Wed.Jan 04, 2023

article thumbnail

State Coincident Indicators: November 2022

The Big Picture

The Philly Fed’s November State Coincident Indicators snuck out while I was away (1/28/22). There are increasing signs of local distress revealed in the midwest, and lots of softness elsewhere. As detailed here , over the past month, the SCI indicies increased in 30 states, decreased in 13 states, and remained stable in seven, for a one-month diffusion index of 34.

Numbers 284
article thumbnail

Implementing Retirement Income Guardrails To Facilitate (The Right) Spending Raises And Spending Cuts

Nerd's Eye View

Financial advisors have a wide range of strategies at their disposal to create financial plans for their clients. And when it comes to retirement planning, one popular technique is the use of ‘guardrails’, which set an initial monthly withdrawal rate that can be later adjusted as the size of the client’s portfolio changes. This strategy is valuable because it generally allows for higher initial withdrawal rates than more static approaches that don’t accommodate clients wi

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Wednesday links: what winning looked like

Abnormal Returns

Markets 15 charts that explain 2022 returns. (morningstar.com) 2022 was a good year for value. (blog.validea.com) Consumer sentiment is awful. (alhambrapartners.com) Commodities Managed futures returns in 2022 were front-end loaded. (rcmalternatives.com) Natural gas prices in Europe have fallen to pre-war levels. (axios.com) Lumber prices are back down to pre-pandemic levels.

article thumbnail

Clips From Today’s Closing Bell

The Reformed Broker

Investors need to accept we’re in a new paradigm, says Ritholtz’s Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

130
130
article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

article thumbnail

Personal finance links: ignoring the lottery

Abnormal Returns

Retirement Why you need a diversified life portfolio in retirement. (wsj.com) Why you want to have options in retirement. (kiplinger.com) Everybody wants the FI in FIRE. (bestinterest.blog) Giving up How to de-prioritize activities that don't serve you. (genyplanning.com) Why you should choose simplicity over complexity: the case against FSAs. (abnormalreturns.com) This startup site is designed to provide people with information about divorce.

More Trending

article thumbnail

Successful Emergency Fund Basics

Your Richest Life

Few things about financial planning are absolutely certain, but one thing is: expensive emergencies are going to happen. Whether your roof sprung a leak, you lost your job or your dog needs emergency surgery, you’ll need an emergency fund to cover surprise expenses. Here is a quick guide to creating a successful emergency fund , so you can feel more confident when an unexpected cost comes up: What is an Emergency Fund?

article thumbnail

MBA: Mortgage Applications Decreased Over Last Two Weeks

Calculated Risk

From the MBA: Mortgage Applications Decreased Over a Two-Week Period in Latest MBA Weekly Survey Mortgage applications decreased 13.2 percent from two weeks earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 30, 2022. The results include adjustments to account for the holidays.

article thumbnail

Alvarium Tiedemann SPAC Lists on NASDAQ

Wealth Management

Cartesian Growth Corporation has closed on its deal to merge with RIA Tiedemann Group and wealth and investment manager Alvarium Investments. The combined firm began trading under the ticker "ALTI.

article thumbnail

Vehicles Sales Declined to 13.31 million SAAR in December

Calculated Risk

Wards Auto released their estimate of light vehicle sales for December: Fullsize Trucks Lift December U.S. Light-Vehicle Sales Above Expectations; Calendar 2022 Ends at 11-Year Low (pay site). Wards Auto estimates sales of 13.31 million SAAR in December 2022 (Seasonally Adjusted Annual Rate), down 5.9% from the November sales rate, and up 4.7% from December 2021.

Sales 98
article thumbnail

2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

article thumbnail

Why Markets Were Down in 2022

A Wealth of Common Sense

There were a number of reasons for the large losses in financial markets this past year — the Fed went on a rating hiking rampage, bond yields rose a great deal, inflation hit 40 year highs, there was a war and about a dozen other factors. However, there was also an Occum’s razor answer for the losses in financial markets in 2022. Sometimes the reason asset prices fall is because they went up too much in the f.

article thumbnail

Moody's: National Multifamily Supply and Demand at Lowest Levels since 2009

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Moody's: National Multifamily Supply and Demand at Lowest Levels since 2009 A brief excerpt: The big story here is that demand for apartments fell off a cliff in Q4 2022, but that new supply was also very low, even though there are a large number of apartments currently under construction. First, from Moody’s Analytics Senior Economist Lu Chen and economist Xiaodi Li: Apartment struck a balance, Office demand plummeted, and Retail remains fla

Retail 97
article thumbnail

DOJ: Arizona 'Advisor' Used $13M in Client Funds to Buy Metals

Wealth Management

The Flagstaff, Ariz.-based John Lopez promised clients his "algorithm" guaranteed 10% returns; he faces 20 years in prison for allegedly deceiving clients of his non-registered business, Personal Money Management Company.

Clients 103
article thumbnail

The Job Market Struggles to Solve the Recession Puzzle

Advisor Perspectives

The economy faces dual threats: the inflation we can see and a recession we dread. When will we know whether we have won or lost either fight?

Economy 98
article thumbnail

Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

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.

article thumbnail

Kingswood SPAC Files for Wentworth to Go Public

Wealth Management

Recent filings with the SEC indicate that the Kingswood/Wentworth deal is on track to close early this year, despite the difficult environment for SPACs.

