Abnormal Returns
SEPTEMBER 8, 2023
Strategy Gold is ultimately a bet on global chaos. (morningstar.com) What investors get wrong about the 'Yale Model.' (capitalallocators.com) How much should a fund manager hold in their own strategy? (awealthofcommonsense.com) Retailing Why retail workers are quitting in record numbers. (bloomberg.com) Which helps explain the sorry state of stores.
Nerd's Eye View
SEPTEMBER 8, 2023
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the SEC this week issued a risk alert outlining how it selects firms to examine, the areas it focuses on during exams, and how it chooses which firm documents to request, details that could ultimately help firms be better prepared for their next exam and make it a shorter, less painful process!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Abnormal Returns
SEPTEMBER 8, 2023
Spotify Spotify ($SPOT) is demonetizing white noise podcasts. (theverge.com) Spotify's ($SPOT) push into podcasts has been drama-filled. (wsj.com) The biz Ten million downloads is a lot for a finance channel. How 'The Compound' got there. (thereformedbroker.com) Sam Dogen talks the business of podcasts with Srini Rao of the Unmistakable Creative Podcast.
The Reformed Broker
SEPTEMBER 8, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Nick Colas, and Downtown Josh Brown discuss Q2 earnings, Moore’s law, interest rates, the future of the automotive market, Steve Cohen, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere els.
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.
The Big Picture
SEPTEMBER 8, 2023
My end-of-week morning train WFH reads: • How Blackstone Sprinted Ahead of Its Peers in AI : Eight years ago, Stephen Schwarzman decided to go all in on artificial intelligence — and never looked back. ( Institutional Investor ) • Autoworkers Have Good Reason to Demand a Big Raise : Their real wages have fallen 30% over the past two decades. But can the Detroit Three really afford to bring back the old days?
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Alpha Architect
SEPTEMBER 8, 2023
The correlation between stocks and bonds should be a critical component of any asset allocation decision, as it impacts not only the overall risk of a diversified multi-asset class portfolio but also the risk premia one should expect to receive for taking risk in different asset classes. The problem for investors is that the correlation between stocks and bonds fluctuates extensively across time and economic regimes.
Wealth Management
SEPTEMBER 8, 2023
RIAs using the platform will be able to create white-label fund strategies including on private credit, equity, real estate, venture capital and infrastructure investments for high-net-worth and ultra-high-net-worth clients.
Calculated Risk
SEPTEMBER 8, 2023
From CoreLogic: CoreLogic: Home Equity Increases From Winter to Spring, Reducing Underwater Properties in Q2 CoreLogic®. today released the Homeowner Equity Report (HER) for the second quarter of 2023. The report shows that U.S. homeowners with mortgages (which account for roughly 63% of all properties) saw home equity decrease by 1.7% year over year, representing a collective loss of $287.6 billion, and an average loss of $8,300 per borrower since the second quarter of 2022.
Wealth Management
SEPTEMBER 8, 2023
The ninth-annual event featured 105 awards presented to 84 companies and individuals from a pool of 225 finalists.
Advertisement
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
SEPTEMBER 8, 2023
The Federal Reserve released the Q2 2023 Flow of Funds report today: Financial Accounts of the United States. The net worth of households and nonprofits rose to $154.3 trillion during the second quarter of 2023. The value of directly and indirectly held corporate equities increased $2.6 trillion and the value of real estate increased $2.5 trillion. Household debt increased 2.7 percent at an annual rate in the second quarter of 2023.
Advisor Perspectives
SEPTEMBER 8, 2023
The S&P 500 finished Friday in the green, snapping its 3-day losing streak. However, despite Friday's gains, the index fell 1.29% from last week. The index is currently up 16.56% year to date and is 7.07% below its record close from January 3, 2022.
Calculated Risk
SEPTEMBER 8, 2023
From BofA: Overall, the data flow since our last report pushed our 3Q US GDP tracking up four-tenths to 3.1% q/q saar and 2Q up two-tenths to 2.5%. Next week, August CPI, retail sales, PPI, import and export prices, industrial production and monthly budget statement will affect our GDP tracking [Sept 8th estimate] emphasis added From Goldman: July goods exports were stronger than our previous assumption, and we boosted our Q3 GDP tracking estimate by 0.2pp to +3.1% (qoq ar).
