The Big Picture
NOVEMBER 15, 2023
Markets screamed higher yesterday after a benign CPI report showed a 0.0% monthly price increase and inflation falling to 3.2% year over year. After a big gap opening, latecomers piled in; many had been sitting on the sidelines following a challenging 2022, while others got panicked out during the 10% October drawdown. It was a classic fear-driven error, a combination of bad market timing and poor impulse control.
Abnormal Returns
NOVEMBER 15, 2023
Podcasts Christine Benz and Jeff Ptak talk with Scott Burns about keeping things simple in retirement. (morningstar.com) Brad Barrett talks with JL Collins author of “Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence―And How to Join Them.” (choosefi.com) Withdrawal rates The higher the withdrawal rate, the great the sequence-of-returns risk.
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Nerd's Eye View
NOVEMBER 15, 2023
In the depths of the COVID-19 pandemic, many small businesses such as restaurants, entertainment venues, and retail stores experienced cratering revenues, either due to government lockdown orders that forced many non-essential businesses to temporarily shut their doors, or simply due to lack of demand since many of their customers decided to stay at home out of an abundance of caution.
Abnormal Returns
NOVEMBER 15, 2023
Strategy Why it's a great time to be an investor. (blog.validea.com) Some behavioral hacks to prevent you from blowing up your portfolio. (ritholtz.com) Companies How Canada's Constellation Software invested its way to tremendous success. (citywire.com) How Goldman Sachs ($GS) lost its swagger. (businessinsider.com) AI How AI has already changed coding.
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.
Calculated Risk
NOVEMBER 15, 2023
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Continuing Decline in Architecture Billings, AIA/Deltek Architecture Billings Index Reports The AIA/Deltek Architecture Billings Index (ABI) reports that business conditions at architecture firms continued to soften in October. For the third consecutive month, the ABI score was under 50, indicating that a significant share of firms is seeing a decline in billings.
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NAIFA Advisor Today
NOVEMBER 15, 2023
Mickey Straub is a successful entrepreneur, renowned speaker, accomplished author, devoted patriot, and mayor emeritus. He is passionate about inspiring people to set audacious goals with short deadlines so they can achieve more and regret less. With 23 years of experience inspiring organizational success, Mickey provides the necessary resources to implement a goal-oriented, activity-based, and metric-driven performance management system.
Wealth Management
NOVEMBER 15, 2023
For the second straight month, sponsors launched dozens of new ETFs. That included eight bond ETFs, one commodoties ETF, 45 equities-based ETFs, 12 target date/multi-asset ETFs and four others.
Meb Faber Research
NOVEMBER 15, 2023
Episode #508: Jim Bianco on “The Biggest Economic Event of Our Lifetime” & The End of the 40-Year Bond Bull Market Guest: Jim Bianco is the President and Macro Strategist at Bianco Research, which offers macro investment research on financial markets. Date Recorded: 11/8/2023 | Run-Time: 1:23:49 Summary: In today’s episode, Jim shares why 2020 […] The post Episode #508: Jim Bianco on “The Biggest Economic Event of Our Lifetime” & The End of the 40-Y
Wealth Management
NOVEMBER 15, 2023
Prospera Financial Services has formalized its suite of succession planning resources to help older advisors monetize their businesses and younger advisors acquire practices or become successors.
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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.
Advisor Perspectives
NOVEMBER 15, 2023
The labor market is undoubtedly deteriorating and sending signals that have been historically valuable warnings that a recession is coming.
Wealth Management
NOVEMBER 15, 2023
The firm has been running a Reg D offering involving senior secured bridge real estate loans for the past eight years. Earlier this year, it decided to switch to an interval fund structure.
A Wealth of Common Sense
NOVEMBER 15, 2023
Today’s Animal Spirits is brought to you by Amplify ETFs: See here to learn more about Amplify’s free cash flow focused ETFs Register here for Episode 1 of The Smoke Show, on November 15th at 2PM Eastern On today’s show, we discuss: Why ‘Bidenomics’ falls flat Are real wages rising? Confirmed: The iPhone 15 is the most affordable iPhone since 2007 What the US got right that Europe did.
