Calculated Risk

OCTOBER 7, 2022

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released yesterday from Chief Economist Danielle Hale and Jiayi Xu: Weekly Housing Trends View — Data Week Ending Oct 1, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory continued to grow, increasing 30% above one year ago.

Sales 360

Sales Numbers Planning Marketing 360

The Big Picture

OCTOBER 7, 2022

One of the really strange things about watching Federal Reserve policy is the excess of deference that is given to the Fed’s judgment. While the Fed deserves credit for when they get things right – e.g., rescuing the credit system from the great financial crisis (GFC) – they also deserve plenty of blame for the multitude of sins they commit. I am not a Fed hater or part of the crew that wants to “End the Fed.

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Banking Economics Portfolio Assets 336

Wealth Management

OCTOBER 7, 2022

New ETF plans to provide the inverse performance of investments recommended by CNBC’s Cramer.

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Planning Investments Investing 259

The Big Picture

OCTOBER 7, 2022

My end-of-week morning train WFH reads: • The best way to solve a labor shortage is with labor : In July we added a 1/2 million jobs on net, wages rose briskly and the unemployment rate fell to its 50-year low. That’s a sign of progress. ( Stay-At-Home Macro ). • The Market’s Peak Inflation Story Fights the Fed : There’s no sign the Fed will change its mind and agree that rates should come down again next year ( Wall Street Journal ) see also The Fed Might Just Break the Global Economy : T

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Insurance Economy Numbers Marketing 283

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Clients

Wealth Management

OCTOBER 7, 2022

Beverly Hills, Calif.-based RIA Beverly Hills Private Wealth, launched Friday by a $1 billion Merrill Lynch breakaway team, has chosen Goldman Sachs Advisor Solutions as its sole custodian.

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Calculated Risk

OCTOBER 7, 2022

The headline jobs number in the September employment report was slightly above expectations, and employment for the previous two months was revised up by 11,000, combined. The participation rate decreased, pushing down the unemployment rate to 3.5% - equaling the lowest unemployment rate since 1969 ! And the employment-population ratio was unchanged.

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Education Numbers Economics Manufacturing 246

Nerd's Eye View

OCTOBER 7, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that amid the current bear market, usage of robo-advisors and other digital advice tools has plummeted, according to a recent study. This suggests that some consumers will be looking to human advisors to better understand their needs and help guide them through the recent market volatility.

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Financial Planner Retirement Planning Retirement Economy 245

Wealth Management

OCTOBER 7, 2022

“If you have to explain the joke, it’s not funny.

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Abnormal Returns

OCTOBER 7, 2022

The biz How “Dateline” has transformed itself into a podcast powerhouse. (nytimes.com) Spotify ($SPOT) is buying content moderation tech company Kinzen. (techcrunch.com) Apple Music now has more than 100 million songs. (engadget.com) Lessons learned from the Dr. Andrew Huberman podcast. (mrmoneymustache.com) Finance Julia La Roche talks about the state of the American Dream with Josh Brown.

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Assets Management Investing Investments 240

Wealth Management

OCTOBER 7, 2022

Retirement industry thought leaders answer three probing questions on critical issues, providing an open, honest and candid dialogue.

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Retirement 244

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.

Management

Calculated Risk

OCTOBER 7, 2022

From the BLS : Total nonfarm payroll employment increased by 263,000 in September, and the unemployment rate edged down to 3.5 percent , the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality and in health care. The change in total nonfarm payroll employment for July was revised up by 11,000, from +526,000 to +537,000, and the change for August remained at +315,000.

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Wealth Management

OCTOBER 7, 2022

The billionaire investor has turned from high-stakes trading to professional baseball and is pressing his advantage by spending big to win.

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Calculated Risk

OCTOBER 7, 2022

From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. Total carloads on U.S. railroads were down 1.1% in September 2022 from September 2021. Since 1988, when our carload data begin, only 2020 had fewer total carloads in September than 2022 did. Intermodal was down 4.8% in September, its seventh straight decline and 14th decline in the past 15 months.

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Wealth Management

OCTOBER 7, 2022

Wall Street is “rebelling against” policy tightening.

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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.

Numbers

A Wealth of Common Sense

OCTOBER 7, 2022

One of the worst parts about any bear market is it feels like there’s always something else to worry about that hasn’t even happened yet that could make things even worse. The future risk everyone has had on their market bingo card for months and months now is a recession caused by the Fed. If we do get a recession anytime soon it will certainly be the most obvious recession in history that everyone predicted.

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Marketing Marketing 143

Calculated Risk

OCTOBER 7, 2022

From BofA: The narrowing of the August trade deficit to $67.4bn was slightly more than expected. After rounding, the data since our last weekly publication caused our 3Q US GDP tracking estimate to remain at 1.5% q/q saar. [October 7th estimate] emphasis added From Goldman: We left our Q3 GDP tracking estimate unchanged at +1.9% (qoq ar). [October 7th estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of

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Investments Investing 130

The Reformed Broker

OCTOBER 7, 2022

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Nick Colas, and Downtown Josh Brown discuss market volatility, thinking like an algo, the dollar, Tesla, sustaining vs disruptive innovation, the next big thing, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

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Marketing Marketing 130

Alpha Architect

OCTOBER 7, 2022

Standardized Performance. Factor Performance. Factor Exposures. Factor Premiums. Factor Attribution. Factor Data Downloads. Global Factor Performance: October 2022 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

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Asset Allocation Assets Investments Investing 116

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.

