The Big Picture
JANUARY 20, 2023
There seems to be a debate going on today between economists and market technicians (!?) as to whether we are in a bull or bear market. I’ve defined markets in the past (see this) so those who want to delve deeper can. Regardless of where fall in the bull/bear spectrum – I have been constructive here – allow me to point out some bullish items you may have overlooked (I’ll discuss bearish concerns next week).
The Reformed Broker
JANUARY 20, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Doug Boneparth, Phil Huber, and Downtown Josh Brown discuss discuss alts, bonds over stocks, the probability of a recession, ETF flows, Schwab’s double downgrade, why Bill Ackman cares about Sam Bankman-Fried, Einhorn’s turnaround, who’s going to buy WWE, rising interest rates, and much more!
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Abnormal Returns
JANUARY 20, 2023
Markets What a 'breakaway momentum thrust' means for investors. (ritholtz.com) India's stock market held up well in 2022. (wsj.com) Don't let your portfolio be driven by strategist forecasts. (savantwealth.com) Streaming Where Netflix ($NFLX) stands going into the post-Reed Hastings era. (variety.com) Ad-supported streaming tiers have been slow to take off.
Nerd's Eye View
JANUARY 20, 2023
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that several states are considering a series of tax hikes targeting higher-income and ultra-high-net-worth residents after similar proposals failed to pass at the Federal level. While it remains to be seen whether the measures will actually be enacted, proposed measures include raising income and capital gains tax rates, instituting wealth taxes, and red
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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.
Abnormal Returns
JANUARY 20, 2023
The biz The podcasting business has downshifted. (hollywoodreporter.com) Why podcasters need to have a video strategy. (morningconsult.com) Why the All-In podcast has become a must-listen for Muskophiles. (slate.com) Companies Patrick O'Shaughnessy talks with Mark Urquhart about the business of Hermès. (joincolossus.com) Caleb Silver talks GE with William Cohan author of "Power Failure: The Rise and Fall of an American Icon.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
JANUARY 20, 2023
From CoStar: STR: Weekly US Hotel Occupancy Fails To Reach 55%, but Rates Stay High U.S. hotel performance rose from the previous week and showed mixed comparisons against 2019, according to STR‘s latest data through Jan. 14. Jan. 8-14, 2023 (percentage change from comparable week in 2019*): • Occupancy: 54.8% (-5.5%) • Average daily rate (ADR): $144.81 (+15.7%) • Revenue per available room (RevPAR): $79.38 (+9.3%) *Due to the pandemic impact, STR is measuring recovery against comparable time pe
The Irrelevant Investor
JANUARY 20, 2023
The investor narrative has changed over the last couple of weeks. It went from everyone thinking a recession was a fait accompli to maaaaybe we can actually escape its grip. Inflation is coming down. Wage growth is decelerating. Activity is returning to the housing market. And the labor market is still incredibly strong. Put all these together and it sounds like the odds of a soft landing are increasing.
Pragmatic Capitalism
JANUARY 20, 2023
Here’s the first batch of answers from the Ask Me Anything.
Your Richest Life
JANUARY 20, 2023
The Secure Act 2.0, which brings several changes to the retirement system, is now law. Whether you’re decades from retirement or quickly approaching it, some of these changes will likely impact you and your financial plan. Here is a quick overview of the law, and the top points you should know about. Secure Act 2.0: Student Loan and Roth Account Matching Employers will be able to match employees’ student loan payments to a workplace retirement account beginning in 2024.
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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.
Good Financial Cents
JANUARY 20, 2023
If you feel like it’s getting more and more difficult to get ahead, it may be time to earn more money. But, if you can’t see that happening at your 9-5 job, you may have to take matters into your own hands. Here’s the good news: side hustles let you earn extra cash while maintaining a flexible schedule. Some side hustles can be started quickly, while others require specialized knowledge or skills that may take some time to build.
A Wealth of Common Sense
JANUARY 20, 2023
In the fall of 1981 the yield on 30 year U.S. Treasury bonds hit 15%. Fifteen percent! For 30 years! One million dollars invested at that time would have been paying out $150,000 a year in interest for 3 decades.1 Can you imagine how much demand there would be for bonds yielding 15% for that long today? The funny thing is when bond yields hit these levels in 1981 no one wanted to buy them.
Calculated Risk
JANUARY 20, 2023
On COVID (focus on hospitalizations and deaths). Data is now weekly. Weekly deaths bottomed in July 2021 at 1,666. COVID Metrics Now Week Ago Goal New Cases per Week 2 332,212 436,776 ≤35,000 1 Hospitalized 2 33,405 39,413 ≤3,000 1 Deaths per Week 2 3,953 4,209 ≤350 1 1 my goals to stop weekly posts, 2 Weekly for Cases, Currently Hospitalized, and Deaths ?
