Sun.Jul 23, 2023

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Sunday links: frictions and costs

Abnormal Returns

Markets Sam Ro, "I think we sometimes take for granted how much the frictions and costs have come down for those seeking to trade or invest in stocks." (tker.co) Has sentiment already peaked? (allstarcharts.com) Strategy Cullen Roche, "Insurance is designed to provide you with short-term certainty around an uncertain outlier event. And when cash is yielding a high real return I think you can argue that cash is the ultimate portfolio insurance.

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Sunday Night Futures

Calculated Risk

Weekend: • Schedule for Week of July 23, 2023 • FOMC Preview: Likely 25bp Rate Hike Monday: • 8:30 AM ET, Chicago Fed National Activity Index for June. This is a composite index of other data. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 and DOW futures are down slightly (fair value). Oil prices were up over the last week with WTI futures at $77.07 per barrel and Brent at $81.07 per barrel.

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Top clicks this week on Abnormal Returns

Abnormal Returns

Top clicks this week How to get rich in the markets, ranked from hard to easy. (ritholtz.com) Four insights from the new edition of William Bernstein's "The Four Pillars of Investing." (morningstar.com) Why stock market valuations are logically higher today than they were in the past. (ofdollarsanddata.com) Why compounding is still unheralded. (blog.validea.com) Cash often looks best, when it is the worst investment.

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FOMC Preview: Likely 25bp Rate Hike

Calculated Risk

Most analysts expect the FOMC to raise rates 25 bps at this meeting, increasing the target range for the federal funds rate to 5‑1/4 to 5-1/2 percent. On the meeting this week from BofA: "After remaining on hold in June, we look for the Fed to raise the target range for the Federal funds rate by 25bp in July to 5.25-5.50%. The more important question is what the Fed says about the path of policy into September and beyond.

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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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How to Invest Like the 1%

A Wealth of Common Sense

A lot of investors assume once you amass a large fortune that you’re welcomed into some secret club that unlocks the holy grail of investment opportunities. Sure, there are plenty of really rich people who invest in excluding, expensive, complex strategies but the majority of the wealthy class has most of their money in normal asset classes like stocks and bonds.

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Why philanthropists are prequalified prospects

Million Dollar Round Table (MDRT)

By Bryce Sanders As a financial advisor or agent, you may do research to discover who in your area has assets and money in motion to fill your prospecting pipeline. You might seek referrals or find out who just moved into the neighborhood. It’s a lot of work. There’s a quicker way, however, to find the type of clients you may want. Philanthropists have money to give away.

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Talk Your Book: Future Proof Festival

The Irrelevant Investor

On today’s show, we are joined by Matt Middleton, CEO and Co-Founder of Advisor Circle to discuss all things Future Proof 2023! Future Proof Information: Register here Speakers Agenda Accommodations On today’s show, we discuss: How Advisor Circle was started The conference experience during Covid What makes Future Proof special Differences between 2022 and 2023 What an advisor gets out of going to.

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Fundamental Analysis of Glenmark Life Sciences – Future Plans & More

Trade Brains

Fundamental Analysis of Glenmark Life Sciences: For some time now, Glenmark Life Sciences, a listed subsidiary of Glenmark Pharmaceuticals has been in the news. Allegedly, Gujarat-based Nirma Group, KKR, Blackstone, and other giants want to buy this recently listed pharma stock. But why so? What’s so interesting about it? Should retail investors consider it?

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B Is for Behavioral Coaching: How Much Value Does Your Guidance Add?

Advisor Perspectives

An advisor’s greatest contribution to an investor’s bottom line is their guidance through volatile markets.

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[cdata[ The Future of Banking: Are Brick and Mortar Banks Becoming Obsolete? ]]

oXYGen Financial

![CDATA[ In recent years, the shift towards online banking has been increasingly evident, with more and more customers opting for digital banking services over traditional brick and mortar banks1. Online banks are becoming increasingly popular due to their convenience, low fees, and high-interest rates. The COVID-19 pandemic has only accelerated this trend, as people have become more comfortable.

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Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management

Speaker: Claire Grosjean, Global Finance & Operations Executive

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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Hotter Summers Ahead

Advisor Perspectives

El Niño will test the resilience of both infrastructure and food supply chains.

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10 Sunday Reads

The Big Picture

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The Trillion-Dollar Grift : Inside the Greatest Scam of All Time. ( Yahoo News ) • Quackonomics Medical Properties Trust spent billions buying community hospitals in bewildering deals that made private equity rich and working-class towns reel. ( American Prospect ) • The Romance Scammer on My Sofa : A writer’s quest to find the con artist in Nigeria who duped his mother. ( Atavist ) • Europeans Are Becomi

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