The Big Picture
AUGUST 5, 2022
Source: Visual Capitalist. It’s light summer posting season! I am heading out of town for a wedding, and then on to the “ Shadow Kansas City Federal Reserve Board ” next week, then some family gatherings. Meanwhile, mull over this chart of the 20 fastest growing jobs over the next decade. Enjoy what’s left of the Summer! The post What Employment Sectors Are Growing the Fastest?
Abnormal Returns
AUGUST 5, 2022
Business Zack Fuss talks with Christian Bellinger about the business of luxury giant LVMH. (joincolossus.com) Howard Lindzon talks with Will Ahmed, founder and CEO of WHOOP. (howardlindzon.com) Barry Ritholtz talks with Hannah Elliott discuss how EVs are changing driving. (ritholtz.com) Derek Thompson talks with Ted Gioia on why old music is seemingly pushing aside new music.
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The Big Picture
AUGUST 5, 2022
My end-of-week morning train WFH reads: • The stock market can be an emotional roller coaster. It shouldn’t be. There’s how you think about investment risk — and then how you feel about it. ( Vox ). • Gen Z Knows What It Wants From Employers. And Employers Want Them. To tap into the creativity of younger workers, and to offset a labor shortage, companies are offering four-day weeks, club memberships and work-from-anywhere flexibility. ( New York Times ) see also You’re Back at the Office.
Nerd's Eye View
AUGUST 5, 2022
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the SEC has issued a new bulletin clarifying the responsibilities of brokers under Regulation Best Interest (Reg BI). The guidance indicates that, despite early fears that Reg BI was ‘overly accommodating’ to the brokerage industry, the Commission is expecting that reducing conflicts of interest should be an ongoing task for broker-dealers rat
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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
AUGUST 5, 2022
VinFast established in 2017 out of Hanoi, Vietnam, was founded by serial entrepreneur Pham Nhat Vuong — he’s Vietnam’s first billionaire and got his start in business selling instant ramen in the Ukrainian market. They plan to sell two all-electric sport-utility vehicles in the U.S. to start: a midsize SUV, called the VF 8, that starts at $40,700, and a larger VF 9, starting at $55,500.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
AUGUST 5, 2022
Today we celebrate the recovery of all the jobs lost in 2020, and the unemployment rate matching the lowest level since 1969. The headline jobs number in the July employment report was well above expectations, and employment for the previous two months was revised up by 28,000, combined. The participation rate decreased slightly, and the employment-population ratio increased slightly.
Wealth Management
AUGUST 5, 2022
It's more important than ever for financial advisors to cut through the noise of a competitive market and connect with targeted audiences. This free eBook from TIFIN Clout shows you how to create a digital media strategy that resonates with prospects and clients.
Calculated Risk
AUGUST 5, 2022
From the BLS : Total nonfarm payroll employment rose by 528,000 in July, and the unemployment rate edged down to 3.5 percent , the U.S. Bureau of Labor Statistics reported today. Job growth was widespread, led by gains in leisure and hospitality, professional and business services, and health care. Both total nonfarm employment and the unemployment rate have returned to their February 2020 pre-pandemic levels.
Dear Mr. Market
AUGUST 5, 2022
Dear Mr. Market: Dividends! Journalists write about you daily. Investors constantly think and talk about you. Analysts and economists spend their entire careers trying to figure you out. You’re a complex yet simple character, Mr. Market! All that said, today we want to share with our readers a substantial part of you that doesn’t get enough appreciation (pun intended).
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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.
Calculated Risk
AUGUST 5, 2022
From Manheim Consulting today: Wholesale Used-Vehicle Prices Decrease Minimally in July From Seasonal Adjustment Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 0.1% in July from June. The Manheim Used Vehicle Value Index declined to 219.6, up 12.5% from a year ago. The non-adjusted price change in July decreased 3.2% compared to June, leaving the unadjusted average price up 10.2% year over year. emphasis added Click on graph for larger image.
Wealth Management
AUGUST 5, 2022
Eileen Cure was terminated by LPL last summer after accusations of racism against Black job applicants. Now, she's suing the firm for almost $100 million, claiming it stole her clients illegally.
Meb Faber Research
AUGUST 5, 2022
Michael Mauboussin, Counterpoint Global – Everything Is a DCF Model (The Best Investment Writing Volume 6) Author: Michael Mauboussin is Head of Consilient Research on Counterpoint Global at Morgan Stanley Investment Management. Summary: Each year, our team carefully sorts through tons of research from some of the most respected money managers and investment researchers from […].
Calculated Risk
AUGUST 5, 2022
Today, in the Calculated Risk Real Estate Newsletter: New Home Cancellations increased Sharply in Q2 A brief excerpt: First, a few quotes from some Q2 SEC filings: "We believe the recent increases in interest rates during 2022 have caused buyer apprehension, affordability concerns, and an increase in cancellations.", Taylor Morrison Q2 SEC Filing "The magnitude and speed of these recent rate increases has caused many buyers to pause and reconsider a home purchase, resulting in lower gross demand
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.
