The Reformed Broker
JANUARY 21, 2023
Hung with my friends Haley Sacks (Mrs. Dow Jones), Pat McAuliffe (Barstool Sports) and Gabe Walker (PRE.VEYOR) at the Knicks game this week. That’s after doing Closing Bell from the NYSE and then a quick slice at Joe’s Pizza (“Famous Since 1975). A very New York night, really reminded me of what I love so much about this town, despite its flaws and annoyances.
The Big Picture
JANUARY 21, 2023
The weekend is here! Pour yourself a mug of Colombia Tolima Los Brasiles Peaberry Organic coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The Art and Science of Spending Money : Money “the greatest show on earth” because of its ability to reveal things about people’s character and values. How people invest their money tends to be hidden from view.
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Abnormal Returns
JANUARY 21, 2023
EVs EVs made up 10% of global auto sales in 2022. (wsj.com) Toyota ($TM) pioneered hybrids, so have they resisted EVs? (slate.com) How Hertz ($HTZ) plans to help cities build charging networks. (axios.com) Why electric trucks at U.S. ports would help reduce air pollution. (marketwatch.com) In an ideal world, EVs are a part of the broader grid. (wired.com) Environment Where do California's reservoirs now sit, capacity-wise?
The Big Picture
JANUARY 21, 2023
This week, we speak with Steven Klinsky, founder and CEO of New Mountain Capital , which runs over $37 billion in assets under management. Prior to founding New Mountain Capital in 1999, Klinsky was co-founder of the leveraged buyout group at Goldman Sachs, where he helped execute over $3 billion of pioneering transactions for Goldman and its clients.
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.
Calculated Risk
JANUARY 21, 2023
At the Calculated Risk Real Estate Newsletter this week: • NAR: Existing-Home Sales Decreased to 4.02 million SAAR in December Median Prices Down 11.3% from Peak in June 2022 • December Housing Starts: Record Number of Housing Units Under Construction • 4th Look at Local Housing Markets in December California Home Sales down 44% YoY in December; Prices Down 2.8% YoY • The Housing Bubble and Mortgage Debt as a Percent of GDP • Homebuilder Price Cuts This is usually published 4 to 6 times a week a
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Calculated Risk
JANUARY 21, 2023
The key reports scheduled for this week are the advance estimate of Q4 GDP, December New Home sales and December Personal Income and Outlays. For manufacturing, the Richmond and Kansas City Fed manufacturing surveys will be released. -- Monday, January 23rd -- No major economic releases are scheduled. -- Tuesday, January 24th -- 10:00 AM: Richmond Fed Survey of Manufacturing Activity for January. 10:00 AM: State Employment and Unemployment (Monthly) for December 2022 -- Wednesday, January 25th -
Advisor Perspectives
JANUARY 21, 2023
The America First trade that sent money gushing to the US over the past three years is finally starting to lose its shine as market optimism gravitates back to unloved markets outside of the world’s biggest economy.
Advisor Perspectives
JANUARY 21, 2023
China’s equity benchmark is closing in on a bull market as foreign investors rush to buy local shares on bets that the nation’s economic reopening and supportive policies will accelerate the market’s rebound.
Advisor Perspectives
JANUARY 21, 2023
Cathie Wood is back to selling JD.com Inc. shares after a hiatus of about six months as Chinese technology stocks see a historic rebound helped by regulatory easing.
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Advisor Perspectives
JANUARY 21, 2023
A January survey conducted by Bank of America shows that 91% of money managers believe China will “fully reopen” in 2023. That’s a significant increase from December 2022. Growth expectations for the country are also at a 17-year high.
Advisor Perspectives
JANUARY 21, 2023
Market watchers on Wall Street attribute this week’s stock selloff to the insidious threat of recession.
Advisor Perspectives
JANUARY 21, 2023
The world’s leading CEOs, politicians, and various do-gooders were in Davos, Switzerland, this week, discussing ways to solve our collective problems and create opportunities for their own companies. The most important conversations were off the record and many of the public speeches were simply performance art.
Advisor Perspectives
JANUARY 21, 2023
It’s as close to a sure-thing bet as markets ever offer.
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.
Advisor Perspectives
JANUARY 21, 2023
The recurring farce of lifting the US government debt ceiling began again this week.
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