Abnormal Returns
JULY 12, 2023
Podcasts Jeff Ptak and Christine Benz talk with William Bernstein about the update version of his book "The Four Pillars of Investing." (morningstar.com) Camerson Passmore and Benjamin Felix talk with Prof. James Choi about how economic theory explains consumer behavior. (rationalreminder.libsyn.com) Dave Nadig talks ETFs and more with FactSet’s Elisabeth Kashner.
Calculated Risk
JULY 12, 2023
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 7, 2023. This week’s results include an adjustment for the observance of Independence Day.
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Wealth Management
JULY 12, 2023
While scams like email impersonation and phishing are nothing new, generative AI has supercharged the risks by introducing new threats, including deepfakes and malicious chatbots.
Envision Wealth Planning
JULY 12, 2023
Misunderstood Student Loan Repayment Issues Most of our clients have a professional degree gained from going to college. Unfortunately, many people, not coming from wealthier families, found themselves needing to take on student loan debt to fund their college education. It is so easy to simply sign the document saying that you will repay those loans when you’re done with college.
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
JULY 12, 2023
Wall Street is finding ways to trade the “special rebalance” of the Nasdaq 100 as the overconcentration of mega-cap firms breaches an upper limit in the tech-heavy gauge. They’re investing in QQQE.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
JULY 12, 2023
Carolyn Armitage, who ran Thrivent's independent advisor platform, was laid off, in addition to four other executives on her team. The firm is also halting recruiting new advisors to its RIA.
Advisor Perspectives
JULY 12, 2023
I’m always stunned by how very smart people can struggle with ways to communicate clearly and effectively so the audience knows what’s being shared.
Wealth Management
JULY 12, 2023
Executives say the funding will fuel the next stage of growth for PCIA, which has already expanded assets by some 700% since early 2018.
Calculated Risk
JULY 12, 2023
The BLS reported this morning: The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 2.3 percent over the last 12 months to an index level of 299.394 (1982-84=100). For the month, the index increased 0.3 percent prior to seasonal adjustment. CPI-W is the index that is used to calculate the Cost-Of-Living Adjustments (COLA).
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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.
Clever Girl Finance
JULY 12, 2023
Let’s be real for a second – there’s a stigma in place when it comes to education. People who don’t go to college are often seen as having less earning potential. But that’s flat-out wrong on so many levels because there are jobs that pay well without a degree! It’s possible to be successful no matter your education level. And we’re here to prove it.
Wealth Management
JULY 12, 2023
The Texas-based firm doubles Captrust’s tax division while strengthening ultra-high-net-worth and family office services.
Advisor Perspectives
JULY 12, 2023
Investors will not be willing to pay an above-average valuation for what will seem like below-average profit growth.
Calculated Risk
JULY 12, 2023
From the BLS : The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in June on a seasonally adjusted basis, after increasing 0.1 percent in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.0 percent before seasonal adjustment. The index for shelter was the largest contributor to the monthly all items increase, accounting for over 70 percent of the increas e, with the index for motor vehicle insurance also contr
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.
A Wealth of Common Sense
JULY 12, 2023
Today’s Animal Spirits is brought to you by YCharts: See YCharts latest monthly market wrap for June here. On today’s show, we discuss: Getting Long-Term Bullish America’s Retirees Are Investing More Like 30-Year-Olds Disney World Hasn’t Felt This Empty in Years The ‘Great Resignation’ Is Over. Can Workers’ Power Endure?
Advisor Perspectives
JULY 12, 2023
In his latest paper, James Montier lays out a framework for spotting what he terms “slow burn Minsky moments,” or the economic vulnerabilities associated with the build-up of private sector debt.
Wealth Management
JULY 12, 2023
Seven factors that life insurance carriers consider regarding marijuana use.
Trade Brains
JULY 12, 2023
Fundamental Analysis of RVNL: The stock of Rail Vikas Nigam Ltd. (RVNL) has delivered eye-popping returns in the last twelve months. The shares have gone up by approximately 300% making its investors ecstatic. So what makes this rail PSU such an attractive stock? Can new investors expect the same multi-bagger returns in the future? What should present investors do?
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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.
Wealth Management
JULY 12, 2023
Open, honest and candid discussions about the latest news in the RPA industry.
Advisor Perspectives
JULY 12, 2023
Churchill Asset Management invests in middle-market companies. It is part of Nuveen, and it raises capital from investors through comingled funds, separately managed accounts, business development companies (BDCs) and collateralized loan obligations (CLOs). In February, Nuveen and Churchill announced the launch of PCAP, a BDC that offers individual investors access to private capital investments across the U.S. middle market.
Wealth Management
JULY 12, 2023
The Senate probe of the controversial PGA Tour-LIV Golf merger hearing is underway.
Calculated Risk
JULY 12, 2023
Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Minneapolis based on information collected on or before June 30, 2023." Overall economic activity increased slightly since late May. Five Districts reported slight or modest growth, five noted no change, and two reported slight and modest declines. Reports on consumer spending were mixed; growth was generally observed in consumer services, but some retailers noted shifts away from discretionary spending.
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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!
Wealth Management
JULY 12, 2023
Make sure that clients are using the right valuation.
Calculated Risk
JULY 12, 2023
Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-July A brief excerpt: Interestingly, new home inventory is close to a record percentage of total inventory. This graph uses Not Seasonally Adjusted (NSA) existing home inventory from the National Association of Realtors® (NAR) and new home inventory from the Census Bureau ( only completed and under construction inventory ).
Wealth Management
JULY 12, 2023
These funds took in the most money over the past 30 days.
Calculated Risk
JULY 12, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. The better-than-expected inflation data today pushed down mortgage rates. Thursday: • At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for 245 thousand initial claims, down from 248 thousand last week. • At 8:30 AM, The Producer Price Index for June from the BLS.
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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.
Discipline Funds
JULY 12, 2023
One of our big calls coming into 2023 was that this would be “the year of disinflation” I have to admit though – by some measures it’s happening even faster than I expected. Inflation is slowing fast, but is that a good thing or a bad thing? Let’s dig into it. Headline CPI came in at 3.1%. Core CPI (ex food and energy) came in at 4.8%.
Meb Faber Research
JULY 12, 2023
Episode #489: Steve Klinsky, New Mountain Capital – Private Equity Titan Guest: Steven Klinsky is the founder and CEO of New Mountain Capital. Mr. Klinsky was co-founder of the Leverage Buyout Group of Goldman Sachs & Co. (“Goldman”) (1981-1984), where he helped execute over $3 billion of pioneering transactions for Goldman and its clients.
Calculated Risk
JULY 12, 2023
The Cleveland Fed released the median CPI and the trimmed-mean CPI. According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.1% in June. The 16% trimmed-mean Consumer Price Index also increased 0.1% in June. "The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics’ (BLS) monthly CPI report".
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