Fri.Aug 19, 2022

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Realtor.com Reports Weekly Inventory Up 27% Year-over-year; New Listings Down 15%

Calculated Risk

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released yesterday from Chief Economist Danielle Hale: Weekly Housing Trends View — Data Week Ending Aug 13, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory continued to grow, but the pace slipped to 27% above one year ago.

Sales 363
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1961 Mercedes-Benz 190SL

The Big Picture

Yet another lovely open-air driver to enjoy during the summer months: The famed Mercedes-Benz 300SL Gullwing pioneered many new technical innovations, such as fuel injection and a tubular space frame. It may have been gorgeous, but it was an expensive coupe. Enter the 190SL. Built on a shortened sedan platform, it was powered by a carbureted 1.9-liter inline-four making 120 HP paired with a four-speed manual transmission.

Numbers 296
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LA Port Traffic: Mostly Steady in July

Calculated Risk

Notes: The expansion to the Panama Canal was completed in 2016 (As I noted a few years ago ), and some of the traffic that used the ports of Los Angeles and Long Beach is probably going through the canal. This might be impacting TEUs on the West Coast. Container traffic gives us an idea about the volume of goods being exported and imported - and usually some hints about the trade report since LA area ports handle about 40% of the nation's container port traffic.

Retail 359
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10 Friday AM Reads

The Big Picture

My end-of-week morning train WFH reads: • Holes in the Recession Story. With surging inflation and a new war in Europe, the first half of 2022 was understandably gloomy for economies and financial markets around the world. But recent developments offer some hope that the prevailing pessimism may no longer be as warranted as it was a few months ago. ( Project Syndicate ). • This Year, the Boss Is in the Office While Employees Hit the Beach : Managers hoping to coax workers back to the office are

Startup 296
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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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Q3 GDP Forecasts: Around 1%

Calculated Risk

From BofA: Data this week have been a positive for GDP tracking in 2Q and 3Q. We took our 2Q GDP tracking up to -0.3% q/q saar from -0.9% owing to a strong upward revision to May retail sales. Meanwhile, we initiated our 3Q GDP tracking at 0.5% q/q saar [August 19 estimate] emphasis added From Goldman: We left our Q3 GDP tracking estimate unchanged at +1.3% (qoq ar).

Retail 304
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How an Online Marketplace Tackles the Problem of Illiquidity in Private Real Estate Investments

Wealth Management

Realto Inc. has created a platform for secondary trading of illiquid real estate investments and alternative securities.

More Trending

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$460M Merrill Breakaways Join Sanctuary Partner 6 Degrees Wealth

Wealth Management

Sanctuary facilitated the tuck-in of The Alteri Group, a six-person Texas team fresh out of the wirehouse.

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Weekend Reading For Financial Planners (Aug 20-21)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the FPA is planning to leave the Financial Planning Coalition (which also includes the CFP Board and NAPFA) at the end of the year. This follows the FPA’s announcement that it plans to pursue title reform for the term “financial planner”, and signals that there may be coordination challenges or divergent strategies among the three organi

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Redwood's RIA Launches New Initiative with Minority Investment from Merchant

Wealth Management

Merchant Investment Management's stake will fund Mulholland Growth's acquisition plans of smaller RIAs, and help educate advisors on Redwood's "disruptive" asset management strategies.

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Podcast links: the history of interest rates

Abnormal Returns

Work Ezra Klein talks the new world of work with Anne Helen Petersen and Charlie Warzel authors of “Out of Office: The Big Problem and Bigger Promise of Working From Home.” (nytimes.com) Russ Roberts talks with Tyler Cowen, co-author of "Talent: How to Identify Energizers, Creatives, and Winners Around the World." (econtalk.org) Brett McKay talks with Melody Warnick author of "If You Could Live Anywhere: The Surprising Importance of Place in a Work-From-Anywhere World.

Food 245
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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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Equitable Buys Bank Subsidiary Penn Investment Advisors

Wealth Management

The $600 million acquisition advances Equitable’s wealth management growth strategy.

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Weekend Reading For Financial Planners (Aug 20-21)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the FPA is planning to leave the Financial Planning Coalition (which also includes the CFP Board and NAPFA) at the end of the year. This follows the FPA’s announcement that it plans to pursue title reform for the term “financial planner”, and signals that there may be coordination challenges or divergent strategies among the three organi

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DOJ: California Man Used 'Hundreds' of Advisors in $300M Ponzi Scheme

Wealth Management

Scott Kohn worked with a network of hundreds of financial advisors and insurance agents, several now barred by FINRA, as part of a scheme targeting seniors and veterans, the DOJ says.

