Calculated Risk
AUGUST 2, 2022
From the NY Fed: Total Household Debt Surpasses $16 trillion in Q2 2022; Mortgage, Auto Loan, and Credit Card Balances Increase The Federal Reserve Bank of New York's Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The Report shows an increase in total household debt in the second quarter of 2022, increasing by $312 billion (2%) to $16.15 trillion.
Wealth Management
AUGUST 2, 2022
The FTSE Nareit All Equity REITs index rose 8.6 percent for the month, erasing nearly half of 2022’s year-to-date losses.
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Calculated Risk
AUGUST 2, 2022
Notes: This CoreLogic House Price Index report is for June. The recent Case-Shiller index release was for May. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: Annual US Home Price Gains Slow for the Second Consecutive Month, CoreLogic Reports CoreLogic®. today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for June 2022.
Wealth Management
AUGUST 2, 2022
All are joining from Citi, while two worked for J.P. Morgan previously. J.P. Morgan Private Bank CEO David Frame called the greater Chicago area 'a critical part' of the bank’s expansion.
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Calculated Risk
AUGUST 2, 2022
The Census Bureau released the Residential Vacancies and Homeownership report for Q2 2022. The results of this survey were significantly distorted by the pandemic in 2020. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates. However, there are serious questions about the accuracy of this survey.
Wealth Management
AUGUST 2, 2022
Empty certifications that require no experience and limited interaction only adds to plan sponsors’ mistrust of the industry.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
AUGUST 2, 2022
Only two potential heirs left are left in the probate dispute.
Nerd's Eye View
AUGUST 2, 2022
Welcome back to the 292nd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Matthew Topley. Matthew is the Founder and CIO of Lansing Street Advisors, an independent RIA based in Ambler, Pennsylvania that oversees $160 million in assets under management for 60 client households. What’s unique about Matthew, though, is how he differentiates his firm by offering his high-net-worth clients opportunities to diversify their investment portfolios by syndicating pr
Wealth Management
AUGUST 2, 2022
Heber Fuger Wendin Investment Advisors, with $8.6 billion in assets, brings to Mariner its client roster of community banks and credit unions.
Calculated Risk
AUGUST 2, 2022
Today, in the Calculated Risk Real Estate Newsletter: Will 5% Mortgage Rates Cushion the Housing Market? A brief excerpt: The following graph shows the year-over-year change in principal & interest (P&I) assuming a fixed loan amount since 1977. Currently P&I is up about 30% year-over-year for a fixed amount (this doesn’t take into account the change in house prices).
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Wealth Management
AUGUST 2, 2022
Marriott’s earnings report underscores the recovery in the hotel sector, reports The Wall Street Journal. Multifamily Dive looks at how many more apartment units the U.S. needs to build. These are among today’s must reads from around the commercial real estate industry.
Calculated Risk
AUGUST 2, 2022
Wards Auto released their estimate of light vehicle sales for July. Wards Auto estimates sales of 13.35 million SAAR in July 2022 (Seasonally Adjusted Annual Rate), up 2.7% from the June sales rate, and down 9.0% from July 2021. Click on graph for larger image. This graph shows light vehicle sales since 2006 from the BEA (blue) and Wards Auto's estimate for July (red).
Wealth Management
AUGUST 2, 2022
Beachwood, Ohio–based RIAs MGO Investment Advisors and One Seven have merged, with Merchant Investment Management taking a minority stake in the new entity.
The Big Picture
AUGUST 2, 2022
The transcript from this week’s, MiB: Hannah Elliott on Hypercars & EVs , is below. You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , Bloomberg , and Acast. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~. ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Pragmatic Capitalism
AUGUST 2, 2022
New episode of Three Minute Money here. Is the USA in a recession? While the media has traditionally referred to a recession as 2 quarters of negative GDP the White [ … ].
Calculated Risk
AUGUST 2, 2022
From the BLS: Job Openings and Labor Turnover Summary The number of job openings decreased to 10.7 million on the last business day of June, the U.S. Bureau of Labor Statistics reported today. Hires and total separations were little changed at 6.4 million and 5.9 million, respectively. Within separations, quits (4.2 million) and layoffs and discharges (1.3 million) were little changed. emphasis added The following graph shows job openings (yellow line), hires (dark blue), Layoff, Discharges and
Wealth Management
AUGUST 2, 2022
The Wealth at Work division is a key component of the bank's plans to become a wealth-management powerhouse.
