The Big Picture
JANUARY 27, 2023
My end-of-week morning train WFH reads: • Elon Musk’s Epic Quest for LOLs Is Only Hurting Tesla : Amid falling demand and sudden price cuts, the CEO seems determined to take a blowtorch to his company’s brand. ( Businessweek ) see also Consumer Reports calls Ford’s automated driving tech much better than Tesla’s Tesla’s Autopilot was once groundbreaking technology.
The Reformed Broker
JANUARY 27, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Nathan Vardi, and Downtown Josh Brown discuss Nathan’s book (For Blood and Money), the biotech landscape, hedge fund returns, the GOAT of investing, venture capital, why the market is rallying, 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
JANUARY 27, 2023
Most podcasts have a Q&A between a guest and the host. Whenever I get together with Pete, it’s just two idiot friends BS-ing about whatever. I hope you enjoy this hour-long discussion about everything and nothing. (We start at the 15:15 mark). Pete always sneaks in some early chitchat that is candid and I don’t expect to make it to the show; after 4 years, I should know better.
Abnormal Returns
JANUARY 27, 2023
The biz The podcasting business has gone from gold rush to mature in a couple of years. (niemanlab.org) Spotify ($SPOT) has yet to make the most of its podcast acquisitions. (theverge.com) Twenty lessons Ryan Holiday learned making his podcast including ' (ryanholiday.net) AI Derek Thompson talks with Ben Thompson, of Stratechery, about the wide-ranging impact of AI.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Nerd's Eye View
JANUARY 27, 2023
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that CFP Board announced this week that it is splitting into two separate organizations with the same leadership but different nonprofit statuses. By switching to 501(c)(6) nonprofit status, the new CFP Board of Standards will have expanded abilities to advance the planning profession through lobbying and more targeted advertising messages to grow the ranks of
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
JANUARY 27, 2023
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released today from Chief Economist Danielle Hale: Weekly Housing Trends View — Data Week Ending Jan 21, 2023. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory growth continued to climb with for-sale homes up 69% above one year ago.
Advisor Perspectives
JANUARY 27, 2023
It is believed that during stagflation, investors tend to turn to gold as a safe haven asset as the economic and financial conditions are uncertain. Additionally, gold is seen as a hedge against inflation, as its value is not tied to any currency or government.
Calculated Risk
JANUARY 27, 2023
The BEA released the Personal Income and Outlays report for December: Personal income increased $49.5 billion (0.2 percent) in December , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $49.2 billion (0.3 percent) and personal consumption expenditures (PCE) decreased $41.6 billion (0.2 percent).
Wealth Management
JANUARY 27, 2023
PAG gets a new CEO; Pitcairn takes on a new role; Commonwealth adds $230 million team from Advisor Group; Carson Wealth moves into Missouri; Focus firm announces second deal this month; and Dynasty Financial partners with an insurance provider.
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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.
Calculated Risk
JANUARY 27, 2023
Today, in the Calculated Risk Real Estate Newsletter: Has Housing "Bottomed"? Brief excerpt: I’ve heard some positive comments from a number of real estate agents in the last week about the existing home market. Activity is still down sharply year-over-year (YoY), but the YoY decline is getting smaller. And some upbeat comments on new home sales. Way back in 2009, I pointed out that there are usually two bottoms for housing.
Wealth Management
JANUARY 27, 2023
Former broker Anthony Liddle misrepresented the risk of GWG 'L' Bonds, a popular product sold by his broker/dealer, the subject of the SEC’s first Reg BI action. Then, Liddle pocketed clients' money.
Calculated Risk
JANUARY 27, 2023
On COVID (focus on hospitalizations and deaths). Data is now weekly. Weekly deaths bottomed in July 2021 at 1,666. COVID Metrics Now Week Ago Goal New Cases per Week 2 295,140 332,606 ≤35,000 1 Hospitalized 2 29,411 34,723 ≤3,000 1 Deaths per Week 2 3,756 3,948 ≤350 1 1 my goals to stop weekly posts, 2 Weekly for Cases, Currently Hospitalized, and Deaths ?
Wealth Management
JANUARY 27, 2023
Jensen Huang’s chipmaker is Wall Street’s top pick for traders looking to profit from the AI chatbot, giving him the greatest wealth gain this year among US billionaires.
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.
Calculated Risk
JANUARY 27, 2023
From the NAR: Pending Home Sales Increased 2.5% in December, Ending Six-Month Slide Pending home sales increased in December for the first time since May 2022 — following six consecutive months of declines — according to the National Association of Realtors®. The Northeast and Midwest recorded month-over-month reductions, while the South and West posted monthly gains.
