The Big Picture
OCTOBER 28, 2022
is Mr. Market daring Jerome Powell to keep raising rates? That’s one way to read into today’s surging market — Nasdaq up 2.9%, the Dow tacking on over 800 points (2.6%), and the S&P 500 added 2.5%. Despite the carnage in big-cap tech stocks like Facebook, Amazon and Google, the Nasdaq is up 2% for the past week. The S&P500 has gained nearly 4% for the week, and is up almost 7% for the past 30 days.
Nerd's Eye View
OCTOBER 28, 2022
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the SEC has proposed a rule that would require RIAs to conduct enhanced due diligence and recordkeeping when using certain outsourced investment management services and other third-party service providers. While the rule is currently in the public comment stage, given the growing popularity of outsourcing certain tasks to free up time for other planning a
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The Big Picture
OCTOBER 28, 2022
The Rolls Royce Spectre is the first electric car to come from the luxe auitomasker (owned by BMW); its all-electric powertrain produces 577 horsepower and 664 pound-feet of torque. The stats are impressive: 0-to-60 mph = 4.4 seconds. Top speed of 155 mph. 577 horsepower and 664 pound-feet of torque. Total driving range 260 miles. Charge from 10-80% full in 34 minutes.
Abnormal Returns
OCTOBER 28, 2022
Bonds The bond market is setting all sorts of historical records this year. (ft.com) Why TIPS failed just when investor needed them the most. (morningstar.com) Twitter Elon Musk tried to wriggle out of it, but he is now the proud owner of Twitter. (axios.com) Twitter's time as a public company was a relative disappointment for shareholders. (finance.yahoo.com) Apple Apple ($AAPL) is working hard to rid itself of excess cash.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
The Big Picture
OCTOBER 28, 2022
My end-of-week morning train WFH reads: • For Diving FAANG Stocks, It’s the End of an Era : The five FAANG stocks are on track for their worst simultaneous losses ever, a far cry from their late-2021 highs. The stocks—Facebook parent Meta Platforms, Apple, Amazon, Netflix and Google parent Alphabet—have posted double-digit declines this year for the first time.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Reformed Broker
OCTOBER 28, 2022
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Mary Childs, Matt Levine, and Downtown Josh Brown discuss Matt’s epic cover-to-cover Bloomberg piece on crypto, Elon’s first moves as Twitter owner, Facebook’s collapse, the future of Credit Suisse, the best finance books, and more! You can listen to the whole thing below, or find it wherever you like to listen to yo.
Calculated Risk
OCTOBER 28, 2022
The BEA released the Personal Income and Outlays report for June: Personal income increased $78.9 billion (0.4 percent) in September , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $71.3 billion (0.4 percent) and personal consumption expenditures (PCE) increased $113.0 billion (0.6 percent).
The Irrelevant Investor
OCTOBER 28, 2022
Paul Samuelson once said, “The stock market has predicted nine of the last five recessions.” Said differently, a downturn in the market doesn’t always precede a downturn in the economy. Yes, the stock market is forward-looking, but sometimes it sees things that aren’t there. At its low, the S&P 500 was 25% below its high.
Calculated Risk
OCTOBER 28, 2022
From the National Multifamily Housing Council (NMHC): Apartment Market Softens, Sales Put on Hold Amidst Rising Rates and Economic Uncertainty Rising interest rates caused by the Federal Reserve’s ongoing efforts to combat inflation continue to impact the multifamily business. However, it is worth noting that the overall apartment market has begun to revert to pre-pandemic trends as rent growth is decreasing.
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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.
A Wealth of Common Sense
OCTOBER 28, 2022
There are very few hard and fast rules when it comes to the markets. Nothing works all the time. The greatest investors in the world can go through multi-year periods of underperformance. The dumbest investors in the world can go through multi-year periods of outperformance. These things happen because humans control the financial markets and humans can be erratic at times.
Calculated Risk
OCTOBER 28, 2022
From the NAR: Pending Home Sales Waned 10.2% in September Pending home sales trailed off for the fourth consecutive month in September, according to the National Association of REALTORS®. All four major regions recorded month-over-month and year-over-year declines in transactions. The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, slumped 10.2% to 79.5 in September.
