The Big Picture
OCTOBER 1, 2022
“ Are we there yet? ” is not just a line from the kids the in the back of the car. It’s a question that investors, speculators, and professional traders have been asking themselves. The tl:dr is almost. We are almost there – down ~25% this year (so far). I wouldn’t call this an orderly sell-off, but it also hasn’t been the sort of collapse associated with true crashes like the 2000 tech wreck or the subprime mortgage/derivatives crisis.
Abnormal Returns
OCTOBER 1, 2022
The biz Podcasters are not above using tricks to boost downloads. (bloomberg.com) Why the podcasting world seems so tired these days. (garbageday.email) Business Barry Ritholtz talks with Steve Case about his career at AOL and investing in startups today. (ritholtz.com) Benjamin Gilbert and David Rosenthal take a deep dive into the history and strategy of Benchmark Capital.
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The Big Picture
OCTOBER 1, 2022
. This week, we speak with science journalist David McRaney, who investigates the psychology of reasoning, decision-making and judgment on his blog “ You Are Not So Smart.” The blog, which he launched in 2009, spawned a bestselling book, now available in 17 languages, as well as a podcast. McRaney’s most recent book, “ How Minds Change: The Surprising Science of Belief, Opinion, and Persuasion ,” came out this year.
Nerd's Eye View
OCTOBER 1, 2022
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that a former Department of Labor official expects that it will take until next year for the agency to release new rules that would likely expand the number of financial professionals who must provide a fiduciary standard of care when providing investment recommendations for 401(k), individual retirement accounts, and other plans.
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The Big Picture
OCTOBER 1, 2022
The new BMW XM Hybrid is a lot of things: a high horsepower, very expensive, top-of-the-line SUV, that is the first hybrid from BMW Motorsports GmbH, aka “M” sports division. The specs on the Plug-in hybrid powertrain are impressive: -TwinPower Turbo, 4.4-liter V-8 engine. -644HP + 590lb-ft of torque. -0-60 mph in 4.1 seconds. -8-speed M Steptronic transmission. -194-hp electric motor. -317-volt battery pack 25.7-kWh battery pack (30 miles e-driving range).
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The Big Picture
OCTOBER 1, 2022
Welcome to October! The weekend is here, so pour yourself a mug of Porto Rico Import coffee, grab a seat on the sofa, and get ready for our longer-form weekend reads: • The Great Bluff: How the Ukrainians Outwitted Putin’s Army : Russia’s army was thought to be vastly superior. But Ukraine has nevertheless managed to secure an almost unbelievable coup, taking back huge swaths of territory in the northeast.
The Reformed Broker
OCTOBER 1, 2022
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Katie Stockton, and Downtown Josh Brown discuss bear markets, separating the signal from the noise, the VIX, technicals vs fundamentals, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!
The Irrelevant Investor
OCTOBER 1, 2022
For just the third time in a long time, the stock market has declined for three consecutive quarters. Things feel dark out there, and investors are losing hope. But for those of us that are still contributing money to their future, this bear market should not be met with anxiety, but with open arms. If you were contributing $100 every month to SPY, you would have been able to purchase half a share at the beginning of 201.
Calculated Risk
OCTOBER 1, 2022
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released yesterday from Chief Economist Danielle Hale and Jiayi Xu: Weekly Housing Trends View — Data Week Ending Sep 24, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory continued to grow, and improved 29% above one year ago.
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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.
Pragmatic Capitalism
OCTOBER 1, 2022
Here are some things I am thinking about heading into the weekend. 1) Balancing Intrinsic and Extrinsic goals to achieve happiness.
The Irrelevant Investor
OCTOBER 1, 2022
The world has turned upside down, or right side up, depending on your perspective. Everything that worked during the pandemic is unraveling on the other side of it. Nose bleed valuations are getting knee clubbed by a combination of high inflation and rising interest rates. These darlings of 2020 are down 80% or more from their all-time high. It’s tempting to try and catch a bottom in exciting names that are down so.
Calculated Risk
OCTOBER 1, 2022
The BEA released the Personal Income and Outlays, August 2022 and Annual Update report: Personal income increased $71.6 billion (0.3 percent) in August , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $67.6 billion (0.4 percent) and personal consumption expenditures (PCE) increased $67.5 billion (0.4 percent).