The Irrelevant Investor
SEPTEMBER 8, 2023
On today’s show, we spoke with CarDealershipGuy to discuss the auto market in 2023. See CarDealershipGuys Twitter here On today’s show, we discuss: Ben’s leasing story Today’s average auto loan rate What the money factor is How delinquent car loans can affect the economy The cost of leasing a new car in 2023 The cheapest cars available today Why prices have gotten so high Tesla vs. everyone CarDeal.
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.
Advisor Perspectives
SEPTEMBER 8, 2023
Travel on all roads and streets increased in July. The 12-month moving average was up 0.3% month-over-month and was up 1.3% year-over-year. If we factor in population growth, the 12-month MA of the civilian population-adjusted data (age 16-and-over) was up 0.2% MoM and up 0.1% YoY.
Wealth Management
SEPTEMBER 8, 2023
A new staff report from the New York Fed makes an old argument for centrally managed capital, but its predictions will rarely hold up in the real world.
Integrity Financial Planning
SEPTEMBER 8, 2023
As we age, maintaining cognitive health becomes increasingly important. Playing board games like Scrabble, chess, Monopoly, dominos, and poker can have significant benefits for seniors, helping them stay mentally active and engaged while also providing opportunities for social interaction. [1] Game #1 – Scrabble Scrabble is an excellent game for enhancing linguistic skills and cognitive flexibility.
Wealth Management
SEPTEMBER 8, 2023
The Jack Ma-backed fintech company will use its financial large language model to power two applications known as Zhixiaobao, which answers questions for customers, and Zhixiaozhu, an assistant for financial professionals.
Advertisement
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.
Advisor Perspectives
SEPTEMBER 8, 2023
Powell’s recent Jackson Hole Summit speech was mainly as expected. Well, except for the part where Powell obfuscated the truth behind the surge in inflation.
Wealth Management
SEPTEMBER 8, 2023
The tax deadlines for reallocating capital gains are approaching.
Good Financial Cents
SEPTEMBER 8, 2023
Having more than one type of debt is common, and that’s especially true once you graduate from college and start your first “real job.” You may have credit card debt, an auto loan, and a mortgage payment to make once you buy your first home. It’s also common to have other random debts to cover, including student loans. If you’re like many who took out loans during college, you will likely be paying them off after you graduate.
Advisor Perspectives
SEPTEMBER 8, 2023
Pop Quiz! Without recourse to your text, your notes, or a Google search, what line item is the largest asset in Uncle Sam's financial accounts? A) U.S.
Advertisement
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!
Wealth Management
SEPTEMBER 8, 2023
Zephyr announces the second quarter 2023 PSN Top Gun award winners.
Calculated Risk
SEPTEMBER 8, 2023
From Manheim Consulting today: Wholesale Used-Vehicle Prices See Minimal Increase in August Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 0.2% in August from July. The Manheim Used Vehicle Value Index (MUVVI) rose to 212.2, down 7.7% from a year ago. “August brought a stop to wholesale price declines, though it was only a small reversal of the larger magnitude declines so far this spring and early summer,” said Chris Frey, senior manager of Economic a
Trade Brains
SEPTEMBER 8, 2023
Most Expensive Stocks in the World: In the rapidly moving financial industry of today, a few stocks shine brighter than others, not just for their performance but also for their exorbitant prices. Although most costly shares in the world cost tens or hundreds of dollars, there are some businesses that have stocks priced in thousands. In this article, we will discuss the 10 most expensive stocks in the world.
Advisor Perspectives
SEPTEMBER 8, 2023
As of Q2 2023, the latest Fed balance sheet indicates that household net worth has risen 160% since reaching its 2009 low. However, when adjusted for inflation, household net worth has increased by only 82% since the 2009 trough.
Advertisement
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.
Calculated Risk
SEPTEMBER 8, 2023
Today, in the Real Estate Newsletter: The "Home ATM" Stays Mostly Closed in Q2 Excerpt: During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.
Advisor Perspectives
SEPTEMBER 8, 2023
The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of August 25th, the index was at 1.264, up 4.122 from the previous week.
Calculated Risk
SEPTEMBER 8, 2023
From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. U.S. railroads originated 1.13 million total carloads in August 2023, down 2.0% from August 2022 and their third straight year-over-year decline. Total carloads averaged 226,675 per week in August 2023, very close to the weekly averages in March through June 2023.
Expert insights. Personalized for you.
248 
Let's personalize your content