The Big Picture
JULY 21, 2023
@TBPInvictus here; Let’s cut to the chase : A popular video on YouTube claims the poor are much less poor than the official statistics suggest because those statistics ignore government welfare programs like Food Stamps and Aid to Dependant Children and lots of other safety net programs. If this were true, it would mean we have been measuring income inequality incorrectly (perhaps wealth inequality as well).
The Reformed Broker
JULY 21, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Sam Ro, Jack Raines, and Downtown Josh Brown discuss AI and the market, the meme economy, Nvidia’s rollercoaster year, the earnings recession, financial charlatans, Berkshire’s massive bet on Apple, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!
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The Big Picture
JULY 21, 2023
My end-of-week morning train WFH reads: • Inflation undershoot? Narrative shifts again. But as impressive U.S. disinflation sweeps through 2023, without a cratering of employment or the wider economy so far, the narrative is shifting again – and encouraging hopes that bruising central bank tightening may be short-lived too. With a ‘soft landing’ now majority thinking again, phrases like ‘immaculate disinflation’ abound and raise questions about whether underlying pr
Nerd's Eye View
JULY 21, 2023
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that Charles Schwab's latest annual RIA Benchmarking Study shows that while average firm assets under management fell in 2022, due largely to weak market performance, organic growth remained strong, mitigating a portion of the market effects on client portfolios.
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.
Abnormal Returns
JULY 21, 2023
Business Zack Fuss talks with John Zolidis about the business of Lululemon ($LULU). (joincolossus.com) Russell Napier talks with Brendan Ballou author of "Plunder: Private Equity's Plan to Pillage America." (open.spotify.com) Andy Slavitt talks with Ben Mckenzie, co-author of “Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Abnormal Returns
JULY 21, 2023
Markets The 2023 stock market has been a mirror image of 2022. (theirrelevantinvestor.com) Individual stock correlations have been falling for awhile. (allstarcharts.com) Strategy Why market timing is so seductive. (awealthofcommonsense.com) Why stock pickers can't ignore return factors. (albertbridgecapital.com) Collectibles A review of "The Worth of Art: Financial Tools for the Art Market" by Arturo Cifuentes and Ventura Charlin.
Trade Brains
JULY 21, 2023
Yatharth Hospital IPO : Yatharth Hospital Limited Ltd is coming up with its Initial Public Offering. The IPO will open for subscription on July 26, 2023, and close on July 28, 2023. In this article, we will look at the Yatharth Hospital IPO Review 2023 and analyze its strengths and weaknesses. Keep reading to find out! Yatharth Hospital IPO Review – About The Company Yatharth Hospital and Trauma Care Services Limited, founded in 2008, is a multi-care hospital network.
Wealth Management
JULY 21, 2023
This exclusive report, based on a survey of advisors and commercial real estate professionals, highlights the changing landscape of HNWI allocations to real estate and provides a deep understanding of current investment strategies.
Advisor Perspectives
JULY 21, 2023
The S&P 500 posted weekly gains for the second consecutive week, finishing up 0.69% from last Friday. The index is currently up 18.62% year to date and is 5.43% 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
JULY 21, 2023
Used correctly, private market investments can be valuable tools for building efficient long-term portfolios and accessing differentiated opportunities.
A Wealth of Common Sense
JULY 21, 2023
Last year most economists assumed the Fed raising rates so aggressively meant a recession was inevitable: Now they’re backing off those predictions: So why hasn’t the economy crashed from going 0% to 5% in such short order? There are a lot of reasons. I like this one from Bob Elliott: If you think about what happened it makes sense higher yields and higher borrowing costs have offset one another.
Wealth Management
JULY 21, 2023
Success is measured by the ability to generate, evaluate, nurture and close leads. And for the most part, that means digital leads.
Advisor Perspectives
JULY 21, 2023
FINRA has released new data for margin debt, now available through June. The latest debt level is at 681.23 billion, up 5.8% month-over-month (MoM) and down 0.3% year-over-year (YoY). However after adjusting for inflation, debt level is up 5.4% MoM and down 3.2% YoY.
