The Big Picture

JULY 25, 2022

For the first half of this year, I have steadfastly refused to join Club Recessionista. I have not believed we were already in a recession, and I was hopeful that a moderate Fed gradually raising rates to throttle inflation could execute that soft landing. No longer. As I mentioned to Tom Keene last week, Nick Timiraos in the Wall Street Journal revealed the Fed’s intention to raise rates 75 basis points brought a reckoning to my hopes of a non-recessionary growth slow down.

Economy 342

Economy Economics Engineering Food 342

Nerd's Eye View

JULY 25, 2022

2022 was a year that began with high hopes as households were slowly re-emerging from pandemic shutdowns, markets were reaching new highs, and most advisory firms had growing momentum. Within just a few months, though, Omicron had led to another wave of at least partial shutdowns, inflation began to rear its ugly head in a way not seen in decades, and the market fell to its worst first-half start since 1970.

Education 189

Education Financial Planning Estate Planning CFP 189

The Big Picture

JULY 25, 2022

My back-to-work a recession is coming morning train WFH reads: • Inverted Yield Curve: A Recession Alarm Is Ringing on Wall Street : An inversion of the bond market’s yield curve has preceded every U.S. recession for the past half century. It is happening again. ( New York Times ). • There Was Never Anything Wrong With Value : How the influence of popular value benchmarks challenges investor faith in the style and even the business of some value managers. ( Institutional Investor ) see also The

Medicine 140

Medicine Engineering Valuation Management 140

Abnormal Returns

JULY 25, 2022

Companies What is Meta ($META) going to do with WhatsApp? (wapo.st) What killed Blockbuster? (thetycoonist.com) Fund management Why fears about the power of indexing continue apace. (pragcap.com) The index inclusion effect is fading. (morningstar.com) Economy It's hard to imagine a severe recession at this point. (ritholtz.com) A recession is not guaranteed in 2022.

Financial Advising 130

Financial Advising Media Economy Management 130

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Accounting

David Nelson

JULY 25, 2022

By David Nelson, CFA CMT Congress is close to passing a $52 Billion subsidy for the Chip industry to on shore semiconductor manufacturing here in the United States. Normally, as an analyst and on the line portfolio manager I would be diving into the merits of the bill pointing out its strengths, weaknesses and whether it could achieve its intended goal.

Compliance 98

Compliance Portfolio Management Management Manufacturing 98

Calculated Risk

JULY 25, 2022

Inventory is increasing rapidly. Inventory bottomed seasonally at the beginning of March 2022 and is now up 118% since then. More than double! Altos reports inventory is up 30.5% year-over-year and is now 20.2% above the peak last year. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of July 22nd, inventory was at 526 thousand (7-day average), compared to 509 thousand the prior week.

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Wealth Management

JULY 25, 2022

In separate lawsuits, J.P. Morgan Securities sought temporary restraining orders to stop several advisors who they claimed illegally solicited former clients after moving to new roles.

Clients 98

Clients 98

Calculated Risk

JULY 25, 2022

These indicators are mostly for travel and entertainment. It is interesting to watch these sectors recover as the pandemic subsides. Notes: I've added back gasoline supplied to see if there is an impact from higher gasoline prices. Apple has discontinued "Apple mobility", and restaurant traffic is mostly back to normal. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers.

Economy 98

Economy Transportation Numbers Sales 98

Validea

JULY 25, 2022

In this episode we speak with Gautam Baid, author of The Joys Of Compounding: The Passionate Pursuit Of Lifelong Learning. We talk about the power of compounding and the criteria he uses to identify long-term compounders. We also cover a wide range of other topics, including why value investing works over the long-term, what to make of the recent struggles of value and the long-term potential of the Indian market.

Investing 97

Investing Investments Marketing Marketing 97

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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.

Banking

Wealth Management

JULY 25, 2022

Rents are rising for mobile home residents as big-time investors buy up mobile home communities, reports The Associates Press. Blackstone predicts continued rent increases in multifamily and industrial sectors. These are among today’s must reads from around the commercial real estate industry.

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Financial Symmetry

JULY 25, 2022

This brief video includes recent updates on the global stock and bond markets. In addition, please contact your Financial Symmetry team if you have any specific questions regarding your portfolio, our strategy or performance. Click on the video below to … Continued. The post 2022 2nd Quarter Market Update appeared first on Financial Symmetry, Inc.

Marketing 97

Marketing Marketing Portfolio Investing 97

Wealth Management

JULY 25, 2022

Luxury rental buildings have added new amenities catering to work from home needs, according to The New York Times. Homebuilding titan D.R. Horton has shifted its focus to the build-to-rent market, reports Bisnow. These are among today’s must reads from around the commercial real estate industry.