Accounting

Carson Wealth

OCTOBER 7, 2022

“You make most of your money in a bear market, you just don’t realize it at the time.”. — Shelby Cullom Davis. We all blinked, and it is now October. This can be a good thing if you’re hoping for some higher stock prices. As this great quote by Shelby Cullom Davis above explains, it is the decisions that people make in a bear market that may greatly impact their investments down the road.

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Economy Investments Investing Marketing 98

Mullooly Asset Management

OCTOBER 7, 2022

Interest rates have an impact on just about every part of our financial lives. And when they move up as quickly as they have in 2022, it causes some major changes. In this week’s podcast, Tom, Tim, Brendan and Casey discuss the impact interest rates have on bond prices. They share some numbers to show […] Interest rates have an impact on just about every part of our financial lives.

Numbers 98

Numbers 98

Covisum

OCTOBER 7, 2022

Lead Gen Best Practices for Advisors. Now is the time to start crafting a marketing strategy for the year ahead. Lead generation should be one of the most critical aspects of your 2023 marketing strategy. Your prospective clients are using online research to influence their decisions, including picking who they trust to help them with their finances.

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Financial Advisor Clients Marketing Marketing 98

Integrity Financial Planning

OCTOBER 7, 2022

Second homes can be places for families to gather, lucrative investments, or a mix. Think about what your long-term goals are and how buying a second home would help you achieve them. Is it a place for your family to gather? A place for you to enjoy a particular natural landscape? Or is it a property you don’t see yourself visiting often and want to rent out?

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Retirement Planning Healthcare Financial Planning Investments 93

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Accounting

The Irrelevant Investor

OCTOBER 7, 2022

Things that have never happened before happen all the time. I don’t know where I first heard this quote, but paradoxically, it’s the one true iron rule of markets. There are no iron rules. Stocks and bonds usually don’t fall together, especially not for a prolonged period of time. But that’s exactly what’s happening today.

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Marketing Marketing 89

Validea

OCTOBER 7, 2022

Spooky season is upon us, even on Wall Street: October has seen 7 out of the 10 worst days in stock market history. The panic is historical; in the 1800s, October was the month that farmers sent their crops to market, draining their bank accounts to pay for the operation, and the ghost of panics past seems to always arise in October and haunt investors, contends an article from the Enterprising Investor blog in CFA Institute.

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Portfolio Consulting Banking Economy 59

Clever Girl Finance

OCTOBER 7, 2022

When it comes to the subject of budgeting for kids, it’s an important lesson to learn young. With a solid foundation of budgeting basics , your kids will be set up for the real world better than most. You can also incorporate budgeting lessons into their lives at a young age. Let’s explore some strategies you can employ when teaching kids about budgeting.

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Budgeting Finance Knowledge Food Investments 59

Validea

OCTOBER 7, 2022

All four of Citadel’s hedge funds have returned double-digits so far this year, far exceeding many of its peers in this volatile year. According to an article in Bloomberg , Citadel’s flagship multi-strategy fund Wellington has returned about 29% in 2022, while its Global Fixed Income fund has returned about 24%. Meanwhile, its Tactical Trading fund rose 2.4% last month, bringing its yearly gain to 21%, and its Equities fund climbed 2.5%, taking its year-to-date returns to about 17%.

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Banking Assets Planning Investing 59

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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?

Sales

Advisor Websites

OCTOBER 7, 2022

Personal branding is essential for businesses since it allows them to create a unique identity that separates them from their competitors.

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Financial Advisor 52

James Hendries

OCTOBER 7, 2022

First, we want to acknowledge the tremendous damage and displacement caused by Hurricane Ian. Our thoughts are with those impacted by this devastating storm. This has clearly been a challenging year for households. Stocks and bonds are both down significantly. Elevated food and gas prices continue to stretch budgets, and higher interest rates have increased borrowing costs.

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Clients Asset Allocation Portfolio Assets 52

Norman Marks

OCTOBER 7, 2022

I continue to see internal audit functions performing audits that are highly unlikely to make a difference to the success of the organization. One article I saw that was (sadly) on the IIA’s blog site asserted that risk-based auditing ensured that every entity in the audit universe is audited at least once every few years. […].

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Government 45

James Hendries

OCTOBER 7, 2022

Key changes from September report: Downgrading financials view to negative from neutral. Upgraded our view of duration to neutral. Lowered S&P 500 Year-End Fair. Value Target to 4,000-4,100 from 4,300-4,400. Investor sentiment was hit from multiple directions in September, but fears that a more hawkish Federal Reserve (Fed) would drive a hard landing for the U.S. economy following disappointing August inflation data was the top cause of the market’s struggles.

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Portfolio Taxes Investment Advisor Asset Allocation 52

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Accounting