Abnormal Returns
DECEMBER 26, 2023
Quant stuff You don't want your AI model to 'hallucinate' when analyzing SEC filings. (cnbc.com) A round-up of recent research on portfolio design including 'Outperforming Equal Weighting.' (capitalspectator.com) Regime changes happen in markets. (priceactionlab.com) Research Can machine learning help select outperforming mutual funds? (alphaarchitect.com) The Achilles heel of momentum strategies is tail risk.
Nerd's Eye View
DECEMBER 26, 2023
Welcome everyone! Welcome to the 365th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Rob Nelson. Rob is the CEO and Founder of NorthRock Partners, an RIA based in Minneapolis, Minnesota, that oversees $5 billion in assets under management for 1,500 client households. What's unique about Rob, though, is how while many advisory firms increasingly talk about being more than 'just' their client's financial advisor and instead their entire 'personal CFO', Rob has b
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Abnormal Returns
DECEMBER 26, 2023
Markets Nick Maggiulli, "What will cause the next market decline? I have no clue." (ofdollarsanddata.com) It's not news that the stock market goes up most years. (humbledollar.com) Finance Bank of America ($BAC) has turned around its trading division. (ft.com) The most active growth stage investors of 2021-22 have pulled WAY back. (news.crunchbase.com) Global Is China's stock market finally cheap enough for another look?
A Wealth of Common Sense
DECEMBER 26, 2023
In late-2019, The Economist put out a 150 page report called The World in 2020 that offered some predictions for the coming year in geopolitics and the economy. The issue was full of thoughts and ideas from CEOs, economists, scientists, politicians and business leaders about what was coming in the year ahead. These thought leaders were worried about the lasting impacts of Brexit, the upcoming U.S.
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
DECEMBER 26, 2023
The Conference Board Leading Economic Index (LEI) fell for a 20th consecutive month in November as the LEI suggests a downshift in economic activity ahead. The index dropped 0.5% from last month to 103.0, the index's lowest reading since May 2020.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Advisor Perspectives
DECEMBER 26, 2023
“I believe the overall market will be up 10% to 15% from today's level by the end of 2024,” said Jeremy Siegel in our annual interview.
Alpha Architect
DECEMBER 26, 2023
For many benchmark predictor variables, short-horizon return predictability in the U.S. stock market is local in time as short periods with significant predictability (“pockets”) are interspersed with long periods with no return predictability. Are stock returns predictable at different points in time? was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Advisor Perspectives
DECEMBER 26, 2023
The final estimate for Q3 GDP came in at 4.87%, an acceleration from 2.06% for the Q2 final estimate. With a per-capita adjustment, the headline number is lower at 4.26%, an increase from 1.60% for the Q2 headline number.
Calculated Risk
DECEMBER 26, 2023
Today, in the Calculated Risk Real Estate Newsletter: FHFA’s National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores A brief excerpt: Here are some graphs on outstanding mortgages by interest rate, the average mortgage interest rate, borrowers’ credit scores and current loan-to-value (LTV) from the FHFA’s National Mortgage Database through Q3 2023 (released last Friday).
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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.
Advisor Perspectives
DECEMBER 26, 2023
The Conference Board's Consumer Confidence Index® ended the year with a surge as it climbed 9.7 points from last month, marking its largest monthly increase in almost 3 years. The index increased to 110.7 from November's downwardly revised 101.0. This month's reading was better than expected, exceeding the 103.8 forecast.
The Irrelevant Investor
DECEMBER 26, 2023
Today’s Animal Spirits is brought to you by YCharts: See here for our YCharts year-end strategy session recap. On today’s show, we discuss: A second mountain in inflation? Cuban: Tech bubble worse now than 15 years ago Vanguard is closer than ever to ending BlackRocks ETF reign Housing market update: Declining mortgage rates lure sellers off sidelines, paving way for 2024 buyers Free land in the US: 16 small towns.
Advisor Perspectives
DECEMBER 26, 2023
Advisors are being asked to provide their clients with a full suite of solutions, ranging from estate and tax planning to portfolio management, and everything in between. Clients are increasingly eager to gain access to fully customizable solutions that meet their individual needs. Advisors, meanwhile, are facing constraints while grappling with a volatile market, and their relationships with clients are being tested.
Cornerstone Financial Advisory
DECEMBER 26, 2023
Weekly Market Insights : Investors Boost Stocks Ahead Of Holiday Week Investor optimism and fears of missing out on future gains propelled stocks higher in the last full week of trading before year-end. The Dow Jones Industrial Average added 0.22%, while the Standard & Poor’s 500 gained 0.75%. The Nasdaq Composite index advanced 1.21% for the week.
