Abnormal Returns
MARCH 8, 2024
The biz Transcripts have come to Apple ($AAPL) Podcasts. (sixcolors.com) The Apple ($AAPL) vs. Spotify ($SPOT) fight heats up. (spyglass.org) Economy Derek Thompson talks with Judd Cramer about what economists got wrong about the current economy. (theringer.com) Russ Roberts talks with Jeremy Weber, author of "Statistics for Public Policy: A Practical Guide to Being Mostly Right (or at Least Respectably Wrong).
Nerd's Eye View
MARCH 8, 2024
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that RIA clients of an insurance broker providing Errors & Omissions (E&O) coverage saw a 213% increase in claims paid in 2023, attributed to significant jumps in suitability claims (likely stemming from the 2022 market downturn) and claims related to wire fraud.
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A Wealth of Common Sense
MARCH 8, 2024
America is in a weird place demographically-speaking. On the one hand, we have 70 million baby boomers reaching retirement age. They control most of the wealth. They control most of the housing market. And they still control the thermostat when you visit their houses. On the other hand, we have 73 million millennials who are in their prime household formation years.
Calculated Risk
MARCH 8, 2024
From the BLS : Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent , the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing. The change in total nonfarm payroll employment for December was revised down by 43,000, from +333,000 to +290,000, and the change for January was revised down by 124,000
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.
Advisor Perspectives
MARCH 8, 2024
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 February 23rd, the index was at 18.988, up 3.094 from the previous week, with 5 of the 6 components in expansion territory.
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Wealth Management
MARCH 8, 2024
Waverly grows assets by 200% in two years, $34B Moneta adds a sixth office and $250M in Boulder, Colo., and Kestra scores an Ameriprise team.
Calculated Risk
MARCH 8, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Due to changes at the CDC, weekly cases are no longer updated. For deaths, I'm currently using 4 weeks ago for "now", since the most recent three weeks will be revised significantly. Hospitalizations have declined significantly from the winter high of 30,020 earlier this year but are still well above the low of 5,380 last year.
Alpha Architect
MARCH 8, 2024
Short squeezes are often associated with a large positive jump in the price of a stock. Filippou, Garcia-Ares, and Zapatero demonstrated that skewness-seeking investors try to identify securities that could experience a short squeeze in the near future and are willing to pay a premium for them. That results in an overvaluation of the options and, on average, negative returns.
Wealth Management
MARCH 8, 2024
JPMorgan Managing Director Mara Shreck said she expected the ESG rule to be in “lockstep” with the climate rule for issuers, which was finalized this week.
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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
MARCH 8, 2024
The latest employment report showed 275,000 jobs were added in February, surpassing the expected addition of 198,000 new jobs. Meanwhile, the unemployment rate rose to 3.9%, the highest level since January 2022.
Wealth Management
MARCH 8, 2024
BlackRock previously completed a minority investment in SpiderRock in 2021. The move expands the asset manager's SMA capabilities.
Clever Girl Finance
MARCH 8, 2024
One of the common ways to manage multiple credit cards and pay off debt quickly is by doing a credit card balance transfer. Are you wondering, “How do balance transfers on credit cards work?” or “What is a balance transfer?” Find out more here! Table of contents How do balance transfers on credit cards work with credit card companies?
Wealth Management
MARCH 8, 2024
Introducing the Chicago RIA on International Women’s Day, Expressive led by 3 female partners and has licensed clinical psychologist on staff.
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
MARCH 8, 2024
There is a general belief that there are four big indicators that the NBER Business Cycle Dating Committee weighs heavily in their cycle identification process. This commentary focuses on one of those indicators, nonfarm employment. February saw a 275,000 increase in total non-farm payrolls and the unemployment rose to 3.9%.
Wealth Management
MARCH 8, 2024
The combined firm will operate as Binah Capital Group and trade on the Nasdaq under the symbol BCG. Larry Roth will serve as executive chairman.
Calculated Risk
MARCH 8, 2024
Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in February A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to February 2019 for each local market (some 2019 data is not available). This is the first look at several early reporting local markets in February.
Wealth Management
MARCH 8, 2024
Buckingham Wealth Partners' John Spyers discusses how productivity solutions are resulting in real results for firms.
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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.
Calculated Risk
MARCH 8, 2024
The headline jobs number in the February employment report was above expectations; however, December and January payrolls were revised down by 167,000 combined. The participation rate was unchanged, the employment population ratio decreased, and the unemployment rate was increased to 3.9%. Leisure and hospitality gained 58 thousand jobs in February.
Wealth Management
MARCH 8, 2024
Sanctuary’s latest partner firm, M&K Legacy Wealth, comes over via advisor referral and is based in its own backyard.
Trade Brains
MARCH 8, 2024
Fundamental Analysis Of Praveg The travel market in India is projected to reach US$125 billion by FY27, and the event and exhibition market is expected to reach USD 7,550.05 million by 2027. A small-cap company in this sector has become a standout player, grabbing the market’s attention. Let’s delve into the story of Praveg Limited, a company that gave more than 37,000% return in just 5 years.
Wealth Management
MARCH 8, 2024
Buckingham Wealth Partners' John Spyers discusses how productivity solutions are resulting in real results for 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
MARCH 8, 2024
The S&P 500 fell 0.7% on Friday following the release of February's jobs report. Friday's loss to the index finishing down 0.3% for the week. With that said, t he index is currently up 8.03% year to date and has set a new record closing high 16 times so far this year.
Your Richest Life
MARCH 8, 2024
International Women’s Day is Friday, March 8th, and it’s a day where we recognize the achievements of women, and the importance of gender equality. But it’s also a time to pay attention to the financial challenges women are still facing, and how to overcome them. Here are some of the top financial hurdles that women face, and what steps you can take to confidently achieve your money goals: Getting Involved with Finances: Financial Planning for Women Women are much more in control of their money
Trade Brains
MARCH 8, 2024
Angel One Vs Motilal Oswal The number of retail investors in India has boomed in recent years with the onset of the pandemic. It brought a new set of small and big traders and investors to learn and implement their skills in their free time. This benefited multiple companies that earn from activities in the financial markets. Angel Broking and Motilal Oswal are two of the leading brokers in India.
Calculated Risk
MARCH 8, 2024
From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. U.S. rail traffic recovered in February after severe weather constrained volumes in January. Total originated carloads on U.S. railroads averaged 221,387 per week in February, up from 205,034 in January. Total carloads were down 1.3% in February 2024 from February 2023.
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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
MARCH 8, 2024
The yield on the 10-year note ended March 8, 2024 at 4.09%, the 2-year note ended at 4.48%, and the 30-year at 4.26%.
Calculated Risk
MARCH 8, 2024
From BofA: Since our update last week, 1Q GDP tracking is down two-tenths to 2.3% q/q saar , and 4Q GDP tracking is up a tenth to 3.3% q/q saar from its second estimate print of 3.2% q/q saar. [Mar 8th estimate] emphasis added From Goldman: We left our Q1 GDP tracking estimate unchanged after rounding at +2.2% (qoq ar) and our Q1 domestic final sales forecast also unchanged at +2.5% (qoq ar).
MainStreet Financial Planning
MARCH 8, 2024
As a little girl growing up in Eastern Europe, I admired the International Women’s Day holiday so much! All these beautiful women were celebrated on this special day. Taking care of themselves was the #1 priority in life. I couldn’t wait to grow up and be like many of them. I still love this holiday today! And that is why it’s a perfect time to discuss empowering self-care practices for women.
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