Abnormal Returns
APRIL 25, 2024
Markets The energy sector is still less than 4% of the S&P 500. (allstarcharts.com) What are to make of the big, and persistent, valuation disparities between large and small caps. (morningstar.com) Strategy Good luck trying to dial risk up and down at the right times. (collabfund.com) Expect to see some overconfidence tonight in Detroit. (seeitmarket.com) There's no return without risk.
The Big Picture
APRIL 25, 2024
A quick note on the state of the economy in light of some recent data. Q1 2024 Gross Domestic Product expanded at a disappointing 1.6% — note this is seasonally and inflation-adjusted annual rate. That lagged economists’ consensus of 2.4%. However, it’s not quite all it appears. Some of this is that “long and variable lag” of higher rates starting to bite — but it’s not just that.
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Advisor Perspectives
APRIL 25, 2024
In the week ending April 20, initial jobless claims were at a seasonally adjusted level of 207,000, a decrease of 5,000 from the previous week's figure. The latest reading is lower than the forecast of 214,000 jobless claims.
Calculated Risk
APRIL 25, 2024
From the National Center for Health Statistics: Births: Provisional Data for 2023. The NCHS reports: The provisional number of births for the United States in 2023 was 3,591,328, down 2% from 2022. The general fertility rate was 54.4 births per 1,000 females ages 15–44, down 3% from 2022. The total fertility rate was 1,616.5 births per 1,000 women in 2023, a decline of 2% from 2022.
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.
Advisor Perspectives
APRIL 25, 2024
The advance estimate for Q1 GDP came in at 1.59%, a deceleration from 3.40% for the Q4 final estimate. With a per-capita adjustment, the headline number is lower at 1.00%, a decrease from 2.79% for the Q4 headline number.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
APRIL 25, 2024
Carnegie Private Wealth's Angie Ostendarp and Jordan Raniszeski share their journey of why they left Wells Fargo and joined LPL's Strategic Wealth Services model.
Carson Wealth
APRIL 25, 2024
There are some things in life you just can’t plan for: an unexpected illness, job loss, death of spouse, disability. And while experiencing one of these major events can drastically impact your life, having an effective financial plan can help ensure that it doesn’t ruin your financial well-being. What Do You Need in Your Financial Plan? Your financial plan should be customized to your own unique needs.
Wealth Management
APRIL 25, 2024
Also, a new F2 Strategy study suggests firms must be responsive to digitally native affluent millennial clients to keep their business and MyVest expands tax-aware portfolio transitions for its Strategic Portfolio System.
Million Dollar Round Table (MDRT)
APRIL 25, 2024
By Bryce Sanders It is easy to think the financial services industry is engaged in a race to the bottom when there are ads telling people they can trade stocks “for free.” This advertising appeals to DIY buyers, but it doesn’t appeal to everyone. Many people — especially those who are quality clients — are willing to pay more for a trusted financial advisor they can build an enduring relationship with.
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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.
Wealth Management
APRIL 25, 2024
Astoria believes emerging markets will continue to struggle if the dollar strengthens and rates are held.
Advisor Perspectives
APRIL 25, 2024
The U.S. economy grew at a slower than expected pace to start off the year. Real gross domestic product increased at an annual rate of 1.6% in Q1 2024, according to the advance estimate. The latest estimate is lower than the forecasted 2.5% growth and is a slowdown from the Q4 2023 GDP final estimate of 3.4%.
Wealth Management
APRIL 25, 2024
Before joining Avantax, acquired by Cetera last year, Michael Molnar spent time as a strategy consultant, equity analyst, successful investor, CPA and dealmaker.
Trade Brains
APRIL 25, 2024
Bearish kicker candlestick pattern: It is often observed that market participants utilize technical analysis as a means of speculating and predicting short-term movements in stock prices. Technical analysis encompasses a range of methods for analyzing the market, including the candlestick pattern method, which is commonly employed to forecast stock price movements.
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.
Wealth Management
APRIL 25, 2024
The money from RIAs to Bitcoin ETFs is flowing to the asset managers offering lower fees.
