The Big Picture
NOVEMBER 3, 2023
We just experienced the strongest economic recovery since the end of World War II Source: Irrelevant Investor Light posting as I’m getting ready for some travel, but this chart is so amazing. It’s hard not to look at the two biggest recovery outliers: The post-WW2 era, and the post-Covid Era. The parallels are pretty strong, especially when it comes to both the Labor market and the Inflation surges.
Abnormal Returns
NOVEMBER 3, 2023
Markets There are always scary headlines in the stock market. (awealthofcommonsense.com) One week doth not a bond bull market make. (allstarcharts.com) Crypto SBF found guilty on all counts. (coindesk.com) So much for everyone who said SBF wouldn't be indicted and/or convicted. (lefsetz.com) Companies Six Flags ($SIX) and Cedar Fair ($FUN) are merging.
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Nerd's Eye View
NOVEMBER 3, 2023
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Department of Labor this week released its long-awaited "retirement security rule", its latest effort to curb conflicts of interest around retirement savings recommendations. Among other measures, the proposal would amend the current 5-part test that determines fiduciary status for retirement accounts by defining as a fiduciary act a one-time recommendation to roll fun
Abnormal Returns
NOVEMBER 3, 2023
Economy Kyla Scanlon talks with Derek Thompson about how to rally people to an abundance mindset. (youtube.com) Derek Thompson talks with Conor Sen about the housing recession. (open.spotify.com) Business Patrick O'Shaughnessy talks with Palmer Luckey, founder of Anduril Industries. (joincolossus.com) Alex Kantrowitz talks with Tekedra Mawakana is the Co-CEO at Waymo.
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 Reformed Broker
NOVEMBER 3, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Eric Jackson, and Downtown Josh Brown discuss the market’s strong start to November, using AI and machine learning to find alpha, the magnificent 7, fintech stocks, the court ruling impacting real estate stocks, 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.
Wealth Management
NOVEMBER 3, 2023
“Technology is not going to replace advisors, but advisors who do embrace technology are going to replace advisors who don’t,” said David Karr, chairman of Equitable Advisors.
A Wealth of Common Sense
NOVEMBER 3, 2023
Here’s a conversation between me and a hypothetical stock market investors who worries a lot: Investor: The S&P 500 is the only game in town to invest in but I’m worried because the valuations are so high and all of the gains are coming from a handful of stocks. Me: If you think the large cap U.S. stocks are overvalued you could always invest in small caps, value stocks or foreign shares.
Wealth Management
NOVEMBER 3, 2023
Industry leaders speaking at AdviceTech.Live said they have spent significant sums of money on the development of AI to increase both automation and scale, but the human advisor remains central.
Alpha Architect
NOVEMBER 3, 2023
The timelier adoption of new technology and the higher likelihood of large-scale technology adoption make the risk associated with technological innovation more systematic, which in turn increases returns required by investors for technology spillover recipients. Technology Spillover Impacts Stock Returns was originally published at Alpha Architect.
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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.
Wealth Management
NOVEMBER 3, 2023
The new United Capital has $20 billion in total assets, 125 advisors, its own ADV and a management team pulled from both Creative Planning and Goldman Sachs.
Integrity Financial Planning
NOVEMBER 3, 2023
In this digital age, shifting our attention back to the tangible world of magazines might seem like a step back, but there’s a certain charm and satisfaction in flipping through the crisp pages of a well-curated publication. Here are some compelling reasons to revisit the world of magazines and a few exceptional recommendations to get you started.
Wealth Management
NOVEMBER 3, 2023
Vib Arya, chief operating officer at Shufro Rose & Co., provides an honest assessment of the technology tools used by the $1.8 billion AUM firm to work with clients and drive business.
Advisor Perspectives
NOVEMBER 3, 2023
The latest employment report showed 150,000 jobs were added in October, less than the expected addition of 180,000 new jobs. Meanwhile, the unemployment rate increased to 3.9%.
