Calculated Risk

SEPTEMBER 10, 2022

At the Calculated Risk Real Estate Newsletter this week: • 1st Look at Local Housing Markets in August • Homebuilder Comments in August: Increased Incentives Helping Sales • Black Knight Mortgage Monitor: "Total market leverage was just 42% of mortgaged homes’ values, the lowest on record" • Lawler: Are “National” Home Prices Already Falling? • The Sharp Slowdown in Year-over-year House Price Growth This is usually published 4 to 6 times a week and provides more in-depth analysis of the housing

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Wealth Management

SEPTEMBER 10, 2022

The $233 million Neuberger Berman Commodity Strategy Fund (NRBAX) is set to become an active, fully transparent ETF in the fourth quarter of 2022.

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Calculated Risk

SEPTEMBER 10, 2022

From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. If you were expecting August rail traffic to provide a definitive statement regarding the state of the economy, well, get used to disappointment. As in June and July, rail traffic in August was relatively evenly balanced between categories with carload gains and those with declines. emphasis added Click on graph for larger image.

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Economy 237

The Big Picture

SEPTEMBER 10, 2022

This week, we speak with Kristen Bitterly Michell, Head of North American Investments for Citi Global Wealth, which manages $800 billion in client assets. Previously, she was Head of Structured Solutions at Citi. Prior to joining Citi, she led structured product sales to Latin American investors at Credit Suisse and provided structured derivative solutions to private investor clients at JPMorgan.

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Calculated Risk

SEPTEMBER 10, 2022

From BofA: We updated our 3Q US GDP (Gross Domestic Product) [1.1% q/q saar] tracking estimate from July trade data, where the narrowing of the trade deficit to $70.6bn was broadly in line with our expectation, although the goods deficit was revised slightly higher from the advance estimate. Net trade is poised to make a substantial contribution to growth in 3Q.

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A Wealth of Common Sense

SEPTEMBER 10, 2022

I’m not a fan of blaming the Fed for everything you don’t like about the markets or the economy. Markets have always been rigged or manipulated. Truly free markets are a pipe dream. You have to invest in the markets as they are, not as you wish them to be. Having said that, the Fed deserves some blame for what’s going on in the housing market.

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Marketing Marketing Economy Investing 145

Calculated Risk

SEPTEMBER 10, 2022

The key economic reports this week are August Consumer Price Index (CPI) and Retail Sales. For manufacturing, August Industrial Production, and the September New York and Philly Fed surveys, will be released this week. -- Monday, Sept 12th -- No major economic releases scheduled. -- Tuesday, Sept 13th -- 6:00 AM: NFIB Small Business Optimism Index for August. 8:30 AM: The Consumer Price Index for August from the BLS.

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Meb Faber Research

SEPTEMBER 10, 2022

Whitney Baker, Totem Macro – Put Down (The Best Investment Writing Volume 6) Author: Whitney Baker is the founder of Totem Macro, which leverages extensive prior buyside experience to create unique research insights for an exclusive client-base of some of the world’s preeminent investors. Previously, Whitney worked for Bridgewater Associates as Head of Emerging Markets and […].

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Investing Investments Clients Marketing 69

Dear Mr. Market

SEPTEMBER 10, 2022

Dear Mr. Market: “In the business world the rearview mirror is always clearer than the windshield.” Everyone following the markets is aware that we’re dealing with global economic stresses, a bottle necked supply chain, geopolitical tensions, 40 year highs with inflation, rising rates, and literally the worst start to a stock market year since 1970.

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Accounting Economics Economy Marketing 59

The Big Picture

SEPTEMBER 10, 2022

The weekend is here! Pour yourself a mug of Volcanica coffee, grab a seat on the aisle, and get ready for our longer-form weekend reads: • An economist studied popular finance tips. Some might be leading you astray : Thinkfluencers versus economists: Economists may know a lot about how people should act. But, as an empirically minded behavioral economists, we recognize that people don’t act this way.

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Math Wealth Management Accounting Media 312

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.

Management

Random Roger's Retirement Planning

SEPTEMBER 10, 2022

But first is this quick write up about how well the FolioBeyond Rising Rates ETF (RISR) has done this year as bonds have been crushed. This chart offers context. RISR has a few moving parts but basically is hedges interest rate risk via a negative duration. WisdomTree used to have one or two negative duration ETFs too but I can't find them, maybe they closed.

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Numbers Retirement Planning Planning Retirement 91

Calculated Risk

SEPTEMBER 10, 2022

On COVID (focus on hospitalizations and deaths): COVID Metrics Now Week Ago Goal New Cases per Day 2 67,400 85,866 ?5,000 1 Hospitalized 2 28,999 31,368 ?3,000 1 Deaths per Day 2 318 435 ?50 1 1 my goals to stop daily posts, 2 7-day average for Cases, Currently Hospitalized, and Deaths ?? Increasing 7-day average week-over-week for Cases, Hospitalized, and Deaths ?

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