Abnormal Returns
JANUARY 19, 2024
Crypto Fidelity Wise Origin Bitcoin Fund ($FBTC) has surpassed $1 billion in AUM. (theblock.co) Why the churn at the Grayscale Bitcoin Trust ($GBTC) matters so much for Bitcoin. (ft.com) Vanguard made the right call. (morningstar.com) Companies Airbnb ($ABNB) didn't end up killing the hotel (stocks). (paulrlamonica.substack.com) Meta ($META) now wants in on the AGI game.
Nerd's Eye View
JANUARY 19, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study has found that while total financial advisor headcount across all channels only increased by 0.3% in 2023, the RIA space showed significantly more strength, with 10.4% growth, as breakaway brokers and new advisors see the potential benefits of the RIA model.
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The Big Picture
JANUARY 19, 2024
This week, we speak with Shomik Dutta , founder and managing partner at Overture , a venture capital firm focused on climate tech and sustainability startups. He is also co-founder and General Partner of Higher Ground Labs. He previously worked on both Obama presidential campaigns and served as a Special Assistant to the White House Counsel. Dutta discusses why Climate Investing is a for-profit opportunity, and not as it is so often portrayed as “Woke Investing.” The 2023 COP resu
Abnormal Returns
JANUARY 19, 2024
Listening A change to Apple ($AAPL) Podcasts is upending the industry. (semafor.com) Michael Covel talks with Mathew Passy, a Podcast Producer/Consultant at ThePodcastConsultant.com, about the nuts and bolts of podcasting. (trendfollowingradio.com) Bands are getting ripped off as scammers steal their songs for their own benefit on streaming services.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
The Big Picture
JANUARY 19, 2024
My end-of-week morning train WFH reads: • Americans are actually pretty happy with their finances : By the numbers: 63% of Americans rate their current financial situation as being “good,” including 19% of us who say it’s “very good.” Neither number is particularly low: They’re both entirely in line with the average result the past 20 times Harris Poll has asked this question. ( Axios ) • Japan’s Market Roars Back to Life—With Old-Timers Leading the Way : Afte
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Irrelevant Investor
JANUARY 19, 2024
The S&P 500 hit an all-time high today. It hasn’t done that since the first trading day of 2022. That’s 512 trading days and 747 calendar days. Just over two years. By historical standards, that wasn’t so bad. It didn’t feel great, but a two-year bear market is as normal as a blizzard in the northeast. They’ve happened before.
Calculated Risk
JANUARY 19, 2024
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 3.78 million SAAR in December; Months-of-Supply above December 2019 Excerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2022 and 2023. Sales declined 6.2% year-over-year compared to December 2022.
Wealth Management
JANUARY 19, 2024
Yieldstreet has been helping hundreds of thousands of investors get access to a wide range of alternative investments for several years. The deal with Luma is "our first big push into the RIA channel," its CEO says.
Trade Brains
JANUARY 19, 2024
Garden Reach Shipbuilders : Since its inception in 1884, this Kolkata-based shipbuilding powerhouse has left an indelible mark on India’s shipbuilding landscape. Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is more than a company, it’s a century-old legacy and a crucial contributor to the nation’s shipbuilding capabilities.
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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.
A Wealth of Common Sense
JANUARY 19, 2024
Following the Great Financial Crisis, there was a worry the coming tsunami of retiring baby boomers was going to lead to a retirement crisis of epic proportions.1 Their portfolios were down bad. Housing prices had crashed. They didn’t save enough money. People were worried about Social Security. Everyone was predicting lower returns for financial assets going forward.
Wealth Management
JANUARY 19, 2024
Also this week, DSJ has created a new RIA, Buckingham picked up a Detroit firm, Atria poached an Osaic team with $420 million, and St. Louis-based Krilogy announced three acquisitions in 2023.
Alpha Architect
JANUARY 19, 2024
Antonello Cirulli and Patrick Walker, authors of the December 2023 study “Outperforming Equal Weighting,” examined whether equally weighted portfolios could be enhanced by avoiding negative exposure to some of the most prominent factor anomalies documented in asset pricing literature. Outperforming Cap- (Value-) Weighted and Equal-Weighted Portfolios was originally published at Alpha Architect.
Advisor Perspectives
JANUARY 19, 2024
“The current fiscal path is unsustainable” This stark warning comes from the US Treasury Department’s Bureau of the Fiscal Service’s fiscal year-end projections 1. Based on current appropriations and tax law, these projections display steadily rising federal spending and flat tax receipts, as a percentage of GDP.
