The Reformed Broker
APRIL 28, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Brian Shannon and Downtown Josh Brown discuss olume-Weighted Average Price (VWAP), trading strategies, technical analysis, tech earnings, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!
The Big Picture
APRIL 28, 2023
Today, I am interviewing Peter Borish, one of the legends of trading & investing: Founding partner and right-hand man to Paul Tudor Jones at Tudor Investment Corporation; he was Director of Research for 10 years. He was the founding Trustee of the Robin Hood Foundation in 1988He was also Chairman and CEO of Computer Trading Corporation, an investment and advisory firm whose largest consulting client is the Canadian Imperial Bank of Commerce (CIBC).
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Abnormal Returns
APRIL 28, 2023
Venture capital Ted Seides talks biotech investing with Rod Wong is the founder and Managing Partner of RTW Investments. (capitalallocators.com) Eric Newcomer talks climate investing with Albert Wenger of USV. (newcomer.co) Business Meb Faber talks with Sam Zell about the real estate market including private REITs. (mebfaber.com) David Rosenthal and Benjamin Gilbert talk gaming business models with Mitch Lasky and Blake Robbins of Benchmark Capital.
Nerd's Eye View
APRIL 28, 2023
Enjoy the current installment of "Weekend Reading For Financial Planners" — this week’s edition kicks off with the news that following previous guidance regarding obligations under Regulation Best Interest (Reg BI) regarding account recommendations and conflicts of interest, the SEC released a new bulletin this week focusing on the duty to care.
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
APRIL 28, 2023
My end-of-week morning train WFH reads: • Fearful Millennials Missed Stock Market Rally With Shift to Cash : Getting out of stocks last year meant missing 2023 rally Other generations were more likely to stay put during rout. ( Bloomberg ) • In Manhattan’s Sluggish Home Market, Cash Is Greasing the Wheels : A record share of buyers are avoiding mortgages, and sellers eager to close are jumping at their all-cash offers.( Wealth ) see also Commercial Real-Estate Woes Run Deeper Than in Past Downtu
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
APRIL 28, 2023
Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through March 2023: CPI Shelter was up 8.2% year-over-year in March, up from 8.1% in February. Housing (PCE) was up 8.3% YoY in March, from 8.2% in February. Since rents are soft and " Apartment Market Continues to Loosen " this means both CPI and PCE measures are currently overstating actual inflation.
Indigo Marketing Agency
APRIL 28, 2023
Your LinkedIn headline is a 120-character “hook” that appears right under your name on your profile and in search results. Similar to a newspaper or magazine headline, yours should be catchy, interesting, and easy to read. Your headline is your opportunity to capture interest and invite users to learn more about you. You may not realize that headlines show up along with your name during an active search, meaning that as I type into the LinkedIn search bar, profiles and their corresponding headli
Calculated Risk
APRIL 28, 2023
The BEA released the Personal Income and Outlays report for March: Personal income increased $67.9 billion (0.3 percent) in March , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $71.7 billion (0.4 percent) and personal consumption expenditures (PCE) increased $8.2 billion (less than 0.1 percent ).
Advisor Perspectives
APRIL 28, 2023
The S&P 500 finished the week up 0.87% after a strong push on Thursday and Friday. The index is currently up 8.59% year to date and is 13.07% below its record close from January 3, 2022.
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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
APRIL 28, 2023
While much capital stalled earlier this year, those with liquidity and friendly relationships with their lenders can strike while the iron is hot and acquire value-add assets for their single-family portfolios.
Nationwide Financial
APRIL 28, 2023
Key Takeaways: The WA Cares Fund, a mandatory long-term care insurance benefit was officially signed into law in April of 2021, and its short lived opt-out opportunity affected the ability to get LTC business issued in a timely fashion all around the country. California is set to explore a publicly financed LTSS solution; the state has put together five options being studied and priced.
Wealth Management
APRIL 28, 2023
The Friedman Peters Group has more than $400 million in managed assets and will join RBC’s San Francisco location, following several other additions in the Golden State earlier this month.
Your Richest Life
APRIL 28, 2023
Knowing what you’re worth, and being able to negotiate for it, is an essential skill that can have profound impacts on your life. But for many people, negotiation can be so uncomfortable that they avoid it altogether. So whether you’re starting a new job or asking for a pay raise, negotiation skills are crucial for everyone. Here are some tips for negotiating successfully.