MarketWatch
JANUARY 27, 2023
A Food and Drug Administration advisory panel voted unanimously on Thursday for Americans to get a once-a-year booster against COVID with the strain to be decided mid-year for a fall campaign, the Associated Press reported. The panel agreed that people should get the same vaccine formula whether they're receiving their initial vaccinations or a booster.
Wealth Management
JANUARY 27, 2023
Vestmark’s launch of six Focused Index Portfolios this week represent the tech provider’s first foray into asset management. The firm’s fully personalized direct index platform is still in the works.
MarketWatch
JANUARY 27, 2023
U.S. stock indexes finished modestly higher on Friday with the tech-heavy Nasdaq Composite spearheading gains, as investors digested inflation data and corporates' fourth-quarter earnings reports ahead of next week's Federal Reserve monetary policy meeting. The S&P 500 advanced 10 points, or 0.3%, to end at 4,070, while clinching its highest closing level since Dec. 2, along with a third winning week in the last four.
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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.
Integrity Financial Planning
JANUARY 27, 2023
Retirement is a time for rest, relaxation, and a chance to sit back and appreciate all that we have gained. No longer do we have to rush around trying to meet deadlines or fulfill the demands of a boss. Instead, we can take the time to slow down and truly enjoy the moments we have planned. Gone are the days of frantically rushing from one task to the next, always chasing after success and the next big thing.
Wealth Management
JANUARY 27, 2023
Sponsored by Adrian Durham, FNZ Group CEO, shares his insights on the future of the wealth management industry, including the importance of transparency, personalization, and market leading technology - and how these factors play a crucial role in
Advisor Perspectives
JANUARY 27, 2023
Donors were again very generous in their support of their favorite charities in 2022 despite inflation and poor performance across the financial markets.
Good Financial Cents
JANUARY 27, 2023
Investing in the stock market, real estate, or crypto has never been easier. Gone are the days when you had to be an expert or work with a stock broker to buy company shares or invest your money. You can invest your money in several ways, with options for every level of risk tolerance and investment understanding. Many of the best online brokerages are designed for beginner investors and offer unique incentives for signing up.
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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
JANUARY 27, 2023
From CoStar: STR: MLK Day Leads to Slightly Lower US Weekly Hotel Performance With the Martin Luther King Jr. holiday, U.S. hotel performance came in slightly lower than the previous week, according to STR‘s latest data through Jan. 21. Jan. 15-21, 2023 (percentage change from comparable week in 2019*): • Occupancy: 54.2% (-6.2%) • Average daily rate (ADR): $140.16 (+11.3%) • evenue per available room (RevPAR): $75.97 (+4.4%) *Due to the pandemic impact, STR is measuring recovery against compara
Advisor Perspectives
JANUARY 27, 2023
Tesla Inc. has secured a new $5 billion revolving credit facility, another sign that the company is nearing investment-grade status.
Alpha Architect
JANUARY 27, 2023
This chart on creating shareholder value through ESG engagement is useful when evaluating if ESG practices boost valuations. Improving ESG Practices Boosts Valuations was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
A Wealth of Common Sense
JANUARY 27, 2023
Six questions I’m thinking about right now: Is inflation falling because things are normalizing or because we’re going into a recession? This is going to be one of the hardest economic questions to answer in the coming months as inflation falls. One thing is for sure — we are NOT in a recession right now. The 4th quarter of last year saw real GDP grow at an annualized pace of 2.9%.
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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.
The Irrelevant Investor
JANUARY 27, 2023
This episode is sponsored by Future Proof: See here to register before prices go up in February! On today’s show, we discuss: Citadel’s $16B win tops Paulson’s greatest trade ever Dalios leadership change Tiger cubs 10 charts that explain the 2022 pullback NVDA eye contact technology Barrons roundtable stock picks ChatGPT is everything you wanted Bitcoin to be Professors turn to ChatGPT to.
Advisor Perspectives
JANUARY 27, 2023
The accompanying chart is a way to visualize real GDP change since 2007 and uses stacked column chart to segment the four major components of GDP with a dashed line overlay to show the sum of the four, which is real GDP itself. Here is the latest overview from the Bureau of Labor Statistics.
Clever Girl Finance
JANUARY 27, 2023
While we might stop growing physically as adults, that doesn’t mean we can’t learn and grow in other ways. One way to continue growing and developing is to ask ourselves personal growth questions. Asking profound questions and checking in with yourself can help your mindset and help you connect with yourself and others. So how do you have a deep conversation with yourself?
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