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.
Wealth Management
JANUARY 19, 2024
Unveiling the dynamics between customization and universal solutions.
Advisor Perspectives
JANUARY 19, 2024
A product has just gone up in price by 90% in 12 months. It now costs more than it has in 16 years. Most people would think twice about diving into a market like that.
Calculated Risk
JANUARY 19, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Due to changes at the CDC, weekly cases are no longer updated. For deaths, I'm currently using 4 weeks ago for "now", since the most recent three weeks will be revised significantly. Hospitalizations have more than quintupled from a low of 5,150 in June 2023. Hospitalizations are about 20% of the peak of 150,000 in January 2022.
Advisor Perspectives
JANUARY 19, 2024
The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of January 5th, the index was at 21.699, down 1.441 from the previous week, with 5 of the 6 components in expansion territory.
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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 19, 2024
The advance estimate of Q4 GDP will be released next week, and the consensus is for real GDP (SAAR) of 1.8%. From BofA: Overall, since our last weekly publication, our 4Q US GDP tracking estimate is up two-tenths to 1.3% q/q saar , while 3Q GDP finalized at 4.9% q/q saar in the third estimate. [Jan 12th estimate] emphasis added From Goldman: Following today’s data, we left our Q4 GDP tracking unchanged at +1.8% (qoq ar) and our Q4 domestic final sales growth forecast also unchanged at +2.5% (qoq
Advisor Perspectives
JANUARY 19, 2024
Existing home sales slid in December to their lowest level since 2010. According to the data from the National Association of Realtors (NAR), existing home sales fell 1.0% from November to reach a seasonally adjusted annual rate of 3.78 million units. This figure came in lower than the expected 3.82 million. Existing home sales are down 6.2% compared to one year ago.
Sara Grillo
JANUARY 19, 2024
This blog provides a few Twitter tips for financial advisors that you can use to build a community, get leads, and get new clients. Most financial advisors do a terrible job with Twitter; learn how to be the rare exception! But first… For those of you who are new to my blog, my name is Sara. I am a CFA® charterholder and financial advisor marketing consultant.
Advisor Perspectives
JANUARY 19, 2024
The S&P 500 rallied 1.2% on Friday to reach a new record high. The index surpassed its previous record close from January 3, 2022 and is currently up 2.04% year to date.
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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!
Carson Wealth
JANUARY 19, 2024
Join Carson Group’s Chief Market Strategist Ryan Detrick and VP, Global Macro Strategist Sonu Varghese as they share the hot and cold sides of the markets and economy. Highlights include: The stock market and economy are still going strong while inflation continues to fall Geopolitical concerns may be causing some apprehension amongst investors Will the Fed wait too long to cut interest rates?
Investing Caffeine
JANUARY 19, 2024
Wade Slome, President and Founder of Sidoxia Capital Management, recently had the pleasure of being featured on The Douglas Coleman Show hosted by Douglas Coleman. Drawing from professional and personal life lessons, Wade shares his knowledge about navigating market trends, building investment strategies, and also discuss the books he has authored.
Advisor Perspectives
JANUARY 19, 2024
Bond traders are growing convinced that US Treasury yields are on the brink of returning to the way they’ve traded for most of their existence — it’s the how, why and when of the normalization that keeps financial markets bouncing around.
Truemind Capital
JANUARY 19, 2024
A falling market tempts investors to invest more in the stocks they are holding. Everyone around you tells you to invest more in a falling market to average out the buying price. It makes perfect sense to add more stocks when the prices are cheaper but averaging out is an art and needs to be done strategically, else you end up holding losers that will form a significant part of your portfolio and would never go up again.
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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 19, 2024
Citigroup Inc.’s option volume was light on a recent Wednesday, until the session’s last 90 minutes when a wave of trades hit. These weren’t bets on the shares moving — rather, they were part of a long-dormant strategy that’s back in vogue thanks to the Federal Reserve’s interest rate hikes.
Truemind Capital
JANUARY 19, 2024
If you are concerned about how your investment will play out, you must watch out for events happening globally besides domestic developments. Many people hold the misconception that risks associated with their investments are mostly domestic. Therefore, they think and focus on possible risks like general elections, border skirmishes, low domestic GDP growth rates, etc.
Advisor Perspectives
JANUARY 19, 2024
Corporate America has greeted 2024 with a run of job-cut announcements. The reductions, though modest, seem puzzling at a time when the stock market is flirting with all-time highs and real gross domestic product growth continues to be healthy.
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