Mon.Aug 01, 2022

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Housing Inventory August 1st Update: Up 32.3% Year-over-year

Calculated Risk

Inventory is still increasing rapidly, but the inventory build has slowed somewhat over the last few weeks. Still, inventory is increasing much faster than normal for this time of year (both in percentage terms and in total inventory added). Here are the same week inventory changes for the last four years: 2022: 13.4K 2021: 4.4K 2020: -13.4K 2019: 2.9K Inventory bottomed seasonally at the beginning of March 2022 and is now up 124% since then.

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How Amazon Become Ordinary

The Big Picture

“I constantly remind our employees to be afraid, to wake up every morning terrified. Not of our competition — but of our customers.” -Jeff Bezos, 1998 Amazon shareholder letter. We all know how much FAANMG stocks have faltered this year, but there is a bigger story brewing: The companies themselves seem to have…lost their way. What once made them great has slipped into their historical legacy, with less innovation and far less delight to its end users.

Insiders

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Construction Spending Decreased 1.1% in June

Calculated Risk

From the Census Bureau reported that overall construction spending increased: Construction spending during June 2022 was estimated at a seasonally adjusted annual rate of $1,762.3 billion, 1.1 percent below the revised May estimate of $1,781.9 billion. The June figure is 8.3 percent above the June 2021 estimate of $1,628.0 billion. emphasis added Both private and public spending decreased: Spending on private construction was at a seasonally adjusted annual rate of $1,416.4 billion, 1.3 percent

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Getting Family Offices Ready for the Great Wealth Transfer

Wealth Management

Firms that don’t embrace technological solutions to track, analyze and assess risk across asset classes and geographies will be hard pressed to stay relevant.

Assets 306
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2025 Industry Index: How Top Advisors Are Scaling Smarter (and Faster) This Year

Where are top advisors focusing in 2025? AcquireUp’s 2025 Industry Index reveals it all. Based on insights from 200+ financial professionals nationwide, discover why 74% say seminars and referrals deliver the best ROI, how automation is helping advisors scale faster, and why only 8% are tapping into niche marketing (a major growth opportunity!). Whether you're refining your client acquisition strategy or scaling your practice, this report gives you the real-world data, benchmarks, and action ste

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Five High Frequency Indicators for the Economy

Calculated Risk

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 360
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Study: Bad Advisor Behavior Persists Under State Insurance Regimes

Wealth Management

Advisors with histories of serious misconduct who exit the brokerage industry often continue to provide advice under state insurance regulations and are likely to reoffend in the future, according to a recent Stanford Law study.

Insurance 299

More Trending

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Can the US Housing Crisis Be Fixed By Abolishing Zoning?

Wealth Management

US zoning is unique in at least two ways. The first is single-family zoning. The second way that US zoning is unique is the complete orientation around the car.

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The Latest In Financial #AdvisorTech (August 2022)

Nerd's Eye View

Welcome to the August 2022 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that Envestnet has acquired Redi2, one of the most widely used ‘revenue management’ systems in broker-dealers that facilitates the flow of dollars coming in and being paid out to advisors in al

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Alera Group Wealth Services Acquires Johnson Brunetti

Wealth Management

Genstar-backed insurance and wealth management firm Alera Group on track to goal of $10 billion AUM by 2023, according to the firm.

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Do Stocks Efficiently Predict Recessions?

Alpha Architect

I find that returns are predictably negative for several months after the onset of recessions, becoming high only thereafter. I identify business cycle turning points by estimating a state-space model using macroeconomic data. Conditioning on the business cycle further reveals that returns exhibit momentum in recessions, whereas in expansions they display the mild reversals expected from discount rate changes.

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Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management

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.

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Clearstead Advisors Acquires Local RIA Scott Snow

Wealth Management

Private equity-backed Clearstead completes its sixth acquisition in seven years, bringing its total assets under advisement close to $32 billion.

Assets 278
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Monday links: inherent uncertainty

Abnormal Returns

Markets How major asset classes performed in July 2022. (capitalspectator.com) 30-year mortgage rates are well off their highs of a month ago. (calculatedriskblog.com) High yield bond spreads are still above average. (mailchi.mp) Crypto A look at the sorry record of celebrity cryptocurrency endorsements. (bloomberg.com) Joe Weisenthal and Tracy Alloway talk with Benn Eifert about the seeming lack of risk managment among crypto firms.

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11 Must Reads for the CRE Industry Today (Aug. 1, 2022)

Wealth Management

The proposed Inflation Reduction Act includes a change that would affect how real estate promotes are taxed, according to The National Law Review. The latest CoStar data shows that rapid apartment rent growth has begun to taper off. These are among today’s must reads from around the commercial real estate industry.

Taxes 264
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Adviser links: valuing your time

Abnormal Returns

Podcasts Brendan Frazier talks with Tim Maurer about the 'why' of financial planning. (wiredplanning.com) Daniel Crosby talks with Samantha Lamas about why simple solutions to behavioral issues are difficult to find. (standarddeviationspod.com) Sequence of returns Some strategies to mitigate sequence of returns risk, including 'retire slowly.' (advisorperspectives.com) How 'buffer assets' can help reduce sequence of returns risk when it is at its peak.

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What Your Financial Statements Are Telling You—And How to Listen!

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.