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
JULY 21, 2023
Henschen, who owned Henschen & Associates, was a pioneer and thought leader in the independent recruiting space.
Calculated Risk
JULY 21, 2023
From Black Knight: Black Knight’s First Look: Seriously Delinquent Mortgages Hit Lowest Level Since 2006; Prepayments Trended Seasonally Higher in June Despite Elevated Interest Rates • Inching up 2 basis points from May, the national delinquency rate continues to hover near recent record lows, with June’s marking the third lowest level on record • The number of serious delinquencies (loans 90+ days past due) dropped to 471K – the lowest since August 2006 – and a 177K (-27%) improvement from Jun
Wealth Management
JULY 21, 2023
Henschen, who owned Henschen & Associates, was a pioneer and thought leader in the independent recruiting space.
Alpha Architect
JULY 21, 2023
The empirical research demonstrates that, on average, investing in previous winners and short selling previous losers offers highly significant returns that other common risk factors cannot explain. However, momentum also displays huge tail risk, as there are short but persistent periods of highly negative returns. Crashes occur particularly in reversals from bear markets when the momentum portfolio displays a negative market beta and momentum volatility is high.
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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
JULY 21, 2023
The founder of Chaikin Analytics gives his biggest takeaways from navigating through 10 bear markets.
Ron A. Rhodes
JULY 21, 2023
A client recently inquired about stock market valuation levels, expected and historical returns.
Wealth Management
JULY 21, 2023
Don’t assume wealthy clients have done their planning.
Trade Brains
JULY 21, 2023
Best Ashish Kacholia Portfolio Stocks : The stock market, a place of uncertainty where fortunes can be won or lost in an instant. In this place of uncertainty, it is the extraordinary achievements of ace investors that inspire us to achieve success in the market. Market participants try to gain insights from the portfolio of these ace investors portfolios and try to mirror them in the hopes of gaining massive returns.
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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!
Calculated Risk
JULY 21, 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. After the first few weeks, the pandemic low for weekly deaths had been the week of July 7, 2021, at 1,690 deaths (until recently). For COVID hospitalizations, the previous low was 9,821 (until recently). The last few months have seen a positive trend.
Discipline Funds
JULY 21, 2023
Insurance is a sensible part of any financial plan. Good insurance should be designed as a temporal tool. For instance, you buy life insurance during a specific time period in your life when your dependents would be financially devastated by your death. This is why term life insurance is almost always the right option for life insurance – it is designed to cover a specific long duration period in your life when your dependents are most likely to be negatively impacted by your death. 20 yea
Tobias Financial
JULY 21, 2023
Petra Jurova was born and raised in Bratislava, the beautiful capital city of Slovakia. She is fluent in Slovak, Czech, as well as English and was one of the only non-native English speakers in her master’s program at Nova Southeastern University in composition, rhetoric, and digital media. From the age of seven, Petra’s life was consumed with one thing, becoming a championship tennis player.
Calculated Risk
JULY 21, 2023
The preliminary estimate for Q2 GDP is scheduled to be released this coming Thursday, July 27th. The consensus estimate is for real GDP to increase 1.8% SAAR from Q1. From BofA: Data since our last weekly publication moved up our 2Q GDP tracking estimate from 1.5% q/q saar to 1.6%. [July 21st estimate] emphasis added From Goldman: We left our Q2 GDP tracking estimate unchanged at +2.5% (qoq ar).
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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
JULY 21, 2023
Amazon is the world’s largest online retailer and a prominent player in the field of cloud services, digital streaming, and artificial intelligence. This Knowledge Leader has redefined the landscape of e-commerce and technology.
Calculated Risk
JULY 21, 2023
Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in June A brief excerpt: Each month I track closed sales, new listings and active inventory in a sample of local markets around the country (over 40 local housing markets) in the US to get an early sense of changes in the housing market. In addition, we can look for regional differences.
Advisor Perspectives
JULY 21, 2023
Transitioning to a green net-zero economy requires climate solutions that enable the economy to decarbonise, such as renewable energy, electric vehicles, and recycling technologies.
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