107
107
article thumbnail

Digital Marketing & AI Technology to Drive Life Insurance & Annuity Sales in 2023

NAIFA Advisor Today

Digital Marketing had the biggest growth for generating insurance sales since 2021. In a recent global study conducted by Accenture, most insurance buyers now search for information on digital channels. 48% of insurance customers who responded to an Accenture survey stated that social media would factor into their insurance-buying decision. Introducing agents and training to effectively utilize email, social media, web-based advertising, text messages, and personalized videos which helps maximiz

article thumbnail

Eight Must Reads for the CRE Industry Today (Jan. 5, 2023)

Wealth Management

The Wall Street Journal analyzes Blackstone’s recent deal with the University of California. Smaller banks are stepping up to fill some of the gap left by other commercial real estate lenders, reports Bisnow. These are among today’s must reads from around the commercial real estate industry.

Banking 99
article thumbnail

Animal Spirits: 10 Predictions For 2023

A Wealth of Common Sense

On today’s show, we discuss: Stock and bond markets shed more than $30tn in brutal 2022 10 predictions for 2022 10 predictions for 2023 Cathie Wood’s grim 2022 is over, next year also looks bad The tech IPO market collapsed in 2022, and next year doesn’t look much better Big banks predict recession, Fed pivot in 2023 Your coworkers are less ambitious, bosses adjust to the new order Here’s.

Banking 76
article thumbnail

Transforming Lending: Understanding the Power of Digital Platforms

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.

article thumbnail

Want to Succeed on Wall Street? Learn Poker, Not Economics

Wealth Management

A new study from the Federal Reserve finds that among professional investors, neither intelligence nor other personality traits and cognitive skills matter much.

Economics 103
article thumbnail

Vehicle Sales Per Capita as of November 2022

Advisor Perspectives

The moving average for the per-capita Light Vehicle Sales series peaked in 2005. Over fifteen years later, it is now down 22% from that peak.

Sales 72
article thumbnail

The Telecommuting State Tax Battle

Wealth Management

The shift to working remotely comes with tax return implications.

Taxes 119
article thumbnail

Fed’s 2% Inflation Goal Is Not “Credible,” Says Ackman

Validea

The Fed’s hoped-for inflation goal of 2% is “no longer credible,” wrote Bill Ackman, founder of Pershing Square Capital Management, in a Twitter thread he posted after Fed Chair Jerome Powell stated that interest rates would keep rising until inflation hits that golden 2%. Instead, the Fed should aim for a 3% target in order to bolster long-term growth, Ackman wrote in the tweets, which were cited in an article in Bloomberg.

article thumbnail

Quick Start Guide to a Crystal Clear Close

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!

article thumbnail

Walking Through December's ETF Launches

Wealth Management

Almost two dozen ETFs made their market debuts in the last month of 2022.

article thumbnail

December S&P Global US Manufacturing PMI™: Deteriorating Faster

Advisor Perspectives

The December S&P Global US Manufacturing PMI™ came in at 46.2, down 1.5 from the final November figure and in contraction territory for the second consecutive month. S&P Global US Manufacturing PMI™ is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction.

article thumbnail

BlackRock Halts Withdrawals From £3.5 Billion UK Property Fund

Wealth Management

The world’s largest asset manager told clients in the BlackRock UK Property Fund in the past few days that it will defer redemption requests made at the end of September 2022.

Assets 57
article thumbnail

Zoe Wins NerdWallet’s 2023 Best-Of Awards For Best Online Financial Advisor

Zoe Financial

Zoe Wins NerdWallet’s 2023 Best-Of Awards For Best Online Financial Advisor. Published January 4th, 2023 . Reading Time: 3 minutes. Written by: Andres Garcia-Amaya. Two is better than one! Zoe won NerdWalletʼs 2023 Best-Of Awards for the category of Best Online Financial Advisor for the second year in a row. This award is a testament to all the clients who have trusted us to help them protect and grow their wealth.

article thumbnail

The Blueprint for a Customer-Centric Digital Lending Experience

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.

article thumbnail

Mailbag: Do I have Enough to Retire with my Pension?

Integrity Financial Planning

We all want to know that we have enough for retirement when the time comes. Brian answers a question from the mailbag from someone who previously thought she couldn’t afford retirement but has since realized her pension would provide more than she thought. Is it enough to retire though? How do you figure that out? Here are the listener questions Brian answers today: Mailbag: Should I pay off a home with my inheritance?

article thumbnail

Thursday: Trade Deficit, ADP Employment, Unemployment Claims

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:15 AM ET, The ADP Employment Report for December. This report is for private payrolls only (no government). The consensus is for 145,000, up from 127,000 jobs added in November. • At 8:30 AM, Trade Balance report for November from the Census Bureau. The consensus is the trade deficit to be $76.1 billion.

article thumbnail

Top Blue Chip Stocks under Rs 2500 to add to your watchlist

Trade Brains

Top Blue Chip Stocks under Rs 2500 : A blue chip is an informal term that is used to refer to a nationally recognized, well-established, and fundamentally sound company, with an enviable market reputation. These companies generally sell high-quality, widely accepted products and services. They operate profitably in the face of adverse economic conditions.

Retail 52