Tue.Feb 14, 2023

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Cleveland Fed: Median CPI increased 0.7% and Trimmed-mean CPI increased 0.6% in January

Calculated Risk

The Cleveland Fed released the median CPI and the trimmed-mean CPI: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.7% in January. The 16% trimmed-mean Consumer Price Index increased 0.6% in January. "The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics’ (BLS) monthly CPI report".

Food 326
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America's Priciest Neighborhoods Are Changing as the Ultra-Rich Move to Florida

Wealth Management

Real estate values in wealthy neighborhoods are reflecting broader pandemic migration.

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Alien Invasion!!!

The Big Picture

Over the weekend, a NATO general was asked by a bright-eyed reporter whether or not the various flying objects that were being shot down might be aliens visiting from elsewhere in the galaxy. His throwaway response of “ We don’t rule anything out ” was sufficiently ambiguous to set the conspiracy theorists atwitter. “Of course, they dropped this during the Superbowl, when no one’s paying attention,” was the LOL tweet.

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Private Assets Like CRE Can Create a ‘New’ 60-40 Model for Portfolios

Wealth Management

Investments like real estate and other private markets can generally weather difficult market conditions better than their more liquid counterparts and, over the long run, have historically provided higher returns and lower volatility.

Assets 290
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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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BLS: CPI increased 0.5% in January; Core CPI increased 0.4%

Calculated Risk

From the BLS : The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5 percent in January on a seasonally adjusted basis , after increasing 0.1 percent in December, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 6.4 percent before seasonal adjustment. The index for shelter was by far the largest contributor to the monthly all items increase, accounting for nearly half of the monthly all items increase, with the indexes for foo

Food 275
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10 Must Reads for CRE Investors Today (Feb. 15, 2023)

Wealth Management

The Mortgage Bankers Association has lowered its 2023 forecast for commercial mortgage production, predicting a 15 percent decline. Kroger and Albertsons will sell off 300 stores in order to complete their merger, reports GlobeSt.com. These are among today’s must reads from around the commercial real estate industry.

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More Trending

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Retail Investors and ‘Noise’ Trading

Wealth Management

Clients often chase attention-grabbing stocks and severely underperform the market due to active trading.

Retail 278
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Core CPI ex-Shelter declines to 3.9% YoY

Calculated Risk

The good news is that inflation has clearly peaked. And since rents are falling faster than seasonally normal - due to the pandemic related changes in household formation - it makes sense for the short term to use core CPI ex-shelter. NOTE: There was a surge in household formation during the pandemic, pushing up rents sharply, and now household formation has slowed sharply just as more supply will be coming on the market.

Marketing 246
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Workforce Housing Is a Steady Alt Investment in Recessionary Times

Wealth Management

The fundamentals point toward immediate and attractive risk-adjusted returns.

Investing 277
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Tuesday links: investing humility

Abnormal Returns

Crypto The SEC continues to push back against crypto companies. (bloomberg.com) Susquehanna Advisors Group and Citadel Securities have reported stakes in crypto-friendly bank Silvergate Capital ($SI). (theblock.co) Everyone is lining up to try to close the NAV discount for the Grayscale Bitcoin Trust ($GBTC). (wired.com) Spotify Spotify ($SPOT) invested big in podcasting and is struggling to make it all work.

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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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Merrill Video Pro Is Live for the Thundering Herd

Wealth Management

Bank of America Merrill Lynch has built and launched a virtual video studio for its thousands of advisors.

Banking 264
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Wednesday: Retail Sales, Industrial Production, Homebuilder Survey, NY Fed Mfg

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, Retail sales for January is scheduled to be released. The consensus is for a 1.5% increase in retail sales. • Also at 8:30 AM, The New York Fed Empire State manufacturing survey for February.

Retail 147
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RIA Edge Podcast: Behind the Scenes of RIA M&A With Emigrant's Karl Heckenberg

Wealth Management

The CEO and president of Emigrant Partners discuses the rise of minority investors and how they're re-shaping the RIA landscape.

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10 Years of A Wealth of Common Sense

A Wealth of Common Sense

I started A Wealth of Common Sense 10 years ago. Before ever hitting the publish button on my first piece, I created a list of topics and blog posts to write about. Based on that list I thought this blog might last 6 months max. I certainly didn’t think I would still be writing on a regular basis a decade later. And never in my wildest dreams did I think starting a blog would completely change my career trajectory a.

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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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Focus Shareholders ‘Frustrated’ by PE Firm’s Offer

Wealth Management

Some shareholders say the $4.1 billion price tag for Focus Financial is too low and doesn’t reflect the trajectory and future of the business—and many hope for a way to remain invested.

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Research links: mean-variance thinking

Abnormal Returns

Crypto Contrary to earlier hopes, Bitcoin is now just a risk-on asset. (institutionalinvestor.com) On the existence of cross-asset momentum in crypto assets. (papers.ssrn.com) Research The value premium is still pretty wide. (alphaarchitect.com) The presence of smart beta investors reduces the return to notable factors. (papers.ssrn.com) Why 'submergence risk' is a better measure of risk.