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
DECEMBER 26, 2023
Personal income ( excluding transfer receipts ) rose 0.5% in November and is up 5.7% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.6% month-over-month and 2.9% year-over-year.
Million Dollar Round Table (MDRT)
DECEMBER 26, 2023
By Matt Pais, MDRT Content Specialist It’s no secret that people can see physical results from working out their bodies. Yolie Aleman-Rodriguez , a five -year MDRT member from Tolleson, Arizona, also sees results from working out her mind. Before she exercises for one hour each morning, she reads for an hour — it might be a book pertaining to her career, a biography of a leader like John F.
Advisor Perspectives
DECEMBER 26, 2023
FINRA has released new data for margin debt, now available through November. The latest debt level rose for the first time in four months to $660.89 billion. Margin debt is up 4.0% month-over-month (MoM) and up 2.7% year-over-year (YoY). However, after adjusting for inflation, debt level is up 4.2% MoM and down 0.5% YoY.
The Irrelevant Investor
DECEMBER 26, 2023
It’s time to review my list of predictions from 2023 to see what I got right and what I got wrong. Here’s what I wrote a year ago: Market predictions are silly. We all learned this a long time ago. But that doesn’t mean they’re completely worthless. Even though forecasts are almost always wrong, they can be entertaining and educational. That’s all I’m trying to do with this post.
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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 Perspectives
DECEMBER 26, 2023
Something odd is happening to the world’s most valuable resource. Time is simultaneously speeding up and slowing down. We live in a world of instant communications and superfast internet. We also live in a world of infrastructure projects that crawl along for decades.
Financial Symmetry
DECEMBER 26, 2023
As we continually help people reach for their ideal retirement we help them with their investing. Still, we also continually look for new sources of information to refresh our own perspectives but to also help our clients freshen their thinking … Continued The post 15 Surprising Financial Facts to Round out 2023, Ep #206 appeared first on Financial Symmetry, Inc.
Advisor Perspectives
DECEMBER 26, 2023
Consumer sentiment soared in December, erasing all declines from the past four months, according to the final report for the Michigan Consumer Sentiment Index. The index came in at 69.7, up 8.4 (13.7%) from the November final. The latest reading was above the forecast of 69.
Calculated Risk
DECEMBER 26, 2023
Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 4.8% year-over-year in October Excerpt: S&P/Case-Shiller released the monthly Home Price Indices for October ("October" is a 3-month average of August, September and October closing prices). October closing prices include some contracts signed in June, so there is a significant lag to this data.
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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
DECEMBER 26, 2023
The growing gap between the rate on the Federal Reserve’s nascent funding facility and what the central bank pays institutions parking reserves suggests officials will let the program expire in March, according to Wrightson ICAP.
Trade Brains
DECEMBER 26, 2023
Strip Options Strategy : In the financial markets, trading options can be quite rewarding, but it can also be difficult. Fortunately, various types of strategies are practised to be profitable in different market conditions. One such strategy to know is the Strip Options Strategy. In this article, we shall explore the bearish biased neutral options strategy i.e., the Strip Options Strategy.
Advisor Perspectives
DECEMBER 26, 2023
The Federal Housing Finance Agency (FHFA) house price index (HPI) continued to increase in October, coming in at 416.3. U.S. house prices increased by 0.3% from the previous month and by 6.3% from one year ago. After adjusting for inflation, the real index is up 0.4% month-over-month and up 4.8% year-over-year.
Calculated Risk
DECEMBER 26, 2023
From Matthew Graham at Mortgage News Daily: Uncanny Absence of Volatility Continues For Mortgage Rates After dropping precipitously from over 8% in late October to well under 7% by December 14th, mortgage rates have been stone silent. In the 7 business days that have followed, the average top tier 30yr fixed rate hasn't moved enough to impact the typical mortgage quote.
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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
DECEMBER 26, 2023
In November, nominal home values increased for a 8th straight months while "real" home values fell for a 3rd straight month. Last month's ZHVI came in at $346,048, up 0.19% from the previous month and up 2.24% from one year ago. However, after adjusting for inflation, the real figures are -0.31% month-over-month and -4.16% year-over-year.
Calculated Risk
DECEMBER 26, 2023
Two key points: 1) There is a clear seasonal pattern for house prices. 2) The surge in distressed sales during the housing bust distorted the seasonal pattern. This was because distressed sales (at lower price points) happened at a steady rate all year, while regular sales followed the normal seasonal pattern. This made for larger swings in the seasonal factor during the housing bust.
Advisor Perspectives
DECEMBER 26, 2023
The market has been indecisive but with reason. 2023 has been filled with strong opinions however, many of the opinions are of contrasting beliefs. Reading the future is not easy.
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