Wed.Nov 30, 2022

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10 Wednesday AM Reads

The Big Picture

Last day of the 11th month! Enjoy the end of November with our mid-week morning train reads: • How Much Growth Can You Expect? Imagine I present to you a magical box that can turn your money into more money. The only problem is that you don’t know exactly how much more money you’ll get from this box. You could put $100 into the box and get back $200, $400, or maybe only $150 when all is said and done.

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Recession Playbook

The Reformed Broker

Let’s assume we’re going to have a recession in 2023. I don’t know if we will, but everyone seems to think so, so let’s just say. So what. What can you do to stop it? Not much. Can you change your own spending and psych yourself up to survive it? Absolutely. Are there changes you could make to a portfolio in order to gird yourself for a worsening economy?

Economy 258
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A Hopium Stock Market Rally on Jerome Powell's Inflation Progress Report

Mish Talk

Image courtesy of StockCharts.Com. The Federal Reserve posts a Transcript of Powell's Speech on Inflation and the Labor Market. Powell put a spotlight on core Personal Consumption Expenditures (PCE) inflation, noting that it is stubbornly high despite the Fed's rate hikes. Key Powell Comments (Emphasis Mine) Twelve-month core PCE inflation stands at 5.0 percent in our October estimate, approximately where it stood last December when policy tightening was in its early stages.

Marketing 249
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Tax Advice Restrictions For Financial Advisors: How To Offer Tax Planning And Remain In Compliance

Nerd's Eye View

Taxes are a central component of financial planning. Almost every financial planning issue – whether it is retirement, investments, cash flow, insurance, or estate planning – has tax considerations, and advisors provide a great deal of value in helping clients minimize their overall tax burden. And yet, despite the prominent role of taxes in financial planning, advisors are often prohibited by their compliance departments from making recommendations for a specific course of action on

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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

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The EU is Very Worried About Biden's Inflation Reduction Act (IRA)

Mish Talk

Really Worried about IRA Eurointelligence writes Industry is Really Worried about IRA. Whether you talk to European industrialists in Brussels or German industrialists in Berlin, you get the same message these days. They are really worried about the US inflation reduction act. At the BDI conference in Berlin, it was the dominant subject. FAZ quotes the president of the German federation of industry as saying that more than a fifth of German medium-sized companies they had polled were considering

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Clips From Today’s Closing Bell

The Reformed Broker

Big Tech may remain high through year end, says Ritholtz CEO Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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Chicago PMI Weakens in October

Advisor Perspectives

The latest Chicago Purchasing Manager's Index, or the Chicago Business Barometer, dropped to 37.2 in October from 45.2 in September, which is in contraction territory. This is its third consecutive decline and its seventh monthly decline this year. Values above 50.0 indicate expanding manufacturing activity.

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Fed Chair Powell: "The time for moderating the pace of rate increases may come as soon as the December meeting"

Calculated Risk

From Fed Chair Powell: Inflation and the Labor Market. Excerpts: Today I will offer a progress report on the Federal Open Market Committee's (FOMC) efforts to restore price stability to the U.S. economy for the benefit of the American people. The report must begin by acknowledging the reality that inflation remains far too high. My colleagues and I are acutely aware that high inflation is imposing significant hardship, straining budgets and shrinking what paychecks will buy.

Economy 105
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11 Must Reads for the CRE Industry Today (Dec. 1, 2022)

Wealth Management

The Wall Street Journal looks at the history of pyramid in Memphis, Tenn., that now houses a massive Bass Pro Shop. The U.S. has seen $71.9 billion in industrial property sales so far in 2022, according to CommercialEdge. These are among today’s must reads from around the commercial real estate industry.

Sales 98
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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

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Using Credit Card Cashback Rewards for Holiday Spending

MainStreet Financial Planning

When I was younger, I used to have so much anxiety about holiday spending. Back then I was living paycheck to paycheck and didn’t have much savings. When the holidays came, I would overspend on Christmas presents for my friends and family and end up stressed that I didn’t have enough for the monthly necessities. That was a long time ago, but it makes sense to have a plan when it comes to holiday spending.

CFP 98
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Fed's Beige Book: "Apartment leasing started to slow"

Calculated Risk

Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Boston based on information collected on or before November 23rd, 2022." Economic activity was about flat or up slightly since the previous report , down from the modest average pace of growth in the prior Beige Book period. Five Districts reported slight or modest gains in activity, and the rest experienced either no change or slight-to-modest declines.

Sales 98
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FINRA: Firms Should Look Out For 'Red Flags' In Options Trading Applications

Wealth Management

The regulatory agency released an update Wednesday on its targeted sweep of firms’ supervision of options recommendations launched in August 2021, offering more pointed questions for registrants.

