The Big Picture
JANUARY 11, 2023
My mid-week morning train WFH reads: • The Fed May Finally Be Winning the War on Inflation. But at What Cost? There’s a good chance that the Fed could push the economy into recession. The pain will not be shared equally. ( New York Times ). • Something big is happening in the U.S. housing market—here’s where 27 leading research firms think it’ll take home prices in 2023.
The Reformed Broker
JANUARY 11, 2023
After December’s trash fire, markets are optimistic, says Ritholtz’s Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.
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Abnormal Returns
JANUARY 11, 2023
Podcasts Christine Benz and Jeff Ptak talk with Mark Miller, author of "Retirement Reboot: Commonsense Financial Strategies for Getting Back on Track." (the-long-view.simplecast.com) A discussion about when it is time to adjust your retirement plans. (mullooly.net) Banking High yield bank savings accounts are now actually high yield. (awealthofcommonsense.com) The BNPL bubble is set to burst.
Nerd's Eye View
JANUARY 11, 2023
Leading up to 2022, financial advisors and their clients had grown accustomed to a relatively low mortgage rate environment. In fact, until earlier this year, the average 30-year fixed mortgage rate had stayed below 5% since 2010 (and below 7% since 2001). But as the Federal Reserve has sought to raise interest rates this year to combat inflation, mortgage rates have reached higher levels not seen in more than 20 years, with 30-year fixed mortgages reaching an average of 6.9% in October 2022, tw
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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.
Abnormal Returns
JANUARY 11, 2023
Markets How does the 60/40 portfolio perform after big down years? (awealthofcommonsense.com) GMO loves deep value stocks. (ft.com) FTX Bankruptcy courts were not built to unwind crypto messes like FTX. (economist.com) Alameda Research made a big investment in miner Genesis Digital Assets soon before the FTX unwind. (wsj.com) BITO Bitcoin tanked in 2022 but Bitcoin futures ETPs held in there.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
JANUARY 11, 2023
Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2023. Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I’ll post thoughts on those in the newsletter (others like GDP and employment will be on this blog). I'm adding some thoughts, and maybe some predictions for each question. 4) Participation Rate: In December 2022, the overall participation rate was at 62.3%, up year-over-year from 62.0% in December 20
Wealth Management
JANUARY 11, 2023
Charles Richard Burgess will go to prison for more than six years for fleecing investors of more than $4 million, while pretending to be a registered investment advisor.
Calculated Risk
JANUARY 11, 2023
Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2023. Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I’ll post thoughts on those in the newsletter (others like GDP and employment will be on this blog). I'm adding some thoughts, and maybe some predictions for each question. 3) Unemployment Rate: The unemployment rate was at 3.5% in December, down 0.4 percentage points year-over-year.
Wealth Management
JANUARY 11, 2023
Investors with a net worth of $30 million or greater saw real estate as an attractive investment opportunity in 2022 amid volatility in financial markets, reports Barron’s. Urban Land Institute looks at the five sustainability issues likely to face the commercial real estate industry this year. These are among today’s must reads from around the commercial real estate industry.
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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.
Good Financial Cents
JANUARY 11, 2023
A career in a major bank can be both rewarding and well-paying, with top positions garnering income of hundreds of thousands or even millions of dollars annually. For example, investment bankers are near the top of the list, often working for large investment banks like Goldman Sachs or Morgan Stanley. But what exactly do these high-earning professionals do?
Wealth Management
JANUARY 11, 2023
Industry experts expect a difficult economic environment to keep CMBS issuance volume down while existing loans may see higher delinquency rates.
Advisor Perspectives
JANUARY 11, 2023
Here’s a worthy goal to contemplate for 2023: Reduce stress and anxiety in your life, especially from family. The benefits of achieving this goal are significant.
Wealth Management
JANUARY 11, 2023
The company plans to build a family-focused resort aimed specifically at younger kids on 97 acres of land it’s acquired in the Dallas suburb of Frisco, Texas. It will include rides, shows and a hotel, as well as character meet and greets tied to the company’s library of film and TV properties, which include Minions and Shrek. The company also announced plans for a year-round, horror-focused destination in Las Vegas.
