Calculated Risk
NOVEMBER 28, 2022
Active inventory decreased slightly. Here are the same week inventory changes for the last four years ( usually inventory declines seasonally through the Winter ): 2022: -4.8K (smaller than usual decrease in inventory) 2021: -9.9K 2020: -15.1K 2019: -18.4K Altos reports inventory is down 0.8% week-over-week and down 2.3% from the peak on October 28th.
Wealth Management
NOVEMBER 28, 2022
After a turbulent decade, the U.S. mall industry seems to have come out of the pandemic in decently good health.
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The Big Picture
NOVEMBER 28, 2022
Source: Federal Reserve Bank of Philadelphia. The Coincident State Indexes for October 2022 snuck out last week right before Thanksgiving. You might have missed it during the holiday week, but it’s worth reviewing. The specifics are noteworthy: -Over the past month, the indexes increased in 20 states, decreased in 22 states, and remained stable in eight, making a one-month diffusion index of -4.
Wealth Management
NOVEMBER 28, 2022
Are there actions that UHNW business owners can take now while we wait for the resurgence of IPO activity?
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The Reformed Broker
NOVEMBER 28, 2022
Hey guys, hope everyone had a nice Thanksgiving. Five day weekends are rare, hope yours was relaxing and fun. I’ll be in Houston for three days next week – my first time ever in that city! We’re taping a live version of The Compound and Friends podcast at the Dynasty Investors Forum. I will also be interviewing my friend Patrick O’Shaughnessy on stage about the custom and direct indexing revolution.
Wealth Management
NOVEMBER 28, 2022
Individuals with a net worth over $5 million are now more at risk than they have been in decades.
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Wealth Management
NOVEMBER 28, 2022
The times they are a-changing.
Nerd's Eye View
NOVEMBER 28, 2022
Traditionally, investment planning has been at the forefront of how financial advisors add value for their clients. From advisors who earn commissions from the sales of financial products to fee-only investment advisors who charge based on client assets under management, the value advisors provide to their clients has often been centered on investment management.
Wealth Management
NOVEMBER 28, 2022
The Department of Justice has opened an investigation into whether RealPage’s software helped apartment owners coordinate rental rates, reports Multifamily Dive. CNBC looks into how Atlanta’s recent population and economic growth has negatively affected low-income renters and homebuilders. These are among today’s must reads from around the commercial real estate industry.
Abnormal Returns
NOVEMBER 28, 2022
Crypto Fidelity has opened up access to its retail crypto account. (theblock.co) BlockFi has filed for bankruptcy. (coindesk.com) Jane Street never invested in FTX. (on.ft.com) Finance The IPO window is still closed for now. (ft.com) The bear market is going to cause a wave of reverse splits. (bloomberg.com) Venture capital Ten red flags venture capitalists should heed including 'overlapping corporate interests.
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
NOVEMBER 28, 2022
In-store traffic ticked up 2.9 percent at brick-and-mortar retailers versus 2021, according to preliminary data compiled by Sensormatic Solutions. Salesforce Inc. said the average consumer discount on Black Friday was expected to be greater than 30 percent, up from 28 percent last year and close to the 33 percent rate in 2019.
Calculated Risk
NOVEMBER 28, 2022
These indicators are mostly for travel and entertainment. It was interesting to watch these sectors recover as the pandemic impact subsided. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. This data is as of November 27th. Click on graph for larger image. This data shows the 7-day average of daily total traveler throughput from the TSA for 2019 (Light Blue), 2020 (Black), 2021 (Blue) and 2022 (Red).
Wealth Management
NOVEMBER 28, 2022
The proposed rule would prompt remote examinations of the residential offices a permanent part of FINRA's process, but PIABA President Hugh Berkson warns it would allow reps to skirt oversight.
Mish Talk
NOVEMBER 28, 2022
Crypto Firms in Bankruptcy Proceedings End of an Era The Balance Sheet Assets $256 million. Liabilities $1 to $10 billion. Fun Fact The SEC has a $30 million unsecured claim on BlockFi. Inverse Cramer Strategy Yet Again The Wall Street Journal reports BlockFi Files for Bankruptcy as Latest Crypto Casualty BlockFi, based in Jersey City, N.J., is only beginning to answer how its hundreds of thousands of customers will fare in an insolvency.
