Mish Talk

DECEMBER 14, 2022

Month-over-month CPI food prices from the BLS, chart by Mish. Month-Over-Month Details For November Meat, Fish, Poultry, Eggs: -0.2%, up 9 of 11 months in 2022 Cereals and Bakery:+1.1%, up 11 of 11 months in 2022 Dairy: +0.7 percent: up 11 of 11 months in 2022 Fruits and Vegetables: up 1.4%, up 9 of 11 months in 2022 Nonalcoholic Beverages: -0.3%, up 10 of 11 months in 2022 Other Food at Home: -0.1%, up 10 of 11 months in 2022 Three Major Food Categories.

Food 244

Food Economics 244

Nerd's Eye View

DECEMBER 14, 2022

Change is difficult, and when faced with the prospect of a change, many people opt to stick with the status quo. This is even true in the case of positive changes, such as a new job opportunity or relationship: Even though it might be very likely to make the person’s life better, it represents a departure from life as usual, and there is always the risk that the change won’t work out the way it was expected to.

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Clients Numbers Planning Communication 206

Mish Talk

DECEMBER 14, 2022

Dot Plot Interest Rate projections from FOMC, highlights and annotations by Mish. Please consider the FOMC Press Release from December 14. Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures.

Food 205

Food Economics Accounting Planning 205

Abnormal Returns

DECEMBER 14, 2022

Podcasts Christine Benz and Jeff Ptak talks with Jamie Hopkins of Carson Wealth about some common retirement planning questions. (morningstar.com) Peter Lazaroff talks with Ben Carlson about questions that spreadsheets can't necessarily answer. (peterlazaroff.com) Dan Kemp and Ollie Smith talk with Joe Wiggins author of the new book "The Intelligent Fund Investor.

Investing 216

Investing Investments Retirement Planning Banking 216

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.

Accounting

The Big Picture

DECEMBER 14, 2022

My mid-week morning train reads: • What surprisingly low November inflation means for 2023 : There was barely any inflation in November, indicating that the economic environment might be more mild than previously thought, potentially giving the Federal Reserve the opportunity to ease up on interest rate hikes and perhaps even avoid a recession — if it wants to. ( Grid ). • The Fed is Dead : Its interest rate hikes are hurting consumers and workers while bypassing the main source of inflation ( R

Recruitment 140

Recruitment Economics Portfolio Investing 140

Abnormal Returns

DECEMBER 14, 2022

Markets 2022 is shaping up as the worst year for bond returns in history. (awealthofcommonsense.com) Managed futures performance is cooling off. (wsj.com) Exchanges Market makers, like Citadel Securities, and the SEC are headed for a showdown. (wsj.com) Did yesterday's CPI report leak early? (news.yahoo.com) Finance Alternatives manager wants you to put more money in alternatives.

Financial Advising 130

Financial Advising Media Management Marketing 130

Calculated Risk

DECEMBER 14, 2022

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications increased 3.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 9, 2022. The Refinance Index increased 3 percent from the previous week and was 85 percent lower than the same week one year ago.

Financial Market 145

Financial Market Marketing Marketing 145

Validea

DECEMBER 14, 2022

By Jack Forehand, CFA, CFP® ( @practicalquant ) —. 2022 has certainly been a challenging year for markets. Although the S&P 500 is only down about 15% for the year, which is significantly less than we have seen in major bear markets, the path to get there has been a volatile one filled with both significant declines and major bear market rallies.

Accounting 127

Accounting Portfolio CFP Investing 127

Wealth Management

DECEMBER 14, 2022

MBA’s latest figures showed a 1.6 percent increase in commercial/multifamily mortgage debt outstanding in the third quarter. The AIA’s Architecture Billings Index showed a decline in November as demand for design services has slowed. 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.

Banking

Calculated Risk

DECEMBER 14, 2022

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Demand for design services continues to slow Demand for design services from architecture firms continued to decrease in November, according to a new report from The American Institute of Architects (AIA). The pace of decline during November accelerated from October, posting an Architecture Billings Index (ABI) score of 46.6 from 47.7 (any score below 50 indicates a decline in firm bi

Investing 98

Investing Investments 98

Wealth Management

DECEMBER 14, 2022

Massachusetts becomes the 30th state to enact a rule or law based upon the model passed by the National Association of Insurance Commissioners, intended to align state regs for annuity sales with the SEC’s Regulation Best Interest.

Insurance 104

Insurance Sales 104

Covisum

DECEMBER 14, 2022

Between record-high inflation, recession fears, and the ongoing threat of Social Security benefit cuts, many Americans are worried about their nest eggs in the current economic environment.

Retirement 98

Retirement Planning Economics 98

Wealth Management

DECEMBER 14, 2022

Active ETFs make up less than 5% of the overall U.S.-listed ETF assets but account for 12% of the industry’s net inflows, proving the shift toward more active strategies has room to continue to grow in 2023.

Management 103

Management Accounting Assets 103

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.

