Thu.Jul 06, 2023

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BLS: Job Openings Decreased to 9.8 million in May

Calculated Risk

From the BLS: Job Openings and Labor Turnover Summary The number of job openings decreased to 9.8 million on the last business day of May , the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations were little changed at 6.2 million and 5.9 million, respectively. Within separations, quits (4.0 million) increased, while layoffs and discharges (1.6 million) changed little. emphasis added The following graph shows job openings (black line), hires

Numbers 328
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A Program on Life Settlements for Agents in the Advanced Markets

Wealth Management

It’s time for a paradigm shift in the conversation with advisors.

Marketing 314
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U.S. Home Price Growth 1983-2023

The Big Picture

Fascinating chart from Visual Capitalist showing the history of housing prices in the United States. I recall the 1990 Home Price recession — I was too broke to afford a condo, but I knew lots of recent grad school friends who took high-paying jobs and bought a place in the 1980s; more than a few were freaked out about falling prices. The issue with rising prices is the ongoing shortage of single-family homes relative to both population and job locations.

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Advisor Reviews: Don't Get Left Behind

Wealth Management

Our technology columnist points out that we have become a reviews-based culture, whether we are looking at cars, technology or services, and shopping for an advisor will soon follow suit.

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2025 Industry Index: How Top Advisors Are Scaling Smarter (and Faster) This Year

Where are top advisors focusing in 2025? AcquireUp’s 2025 Industry Index reveals it all. Based on insights from 200+ financial professionals nationwide, discover why 74% say seminars and referrals deliver the best ROI, how automation is helping advisors scale faster, and why only 8% are tapping into niche marketing (a major growth opportunity!). Whether you're refining your client acquisition strategy or scaling your practice, this report gives you the real-world data, benchmarks, and action ste

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Thursday links: economic realities

Abnormal Returns

Crypto What changed Blackrock's idea about crypto? (coindesk.com) Why so many celebrities got caught up in the crypto craze. (nytimes.com) Venture capital AI startups continue to gain venture interest. (news.crunchbase.com) Later stage companies are feeling the venture pullback. (venturebeat.com) Threads Hands on with Meta's ($META) Twitter clone, Threads.

Economics 239
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10 Must Reads for Real Estate Investors to End the Week (July 7, 2023)

Wealth Management

Boston Business Journal looked at which metros might have the most exposure to upcoming real estate debt maturities. EQT Exeter closed a $4.9 billion fund earmarked for U.S. industrial assets, reported Bisnow. These are among today’s must reads from around the commercial real estate industry.

Assets 306

More Trending

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The Evolution of Small Cap Investing

Wealth Management

In nearly 40 years, small caps have gone from fad to a fundamental asset class.

Investing 290
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June Employment Preview

Calculated Risk

On Friday at 8:30 AM ET, the BLS will release the employment report for June. The consensus is for 200,000 jobs added, and for the unemployment rate to be unchanged at 3.7%. There were 339,000 jobs added in May, and the unemployment rate was at 3.7%. From BofA economists: "Nonfarm payrolls likely rose by 250k in June after adding 339k jobs in May. Given our forecasts of the participation rate and nonfarm payroll growth, we expect the unemployment rate will fall from 3.7% to 3.6%.

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Are Life Sciences Assets Now a Bad Bet? Not Quite.

Wealth Management

Activist investor Jonathan Litt has tried to portray the sector as heading for a similar fate as traditional office buildings. Market data and investor activity paint a much more complex picture.

Assets 289
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ADP: Private Employment Increased 497,000 in June

Calculated Risk

From ADP: ADP National Employment Report: Private Sector Employment Increased by 497,000 Jobs in June; Annual Pay was Up 6.4% Private sector employment increased by 497,000 jobs in June and annual pay was up 6.4 percent year-over-year, according to the June ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”).

Economy 154
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Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management

Speaker: Claire Grosjean, Global Finance & Operations Executive

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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30M People Joined Threads Overnight. Will Advisors Get on Board?

Wealth Management

Meta’s Twitter alternative launched Thursday amid the ongoing feud between Mark Zuckerberg and Elon Musk.

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Friday: Employment Report

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Employment Report for June. The consensus is for 200,000 jobs added, and for the unemployment rate to be unchanged at 3.7%.

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The ETFs With the Greatest Outflows in the Past Month

Wealth Management

These funds lost the most money over the last 30 days.

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Is That It For the Housing Market Correction?

A Wealth of Common Sense

There was a viral post on Twitter last week about an Airbnb revenue collapse: Sounds scary. According to Elon Musk’s money pit of a company, this tweet had millions of views. A lot of people wanted this to be true because it would show how fragile the housing market is these days. A crash at last! Alas, there was a follow-up fact-check tweet that called into question the veracity of the Airbnb collapse: I’ve.

