Abnormal Returns
APRIL 12, 2024
Strategy Prospective bond returns are buoying the prospects for a 60/40 portfolio. (axios.com) How indexing came to dominate the investment business. (ritholtz.com) 15 investing principles including 'I believe managing one’s behavior is more important than managing one’s investments.' (betterletter.substack.com) Companies BP ($BP) is the cheapest stock among the giants.
Nerd's Eye View
APRIL 12, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study has found that many small- and mid-sized advisory firms that use "supported independence" platforms for their technology and back-office needs, have the potential to see greater growth in the years ahead given the efficiencies gained (and potential cost savings compared to creating a tech stack and hiring their own staff 'a la carte'), and give aspiring firm
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Abnormal Returns
APRIL 12, 2024
Audio The head of the world's largest sovereign wealth fund also hosts a podcast. (wsj.com) The NYTimes will soon offer automated voice narration for nearly all of its articles. (axios.com) You can now listen to Substack podcasts on Spotify ($SPOT). (engadget.com) Is Theo Von the new Joe Rogan? (theatlantic.com) Business Patrick O'Shaughnessy talks with Ken Langone about Home Depot and American capitalism.
A Wealth of Common Sense
APRIL 12, 2024
According to Redfin, we just hit another new all-time high in the median monthly payment (based on current home prices and mortgage rates): The median payment for a new purchase has doubled since 2021. Mortgage rates were back up to 7.4% this week. Nationwide housing prices are still are all-time highs and up around 50% since the end of 2019. There has been this feeling of something has to give for a while now but nothi.
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.
Calculated Risk
APRIL 12, 2024
From STR: U.S. hotel results for week ending 6 April U.S. hotel performance showed mixed results from the previous week but positive comparisons year over year, according to CoStar’s latest data through 6 April. 31 March through 6 April 2024 (percentage change from comparable week in 2023): • Occupancy: 64.1% (+4.7%) • Average daily rate (ADR): US$156.96 (+2.1%) • Revenue per available room (RevPAR): US$100.59 (+6.9%) emphasis added The following graph shows the seasonal pattern for the hotel oc
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
APRIL 12, 2024
Today, in the Calculated Risk Real Estate Newsletter: Part 2: Current State of the Housing Market; Overview for mid-April 2024 A brief excerpt: On Wednesday, in Part 1: Current State of the Housing Market; Overview for mid-April 2024 I reviewed home inventory, housing starts and sales. In Part 2, I will look at house prices, mortgage rates, rents and more.
Alpha Architect
APRIL 12, 2024
While the empirical research on cross-sectional (long-short) momentum has shown that returns have been high, investors have also experienced huge drawdowns—momentum exhibits both high kurtosis and negative skewness. Since 1926 there have been several momentum crashes that featured short, but persistent, periods of highly negative returns. For example, from June to August 1932, the momentum portfolio lost about 91%, followed by a second drawdown from April to July 1933.
Wealth Management
APRIL 12, 2024
Plus, a Los Angeles firm serving the ultra-wealthy taps a CPA from AdvicePeriod to manage multi-family office services and other reported news of the week.
Advisor Perspectives
APRIL 12, 2024
Consumer sentiment moved sideways for the fourth straight month in April according to the preliminary report for the Michigan Consumer Sentiment Index. The index fell 1.5 points (-1.9%) to 77.9 from the March final. The latest reading was below the forecast of 79.0.
Advertisement
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.
Wealth Management
APRIL 12, 2024
The lines between wealth management and banking are blurring, opening up new opportunities, as well as new competition.
Advisor Perspectives
APRIL 12, 2024
The S&P 500 stumbled for a second straight week, posting its biggest weekly loss of the year (-1.55%). The index is currently up 8.02% year to date and now sits 2.49% below its record close from March 28, 2024.
Wealth Management
APRIL 12, 2024
The firms will collectively pay $200,000 to settle the charges, which focused primarily on their use of hypothetical performance.
Advisor Perspectives
APRIL 12, 2024
The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of March 29th, the index was at 26.520, down 0.103 from the previous week, with 5 of the 6 components in expansion territory.
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
APRIL 12, 2024
Interaxis' Adam Blumberg shares how cryptocurrencies evolved as trillion-dollar disruptors.
