Calculated Risk
MARCH 10, 2023
From the BLS : Total nonfarm payroll employment rose by 311,000 in February, and the unemployment rate edged up to 3.6 percent , the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, retail trade, government, and health care. Employment declined in information and in transportation and warehousing.
The Big Picture
MARCH 10, 2023
Armchair quarterbacking the decisions of the Federal Reserve long ago became a blood sport. With the benefit of hindsight, we all are genius central bankers. I particularly loathe managers who lay all the woes of the world at the feet of the Federal Reserve. For more than a century, America’s central bank has been a key part of the investing environment, and it’s your job as an active manager to incorporate their probable policy decisions into your strategy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Calculated Risk
MARCH 10, 2023
The headline jobs number in the February employment report was above expectations, however employment for the previous two months was revised down by 34,000, combined. The participation rate increased, and the unemployment rate increased to 3.6%. Leisure and hospitality gained 105 thousand jobs in February. At the beginning of the pandemic, in March and April of 2020, leisure and hospitality lost 8.2 million jobs, and are now down 410 thousand jobs since February 2020.
The Big Picture
MARCH 10, 2023
My end-of-week morning train WFH reads: • Crypto Bank Had a Boring Collapse, Also Silicon Valley Bank : Elsewhere in boring maturity mismatches and a lack of deposit diversification. ( Money Stuff ) • Why daylight saving is so hard on the body — and what to do about it : Every process within the body, from sleep to metabolism, runs on an internal clock, known as circadian rhythm.
Advertisement
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
The Reformed Broker
MARCH 10, 2023
The spectacular blow-up currently taking place at SVB and its primary subsidiary, Silicon Valley Bank, is the biggest story in the markets this week. SVB is systemically important for the technology sector and its Northern California ecosystem. As Jim Cramer put it last night, the Federal Reserve has been firing a machine gun at the economy for the last 12 months but it hasn’t hit anything yet.
Wealth Management
MARCH 10, 2023
Helping improve your clients' estate plans can ensure their financial wellness for generations to come.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
MARCH 10, 2023
It’s time to venture into the world of Google ads. There’s too much opportunity not to.
Calculated Risk
MARCH 10, 2023
From the FDIC: FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank, Santa Clara, California Silicon Valley Bank, Santa Clara, California, was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
Wealth Management
MARCH 10, 2023
Three former Carson Wealth advisors have joined Private Wealth Asset Management by way of Wells Fargo Private Bank.
Calculated Risk
MARCH 10, 2023
From BofA: The trade deficit in January widened to $68.3bn, the widest deficit in the last three months. Exports increased by 3.4% m/m while imports went up by 3.0%. This increased our tracking estimate for bothexports and imports, while reducing our estimate fornet exports in 1Q. On net, since the last weekly publication, this pushed down our 1Q US GDP tracking estimate from 0.9% q/q saar to 0.7% q/q saar.
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.
Wealth Management
MARCH 10, 2023
CEO Stephen Daffron discusses BetaNXT's focus on solving customers' most demanding integration challenges.
Calculated Risk
MARCH 10, 2023
From CoStar: STR: Weekly US Hotel Performance Falls From Prior Week U.S. hotel performance fell from the previous week, according to STR‘s latest data through March 4. Feb. 26 through March 4, 2023 (percentage change from comparable weeks in 2022, 2019): • Occupancy: 62.8% (+3.0%, -5.6%) • verage daily rate (ADR): $151.35 (+8.9%, +14.1%) • Revenue per available room (RevPAR): $95.06 (+12.1%, +7.7%) *Due to the pandemic impact, STR is measuring recovery against comparable time periods from 2019.
Wealth Management
MARCH 10, 2023
Our technology columnist spoke with Samir Vasavada and Runik Mehrotra of Vise about recent layoffs, his own startup past and the firm's future.
Discipline Funds
MARCH 10, 2023
One of the themes I’ve been discussing lately is how inflation risk has been evolving into credit risk. What I mean by that is that we’re currently navigating the economic bust portion of the cycle where inflation is a falling risk and credit deflation risk arises, in large part, because the Fed has reacted so quickly to bring inflation in.
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.
Wealth Management
MARCH 10, 2023
Multi-family office Pathstone announced investments from two different backers this week, Allworth Financial made its second and third acquisitions of the year and Apella bought a California RIA. Meanwhile, NewEdge Wealth has a new principal.
The Irrelevant Investor
MARCH 10, 2023
I will remember this week for the rest of my life. As an investor, you get used to stock market volatility. Economic volatility on the other hand has a way of sticking with you. In the aftermath of the pandemic, the Fed was driving an overheating economy at 150 miles per hour. And when it realized it was going too fast, it jammed on the brake pedal as hard as it could.