Wealth Management
NOVEMBER 15, 2023
With its eighth deal of year, Savant will have added more than $8 billion in 2023 as the firm seeks to more than triple assets over the next four years.
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
NOVEMBER 15, 2023
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 10, 2023. The Market Composite Index, a measure of mortgage loan application volume, increased 2.8 percent on a seasonally adjusted basis from one week earlier.
Wealth Management
NOVEMBER 15, 2023
Despite industry protests asking for more time, the DOL will hold its public hearing on the rule next month and close the comment period Jan. 2.
Advisor Perspectives
NOVEMBER 15, 2023
Wholesale inflation rose less than expected in October as producer price growth slowed for the first time in four months. The producer price index for final demand was down 0.5% month-over-month (s.a.). On an annual basis, headline PPI decelerated from 2.2% in September to 1.3% in October.
Wealth Management
NOVEMBER 15, 2023
Managing defined contribution plans solidifies relationships with existing clients while potentially opening doors to new, long-term HNW partnerships.
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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.
Random Roger's Retirement Planning
NOVEMBER 15, 2023
Over the many years of blogging here and elsewhere I've chronicled my adventures in health insurance and the occasions when we've had HSA eligible insurance. Generically, HSAs are probably the most important account you can contribute to. Yes, getting an employer match to a 401k makes the most economic sense but the flexibility of an HSA is hard to beat.
Wealth Management
NOVEMBER 15, 2023
LPL Private Wealth Management aims to provide the resources and structure that a wirehouse advisor would typically have, at a higher payout.
Calculated Risk
NOVEMBER 15, 2023
On a monthly basis, retail sales were down 0.1% from September to October (seasonally adjusted), and sales were up 2.5 percent from October 2022. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for October 2023, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $705.0 billion, down 0.1 percent from the previous month, and up 2.5 percent above October 2022.
Wealth Management
NOVEMBER 15, 2023
tru Independence signs up to offer Opto's customized private investment funds to a growing stable of partner firms.
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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!
Advisor Perspectives
NOVEMBER 15, 2023
A client-centric approach, focused on empowering prospects and clients rather than directing them, is more persuasive and will lead to a more productive, meaningful relationship.
Wealth Management
NOVEMBER 15, 2023
Wealth Consulting Group founder and CEO Jimmy Lee discusses the ESG debate, use cases for AI in financial planning and more.
Advisor Perspectives
NOVEMBER 15, 2023
The Census Bureau's Advance Retail Sales Report for October revealed a 0.1% decrease in headline sales compared to September, marking the first month consumers have pulled back their spending since March. The latest figure was less than the anticipated 0.3% monthly decline. Core sales (ex Autos) beat expectations by increasing 0.1% in October compared to the expected 0.2% decline.
Wealth Management
NOVEMBER 15, 2023
Open, honest and candid discussions about the latest news in the RPA industry.
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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
NOVEMBER 15, 2023
Manufacturing activity grew modestly in New York State, according to the Empire State Manufacturing November survey. The diffusion index for General Business Conditions rose 13.7 points from last month to 9.1. This morning's reading was better than the forecast of -2.8 and pushes the index back into expansion territory.
Wealth Management
NOVEMBER 15, 2023
Matt Kaufman, SVP, Head of ETFs at Calamos assesses the market landscape as Calamos builds an ETF franchise.
Trade Brains
NOVEMBER 15, 2023
KHIR City : Bengaluru is known for its vibrant lifestyle and startups, but more than that, it is also known for its traffic and weather. Yet, those who have come here in search of jobs and started living here might complain about a few things, but one thing is for sure: leaving this beautiful city is not on their minds. After Gujarat had its own GIFT City, Karnataka is now planning to build its own city, KHIR City.
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