Marketing 142
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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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Former LPL Exec Returns to Build Out Succession, M&A Functions

Wealth Management

Jeremy Holly, who left the broker/dealer in 2021 to join SageView Advisory Group, has returned to lead strategic business development.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Delta, Vertex, Cooper & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Bets on ‘Year of the Bond’ Persist in Face of Still-Hawkish Fed

Wealth Management

Some of the biggest bond managers are sticking to their bullish view on the market for US government debt, even as that trade looks riskier by the day.

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20 topics for your financial blog

Investment Writing

If you feel frustrated by coming up with topics for your financial blog, the journalist’s five Ws and one H can help. Below I share a list of 20 topics inspired by the five Ws and one H. As you brainstorm topics, think about how you can solve problems for members of your target audience. This will make your posts relevant to them. For help with this, read “ WHAT PROBLEM does this blog post solve for them?

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How to Avoid Pitfalls In Automation: Keep Humans In the Loop

Speaker: Erroll Amacker

Automation is transforming finance but without strong financial oversight it can introduce more risk than reward. From missed discrepancies to strained vendor relationships, accounts payable automation needs a human touch to deliver lasting value. This session is your playbook to get automation right. We’ll explore how to balance speed with control, boost decision-making through human-machine collaboration, and unlock ROI with fewer errors, stronger fraud prevention, and smoother operations.

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Institutional Investors Adapt Strategies to Changing CRE Landscape

Wealth Management

Monday, July 24, 2023 | 1:00 PM ET

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Weekly Initial Unemployment Claims Increase to 248,000

Calculated Risk

The DOL reported : In the week ending July 1, the advance figure for seasonally adjusted initial claims was 248,000 , an increase of 12,000 from the previous week's revised level. The previous week's level was revised down by 3,000 from 239,000 to 236,000. The 4-week moving average was 253,250, a decrease of 3,500 from the previous week's revised average.

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Wall Street Spots Blockchain Opportunities as Crypto Stumbles

Wealth Management

Traditional financial firms like Goldman Sachs, BlackRock and JPMorgan have taken only baby steps into the realm of digital assets. But the pace of their strides is picking up.

Assets 147
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Trade Deficit Decreased to $69.0 Billion in May

Calculated Risk

The Census Bureau and the Bureau of Economic Analysis reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $69.0 billion in May , down $5.5 billion from $74.4 billion in April, revised. May exports were $247.1 billion, $2.1 billion less than April exports. May imports were $316.1 billion, $7.5 billion less than April imports. emphasis added Click on graph for larger image.

Economics 130
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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Stock Investors Are on Notice After Wall Street’s Fear Gauge Jumps

Wealth Management

The market is presenting unique challenges to speculators in 2023.

Marketing 130
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The 48 Best Business Ideas For Women

Clever Girl Finance

Let’s talk about the best business ideas for women! It’s so important for our world to have women in business. After all, we’re half the population—that’s billions of women with unique ideas, skillsets, and visions for the future! Table of contents Business ideas for women with kids Best business to start for women who want to work remotely Business ideas for women who work full-time or have a busy schedule Best business to start for women who want to be full-time entrepreneurs Expert tip

Clients 105
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SEC to Release New Rules for $5.5T Money-Market Industry

Wealth Management

The SEC first introduced plans for new rules in December 2021. That proposal would have imposed swing pricing requirements that critics said could make funds more costly and less attractive.

Marketing 130
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Early Look at Local Housing Markets in June

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Early Look at Local Housing Markets in June A brief excerpt: This is a look at a few early reporting local markets in May. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.

Marketing 100
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Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success

Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?

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Longform links: flawed time machines

Abnormal Returns

AI How financial professionals can best use ChatGPT. (etftrends.com) How workplace adoption of AI will play out. (ben-evans.com) Russia Nobody knows for sure how many Ukrainian children have been spirited across the border into Russia. (msn.com) Few companies have been affected more by the war in Ukraine than Nokian Tyres. (nytimes.com) Longreads Paul Graham on what it takes to do great work.

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9 Ways – How to Start Investing with $100

Good Financial Cents

Building wealth takes time and patience, but it also requires you to take real, actionable steps with your money. After all, you won’t get rich by keeping your extra cash under your mattress and hoping for the best. You have to invest your money if you want it to start growing to its full potential. But, how do you do that if you only have $100 to get started?

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Business Succession Planning Checklist

Carson Wealth

The business succession process isn’t a “rainy day” task. It’s a living process that you should start as soon as possible. You’ve probably given it some thought and almost figured out how you want to transition your business, but an “almost” succession plan is no plan at all. Fill in the form below to download the checklist: Download the checklist today to get started.

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Quick wins to get referrals from social media

Million Dollar Round Table (MDRT)

By Carla Brown, FPFS We need to be where our potential clients are, and nine out of 10 internet users are now on social media. Most of them will spend a whopping 144 minutes a day on social media. People refer to people they know, like and trust. Social media can be a powerful tool to connect with your audience, build trust and increase your credibility.

Media 98
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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.