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.
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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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
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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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!
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
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.
NAIFA Advisor Today
OCTOBER 7, 2022
NAIFA) is proud to announce Harry P. Hoopis , CLU, CHFC, Chief Executive Officer of the Hoopis Performance Network and a renowned entrepreneur, leader, and speaker is the recipient of the 81st annual John Newton Russell Memorial Award. The award is the highest honor accorded by the insurance industry to a living individual who has rendered outstanding services to the institution of life insurance.
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.
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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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.
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.
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.
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.
Clever Girl Finance
OCTOBER 7, 2022
Let's talk about recession-proof jobs! Any time the mention of a recession hits the headlines, there is a sense of worry about job security, and with good reason. In fact, let's look at recent history. During the 2008 recession, over 10% of Americans were unemployed. And 2020 brought a staggering loss of over 33.5 million jobs. Recessions mean fewer job hiring opportunities, mass layoffs, and intense competition for the job openings that are available.
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
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.
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?
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.
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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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.
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.
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.
Wealth Management
OCTOBER 7, 2022
Retirement industry thought leaders answer three probing questions on critical issues, providing an open, honest and candid dialogue.
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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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!
Wealth Management
OCTOBER 7, 2022
Same day approval! Get fast funding! Approval in hours! Not so fast; here's what's actually involved.
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%.
Wealth Management
OCTOBER 7, 2022
New ETF plans to provide the inverse performance of investments recommended by CNBC’s Cramer.
Validea
OCTOBER 7, 2022
Amidst negative investor sentiment and Bank of England’s promise to pour money into the bond market, Julian Emanuel of Evercore ISI says equities will see another bear-market rally soon. The remarks came in an interview with the “What Goes Up” podcast, the highlights of which are recapped in an article in Bloomberg. In reflecting how the UK market is affecting global markets, Emanuel said that the strength of the dollar is causing the swift monetary tightening that’s happening around the world.
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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.
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.
Validea
OCTOBER 7, 2022
In an interview with CNBC’s Market Alert , David Herro of Harris Associates reminded viewers that there’s always a lag effect to monetary policy. Though the Fed was “behind the ball, they seem to be catching up,” he said, noting that housing prices as well as the growth rate are beginning to soften. There seems to be more optimism in the market, giving hope to the possibility of the Fed engineering their soft landing after all.
Wealth Management
OCTOBER 7, 2022
“If you have to explain the joke, it’s not funny.
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