Financial Advice

Good Financial Cents

DECEMBER 14, 2022

Job security is always a concern when choosing a career, but some fields are more recession-proof than others. And while there’s no guarantee that any job will be immune to cutbacks or layoffs, some industries weather economic storms better than others. One industry that tends to be recession-resistant is finance. After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes.

Compliance 87

Compliance Budgeting Accounting Insurance 87

Wealth Management

DECEMBER 14, 2022

Investor-driven lenders are continuing to be aggressive in a period of rising interest rates, helping multifamily investors top off their capital stacks.

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NAIFA Advisor Today

DECEMBER 14, 2022

Chris Gandy is the Founder of Midwest Legacy Group LLC, a boutique concierge insurance group for executives, professional athletes, physicians, business owners, and entrepreneurs. It focuses on the client's interests in wealth accumulation, wealth preservation, retirement strategies, insurance, asset protection, and investments. Chris played professionally for the Chicago Bulls, the San Antonio Spurs, and in L'Hermaine, France, after playing for the Fighting Illini at the University of Illinois.

Wealth Accumulation 80

Wealth Accumulation Insurance Financial Advisor Communication 80

Wealth Management

DECEMBER 14, 2022

Well-known wealthtech editor Davis Janowski opens up for the first time publicly about his years-long battle with depression, and how his love for kayaking and being out on the open water has helped bring him out of it.

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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.

Banking

eMoney Advisor

DECEMBER 14, 2022

What were financial planners interested in reading this year? Many were looking for tips on finding prospective clients or were curious about what key performance indicators they should be tracking in their practice. More than a few of you have your eye on the Millennial market and crypto, and many of you have room for improvement in client review meetings.

Financial Planner 78

Financial Planner Financial Planning Retirement Clients 78

Wealth Management

DECEMBER 14, 2022

The portfolio manager for IVOL and BNDD discusses how those funds fit within modern investing portfolios.

Portfolio Management 128

Portfolio Management Portfolio Management Investing 128

Advisor Perspectives

DECEMBER 14, 2022

In his latest memo, Howard Marks writes that the investment world may be experiencing the third major sea change of the last 50 years. Events in recent years – especially the spike in inflation and the Federal Reserve’s response – appear to have caused a reversal of the market conditions that prevailed after the Global Financial Crisis and for much of the last four decades.

Investing 106

Investing Investments Marketing Marketing 106

Calculated Risk

DECEMBER 14, 2022

Fed Chair Powell press conference video here or on YouTube here , starting at 2:30 PM ET. FOMC Statement: Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures.

Economics 98

Economics Food Accounting Planning 98

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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!

Accounting

Advisor Perspectives

DECEMBER 14, 2022

Let's do some analysis of the Consumer Price Index, the best-known measure of inflation. The Bureau of Labor Statistics (BLS) divides all expenditures into eight categories and assigns a relative size to each. The pie chart illustrates the components of the Consumer Price Index for Urban Consumers, the CPI-U.

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Wealth Management

DECEMBER 14, 2022

Open, honest and candid discussions about the latest news in the RPA industry.

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Meb Faber Research

DECEMBER 14, 2022

Episode #459: Louis-Vincent Gave, Gavekal – Investment Themes for 2023 Guest: Louis-Vincent Gave is the Founding Partner and CEO of GaveKal, a leading independent provider of macro research, and GaveKal Capital, a global asset manager. Date Recorded: 12/7/2022 | Run-Time: 55:13 Summary: In today’s episode, Louis kicks it off with the biggest topic in […].

Investing 60

Investing Investments Assets Management 60

Wealth Management

DECEMBER 14, 2022

An annual report on the forces driving the wealth management industry.

Wealth Management 104

Wealth Management Management 104

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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.

Communication

Nationwide Financial

DECEMBER 14, 2022

The “Santa Claus rally” describes the stock market’s tendency to rise in the year’s final week and the first two trading days of the new year. Although the Santa Claus rally might sound like some mythical investment narrative predicated on investor nostalgia, there is data to support the claim. For example, Dow Jones Market Data shows that the Dow Jones Industrial Average, S&P 500®, and Russell 2000® indices have closed higher in December more often than in any other month.

Transportation 59

Transportation Economics Investing Investments 59

Wealth Management

DECEMBER 14, 2022

Bill Pulte, best known for using his Twitter account to give cash to followers, alleged in a civil complaint filed Wednesday in Palm Beach County, Florida, that newly named PulteGroup COO Brandon Jones has used a network of Twitter bots to harass and defame the family.

Accounting 62

Accounting 62

Aleph

DECEMBER 14, 2022

Picture Credit: Marco Verch Professional Photographer || Being a financial analyst is being a competent generalist in business Let me tell you why I am writing this, roughly three years later than I said I would. It started with a post I entitled Limits. The post itself is not why I am writing this, but in the the comments there was great criticism of the CFA Institute.

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Ethics Insurance Math Investing 52