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
NOVEMBER 3, 2023
This is a pivotal moment in this ever-changing landscape, requiring advisors to weigh the benefits against the drawbacks and make informed decisions about their future path.
Calculated Risk
NOVEMBER 3, 2023
The BEA released their estimate of vehicle sales for October. This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the October 2023 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019.
Wealth Management
NOVEMBER 3, 2023
F2 Strategy's co-founder and CEO provides his take on the most important wealth management technology news of the last month.
Calculated Risk
NOVEMBER 3, 2023
From the BLS : Total nonfarm payroll employment increased by 150,000 in October, and the unemployment rate changed little at 3.9 percent , the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, government, and social assistance. Employment declined in manufacturing due to strike activity. The change in total nonfarm payroll employment for August was revised down by 62,000, from +227,000 to +165,000, and the change for September was revised down by 39,000, from +33
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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
NOVEMBER 3, 2023
Advisor Robert Moon, who managed $500 million at Merrill Lynch’s Private Banking and Investment Group, joins Rockefeller's Global Family Office.
Calculated Risk
NOVEMBER 3, 2023
From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. Combined originated carloads and intermodal units on U.S. railroads averaged 499,331 per week in October 2023, the most for any month since June 2021 — a span of 28 months. Part of the increase relates to intermodal seasonality and concerns over Panama Canal capacity, but part also reflects an economy that remains resilient. emphasis added Click on graph for larger image.
Wealth Management
NOVEMBER 3, 2023
Multifamily has maintained its status as the best performing and most resilient asset class through economic cycles.
Calculated Risk
NOVEMBER 3, 2023
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 3 weeks ago for "now", since the most recent two weeks will be revised significantly. Hospitalizations have more than doubled from a low of 5,150 in June 2023, but have declined over the last few weeks.
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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
NOVEMBER 3, 2023
Notes on these TED Talks that inspired your colleagues.
Financial Symmetry
NOVEMBER 3, 2023
On your journey to reach your ideal retirement stock options can be a valuable tool to have in your arsenal. However, it’s easy to make mistakes with them since it’s not like there’s a class in high school that helps … Continued The post 8 Typical Stock Option Mistakes to Avoid, Ep #203 appeared first on Financial Symmetry, Inc.
Wealth Management
NOVEMBER 3, 2023
Low close ratios are almost always the result of a lack of training.
Calculated Risk
NOVEMBER 3, 2023
Today, in the Calculated Risk Real Estate Newsletter: Lawler: Single-Family Rent Results A brief excerpt: [H]ere are the latest rent trends just reported from two of the largest publicly traded firms in the single-family rental industry: Invitation Homes, and AMH (American Homes 4 Rent). The rent trends are for “same store/same properties.” Note that while rental growth rates have clearly decelerated at both firms since 2022, the slowdown in rent growth has been nowhere near as large as that in
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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.
Wealth Management
NOVEMBER 3, 2023
AdvisorEngine's Craig Ramsey details why having up-to-date data allows for better and faster decision making.
Trade Brains
NOVEMBER 3, 2023
Best Penny Stocks With High ROE: In the world of investing, penny stocks are like hidden treasures. They’re often from smaller, less famous companies that could grow a lot. But, they’re also very risky. One of the ways to judge the potential of these stocks is by seeing how much return these stocks have given to their shareholders. In this article, we’ll talk about the 5 Best penny stocks With High ROE, we selected 5 stocks from various industries based on high ROE.
Walkner Condon Financial Advisors
NOVEMBER 3, 2023
A Donor Advised Fund (DAF) is both a type of financial account and a charitable giving vehicle that allows the donor to contribute cash and non-cash assets into a fund where those assets are then invested. The donor can then direct grants from the fund to their charity of choice when they choose. That is a simplified explanation, but Donor Advised Funds have become very popular over the past few decades due to their ease of set up, tax benefits, and flexibility.
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