Abnormal Returns
NOVEMBER 7, 2023
Retail Does social media use increase stock market participation? (papers.ssrn.com) Why do individual investors converge on the same stocks? (papers.ssrn.com) Companies What is organizational capital and how does it affect returns? (alphaarchitect.com) Poor ESG scores don't prevent new share issuance. (papers.ssrn.com) Quant stuff Research shouldn't happen in a vacuum.
Calculated Risk
NOVEMBER 7, 2023
From the NY Fed: Household Debt Rises to $17.29 Trillion Led by Mortgage, Credit Card, and Student Loan Balances The Federal Reserve Bank of New York's Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The Report shows total household debt increased by $228 billion (1.3%) in the third quarter of 2023, to $17.29 trillion.
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Abnormal Returns
NOVEMBER 7, 2023
Markets New lows peaked awhile ago. (allstarcharts.com) Investors love ultra-short term bond ETFs. (etf.com) Private credit Another sign that the private credit business is getting frothy. (ft.com) Some cattiness in the private credit business. (bloomberg.com) Companies Private equity is getting into the short-term rental market. (wsj.com) Eleven signs of imminent management meltdown including 'conflicts of interest.
Wealth Management
NOVEMBER 7, 2023
FMG Suite, Bento Engine, Asset-Map, Holistiplan and FP Alpha were among the companies highlighting new developments during the virtual conference.
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
NOVEMBER 7, 2023
Household debt rose by $228 billion (1.34%) to $17.29 trillion in Q3 2023. The increase in debt this month was largely driven by mortgage, credit card, and student loan balances. Mortgage balances increased to $12.14 trillion, credit card balances to $1.08 trillion, and student loan balances to $1.6 trillion.
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A Wealth of Common Sense
NOVEMBER 7, 2023
People have a hard time accepting competing ideas at the same time. Humans are averse to discomfort so when that happens our brains work really hard to reduce that feeling. Cognitive dissonance makes it difficult to see both sides of an argument. Everything is either good or bad with no middle ground. And so it is with the economy. Some people think the current economic environment stinks.
Wealth Management
NOVEMBER 7, 2023
They see a $10 trillion opportunity in the next decade, but obstacles remain to widespread use of private investments.
The Irrelevant Investor
NOVEMBER 7, 2023
Today’s Animal Spirits is brought to you by YCharts: See here to register for the YCharts Year-End Strategy webinar with the Animal Spirits team! On today’s show, we discuss: Comments on October Employment Report Is the Fed peaking too soon? Your ‘set it and forget it’ 401(k) made you rich. No more. Is the 60/40 portfolio a good investment now?
Integrity Financial Planning
NOVEMBER 7, 2023
There are many important birthdays when it comes to retirement planning. So, as you approach your retirement, it’s crucial to have a few of these in mind as key milestones. Here are 4 important birthdays to make note of as you set up your financial future: Catch-Up Contributions Begin at Age 50 When you reach age 50, you can contribute more to your retirement accounts than you were able to when you were younger. [1] In 2023, 401(k) contributors who are age 50 and up can contribute $30,000 to the
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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.
Million Dollar Round Table (MDRT)
NOVEMBER 7, 2023
By Bruce Alexander Through their imagination, clients can create a mental picture of their future vivid enough to prompt sound financial decisions today. Astute financial advisors guide this important mental journey. Creating a view to the future Creating a clear, revealing, compelling picture of your client’s future self doesn’t happen during meetings, which take place in a logical beta brain state.
Wealth Management
NOVEMBER 7, 2023
Shaping Wealth’s inaugural BeFi Summit sought to help advisors create meaningful connections between who clients are and who they wish to be.
The Irrelevant Investor
NOVEMBER 7, 2023
Today’s special live episode of the Compound and Friends is brought to you by LifeX: See here for more information on LifeX’s first-of-its-kind retirement income solution! On today’s show, we discuss: Hedge funds catapulted Treasury shorts to record at wrong time Bond sell-off has recession indicator flashing new warning sign We are all quants.
Wealth Management
NOVEMBER 7, 2023
Financial professionals must sell too. They’re just selling services instead of products.
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.