Marketing 98

Marketing Marketing 98

Financial Symmetry

JULY 25, 2022

Which retirement stage are you in? Spoiler alert: the stages begin before you are retired. You’ll also be surprised by some of the stats we uncover as we dissect findings in the latest Age Wave study on retirement. We’ve had … Continued. The post Surprising Stats about the 4 Stages of Retirement, Ep #169 appeared first on Financial Symmetry, Inc.

Retirement 97

Retirement Retirement Planning Planning 97

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.

Financial Advice

Wealth Management

JULY 25, 2022

This structure allows holders of real estate to exchange real property for economic interest in the REIT in the form of operating partnership units.

Economics 98

Economics 98

Alpha Architect

JULY 25, 2022

To manage climate risks, investors need reliable climate exposure metrics. This need is particularly acute for climate risks along the supply chain, where such risks are recognized as important, but difficult to measure. We propose an intuitive metric that quantifies the exposure a company has to customers, or suppliers, who may in turn be exposed to climate risks.

Economics 80

Economics Management 80

Wealth Management

JULY 25, 2022

Although judges are free to consider history when deciding whether a condemnation is pretextual, recent cases make clear that tales of longstanding oppression will play at best a minor role in the judicial calculus.

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Random Roger's Retirement Planning

JULY 25, 2022

Minimalist Joshua Becker had a blog post listing other areas besides stuff where minimalism works. He touched on a couple of finance related topics. I will pivot off that to talk about having a collection of investments and why that can be a bad idea. Embedded in all of Becker's writing is that he often equates minimalism with simplicity. I think that's a good parallel.

Portfolio 77

Portfolio Investing Investments Management 77

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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.

Banking

Wealth Management

JULY 25, 2022

Data is critical to the proper administration of retirement plans. But who owns it?

Retirement 125

Retirement Retirement Planning Planning 125

XY Planning Network

JULY 25, 2022

4 MIN READ. As the business of financial advice continues to evolve, so too do the service models and compensation structures that advisors offer. With regulatory changes driving advisors to rein in their fees along with clients yearning for more holistic fiduciary advice, it’s becoming increasingly imperative that entrepreneurial-minded advisors are focused on building firms that ensure their interests align with their clients’.

Fee Only 71

Fee Only Financial Advice Clients Financial Planning 71

Wealth Management

JULY 25, 2022

Despite the TikTok trend, you don’t have only two choices about money in your 20s — either be super-frugal or YOLO. In reality, you can do both.

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95

Tobias Financial

JULY 25, 2022

It is with tremendous sadness that we inform you of the sudden passing of our Operations Manager, Ramesh Narine. Ramesh was a beloved member of our Tobias Financial Advisors family. His infectious personality, energetic spirit, kind heart, dedicated work ethic, and contagious laughter will be missed by all those that had the pleasure of knowing him.

Ethics 52

Ethics Financial Advisor Clients Planning 52

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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!

Accounting

Wealth Management

JULY 25, 2022

Effective rents in Beantown fell during the pandemic, but have fully recovered and then some in the past two years.

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Don Connelly & Associates

JULY 25, 2022

You've probably heard me in the past talk about a book called ‘Whoever Tells the Best Story Wins’ by Annette Simmons. It was really designed for bosses to sell themselves to employees but anyone who is selling themselves should read this book. The author makes the point that we really need six stories. The most important one being the ‘Who I am’ story. because people don't care what we know, they care about who we are.

Communication 52

Communication Clients 52

Wealth Management

JULY 25, 2022

Carson taps former LPL market strategist to advance its investment platform and research capabilities.

Investing 104

Investing Investments Marketing Marketing 104

Investment Writing

JULY 25, 2022

Can you spot what’s wrong in the image below? Please post your answer as a comment. Ugh, this one makes the sender look uneducated, but it’s probably the result of typing too rapidly and not proofreading. I post these challenges to raise awareness of the importance of proofreading. The post MISTAKE MONDAY for July 25: Can YOU spot what’s wrong?

Investing 52

Investing Investments 52

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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.

Communication

Wealth Management

JULY 25, 2022

Three questions to ask clients considering “upstream” or “horizontal” wealth transfers.

Clients 107

Clients 107

Calculated Risk

JULY 25, 2022

Tuesday: • At 9:00 AM ET, S&P/Case-Shiller House Price Index for May. The consensus is for a 21.0% year-over-year increase in the Comp 20 index for May. • Also at 9:00 AM, FHFA House Price Index for May. This was originally a GSE only repeat sales, however there is also an expanded index. • At 10:00 AM, New Home Sales for June from the Census Bureau.

Sales 52

Sales Manufacturing 52

Wealth Management

JULY 25, 2022

Which U.S. cities are viewed as attractive destinations for people looking to move?

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