Clever Girl Finance
OCTOBER 1, 2022
Hearing the word recession creates a feeling of discomfort for many. After all, recessions come with a lot of negatives like stock market declines, job losses , and more. But you need to know how to prepare for a recession and still thrive financially. Preparing for a recession is essential to your financial security. Knowing how it affects the economy and your finances and taking key steps will help you during an economic downturn.
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.
Wealth Management
OCTOBER 1, 2022
Despite delays and glitches, the third-annual AdviceTech.Live was well-balanced between new tech demos and lively panels, raised $32,000 for financial planning-related organizations, and demonstrated that virtual-only advisor conferences—born out of the pandemic—should be here to stay, our technology columnist says.
Your Richest Life
OCTOBER 1, 2022
After making landfall as a major hurricane, Hurricane Ian caused exceptional damage and serious impacts for residents in its path. This storm, like many before it, caused destruction that will require weeks, months and even years of recovery and rebuilding efforts. These storms, like tornadoes, earthquakes and blizzards, are an unfortunate fact of life.
Calculated Risk
OCTOBER 1, 2022
Today, in the Calculated Risk Real Estate Newsletter: Goldman See US House Prices Falling 5% to 10% Excerpt: The recent weakness in the housing market, combined with mortgage rates close to 7% , have led to some downwards revisions to house price forecasts. For example, from Goldman Sachs economists today: Our G10 home price model suggests sizable nominal home prices declines from the peak of around 15% in Canada, 5-10% in the US, and under 5% in the UK. … We view the risks to these estimates as
Wealth Management
OCTOBER 1, 2022
Retired CEO of Pershing Advisor Solutions Mark Tibergien on what it will take for growing RIAs to thrive as consolidation shapes the future of wealth management.
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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.
A Wealth of Common Sense
OCTOBER 1, 2022
I’ve been wrong a lot in my life. I was wrong to think Joey Harrington and Charles Rogers were going to be the saviors for the Detroit Lions. I was wrong when I let my brother drive my 1989 Honda Accord from Michigan to Martha’s Vineyard to visit friends when I was in high school (it broke down immediately when he brought it back). I was wrong to stock up on boot-cut jeans right before the slim look was abou.
Wealth Management
OCTOBER 1, 2022
The proposed LTC Trust Act would require employees to pay a percentage of their incomes (via a payroll tax) into the state’s long-term care fund.
Darrow Wealth Management
OCTOBER 1, 2022
Is retiring with a mortgage a good idea? Most individuals will jump through hoops to live mortgage-free, regardless of whether it makes the most sense financially. Sure, all else equal, it’s always better to reduce your expenses. But in most cases, all isn’t equal: paying off a mortgage early or forgoing one entirely typically comes at the expense of something else.
Wealth Management
OCTOBER 1, 2022
These three advisor technology providers stood out from the pack, according to Senior Technology Editor Davis Janowski.
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Calculated Risk
OCTOBER 1, 2022
From BofA: Overall, the data since our last weekly publication and our updated assumptions on trade boosted our 3Q US GDP tracking from 0.8% q/q saar to 1.5% q/q saa r. [September 30th estimate] emphasis added From Goldman: Following this morning’s data and yesterday’s revisions, we have lowered our Q3 GDP tracking forecast by 0.5pp to +0.9% (qoq ar).
Wealth Management
OCTOBER 1, 2022
Warburg Pincus will remain majority owner of the recapitalized Kestra Holdings.
Alpha Architect
OCTOBER 1, 2022
This article discusses what academic research says about the relationship between the demand for leverage and management fees. The Relationship Between the Demand for Leverage and Management Fees was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Wealth Management
OCTOBER 1, 2022
FATCA, aimed at cracking down on offshore tax evasion, is hurting accidental US citizens who can’t open bank accounts.
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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.
Random Roger's Retirement Planning
OCTOBER 1, 2022
Barron's has an article titled How To Diversify Your Portfolio With Alternative Investments. It's a long read that tries to go deep but there are couple of points that I think will lead anyone who is new to the concept down an unproductive path. The article cites nine different alt categories, some of the names were very vague, which I think complicates the task of how research is done.
Wealth Management
OCTOBER 1, 2022
Common sense isn’t always common practice.
Calculated Risk
OCTOBER 1, 2022
The key report this week is the September employment report on Friday. Other key indicators include the September ISM Manufacturing and Services indices, September auto sales and the August trade deficit. -- Monday, Oct 3rd -- 10:00 AM: ISM Manufacturing Index for September. The consensus is for a reading of 52.2, down from 52.8 in August. 10:00 AM: Construction Spending for August.
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