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.
Wealth Management
NOVEMBER 28, 2022
The hearing will focus on Kroger’s planned takeover of Albertsons, a significant merger that skeptical lawmakers say could reduce competition among supermarkets. The hearing will also feature an anti-monopoly advocate from Consumer Reports, a University of Maryland professor and Michael Needler, the CEO of Fresh Encounter, Inc., a smaller grocery store chain.
Mish Talk
NOVEMBER 28, 2022
Ever heard of HEX? Hopefully not, because if you haven't, then you did not invest in it. HEX Self Destructing SEC Sending Subpoenas to Hexicans Collapse Inevitable " Hex is at 2.4 cents, down 11% day over day. Starting to look very toppy at these levels. Once it breaks 2 cents it's unlikely to see these levels ever again. Collapse is inevitable and guaranteed by the protocol design.
Wealth Management
NOVEMBER 28, 2022
Landmark program recoups $5.6 billion for victims. Informants say it could be even more.
Calculated Risk
NOVEMBER 28, 2022
From Matthew Graham at Mortgage News Daily: Reinforcing The Range as Trading Slowly Resumes Bonds were effectively closed for a 4-day weekend starting with Thanksgiving last Thursday. True, Friday was technically open for half a day, but volume and participation were so light as to make any of the movement questionable. This is typical of any Friday after Thanksgiving.
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
NOVEMBER 28, 2022
Macy’s has converted about 1 million sq. ft. of space at 35 stores into fulfillment operations, reports Retail Dive. Global direct investment in CRE fell on a quarterly basis for the first time since the onset of the pandemic, according to JLL. These are among today’s must reads from around the commercial real estate industry.
Calculated Risk
NOVEMBER 28, 2022
Today I’m announcing the CalculatedRisk Newsletter subscriber chat. This is a conversation space in the Substack app that is exclusively for CalculatedRisk Newsletter subscribers — kind of like a group chat or live hangout. I’ll post short prompts, thoughts, and updates that come my way, and you can jump into the discussion. To join the chat, you’ll need to download the Substack app (messages are sent via the app, not email).
Wealth Management
NOVEMBER 28, 2022
Robert Steinberg, founder and CEO of Blue Chip Partners, discusses the importance of a strong hiring process.
Abnormal Returns
NOVEMBER 28, 2022
Podcasts Christine Benz and Jeff Ptak talk the evolution of financial advice with Preston Cherry founder and President of Concurrent Financial Planning. (morningstar.com) Douglas Blake, Managing Director of Investment Services at Kingswood U.S., talks with Joshua Brown about the future of the advisor conference. (advisorpedia.com) Charity How Fidelity became the nation's largest charity.
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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
NOVEMBER 28, 2022
The fund, BITC, would offer managed exposure to Bitcoin futures contracts traded on the CME, and investments in short-term debt securities.
Advisor Perspectives
NOVEMBER 28, 2022
The Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for November. The latest general business activity index came in at -14.4, down 5 from last month. All figures are seasonally adjusted.
Wealth Management
NOVEMBER 28, 2022
Julie Moret, global head of sustainable investing and stewardship at Northern Trust Asset Management, explains the growing importance of ESG considerations for investors.
Advisor Perspectives
NOVEMBER 28, 2022
FINRA has released new data for margin debt, now available through October. The latest debt level is down 2.2% month-over-month.
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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?
Wealth Management
NOVEMBER 28, 2022
Another challenging year is ahead, according to results from the latest MLIV Pulse survey.
Investment Writing
NOVEMBER 28, 2022
Can you spot what’s wrong in the image below? Please post your answer as a comment. I wince every time I hear someone use this expression. I post these challenges to raise awareness of the importance of proofreading. The post MISTAKE MONDAY for November 28: Can YOU spot what’s wrong? appeared first on Susan Weiner Investment Writing.
Wealth Management
NOVEMBER 28, 2022
Michael Hunstad, Ph.D., chief investment officer of global equities at Northern Trust Asset Management, discusses how advisors can help clients manage volatility shocks.
Advisor Perspectives
NOVEMBER 28, 2022
MegaThreats, Nouriel Roubini’s latest full-length offering, puts his Olympic-class pessimism on full display.
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