Walkner Condon Financial Advisors
AUGUST 5, 2022
If we think back to the outset of 2021 – which feels more like 10 years ago than a year and a half – it was easy to overlook inflation, while we focused on rolling out COVID-19 vaccines and the start of a new presidency. But the problems we’re currently facing with the rise in inflation were percolating under the surface. . Back in Dec. 2020, the Federal Reserve estimated that the Personal Consumption Expenditure Price Index (PCE) , which excludes food and energy prices, would rise by 1.8%
Wealth Management
AUGUST 5, 2022
If clients have the stomach to stick it out, this is an opportunity to take short term lemons and make them into long-term gifting lemonade.
Covisum
AUGUST 5, 2022
In the absence of Congressional action, multiple provisions of the Tax Cut and Jobs Act (TCJA) will expire at the end of 2025, and tax rules will revert to what they were before the legislation. The TCJA reduced specific tax brackets and increased the standard deduction. Certain charitable gift deductions moved from 50% to 60%. Additionally, the personal exemption phase-out and the limitation on itemized deductions for some filers were eliminated.
Wealth Management
AUGUST 5, 2022
Buoyed by a private equity infusion, The Mather Group reinforced its regional footprint in D.C. and Houston this week.
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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
AUGUST 5, 2022
Three random thoughts on personal finance, stock-picking and financial mistakes: Banks are the worst. Got this in the mail this week: In a word — ridiculous. Inflation is over 9%. The Fed Funds Rate is now 2.5% and going higher. You can earn 3% on a 6 month T-bill these days. Yet banks are still paying pennies on the dollar to hold your money.
Validea
AUGUST 5, 2022
Marko Kolanovic of JPMorgan Chase & Co is sticking to his calls for risky assets in the second half of this year, expecting stocks to rebound, according to an article in Bloomberg. That expectation makes him one of the few bullish strategists on Wall Street right now. While acknowledging that the outlook is still “challenging,” Kolanovic wrote in a recent note the second half is looking more positive for risk-reward on equities as most of the bad news has now been factored in.
Trade Brains
AUGUST 5, 2022
List of Top Moat Companies in India: Have you ever wondered, if the greatest investor existed in the Indian stock markets, “What stocks would he pick?”. This question got us wondering about Warren Buffet too. Hence we have created a list of Buffets favourite type of stocks existing in the Indian stock market. In this article, we’ll cover the list of top moat companies in India, which is the Warren Buffett style of stocks for investing.
Validea
AUGUST 5, 2022
Bear markets can induce panic-selling in investors who would do better to focus on their long-term goals, and financial advisors need to foster constructive conversations with their clients to see them through these rough times, contends a piece in ThinkAdvisor. It can also be a good chance to pick up new clients by timely, insider information that can help newer investors contextualize the current environment.
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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!
Trade Brains
AUGUST 5, 2022
Top Food and Beverage Stocks to Buy: The dependence on food and beverage has made companies engaged in the business one of the most attractive investments. FMCG is the fourth-largest sector in India and food and beverages make up 19% of this sector. In this article, we take a look at the top food and beverage companies to invest in. Keep Reading to find out.
Validea
AUGUST 5, 2022
The yield curve, which shows how interest rates on different U.S. government bonds such as 3-month bills, 2-year and 10-year Treasury notes compare, as well as functions as a recession indicator, is ringing alarm bells on Wall Street, portends an article in The New York Times. Normally the yield curve slopes upward, but occasionally, when short-term rates climb higher than long-term rates, the curve inverts, signaling that the bond market is turning upside down.
Calculated Risk
AUGUST 5, 2022
On COVID (focus on hospitalizations and deaths): Hospitalizations have almost quadrupled from the lows in April 2022. COVID Metrics Now Week Ago Goal New Cases per Day 2 114,830 125,797 ?5,000 1 Hospitalized 2 37,112 37,573 ?3,000 1 Deaths per Day 2 393 405 ?50 1 1 my goals to stop daily posts, 2 7-day average for Cases, Currently Hospitalized, and Deaths ??
Validea
AUGUST 5, 2022
Venture firm Andreessen Horowitz, known as a16z, has hired former Jordan Park Group CIO Michel Del Buono to head up its new business managing the wealth of many of the clients it helped make rich. Del Buono will oversee wealth management for a16z’s partners and executives of its portfolio companies, according to an article in Financial Advisor , which spoke to insiders familiar with the firm’s plans.
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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.
NAIFA Advisor Today
AUGUST 5, 2022
In a competitive job market, businesses are looking to financial professionals for benefits to help them attract and keep talent. Nonqualified benefits, like deferred compensation plans, may be a good solution to appeal to executives looking for pre-tax opportunities beyond IRAs and 401(k) plans to accumulate greater wealth for retirement. Knowing the ins and outs of these products may help you practice stand out and appeal to a larger pool of business clients.
Validea
AUGUST 5, 2022
Warren Buffett has been snapping up stock in Occidental Petroleum since 2019, garnering a 20% stake in the company that’s worth about $180 million. The move has made some wonder if Buffett plans to buy Occidental outright as he did with the Burlington Northern Santa Fe railway corporation, but others believe it could instead be a very smart investment in renewable energies, contends an article in Forbes.
Advisor Websites
AUGUST 5, 2022
Clients are the backbone of any successful business. Having a dedicated and loyal client base that trusts you and is happy with your services is necessary for your business to succeed and grow. In the financial industry, there are two main ways to grow your business. Increase the overall number of clients. Increase the portfolio of your existing clients.
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