Sat.Aug 31, 2024

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Schedule for Week of September 1, 2024

Calculated Risk

I'll be out of contact from August 20th until Sept 4th. I'll be back for the August employment report. The key report this week is the August employment report on Friday. Other key indicators include the August ISM manufacturing index, August auto sales, and Trade Deficit for July. -- Monday, September 2nd -- All US markets will be closed in observance of the Labor Day holiday. -- Tuesday, September 3rd -- 10:00 AM: ISM Manufacturing Index for August. 10:00 AM: Construction Spending for July.

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10 Weekend Reads

The Big Picture

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • How To Make Millions As a Professional Whistleblower : A little-known provision in US law permits anyone to blow the whistle on financial fraud — and potentially take home a percentage of the funds collected. One undercover sleuth has made a wild career out of it. ( GQ ) • Why Aging Comes in Dramatic Waves in Our 40s and 60s : A new study suggests that waves of aging-relat

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Supply Disruptions Could Push Copper Prices Higher

Advisor Perspectives

Copper has been trending lower since the middle of May, but supply disruptions in Latin America could help reverse that trend.

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Does Your Portfolio Need To Evolve.Selectively?

Random Roger's Retirement Planning

One of my many quirks (we all have them) is a never ending fascination with investment portfolios that either are or are thought to be sophisticated like the Permanent Portfolio, various endowment portfolios and so on. The Trinity Portfolio by Meb Faber and Cambria Investments is another example. I've written about it a few times. The results haven't been great but the idea of trying to figure out how to allocate so much to trend is intriguing even if I'm never going to go as heavy as Meb believ

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Gala Precision Engineering IPO – GMP, Financials and More

Trade Brains

Gala Precision Engineering Company is coming up with its IPO fresh issue of Rs. 135.34 crores and offer for sale worth Rs. 32.59 crores totaling Rs. 167.93 crores, which will open on 2 nd September 2024. The issue will close on 4 th September 2024 and be listed on the exchange on 9 th September 2024. In this article, we will look at the Gala Precision Engineering IPO Review and analyze its strengths and weaknesses.

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Fed Favored Inflation Gauge’s Mild Gain Sets Stage for Rate Cut

Advisor Perspectives

The Federal Reserve’s preferred measure of underlying US inflation rose at a mild pace and household spending picked up in July, reinforcing policymakers’ plan to start cutting interest rates next month.

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Swap Bonds for Commodities in 60/40 Funds, BofA Strategists Say

Advisor Perspectives

Investors pursuing widely followed 60/40 strategies should consider swapping out bonds for commodities, according to strategists at Bank of America Corp.

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The Pecking Order of 401(K) Plan Design: A Bird’s Eye View

Advisor Perspectives

Establishing the optimal workplace retirement plan follows a pecking order, which starts by prioritizing plan design over investments. Our Mike Dullaghan discusses the process.

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King Dollar's Softening Is Good News for Nearly Everyone

Advisor Perspectives

Has the tide turned decisively against King Dollar? A fall of around 5% in the greenback versus major currencies in the past two months, pushing the dollar index to a 13-month low, suggests its post-pandemic surge has meaningfully faltered.

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BLS Data Slipups Are Becoming a Pattern

Advisor Perspectives

This can’t keep happening. With trust in government already ebbing , there’s yet one more reason to question the integrity of the office that distributes key data about jobs and prices. The problems at the Bureau of Labor Statistics need to be addressed quickly for the good of financial markets, the economy and public confidence in the state.

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2025 Industry Index: How Top Advisors Are Scaling Smarter (and Faster) This Year

Where are top advisors focusing in 2025? AcquireUp’s 2025 Industry Index reveals it all. Based on insights from 200+ financial professionals nationwide, discover why 74% say seminars and referrals deliver the best ROI, how automation is helping advisors scale faster, and why only 8% are tapping into niche marketing (a major growth opportunity!). Whether you're refining your client acquisition strategy or scaling your practice, this report gives you the real-world data, benchmarks, and action ste

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The Tax Implications of Your Short-Term Investments

Advisor Perspectives

As tax season draws nearer, advisors and investors increasingly look to their portfolio to optimize exposures for taxation purposes.

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Analytical Volatility Is Worse than Market Whiplash

Advisor Perspectives

The US economic data released in early August not only triggered a brief, but dramatic episode of financial-market volatility. It also fueled an abnormal degree of instability in forecasts by leading Wall Street economists, suggesting that they, like the Federal Reserve, may have lost their strategic bearings.