Abnormal Returns
AUGUST 2, 2022
Markets Market conditions are always uncertain, but man are things cloudy right now. (theirrelevantinvestor.com) Corporate bond defaults are set to rise. (axios.com) Companies Great companies create their own reality. (ofdollarsanddata.com) Why Meta ($META) is likely to miss on the metaverse. (fortune.com) TikTok's outsized success is a warning. (calnewport.com) Amazon Why Amazon ($AMZN) has big health care ambitions.
Speaker: Erroll Amacker
Automation is transforming finance but without strong financial oversight it can introduce more risk than reward. From missed discrepancies to strained vendor relationships, accounts payable automation needs a human touch to deliver lasting value. This session is your playbook to get automation right. We’ll explore how to balance speed with control, boost decision-making through human-machine collaboration, and unlock ROI with fewer errors, stronger fraud prevention, and smoother operations.
Wealth Management
AUGUST 2, 2022
Investors are playing defense with dividend ETFs and bonds.
Abnormal Returns
AUGUST 2, 2022
Inflation Do stocks protect against rising inflation expectations? (papers.ssrn.com) Why TIPS don't move one-for-one with CPI. (morningstar.com) Does the historical relationship between real gold prices and TIPS yields hold water? (marketwatch.com) Defined contribution Do DC investors care about ESG? Not that much. (papers.ssrn.com) Target-date funds reduce the desire for advice.
Wealth Management
AUGUST 2, 2022
Irving’s city council is set to vote Thursday on a package with a value of more than $30 million for the new Wells Fargo campus. The facility would serve as a regional hub for the San Francisco-based bank.
Investment Writing
AUGUST 2, 2022
Did you know that “OK,” not “okay” is the correct spelling of that familiar expression? If you didn’t know how to spell OK, you have plenty of company, as I discovered when I ran a LinkedIn poll. Origins of OK. The term OK is an initialism. It comes from the misspelling “oll korrect” for “all correct.” Apparently such misspellings were popular in the 1830s, when this term originated, according to “ The Hilarious History of ‘OK’: The English language’s most successful export is a jok
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Wealth Management
AUGUST 2, 2022
The mall did not make an $8.8 million payment on municipal bonds that was due Monday.
Nationwide Financial
AUGUST 2, 2022
Key Takeaways: The 4% rule is a general retirement guideline suggesting that retirees can safely withdraw funds equal to 4 percent of their savings during the first year of retirement and then adjust for inflation each subsequent year for 30+ years. The 4% rule is more of a benchmark or gauge than a steadfast rule—especially in today’s environment. There is concern, however, that the 4% rule does not account for the goals of the retiree, asset location, or taxation.
Wealth Management
AUGUST 2, 2022
The New York State Department of Financial Services alleges Robinhood lacked sufficient staff and resources to ensure compliance with the Bank Secrecy Act and anti-money-laundering rules.
Carson Wealth
AUGUST 2, 2022
By Jamie Hopkins, Managing Director, Wealth Services . Sonu Varghese, Director, Investment Platforms; and Ryan Detrick, Chief Market Strategist, contributed to this report. . . Senate Democrats have reached a general agreement on a bill to address climate change, taxes, health care, inflation and the deficit, according to a White House statement. .
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Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
Million Dollar Round Table (MDRT)
AUGUST 2, 2022
By Howard E. Sharfman I learned from some of the late greats in our profession and MDRT, such as John Savage , Ben Feldman , and Sidney Friedman. In exchange for knowledge, they asked me to learn and then share. I would like to share 11 great questions you can use with your clients.
A Wealth of Common Sense
AUGUST 2, 2022
These are the monthly returns in the S&P 500 this year so far: January -5.2% February -3.0% March +3.7% April -8.7% May +0.2% June -8.3% July +9.2% There have been 3 months already this year when the market fell 5% or more. That didn’t happen once last year. It only happened twice in 20201. There were no down 5% or worse months in all of 2017, 2016, 2014 or 2013.
The Irrelevant Investor
AUGUST 2, 2022
Today’s Animal Spirits is brought to you by YCharts: See here for YCharts Highlights, Lowlights, and insights from 1H 2022 On today’s show we discuss: GDP is still relatively new One of the few benefits of inflation AAPL earnings Retail is betting on tech A housing recession is the first domino to fall Dan Green on housing AMZN earnings MSFT earnings V earnings SPOT earnings META earnings SHOP earnings Overdra.
Random Roger's Retirement Planning
AUGUST 2, 2022
With all the blog posts lately about experimental portfolios and exploring things like return stacking, capital efficiency and leveraging down (I think leveraging down is a phrase I can take credit for) I think I might change the name of this site to Random Roger's Portfolio Lab. This post will focus on what I think are sophisticated outcomes from a very simple portfolio using funds we talk about all the time.
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