Abnormal Returns

OCTOBER 26, 2023

Markets Why aren't stocks down more? (theirrelevantinvestor.com) The stock-bond correlation does one thing: it changes. (fa-mag.com) Stocks outperform bonds over the long run, but not every year or even decade. (bestinterest.blog) 60/40 portfolios Where the valuation of the 60/40 portfolio stands. (morningstar.com) Why the 60/40 portfolio endures. (demystifyingmarkets.com) Strategy On the importance of being able to sit on your hands.

Financial Advising 235

Financial Advising Valuation Portfolio Economy 235

The Big Picture

OCTOBER 26, 2023

Earlier this year, I gave my first presentation since the pandemic began. I discussed all of the many ways we hurt ourselves financially, specifically, the focus was on the 3 biggest mistakes high net-worth people make. I got lots of good feedback about the presentation, but my favorite note from someone in the room was: “ Thanks for identifying these issues, but how do I navigate them ?

Taxes 141

Taxes Investing Investments 141

Calculated Risk

OCTOBER 26, 2023

From CoreLogic: US Serious Mortgage Delinquency Rate Drops to All-Time Low in August • The share of U.S. borrowers who were in serious mortgage delinquency (90 days or more late on payments) dropped to 0.9% in August, the lowest recorded since January 1999. • The overall national mortgage delinquency rate (30 days or more late) was at 2.6% in August, also a historic low. • The U.S. foreclosure rate held steady at 0.3% in August, unchanged since early 2022. • Only Idaho and Utah saw slight annual

Marketing 126

Marketing Marketing 126

A Wealth of Common Sense

OCTOBER 26, 2023

Further Reading: Do Valuations Even Matter For the Stock Market? 1I would argue real estate would be a close second on this list from an inflation hedge perspective but the long run returns are much harder to calculate when you include things like ancillary costs, mortgage rates, refinancing, leverage, etc. 2And this is real since stocks are a real asset.

Marketing 120

Marketing Marketing Valuation Assets 120

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

Advisor Perspectives

OCTOBER 26, 2023

The National Association of Realtors® (NAR) released the latest monthly data for its pending home sales index. The index inched up 1.1% in September to 72.6, a surprising increase compared to the expected 1.8% decline. Despite the growth, pending home sales remain low as the latest index reading is the third lowest in the historical series. Pending home sales are down 11.0% compared to one year ago.

Sales 116

Sales 116

Calculated Risk

OCTOBER 26, 2023

The DOL reported : In the week ending October 21, the advance figure for seasonally adjusted initial claims was 210,000 , an increase of 10,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 198,000 to 200,000. The 4-week moving average was 207,500, an increase of 1,250 from the previous week's revised average.

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Wealth Management

OCTOBER 26, 2023

Big changes at the top were announced for both Rudin and Silverstein Properties with next generation family members taking the helms at both firms. The Wall Street Journal looked at the growth of the data center segment as an investment strategy. These are among the must reads from the real estate investment world to wrap up the week.

Investing 107

Investing Investments 107

The Irrelevant Investor

OCTOBER 26, 2023

Consumer prices are up 20% since the end of 2019. Interest rates have gone from 0% to 5% over the same time. Financial conditions have tightened, and yet the stock market hasn’t broken. If you had known the future paths of the two most important macro variables, inflation and interest rates, you would have thought the stock market would be significantly worse off than it is today.

Marketing 106

Marketing Marketing 106

Trade Brains

OCTOBER 26, 2023

Best Chemical Stocks with High FII Holdings : In the complex structure of global industries, when we see textiles of multiple colors, and skyscrapers built around the world we have to sit & ask ourselves, What are the basic components that make all of this possible? What are the raw materials that might seem simple but can construct an intricately beautiful world?

Manufacturing 105

Manufacturing Pharmaceutical Engineering Marketing 105

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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

Wealth Management

OCTOBER 26, 2023

The launch of JP Morgan Private Markets Fund earlier this month was the asset manager’s latest offering in the race to make alternatives more accessible.

Assets 113

Assets Management Marketing Marketing 113

Discipline Funds

OCTOBER 26, 2023

Q3 GDP came in at a boomy 4.9%. The chart at the right breaks down the contributions by component. The primary drivers were inventories and personal consumption at 1.3% and 2.69%. The inventory rebuild is a volatile component, but the consumption figure is impressive and reflects the most important component of GDP. The US consumer has been remarkably resilient in the face of many different headwinds.

Economy 99

Economy Economics Marketing Marketing 99

Wealth Management

OCTOBER 26, 2023

CEO Dan Arnold sees the firm’s recent deal with Prudential as a catalyst to having more discussions with insurance-owned firms with similar needs.

Recruitment 111

Recruitment Insurance 111

Talon Wealth

OCTOBER 26, 2023

Retirement planning can be intimidating, especially if you need help figuring out where to start. But with a few simple tips and arming yourself with a bit of knowledge, you can begin to prepare for your golden years and set yourself on the path to financial security. Determine When to Start Saving When it comes to saving for retirement, earlier is almost always better.