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How Retail Real Estate Companies Can Prioritize Sustainability and Social Responsibility for Their Communities

Wealth Management

For the commercial real estate sector to embrace these responsibilities, we must do more than swap lightbulbs with LEDs. Genuine sustainability and corporate responsibility involve many intertwined influences.

Retail 264
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How to Raise Your Credit Score 100 Points or More in Less Than 5 Months

Good Financial Cents

If your credit score is low, don’t despair – there are plenty of things you can do to raise it. While you might not be able to raise your score 100 points overnight, with a little dedication and effort you can certainly see a significant improvement in a relatively short period of time. Here are some tips to get you started: How To Improve Your Credit Score.

Banking 119
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Active Versus Passive: Market Pros Weigh In on the Best Strategy for Retail Investors

Wealth Management

Big money is at stake in the debate over the best way to navigate turmoil in the economy and markets.

Retail 262
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ISM® Manufacturing index Decreased to 52.8% in July

Calculated Risk

(Posted with permission). The ISM manufacturing index indicated expansion. The PMI® was at 52.8% in July, down from 53.0% in June. The employment index was at 49.9%, up from 47.3% last month, and the new orders index was at 48.0%, down from 49.2%. From ISM: Manufacturing PMI® at 52.8% July 2022 Manufacturing ISM® Report On Business® Economic activity in the manufacturing sector grew in July, with the overall economy achieving a 26th consecutive month of growth, say the nation's supply executives

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How to Avoid Pitfalls In Automation: Keep Humans In the Loop

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.

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Peirce Warns of Chilling Effect From SEC Settlement on Complex Products

Wealth Management

The SEC's settlement with Aegis Capital Corporation included a $2.3 million civil penalty; Commissioner Hester Pierce said the deal may lead to firms not giving clients the investment option at all even when it would be useful for them.

Clients 261
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Things Are Clear as Mud

The Irrelevant Investor

This is the weirdest market and economic environment of my career. Michelangelo wouldn’t be able to paint a clear picture of it all. You should always be wary of people with strong opinions about the future, but maybe never more so than right now. Here’s my best attempt to explain where we came from and where we are today. This year has been all about inflation and interest rates.

Economics 106
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Investment in Life Sciences Assets Slows Down, amid Rising Interest Rates, Recession Worries

Wealth Management

Sales of individual assets were up in the first half of the year, according to MSCI Real Assets. But portfolio transactions are becoming less common.

Assets 260
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Weekly Market Insight – August 1, 2022

Cornerstone Financial Advisory

Presented by Cornerstone Financial Advisory, LLC. Undaunted by another Fed rate hike and news of a contracting economy, the stock market rallied last week on better-than-expected corporate earnings. The Dow Jones Industrial Average increased 2.97%, while the Standard & Poor’s 500 picked up 4.26%. The Nasdaq Composite index gained 4.70% for the week.

Marketing 104
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Book of Secrets on the Month-End Close

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.

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Eight Must Reads for the CRE Industry Today (Aug. 2, 2022)

Wealth Management

In some cities, most of the workforce has already returned to the office, reports The New York Times. Commercial Observer looks at how real estate attorneys are helping investors close deal in a more challenging environment. These are among today’s must reads from around the commercial real estate industry.

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DIY Asset Allocation Weights: August 2022

Alpha Architect

No exposure to domestic equities. No exposure to international equities. No exposure to REITs. Full exposure to commodities. No exposure to intermediate-term bonds. DIY Asset Allocation Weights: August 2022 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

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Crypto Newbies Have Family and Friends to Thank for Losses

Wealth Management

Many investors nursing big losses from the plunge in digital assets were introduced to crypto by loved ones, making for awkward conversations now.

Assets 239
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Tata Group Vs Adani Group – History, Future Plans & Stock List

Trade Brains

Tata Group Vs Adani Group: Earlier this year in July, Gautam Adani beat Bill Gates to become the fourth richest person in the world. The rise of Gautam Adani is a surprise to many. His wealth increased from $6 billion in 2017 to $115 billion in 2022, a 19x increase. He now stands against RIL’s Mukesh Ambani, a second-generation billionaire. Media quips about their rivalry all the time.

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Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success

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?

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Logistics Firm Terra Worldwide Explores $1 Billion Sale

Wealth Management

The Atlanta-based company is working with a financial adviser on the potential sale. Other logistics firms and investment funds have expressed preliminary interest in acquiring the business.

Sales 195
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FSI Promotes Sam Knighton to Client Service Associate

Financial Symmetry

Financial Symmetry is thrilled to promote Sam Knighton to Client Service Associate. Sam joined our team in 2019 as our Administrative Assistant and after maternity leave transitioned into a virtual admin role in 2021. Sam brings a focused, compassionate approach … Continued. The post FSI Promotes Sam Knighton to Client Service Associate appeared first on Financial Symmetry, Inc.

Clients 98
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Why Stocks Took a July Vacay From Fundamentals

Wealth Management

A discouraging economy took a backseat to technicals and relative valuations. Inflation will have a lot to say about how long that lasts.

Valuation 147
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4 Essential Tips to Safeguard Your Firm Against Inflation

XY Planning Network

5.5 MIN READ. News, fuel, groceries — unless you’ve avoided these recently, you've probably heard that inflation is up. I have seen a lot of threads on what Advisors should tell clients and how they should shift their financial strategy. Yet, there continues to be a vast lack of information about the challenges of being a firm owner as revenues trend down and prices up.

Clients 98
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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.