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Pending Home Sales Slid in October for Fifth Consecutive Month

Advisor Perspectives

The National Association of Realtors released the October data for their Pending Home Sales Index. According to the National Association of Realtors®, "Pending home sales slid for the fifth consecutive month in October.

Sales 98
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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

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.

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Creator of Anti-Ark ETF Is Losing Fund in Break From New Firm

Wealth Management

Matthew Tuttle's ETF lineup was acquired by AXS Investments. He'll no longer serve as portfolio manager of SARK and more than two dozen other funds.

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Inflation Adjusted House Prices 3.3% Below Peak

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 3.3% Below Peak Excerpt: It has been over 16 years since the bubble peak. In the Case-Shiller release yesterday, the seasonally adjusted National Index (SA), was reported as being 62% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 12% above the bubble peak (and historically there has been an upward slope to real house prices).

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RIA Edge Podcast: Jackson Wood on Creating Personal, Meaningful Marketing Opportunities

Wealth Management

Jackson Wood of Freedom Day Solutions discusses how how he and his firm have used podcasts, YouTube and Instagram to connect with NextGen investors.

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The Top 10 Misconceptions About XYPN

XY Planning Network

8.5 MIN READ. The XYPN movement is growing rapidly. Yet despite thousands of XYPN shirts floating around and hundreds of members representing all 50 states, it’s still an uphill battle to get the word out about what we do, who we help, and how it all works. XYPN members are fantastic when it comes to sharing the movement. For that, we adore them. If you’re one of our beloved members, you are already familiar with some common misconceptions about XY Planning Network, such as “ all members are 25

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Transforming Lending: Understanding the Power of Digital Platforms

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.

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Warn Your Clients About the 'Grandparent Scam'

Wealth Management

Seniors are prime targets for scammers looking to cheat them out of their money—often to the tune of tens of thousands of dollars.

Clients 104
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A Missing Piece of the SBF Puzzle

Advisor Perspectives

The ongoing public drama surrounding Sam Bankman-Fried (SBF) and FTX is still unfolding, and there's been excellent coverage of many aspects of the story. Here's a short note on one piece of the puzzle we think is quite important, but so far has remained somewhat under the radar.

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Real Estate Sponsor Growth Fostered by Technology and Innovation

Wealth Management

Innovative technology, by design, is built around people to bridge the workflow between those inside and outside sponsor firms.

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Q3 GDP Growth Revised Up to 2.9% Annual Rate

Calculated Risk

From the BEA: Gross Domestic Product (Second Estimate) and Corporate Profits (Preliminary), Third Quarter 2022 Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the third quarter of 2022 , according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.6 percent.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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High Interest Rates and a Looming Recession Weigh on Hotel Investment Deals

Wealth Management

Like with other property types, investment sales volume on lodging properties has taken a hit as uncertainties mount.

Investing 104
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The Power Of Mindset And How To Leverage It For Success

Clever Girl Finance

The way you think has a significant impact on the way you live. It’s possible to improve your everyday happiness by changing the way you act—starting with the power of mindset. Your mindset is simply an established set of attitudes you hold, and those attitudes influence the choices you make. While the concept of “you can do anything if you believe” can be misleading, it’s worth exploring the power of mindset.

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The Inside ETFs Podcast: Ed Lopez on How ETFs Take Advantage of All Opportunities Within Investment Markets

Wealth Management

VanEck's Ed Lopez details recent trends in the capital markets, and how they can become opportunities for growth.

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Moving Averages: S&P Up 5.4% in November

Advisor Perspectives

Valid until the market close on December 30, 2022. The S&P 500 closed November with a monthly gain of 5.38% after a gain of 7.99% in October. At this point, after close on the last day of the month, three of five S&P 500 strategies are signaling "cash" — iShares Barclays 7-10 Year Treasury (IEF), Vanguard REIT Index ETF (VNQ), and Invesco DB Commodity Index Tracking (DBC) — down from from last month's quintuple "cash" signal.

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The Blueprint for a Customer-Centric Digital Lending Experience

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.

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Wealthspire to Acquire Sage Financial Advisors

Wealth Management

$194M acquisition expands the NFP-owned RIA’s presence in the West.

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BLS: Job Openings Decreased to 10.3 million in October

Calculated Risk

From the BLS: Job Openings and Labor Turnover Summary The number of job openings edged down to 10.3 million on the last business day of October, the U.S. Bureau of Labor Statistics reported today. Over the month the number of hires and total separations changed little at 6.0 million and 5.7 million, respectively. Within separations, quits (4.0 million) and layoffs and discharges (1.4 million) changed little. emphasis added The following graph shows job openings (black line), hires (dark blue), L

Numbers 59
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Celebrity Estates Replay: David Bowie and the Financial Side of A Music Catalog

Wealth Management

A music catalog is a complex asset for both the buyer and the seller.

Assets 109