

Calculated Risk

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released today from Chief Economist Danielle Hale: Weekly Housing Trends View — Data Week Ending Nov 26, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory.

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Remember These Fashion Trends of the 60s & 70s?

Integrity Financial Planning

It’s no doubt that, when it comes to fashion, the 60s and 70s carried the most vibrant, electric trends. Your generation has made the largest footprint in the world of fashion, creating iconic and stylish clothing that, even today, still resurfaces and remains just as cool.

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Comments on November Employment Report

Calculated Risk

The headline jobs number in the November employment report was above expectations, however employment for the previous two months was revised down by 23,000, combined. The participation rate decreased, and the unemployment rate was unchanged at 3.7%.

Retail 104
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Return Assumptions in Retirement Income Planning Software

Covisum

Lately, there have been a lot of conversations surrounding the current market state, and many retirees are worried about their investments. One of the most challenging aspects of financial planning is setting reasonable performance expectations.

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Quick Guide to Digital Lending for Regional & Community Banks

Ever wonder how some regional and community banks are able to outperform their larger rivals? One of the biggest keys to this success lies in digital transformation. In fact, digital lending technologies are helping banks make the transition faster so they can compete more effectively. Read this eBook to learn how to use lending technology to transform your bank’s outcomes, too!

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Market Cap to GDP: Buffett Valuation Indicator

Advisor Perspectives

With the Q3 GDP Second Estimate and the November close data, we now have an updated look at the popular "Buffett Indicator" -- the ratio of corporate equities to GDP. The current reading is 149.2%, down from 155.7% the previous quarter

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Advisor Group Tweaks Rep Pricing for 2023

Wealth Management

Advisor Group announced a series of changes to its pricing structure, including a new bundled affiliation fee and annual fee for directly held mutual fund positions

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S&P 500 Snapshot: Mid-Week Rally

Advisor Perspectives

The S&P 500 rallied on Wednesday after the Fed announced it may slow its rate hikes as soon as its next meeting. The index was only up one out of five days this week, but is down 14.6% YTD and is 15.1% below its record close

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J.P. Morgan Wealth Management's New Path To 62M Chase Customers

Wealth Management

Wealth Plan, with its "Work with an advisor" icon, is now available for free on the Chase Mobile app and the bank's website

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Top 7 Global Employment Challenges

Global expansion brings many opportunities for companies. However, there are pitfalls along the way that can slow down progress. In this eBook, we look at the 7 key challenges to global growth, and ways to minimize expansion headaches.

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Wedbush initiates four cannabis stocks with outperform ratings and Green Thumb Industries as top tick

MarketWatch

Wedbush on Friday launched coverage of Green Thumb Industries Inc. Cresco Labs Inc. Curaleaf Holdings Inc. and Trulieve Cannabis Corp. with outperform ratings. Analyst Gerald Pascarelli said of the four cannabis companies Green Thumb Industries ranks as Wedbush's top pick. "We

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High-Net-Worth Philanthropy Trends By The Numbers

Wealth Management

These five findings provide a benchmark for affluent philanthropists and the advisors who support them

Numbers 87
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Ford stock slumps after November vehicles sales drop, as truck and SUV declines offset a doubling in EV sales

MarketWatch

Shares of Ford Motor Co. shed 1.6% in morning trading Friday, after the automaker reported a 7.8% decline in November sales to 146,364 vehicles. Truck sales fell 1.2% to 81,210 and sport-utility vehicle (SUV) sales sank 15.0% to 61,889, while electric vehicle (EV) sales soared 102.6% to 6,255.

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Cetera Shutters First Allied Registration, Brand

Wealth Management

Reps for First Allied Securities, the San Diego-based independent broker/dealer that's been in business since 1994, will integrate into sister company Cetera Advisors

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Global Hiring Guide: Top Emerging Fintech Hubs

The fintech industry is growing exponentially. Companies can find the talent they need in top emerging fintech hubs around the world. Highly skilled global candidates are available to hire — companies just need to know where to look for them.

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How can NRIs avoid double taxation in India?

Fintoo

You work hard to earn money and take every possible step to save for the future. After all the efforts, you probably do not wish to lose a substantial part of your income to taxes.

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401(k) Real Talk Episode 43: December 2, 2022

Wealth Management

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

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U.S. stocks open sharply lower after stronger-than-expected jobs data

MarketWatch

stock indexes opened lower on Friday after the November jobs report shows a sign of continued strength in the labor market, raising concerns that the Federal Reserve's policy will remain tighter for longer. The U.S.

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Gary Gensler Says Crypto Investors Should Embrace SEC Regulation

Wealth Management

The Securities and Exchange Commission chair describes his philosophy of markets and regulation—and why he loves climbing mountains

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The HR Compliance Playbook: How to Improve Speed-to-Hire

Every global growth to-do list should begin with compliance. Navigating international jurisdictions can be complex and time-consuming, but with solid, up-to-date compliance procedures, companies can maximize efficiency, speed-to-hire, and mitigate risks.

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Cracker Barrel stock tumbles more than 11% after big profit miss, trimmed revenue outlook

MarketWatch

Shares of Cracker Barrel Old Country Store Inc. tumbled 11.5% in premarket trading Friday, after the home-style restaurant chain with retail stores inside missed fiscal first-quarter profit expectations, as cost inflation surpassed menu price increases, and trimmed its full-year revenue outlook.

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COVID Dec 2, 2022: Update on Cases, Hospitalizations and Deaths

Calculated Risk

NOTE: This was a holiday week, and cases and deaths reporting always declines during holiday weeks. On COVID (focus on hospitalizations and deaths). Data has switched to weekly. Weekly deaths bottomed in July 2021 at 1,666. COVID Metrics Now Week Ago Goal New Cases per Week 2 303,101 306,856 ?35,000

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Exxon board expands to 13 directors; airline, aerospace executives join

MarketWatch

Exxon Mobil Corp. said late Friday that Larry W. Kellner and John D. Harris II have joined its board, which expanded to 13 directors. Kellner is the former chief executive of Continental Airlines, which merged with United Airlines in 2010, and current chairman of the board for Boeing Co.