NAIFA Advisor Today
APRIL 25, 2024
Richard Dobson is a Certified Financial Planner (CFP) who strives to simplify communication between clients and financial advisors. As a keynote speaker, he has provided insurance and investment advice for over 40 years. Richard is the author of Make Simplicity Your Superpower! and The Trusted Professional. He is also a NAIFA member and has previously served as a former FINRA Broker Dealer Chief Compliance Officer (CCO).
Wealth Management
APRIL 25, 2024
Lynch Retirement Investment Group brings WEG to almost $82 billion and adds a fourth Maryland office.
Advisor Perspectives
APRIL 25, 2024
The National Association of Realtors® (NAR) released the latest monthly data for its pending home sales index. The index rose 3.4% in March to 78.2, its highest level in over a year and more than the forecasted 0.3% growth. Pending home sales are up 0.1% from one year ago.
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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.
Wealth Management
APRIL 25, 2024
Rumors swirled for months that the TAMP and technology provider was up for sale.
Calculated Risk
APRIL 25, 2024
From the NAR: Pending Home Sales Ascended 3.4% in March Pending home sales in March climbed 3.4% , according to the National Association of REALTORS®. The Northeast, South and West posted monthly gains in transactions while the Midwest recorded a loss. Year-over-year, the Northeast and South registered decreases but the Midwest and West improved. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – increased to 78.2 in March.
Wealth Management
APRIL 25, 2024
How acclaimed journalist Josephine Franklin ended up homeless.
Calculated Risk
APRIL 25, 2024
The DOL reported : In the week ending April 20, the advance figure for seasonally adjusted initial claims was 207,000 , a decrease of 5,000 from the previous week's unrevised level of 212,000. The 4-week moving average was 213,250, a decrease of 1,250 from the previous week's unrevised average of 214,500. emphasis added The following graph shows the 4-week moving average of weekly claims since 1971.
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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!
Advisor Perspectives
APRIL 25, 2024
Today’s technology-driven landscape makes it easier than ever for RIAs to embrace automation across their tech stack and supercharge their businesses. Advisors can save time and minimize errors by using trading and rebalancing tools, portfolio management and CRM systems to manage accounts. Automation in data analysis also frees up time to provide more personalized advice or pursue new business.
Calculated Risk
APRIL 25, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Personal Income and Outlays, March 2024. The consensus is for a 0.5% increase in personal income, and for a 0.3% increase in personal spending. And for the Core PCE price index to increase 0.3%. PCE prices are expected to be up 2.6% YoY, and core PCE prices up 2.7% YoY. • At 10:00 AM: University of Michigan's Consumer sentiment index (Final for April).
Advisor Perspectives
APRIL 25, 2024
The latest Kansas City Fed Manufacturing Survey composite index declined again in April while future expectations remained flat. The composite index came in at -8, down from -7 in March, while the future outlook inched up to 2.
Calculated Risk
APRIL 25, 2024
Today, in the Calculated Risk Real Estate Newsletter: Lawler: Observations on the Recent Surge in Net International Migration A brief excerpt: NOTE: Housing economist Tom Lawler has written extensively on demographics and the impact on household growth and housing demand. Last November, Lawler reviewed the most recent Census projections: Lawler on Existing Home Sales, Population Projections and Household Slowdown.
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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.
Advisor Perspectives
APRIL 25, 2024
With nearly 4.5 million Americans turning 65 in 2024, advisors are navigating four core risks that will impact their portfolios in retirement: longevity, inflation, volatility, and emotions. We will discuss new research by Dr. Wade Pfau, professor at The American College of Financial Services. He did this research on behalf of Equitable to look at how to improve the efficient frontier, enhance risk-adjusted returns and help advisors – and their clients – make the most of their assets
Financial Symmetry
APRIL 25, 2024
We take pride in recognizing our team members who not only excel in their roles but also embody our core values. Today, we’re shining the spotlight on Meredith, who’s dedication to teamwork and diligence is a testament to FSI’s commitment … Continued The post Celebrating Meredith: A Beacon of Teamwork at FSI appeared first on Financial Symmetry, Inc.
Advisor Perspectives
APRIL 25, 2024
Real gross domestic product (GDP) is comprised of four major subcomponents. In the Q1 GDP advance estimate, three of the four components made positive contributions.
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