The Irrelevant Investor
OCTOBER 28, 2022
Change is the only constant variable in the market. Startups mature. Incumbents become complacent. Markets get saturated. And so turnover at the top is inevitable. It’s only a matter of time before the king loses his crown. Tech still dominates the top ten list and probably will for some time, but some cracks are starting to appear in their armor.
Wealth Management
OCTOBER 28, 2022
The big fines levied against the big banks is just the beginning. For RIAs to steer clear of the SEC, they need to do more than just prohibiting the usage of certain apps.
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
OCTOBER 28, 2022
30-year mortgage rates are close to a 20 year high. NOTE: COVID stats are updated on Fridays. On COVID (focus on hospitalizations and deaths). Data has switched to weekly. NOTE: Cases have declined by two-thirds from the recent peak, and deaths lag cases - so we might see weekly deaths below 2,000 soon (good news, but still too high). Weekly deaths bottomed in July 2021 at 1,666.
Wealth Management
OCTOBER 28, 2022
While securities volatility lead to slightly lower total assets and soaring cash balances, LPL's earnings report showed strong quarterly recruiting, pulling in $13B in new money and adding 173 advisors.
Alpha Architect
OCTOBER 28, 2022
This article discusses the academic research about the Momentum Gap and the role that its predictive potential may have in reducing momentum crashes, hence possibly improving performance. Mind the Momentum Gap to Improve Performance was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Wealth Management
OCTOBER 28, 2022
In the first episode of this relaunched series, industry leaders discuss how the lack of succession planning among advisors is creating issues for them and their clients.
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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.
Advisor Websites
OCTOBER 28, 2022
Nowadays, people are more interested in content that is helpful and informative as opposed to content that is sales-driven.
Wealth Management
OCTOBER 28, 2022
This week alone brought news of an Orion, Redtail and Snappy Kraken mashup; a FMG and Catchlight partnership; and Envestnet's continued expansion plans.
Steven J. Wilson
OCTOBER 28, 2022
There are several business models that business-to-business (B2B) organizations can adopt. The most common include product/service provision, subscription, and commission. Each of these models has its own advantages and disadvantages. Product/service provision is the simplest business model for B2B organizations. In this model, businesses provide products or services to other businesses.
Wealth Management
OCTOBER 28, 2022
This week alone brought news of a Orion, Redtail and Snappy Kraken mashup; an FMG and Catchlight partnership; and Envestnet's continued expansion plans.
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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!
Mullooly Asset Management
OCTOBER 28, 2022
In this week’s podcast, the guys discuss the most recent examples of the stock market looking ahead of the economy. Tim, Tom, Brendan and Casey discuss how the stock market performs relative to GDP, the unemployment rate and earnings. They also debate whether or not the market is “valued” appropriately in comparison to past drawdowns. […] In this week’s podcast, the guys discuss the most recent examples of the stock market looking ahead of the economy.
Wealth Management
OCTOBER 28, 2022
Cohen & Company's Camille Clemons discusses the best practices for entering the ETF industry.
Steven J. Wilson
OCTOBER 28, 2022
The objective of digital marketing for B2B is usually to close more deals in less time by building relationships and trust with potential customers and providing them with the information they need to make a purchasing decision. Now that digital marketing is a more accepted part of the B2B sales and marketing process, it’s time. Read more. The post Digital Marketing For B2B: 10 Tips Close More Deals In Less Time appeared first on Steven J.
Wealth Management
OCTOBER 28, 2022
Meta, Amazon and other beleaguered companies are an outsized part of many of the most popular funds.
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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.
Tobias Financial
OCTOBER 28, 2022
Tobias Financial Advisors is proud to announce that our CEO Marianela Collado will serve as a speaker on CNBC Your Money 2022 on Tuesday, November 1 st at 12:00 PM ET. The program features financial professionals who explore ways to maximize finances while navigating challenges such as inflation, building a financial safety net, and investing for a brighter future. .
Wealth Management
OCTOBER 28, 2022
Three key factors that help open doors.
James Hendries
OCTOBER 28, 2022
As we approach the end of the year, you may want to review areas that may impact your wealth and estate planning next year. In this year-end planning guide, we examine four critical areas to consider that may affect your finances: Generational wealth transfer- Generational wealth transfer may become more important when an event occurs, such as a death, a marriage, or the birth of a new family member.
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