Calculated Risk
APRIL 12, 2024
From BofA: Since our update last week, 1Q GDP tracking is down one-tenth to 1.9% q/q saar. [Apr 12th estimate] emphasis added From Goldman: We left our Q1 GDP tracking estimate unchanged at +2.5% (qoq ar) and our Q1 domestic final sales forecast unchanged at +2.6% (qoq ar). [Apr 10th estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2024 is 2.4 percent on April 10, down from 2.5 percent on April 4.
ModernAdvisor
APRIL 12, 2024
Commentary As expected, the Bank of Canada left the benchmark rate at 5% at their last meeting and maintained the stance that it needs to see further progress that inflation is on the right path. Results from the Bank of Canada’s Q4 Business Outlook Survey released in January showed that high interest rates continue to soften consumer demand, but firms […] The post Market Update – Q1 2024 appeared first on ModernAdvisor Blog.
Tobias Financial
APRIL 12, 2024
Tobias Financial Advisors is pleased to announce that Yesenia Realejo, CFP®, Catalina Franco-Cicero, MS, CFP®, CTS , and Edgar Collado, CEPA®, have become new shareholders and co-owners of the firm. Their elevation reflects their unwavering dedication, expertise, and invaluable contributions to our company. Wealth Advisors Yesenia Realejo , CFP® and Catalina Franco-Cicero , MS, CFP®, CTS have continuously exceeded our and our client’s expectations.
Advertisement
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.
NAIFA Advisor Today
APRIL 12, 2024
Understanding the intersection between financial assets and estate planning is extremely important for maximizing wealth and enhancing asset protection. Join us on Wednesday, May 1, 2024, from 12:00 pm to 1:00 pm Eastern for an in-depth webinar that focuses on aligning your clients' financial assets with their estate planning goals. This session is ideal for professionals looking to deepen their understanding of estate planning essentials like revocable trusts, wills, and powers of attorney, and
WiserAdvisor
APRIL 12, 2024
The role of a financial advisor is indispensable in today’s world. These professionals serve as trusted guides, helping individuals understand the intricacies of investment, wealth management, and financial planning to achieve their long-term goals. The time and attention they can dedicate to each client is a significant contributor to their effectiveness.
Advisor Perspectives
APRIL 12, 2024
As pharma giants spend billions on acquisitions of startups developing new ways to harness radiation in the fight against cancer, the chief executive officer of Perspective Therapeutics Inc. found himself getting top billing at two different industry gatherings this week.
Tobias Financial
APRIL 12, 2024
When you ask Lonnie Sluchak , CPA, to describe a unique detail about himself, he shares a surprising past. For seven years, Lonnie worked at Home Depot, immersing himself in the world of construction. But that’s not all; during his academic pursuits in accounting, Lonnie also ventured into the travel industry, working as a travel agent. “The travel industry helped me develop crucial customer service skills and taught me the importance of prioritizing client satisfaction,” Lonni
Advertisement
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!
Advisor Perspectives
APRIL 12, 2024
The stock market has punished Apple Inc. this year for failing to offer a vision of where its future growth will come from. The shares caught a bid Thursday after the tech giant took a step toward providing an answer.
Validea
APRIL 12, 2024
What is Momentum Investing? Momentum investing is a strategy that aims to capitalize on the continuance of existing trends in the market. It involves buying stocks that have performed well in the recent past and selling those that have performed poorly, based on the idea that those trends will persist in the near-term future. Momentum investors believe that stocks which have outperformed recently will continue to do so, while those that have underperformed will continue lagging.
Advisor Perspectives
APRIL 12, 2024
March U.S. consumer prices rose faster than expected. The reacceleration in supercore inflation suggests the strong inflation readings at the start of the year may not have been mere blips.
Wealth Management
APRIL 12, 2024
As the economy stabilizes, financial advisors are recognizing the benefits of mergers and acquisitions.
Advertisement
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.
Advisor Perspectives
APRIL 12, 2024
The S&P 500 has been touching new highs after a rocky start to the first quarter of 2024, and is doing the same thing again at the start of Q2. While market corrections will happen invariably, it’s a reminder that traders can always take advantage of any short-term weakness.
Norman Marks
APRIL 12, 2024
I had a lot of fun writing my new novel. Hopefully people will pick it up and enjoy it as well.
Advisor Perspectives
APRIL 12, 2024
Fueled in part by expectations that the Federal Reserve will lower interest rates this year — or at the very least, won’t hike anymore — preferred stocks and related ETFs are delivering solid showings for income investors.
Expert insights. Personalized for you.
237 
Let's personalize your content