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
JANUARY 11, 2023
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 6, 2023. The Refinance Index increased 5 percent from the previous week and was 86 percent lower than the same week one year ago.
Clever Girl Finance
JANUARY 11, 2023
Minimalism hasn't always been the trendy lifestyle portrayed on Pinterest. In fact, some black minimalists grew up with a different understanding of this concept. Minimalism, for many people who are part of black and brown communities, isn’t simply an enlightened lifestyle change. They grew up with it as a way of life. However, some black women have taken to the minimalist movement and are using it as a tool of empowerment.
A Wealth of Common Sense
JANUARY 11, 2023
Today’s Animal Spirits is brought to you by YCharts: Enter your information here to get 20% off YCharts (new clients only) On today’s show, we discuss: Jeff Bezos may return to helm Amazon, says forecaster of double-digit stock market losses last year Amazon workers joke about Jeff Bezos’s comeback amid Andy Jassy layoffs The 2023 Economy FAQ: Is recession inevitable?
Nationwide Financial
JANUARY 11, 2023
Two of the most significant developments in the financial markets during 2022 were the breakout of higher interest rates and the return of stock market volatility. For a glimpse of how volatile stocks were last year, consider the VIX Index, often used as a gauge of fear or stress in the stock market. In 2022, the VIX spent 91% of trading days above 20.0, which signals a high degree of market volatility.
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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
JANUARY 11, 2023
A judge's role is not writing the laws but applying them as written to the facts.
Advisor Perspectives
JANUARY 11, 2023
Can you believe these grifters hawking indexed universal life (IUL) insurance on TikTok? Here’s the actions I’m taking to put an end to this predatory nonsense.
Wealth Management
JANUARY 11, 2023
Four steps clients should take before they even consider the possibility of a sale.
Calculated Risk
JANUARY 11, 2023
Today, in the Calculated Risk Real Estate Newsletter: Lawler: Freddie Mac “National” Home Price Index Down Again in November; Rents Continued to Slide A brief excerpt: Freddie Mac recently reported that its “National” Home Price Index (FMNHPI) declined for the fifth straight month on a seasonally adjusted basis in November, putting the FNNHPI down 2.06% from its June 2022 peak.
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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
JANUARY 11, 2023
Take these "advisor must-dos" with a grain of salt.
Calculated Risk
JANUARY 11, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for 220 thousand initial claims, up from 204 thousand last week. • Also, at 8:30 AM, The Consumer Price Index for December from the BLS. The consensus is for 0.1% increase in CPI, and a 0.3% increase in core CPI.
FMG
JANUARY 11, 2023
2022 has been a wild year, but with all the things that have happened, it’s hard not to look back at it with wonder. From NASA looking at distant galaxies to England giving beavers legal protection. In addition to that, FMG has its Fall 2022 Showcase Roundup to highlight our lovely clients who were kind enough to give us their time and attention.
Advisor Perspectives
JANUARY 11, 2023
Microsoft Corp. is in discussions to invest as much as $10 billion in OpenAI, the creator of viral artificial intelligence bot ChatGPT, according to people familiar with its plans.
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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.
Integrity Financial Planning
JANUARY 11, 2023
If inflation is the silent killer of retirement planning, what can you do about it? On today’s show, Brian talks through the rule of 72, how it relates to inflation, and how understanding this rule can impact your financial plan. Whether it’s real estate, the stock market, or business growth, apply the rule of 72 to see how long it takes to grow your money into what you need.
Advisor Perspectives
JANUARY 11, 2023
Emerging-market stocks extended their lead over US shares in the early days of the new year, with the equity benchmark rising to a six-month high against the S&P 500 Index.
Trade Brains
JANUARY 11, 2023
Top IT Penny Stocks: Investors of large IT stocks got burnt recently due to the global slowdown. Newly listed tech companies like Paytm and Nykaa gave serious blows too, reaching lower lows every other day. Some investors came down a step for mid-cap IT stocks. A few, even considered penny IT stocks eying multi-bagger gains to offset recent losses. In this article, we talk about the top IT penny stocks in India that risk-taking investors can add to their watchlists.
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