Retirement 98

Retirement Retirement Planning Budgeting Taxes 98

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

NAIFA Advisor Today

OCTOBER 26, 2023

Corey Anderson is an insurance agent specializing in counseling advisors on implementing insurance plans for disabled clients. As an industry leader, Corey is a frequently featured speaker at industry meetings on topics pertaining to disability insurance. He has served on the state and local NAIFA board for over 18 years, holding various roles, including president.

Distribution 98

Distribution Insurance Clients Planning 98

Talon Wealth

OCTOBER 26, 2023

Retirement planning is a critical part of financial security that many women still overlook. However, remember that as a woman, you have a longer life expectancy than a man, which means retirement planning is even more important. You need to plan for a longer retirement period and ensure you have enough of a nest egg to accommodate your needs. The good news is, by concentrating on a few key areas now, you can increase your chances of spending your golden years happy, comfortable, and secure. 1.

Retirement Planning 98

Retirement Planning Retirement Planning Medical 98

Wealth Management

OCTOBER 26, 2023

Mindy Diamond and Louis Diamond share ideas from 25 years of experience to help advisors navigate the daunting process of transition.

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111

Calculated Risk

OCTOBER 26, 2023

From the BEA: Gross Domestic Product, Third Quarter 2023 (Advance Estimate) Real gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023 , according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.1 percent. The increase in real GDP reflected increases in consumer spending, private inventory investment, exports, state and local government spending, federal government spending, and resi

Government 106

Government Financial Services Food Retail 106

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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

Wealth Management

OCTOBER 26, 2023

Compliance has not kept up with the current the dynamic regulatory environment and its multitude of requirements.

Compliance 111

Compliance Financial Services 111

Advisor Perspectives

OCTOBER 26, 2023

New orders for manufactured durable goods rose more than expected in September, coming in at $297.24B. This is a 4.7% increase from the previous month and is more than the expected 1.7% growth. The series is up 7.8% year-over-year (YoY). If we exclude transportation, "core" durable goods were up 0.5% from the previous month and up 1.7% from one year ago.

Transportation 72

Transportation Manufacturing 72

Wealth Management

OCTOBER 26, 2023

Pick beat out two other CEO contenders: Co-President Andy Saperstein and Dan Simkowitz, who has led investment management.

Management 88

Management Investing Investments 88

Advisor Perspectives

OCTOBER 26, 2023

Real gross domestic product increased at an annual rate of 4.9% in Q3 2023, according to the advance estimate. The latest estimate is higher than the forecasted 4.3% growth and is more than double the pace of the Q2 2023 GDP final estimate of 2.1%.

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69

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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

The Irrelevant Investor

OCTOBER 26, 2023

Today’s Compound and Friends is brought to you by Public: Visit public.com/compound for more information on how to earn 5+% interest with a treasury account on public. On today’s show, we discuss: New normal or no normal? How economists got it wrong for 3 years Listen here: Charts: Recommendations: Same As Ever Rick Brink: LinkedIn Contact us at askthecompoundshow@gmail.com with any fee.

Accounting 68

Accounting 68

Advisor Perspectives

OCTOBER 26, 2023

In the week ending October 21, initial jobless claims were at a seasonally adjusted level of 210,000, an increase of 10,000 from the previous week's revised figure. The latest reading is higher than the forecast of 208,000.

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Calculated Risk

OCTOBER 26, 2023

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, Personal Income and Outlays for September. The consensus is for a 0.4% increase in personal income, and for a 0.3% increase in personal spending. And for the Core PCE price index to increase 0.3%. PCE prices are expected to be up 3.4% YoY, and core PCE prices up 3.7% YoY. • At 10:00 AM, University of Michigan's Consumer sentiment index (Final for October).

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Advisor Perspectives

OCTOBER 26, 2023

The latest Kansas City Fed Manufacturing Survey composite index continued to decline in October and the future outlook remained flat. The composite index came in at -8, unchanged from September, while the future outlook remained at 1.

Manufacturing 64

Manufacturing 64

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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

Calculated Risk

OCTOBER 26, 2023

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from Jiayi Xu: Weekly Housing Trends View — Data Week Ending Oct 21, 2023 • Active inventory declined, with for-sale homes lagging behind year ago levels by 2.0%. For 18 straight weeks, the number of homes available for sale has registered below that of the previous year.

Sales 61

Sales Numbers Marketing Marketing 61

Advisor Perspectives

OCTOBER 26, 2023

The advance estimate for Q3 GDP came in at 4.87%, an acceleration from 2.06% for the Q2 third estimate. With a per-capita adjustment, the headline number is lower at 4.41%, an increase from 1.60% for the Q2 headline number.

Numbers 64

Numbers 64

Calculated Risk

OCTOBER 26, 2023

From the NAR: Pending Home Sales Grew 1.1% in September Pending home sales augmented 1.1% in September , according to the National Association of REALTORS®. The Northeast, Midwest and South posted monthly gains in transactions while the West experienced a loss. All four U.S. regions had year-over-year declines in transactions. "Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years," said Lawrence Yun, NAR chief economist.

Sales 58

Sales 58