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
APRIL 28, 2023
Some investment pros have started to push back on the idea that commercial real estate as a whole is at risk. Some real estate developers are turning to AI to help with complex projects, reports Commercial Observer. These are among the must reads from around the real estate investment world to end the week.
Calculated Risk
APRIL 28, 2023
Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased Slightly in March; Up 1.0% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.3% month-over-month on a seasonally adjusted (SA) basis in March, putting the National FMHPI down 1.3% SA from its June 2022 peak, and down 2.6% Not Seasonally Adjusted (NSA) from the peak.
Wealth Management
APRIL 28, 2023
The Cynosure Group's plans to build an RIA for wealthy clients got a fortuitous boost in the wake of Silicon Valley Bank’s downfall, even as its chairman has come under scrutiny for his role in the collapse.
Indigo Marketing Agency
APRIL 28, 2023
When I work with advisors to grow their businesses, we always start with assessing their email list. Email is still the bread and butter of marketing. But if you’re not growing your email list, it’s probably shrinking due to a small number of people unsubscribing each month. Here are my tips for growing your email list, as well as two videos to show how to add people to your email list in both Constant Contact and MailChimp!
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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
APRIL 28, 2023
Portfolio construction in uncertain markets needs to include non-U.S. stocks, securitized debt, liquid and illiquid alternatives, according to speakers at the Morningstar Investment Conference.
MarketWatch
APRIL 28, 2023
U.S. stock indexes opened lower on Friday after Amazon warned about a slowdown in its cloud business, while strong inflation data cemented expectations for higher rates in the U.S. The Dow Jones Industrial Average dropped 70 points, or 0.2%, to 33,758. The S&P 500 was down 0.1%, while the Nasdaq Composite lost 0.3%. Amazon.com Inc. shares slumped 2.5% after the company's chief financial officer said in a conference call on Thursday that the company's cloud revenue is decelerating in the current
Wealth Management
APRIL 28, 2023
CI Financial says it will use the profits from selling a minority stake in $5 billion AUM Congress to pay down debt. Meanwhile, Captrust, Allworth Financial, Wealth Enhancement Group, Sanctuary Wealth and MAI announced transactions representing approximately $3.5 billion in assets this week.
Indigo Marketing Agency
APRIL 28, 2023
Financial Advisor Bio Most financial advisors haven’t completely filled out their LinkedIn profiles. They often have trouble writing about themselves and the benefits they offer clients. Writing a LinkedIn bio for financial advisors can be the most difficult type of writing, yet a great bio is critical when attracting prospects online. Follow these five steps to create an impactful bio that resonates with website visitors and communicates what makes you different.
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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
APRIL 28, 2023
New features include additions to portfolio analytics and model portfolios from BlackRock, Clark Capital, Fidelity and T. Rowe Price.
Alpha Architect
APRIL 28, 2023
John Campbell, Stefano Giglio, and Christopher Polk, authors of the March 2023 study “What Drives Booms and Busts in Value?,” sought to determine which factors drive value’s booms and busts. They interpreted the returns to the standard value strategy through the lens of Robert Merton’s intertemporal CAPM (ICAPM). The Drivers of Booms and Busts in the Value Premium was originally published at Alpha Architect.
Wealth Management
APRIL 28, 2023
eCIO founder Rob Roquitte discusses why in the post-pandemic, virtual world the one-size-fits-all service model does not work anymore.
A Wealth of Common Sense
APRIL 28, 2023
I have a confession to make. I’ve never read a book that changed my life. I know a lot of thought leaders and influencers who make top 10 lists of the books that supposedly changed their life but it’s never happened for me.1 I’ve had some good teachers over the years but never any professors in high school or college that had a lasting impact on my life.
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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
APRIL 28, 2023
The BEA's Personal Income and Outlays report for March was published this morning by the Bureau of Economic Analysis. The latest headline PCE price index was up 0.1% month-over-month (MoM) and is up 4.2% year-over-year (YoY). Core PCE dropped to 4.6% YoY, still well above the Fed's 2% target rate, and is up 0.3% MoM.
MarketWatch
APRIL 28, 2023
The rate for Series I Savings Bonds has reset to 4.3%, according to a post on the the Treasury Department’s website on Friday. TreasuryDirect.gov indicated that the new rate that goes into effect on May 1 will be 4.3% annualized. That includes a 0.9% fixed rate and 1.69% six-month rate. That is above estimates based on known inflation data, which had pegged the rate at below 4%.
Wealth Management
APRIL 28, 2023
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