Wealth Management
MARCH 10, 2023
The advisor technology conference co-founder on what he expects to see at next week's gathering in Tampa—no surprise, artificial intelligence and machine learning will be heavily featured, especially in the Emerging Technologies sessions.
The Reformed Broker
MARCH 10, 2023
Final Trades: Oracle, Gold & Treasuries from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
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.
Wealth Management
MARCH 10, 2023
California state regulators took possession of the lender on Friday, appointing the Federal Deposit Insurance Corp. as receiver.
The Reformed Broker
MARCH 10, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Carleton English, Joe Fahmy, and Downtown Josh Brown discuss moving averages, rate hikes, consumer spending, what Cathie Wood got right (and wrong), Silicon Valley Bank, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!
A Wealth of Common Sense
MARCH 10, 2023
According to the U.S. Census Bureau, the median income in the United States is a little more than $70,000 a year. There is a sizable range of results around the median so it can help to break things down even further by percentiles. DQYDJ has a good breakdown of the data that shows the bottom 10% of earners, the bottom 25%, median, top 25%, top 10% and top 1%: You can also see these breakdowns by age: These figures can.
Advisor Perspectives
MARCH 10, 2023
The S&P 500 closed out Friday with its lowest finish since January 5th. The index was down 1.45% from Thursday and down 4.55% from last week. With that being said, the index is still up 0.58% YTD but dropped to 19.49% below its record close.
Advertisement
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.
MarketWatch
MARCH 10, 2023
Tesla Inc. TSLA Chief Executive Elon Musk gave more than 12.5 million shares of the company’s stock to charity, according to a filing with the Securities and Exchange Commission on Friday that amended a previous filing because the shares reported had not been adjusted for last year’s stock split. Based on SEC filings last month, MarketWatch and others reported that Musk had donated nearly 12 million shares worth about $2 billion to an undisclosed charity.
Advisor Perspectives
MARCH 10, 2023
This commentary has been updated to include this morning's release of non-farm employment. February saw a 311,000 increase in total non-farm payrolls. The unemployment rate rose to 3.6%. The Investing.com forecast was for 205,000 jobs gained.
MarketWatch
MARCH 10, 2023
S&P Indices said late Friday that Insulet Corp. PODD will replace Silicon Valley Bank parent SVB Financial Group SIVB in the S&P 500 index SPX at the open on Wednesday. The bank was shut down Friday by regulators. Insulet is medical device company based in Massachusetts. Insulet stock rallied 7% in the extended session after ending the regular trading day down 1%.
Alpha Architect
MARCH 10, 2023
The importance of the role played by short sellers has received increasing academic attention in recent years. Short sellers help keep market prices efficient by preventing overpricing and the formation of price bubbles in financial markets. Market efficiency is important because an efficient market allocates capital efficiently. If short sellers were inhibited from expressing their views on valuations, securities prices could become overvalued and excess capital would be allocated to those firm
Advertisement
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?
MarketWatch
MARCH 10, 2023
Pfizer Inc. PFE said Friday the U.S. Food and Drug Administration has approved its migraine nasal spray Zavzpret. The treatment is the first and only calcitonin gene-related peptide (CGRP) receptor antagonist nasal spray that treats acute migraine in adults, the company said in a statement. A Phase 3 study of Zavzpret found it was statistically superior to placebo on both primary endpoints of pain freedom and freedom from most symptoms at two hours after a dose.
Good Financial Cents
MARCH 10, 2023
It can be difficult for 15-year-olds to find a job that pays well. By federal law , 14- and 15-year-olds are prohibited from working more than three hours a day on school days and eight hours per non-school day. Therefore, young teens are limited in how much money they can make after school. Also, minimum wage laws vary from state to state. As per the federal minimum wage requirement, all workers in the United States are legally entitled to receive a minimum hourly wage of $7.25 or higher depend
MarketWatch
MARCH 10, 2023
Streaming platform Roku Inc. ROKU on Friday said it “does not know” to what extent it would be able to recover the cash it has deposited with the recently-failed Silicon Valley Bank. Roku said it had cash and cash equivalents of around $1.9 billion as of Friday, with around $487 million — or roughly 26% — at the bank. Roku said its deposits with SVB were “largely uninsured.
Advisor Perspectives
MARCH 10, 2023
This morning's employment report for February showed a 311,000 increase in total nonfarm payrolls, which exceeded the Investing.com forecast of 205,000 jobs added. The unemployment rate rose to 3.6%.
Advertisement
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.
Expert insights. Personalized for you.
360 
Let's personalize your content