Integrity Financial Planning
JANUARY 20, 2023
Often people focus on the direct employment benefits of a college education. They want their children and grandchildren to go to college so they can get better jobs. They want their children and grandchildren to learn the exact skills they will need so they can get that job. But a college education provides so much more to a student than specific workplace knowledge.
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.
Calculated Risk
JANUARY 20, 2023
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 4.02 million SAAR in December Excerpt: On prices, the NAR reported : The median existing-home price for all housing types in December was $366,900, an increase of 2.3% from December 2021 ($358,800), as prices rose in all regions. This marks 130 consecutive months of year-over-year increases, the longest-running streak on record.
Alpha Architect
JANUARY 20, 2023
The following exhibit, which is useful to the subject of mitigating risks with factor strategies, provides the total return of the four benchmark portfolios and the five anomaly portfolios. Mitigating Risks with Factor Strategies was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Calculated Risk
JANUARY 20, 2023
The preliminary estimate for Q4 real GDP growth will be released this coming Thursday, January 26th. The consensus estimate is for QoQ annualized real GDP growth of 2.6% in Q4. From BofA: Overall the data left our 4Q US GDP tracking estimate unchanged at 2.8% q/q saar , as the stronger contribution to growth from net trade in the tracking estimate offset the five-tenths decline in our tracking estimate for personal consumption.
eMoney Advisor
JANUARY 20, 2023
The SECURE 2.0 Act, signed into law December 29, 2022, is designed to help strengthen the retirement system and Americans’ preparedness for retirement. The act introduces 92 provisions that will impact your clients and their financial plans, whether they’re in, nearing, or still years away from retirement. To be fully prepared to take advantage of these changes, it’s important to not only understand what’s changing because of SECURE 2.0 Act, but to also understand how you
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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.
Calculated Risk
JANUARY 20, 2023
This morning BofA economists noted a possible shift in FOMC policy: [O]ur baseline outlook for monetary policy includes 25bp rate hikes in February, March, and May of this year. That said, if the Fed is comfortable downshifting to 25bp in February, it may be a signal that the committee is closer to terminal than it (and we) thought as recently as December.
Wealth Management
JANUARY 20, 2023
The lead generation company has partnered with Apex Fintech Solutions to offer custody and clearing services as part of its new platform.
Million Dollar Round Table (MDRT)
JANUARY 20, 2023
By Michael DePilla, MDRT in-language content strategist Success is often achieved in small, consistent steps. MDRT members share their tips and hacks that make life and work easier for them. Small steps A key to reaching your goals is to measure your achievements. The shorter these measurements are, the easier it will be to track your productivity and, in turn, the easier it will be to correct what is not turning out as you had planned.
Wealth Management
JANUARY 20, 2023
Commonwealth and Cerity bring in billions, Steward adds a new exec, IEQ sells a minority stake and Pallas launches a financial literacy program.
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Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!
Advisor Perspectives
JANUARY 20, 2023
This morning's release of the December Existing-Home Sales showed that sales fell slightly to a seasonally adjusted annual rate of 4.02 million units from the previous month's 4.08 million. The Investing.com consensus was for 3.96 million. The latest number represents a 1.5% decrease from the previous month and its eleventh in a row. December saw a 34.0% decrease YoY.
Wealth Management
JANUARY 20, 2023
The SECURE 2.0 Act allows investors to rollover unused contributions from 529 accounts to Roth IRAs.
Clever Girl Finance
JANUARY 20, 2023
There are both positive and negative ways to save money, and the way you save can impact your friendships, finances, and more. Being frugal vs cheap makes a difference! When you’re on a mission to save money, the last thing you want is to fall into the trap of being cheap. Luckily, there is another way to go when you’re trying not to overspend. In the following guide, we will take a look at the difference between cheap and frugal, and why it matters.
Wealth Management
JANUARY 20, 2023
His new buyout fund has raised more than $12 billion, but some past clients are reluctant to join after tax case.
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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.
Advisor Perspectives
JANUARY 20, 2023
Jeff and Ron Muhlenkamp review what happened in 2022 regarding inflation, interest rates, the housing market, supply disruptions, energy problems, and foreign currency turbulence.
Wealth Management
JANUARY 20, 2023
A rundown of the good, the bad and the ugly.
Yardley Wealth Management
JANUARY 20, 2023
The post What Should I Do to Sell My House? appeared first on Yardley Wealth Management, LLC. What Should I Do to Sell My House? If you’re considering selling your house, unlike six months ago, you won’t have ten offers the day after putting a sign on your lawn. What should you do to fix up your house? Well, that depends. According to the National Association of Realtors , there are only three things worth doing: installing new hardwood floors, refinishing hardwood floors, and upgrad
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