Calculated Risk
NOVEMBER 7, 2023
From Manheim Consulting today: Wholesale Used-Vehicle Prices Decrease in October Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 2.3% in October from September. The Manheim Used Vehicle Value Index (MUVVI) dropped to 209.4, down 4.0% from a year ago. “October revealed some not-so-spooky price moves, namely a reversal of the gains that were seen during the prior two months,” said Chris Frey, senior manager of Economic and Industry Insights for Cox Automo
Wealth Management
NOVEMBER 7, 2023
Financial professionals must sell too. They’re just selling services instead of products.
Calculated Risk
NOVEMBER 7, 2023
The Census Bureau and the Bureau of Economic Analysis reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $61.5 billion in September, up $2.9 billion from $58.7 billion in August, revised. September exports were $261.1 billion, $5.7 billion more than August exports. September imports were $322.7 billion, $8.6 billion more than August imports emphasis added Click on graph for larger image.
Advisor Perspectives
NOVEMBER 7, 2023
Multiple jobholders account for 5.3% of civilian employment. The survey captures data for four subcategories of the multi-job workforce, the relative sizes of which we've illustrated in a pie chart.
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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
NOVEMBER 7, 2023
Commercial and multifamily mortgage originations fell 49% year-over-year in the third quarter, reported the Mortgage Bankers Association. New construction is pushing down apartment rents in some cities with large pipelines, according to Bloomberg. These are among today’s must reads from around the commercial real estate industry.
Advisor Perspectives
NOVEMBER 7, 2023
The U.S. international trade in goods and services is published monthly by the Bureau of Economic Analysis with data going back to 1992 and details U.S. exports and imports of goods and services. In September, the trade deficit expanded by 4.9% to $61.54B. The latest reading was above the forecast of $59.90B.
Wealth Management
NOVEMBER 7, 2023
Jonathan Hirtle, founder and chairman of Hirtle, Callaghan & Co., has been called the “Oracle of Outsource” by Pension & Investments magazine for his work pioneering the “outsourced chief investment officer” business model for families and institutions.
Advisor Perspectives
NOVEMBER 7, 2023
Well-run advisory practices have job descriptions for key roles, from planners to administrators to client service. But here’s a description that I bet few firms have yet to fill.
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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!
Calculated Risk
NOVEMBER 7, 2023
Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in October A brief excerpt: This is the first look at several early reporting local markets in October. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.
Wealth Management
NOVEMBER 7, 2023
Proven strategies for financial advisors to skyrocket their business.
Calculated Risk
NOVEMBER 7, 2023
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.
Random Roger's Retirement Planning
NOVEMBER 7, 2023
This post will start with a followup from yesterday's look at the apparent implosion of the Simplify Tail Risk Strategy ETF (CYA). It was down again on Tuesday, still trading well under a buck. The inception date for CYA was September 13, 2021. Just over a year ago, summer 2022, I wrote a few blog posts about the Return Stacked 60/40 Absolute Return Index.
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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.
Calculated Risk
NOVEMBER 7, 2023
From Dodge Data Analytics: Dodge Momentum Index Inches Up 1% in October The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 1% in October to 181.7 (2000=100) from the revised September reading of 180.3. Over the month, the commercial component of the DMI rose 2.0%, while the institutional component retreated 1.4%. “Heightened momentum in warehouse planning activity supported the commercial side of the Index this month, while muted education planning activity slowed th
Trade Brains
NOVEMBER 7, 2023
Best Financial Markets to Trade : Are you looking to explore the best financial markets to trade in 2024? If yes, then don’t worry, you are at the right place. It is obvious that we may occasionally get confused in our decision-making when faced with the many different pieces of advice regarding financial planning, trading, and investments. Whether you are a novice trader or an expert trader, this article on the best financial markets to trade in 2024 will assist you in making smarter investing
Advisor Perspectives
NOVEMBER 7, 2023
Gas prices have now fallen for 7 straight weeks, the longest streak of the year. As of November 6, the price of regular and premium gas fell by 8 and 9 cents from the previous week, respectively. The WTIC end-of-day spot price for crude oil closed at $80.82, down 1.8% from last week.
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