Assets 130
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A New Evolution For ETFs Looks Hopeful, With Caveats

Wealth Management

A new ETF share class would do away with the cumbersome path of converting mutual funds into ETFs, but experts say the SEC will take a cautious approach.

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The “No Landing” Scenario

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►A Strengthening consumer – “January expected household income drop was greatest in survey history” ►The “No Landing” Scenario – “The remarkable momentum in consumer spending an.

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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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Discount Retailer Tuesday Morning Files for Bankruptcy Again

Wealth Management

The Dallas-based discount retailer filed in the Northern District of Texas, listing assets and liabilities of $100 million to $500 million, in its bankruptcy petition. It emerged from its last bankruptcy in January 2021 after closing about 200 stores, cutting its employee headcount and slashing debt.

Retail 257
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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Zoetis, Citigroup & Nvidia from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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ETFs Used for Nearly $3 Billion of Insider Trading, Study Shows

Wealth Management

The results showed that "shadow trading" was most prevalent in the health care, technology, and industrials sectors.

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#FA Success Ep 320: Navigating Hyper-Growth To Achieve Platform Scale For Independent Advisors, With Jim Dickson

Nerd's Eye View

Welcome back to the 320th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jim Dickson. Jim is the CEO and Founder of Sanctuary Wealth, an RIA platform with 80 partner firms in 29 states that collectively oversee nearly $25 billion in assets under management. What's unique about Jim, though, is how he has built an RIA platform approaching $25B in AUM in just 5 years, and the way he’s managed everything from hiring and staffing to raising outside investor ca

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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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How State Street Has Used AI to Find ‘Hidden Gems’ Since 2018

Wealth Management

The $1.7 billion SPDR S&P Kensho New Economies Composite ETF uses natural-language processing in its portfolio construction.

Economy 147
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Sen. Dianne Feinstein says she won't seek re-election in 2024

MarketWatch

Democratic Sen. Dianne Feinstein of California said Tuesday that she won't run for re-election in 2024. "Each of us was sent here to solve problems. That's what I've done for the last 30 years, and that's what I plan to do for the next two years," said Feinstein, 89, on Twitter. Two Democratic representatives for California, Katie Porter and Adam Schiff, already have announced that they're running for Feinstein's U.S.

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Break a slump by establishing momentum

Million Dollar Round Table (MDRT)

By Mike Beirne, MDRT Round the Table editor At some point in their careers, advisors hit a slump. So how do you get out of this rut? An MDRT member shares what he did to rebound. Steven Yam Seng Yee, CIAM, ChFC, a 26-year MDRT member from Singapore, recalls a slump when he was only halfway toward requalifying for MDRT with two months left in the year.

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: Herbalife stock bounces back even as earnings and revenue continue to decline

MarketWatch

Herbalife Nutrition Ltd. HLF shares gained in after-hours trading Tuesday, after the company reported a strong earnings beat in its first quarter with a former chief executive back in charge. Herbalife reported fourth-quarter net income of $54.4 million, or 55 cents a share, on net sales of $1.18 billion, down from $1.32 billion in the holiday season a year ago.

Sales 98
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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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FARE helps Black financial professionals thrive

Nationwide Financial

Key Takeaways Underrepresentation of minority financial professionals has long been a challenge in the industry. To advance actionable solutions and contribute to lasting change, Nationwide partnered in September 2020 with leading financial services organizations, associations and historically Black colleges and universities (HBCUs ) to form The Financial Alliance for Racial Equity℠, or FARE.

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: U.S. stock futures whipsaw, Treasury yields decline after January inflation report

MarketWatch

U.S. stock futures whipsawed Tuesday following the release of the January consumer-price index, which showed that inflation continued to moderate last month, but not as quickly as economists had expected. Futures for the S&P 500 were marginally lower at 4,146 in recent trade, while futures for the Dow Jones Industrial Average were marginally higher at 34,282.

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Animal Spirits: When Money Becomes a Liability

The Irrelevant Investor

Today’s Animal Spirits is brought to you by Kelly ETFs: See here for more information on Kelly ETFs and here for our prior conversation with Kevin Kelly, Founder, and CEO of Kelly ETFs on CRISPR Technology. On today’s show, we discuss: Rush into meme stocks, zero-day options fuels latest frenzy in the Wall Street casino Why investors are piling into funds that promise not to beat the stock market The costs of.

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Biden says CPI report shows U.S. has made progress on inflation and 'on the right track'

MarketWatch

President Joe Biden on Tuesday said a fresh report on the consumer price index reflected progress but there was still more work to do. "Today's data reinforces that we have made historic progress and are on the right track, and now we need to finish the job," he said in a statement. The CPI rose 0.5% in January, but the annual rate of increase fell a tick to 6.4%.

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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.