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Friday links: anomaly status

Abnormal Returns

Markets Stop saying the market 'knows' something. (ritholtz.com) On the difference between investing, speculating and gambling. (novelinvestor.com) Companies Cisco ($CSCO) is upping pay to retain employees. (theinformation.com) Crispr-derived therapies are rushing to market. (ft.com) Venture capital Why it's not surprising that Adam Neumann got another shot from VCs.

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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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Redwood Launches New Initiative with Minority Investment from Merchant

Wealth Management

Merchant Investment Management's stake will fund Mulholland Growth's acquisition plans of smaller RIAs, and help educate advisors on Redwood's "disruptive" asset management strategies.

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Why Are You Even in the Market?

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Joe Terranova, and Downtown Josh Brown discuss why you should leave politics out of your portfolio, the latest meme stock rug pull, the right market P/E, Joe’s ETF, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Marketing 130
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Eight Year-End Charitable Giving Strategies

Wealth Management

Help clients give more while saving on 2022 taxes; deadlines always come faster than expected.

Taxes 246
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Is Relative Sentiment an Anomaly?

Alpha Architect

Relative sentiment is an indicator that measures the positions, flows, and attitudes of institutional investors compared to those of individual investors–where institutions typically consist of large asset managers, insurance companies, pension funds, and endowments. In some instances, however–depending on the dataset and the asset class under consideration–institutions might also include hedge funds, CTAs, and other large speculators. .

Assets 123
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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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Want a Better IRS? Simplify the Tax Code

Wealth Management

The biggest problem facing the IRS isn’t bad management or lack of resources, but the metastasizing complexity of the tax rules it must administer.

Taxes 239
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Narrative Always Follows Price in the Markets

A Wealth of Common Sense

Magician Gustav Kuhn once performed a simple magic trick to learn why people are so susceptible to sleight of hand. He took a small red ball and threw it in the air, catching it with one hand. He then did it again a second time very quickly. But on the third throw, the ball never came down. It disappeared. It was a mystery. Where did the ball go? It didn’t actually disappear into thin air.

Marketing 112
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Decades After Coining ‘ETF,’ Morgan Stanley Is Finally Launching Its Own

Wealth Management

Morgan Stanley joins likes of Capital Group and Neuberger Berman taking the plunge into ETFs in recent months.

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CIO Perspectives Podcast: Europe’s Energy Crunch, China Tensions and Dissecting the Market Melt-up

Brown Advisory

CIO Perspectives Podcast: Europe’s Energy Crunch, China Tensions and Dissecting the Market Melt-up. mhannan. Fri, 08/19/2022 - 10:50. From geopolitical tensions to questionable economic fundamentals, investors have plenty to be concerned about. But markets, which climb the proverbial “wall of worry” have posted a meaningful rebound off summer lows. In this episode of CIO Perspectives, Bertie Thomson, Erika Pagel and Sid Ahl dissected recent market moves and the most pressing risks for markets, a

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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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Which is Better in Retirement: Higher $ Total or Lower Monthly Expenses?

Mullooly Asset Management

In this week’s podcast, Brendan, Tim and Casey debate whether it is better to have more money saved in your retirement accounts or lower monthly expenses. They discuss the pros/cons of each and how these factor into making big decisions in retirement like paying off a mortgage. The guys also turn the conversation towards the […] In this week’s podcast, Brendan, Tim and Casey debate whether it is better to have more money saved in your retirement accounts or lower monthly expenses.

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9 Jobs You Work Alone And Make Good Money!

Clever Girl Finance

Are you a lone wolf? Do you prefer a quiet work environment? Do team meetings make your stomach drop and your fists clench? If the answer is yes, you’ve probably dreamed of working alone. Yes, for some of us, the idea of waking up every morning and doing our own thing is the literal dream. Finding a job that suits both your outlook and your lifestyle doesn’t have to be hard.

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8 Best Indian Stock Market Blogs to Follow

Trade Brains

Best Indian Stock Market Blogs to Follow to Learn Investing : If you are looking for a few best Indian stock market blogs to follow, then you have reached the right place. Although there are hundreds of stock investing blogs in India, however, in this post we have hand-picked 7 best Indian stock market blogs that every Indian equity investor should follow.

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Everyone Is Overlooking Positive Fundamentals

Validea

Investor sentiment has become increasingly pessimistic, to the extent that many are overlooking the positive things that are happening, says Ken Fisher in a video on Fisher Investments’ YouTube channel. Case in point: loan growth has been steady at a robust 8% per year, even with higher interest rates. But that positive fundamental is being ignored, Fisher says.

Economy 59
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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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CIO Perspectives Podcast: Europe’s Energy Crunch, China Tensions and Dissecting the Market Melt-up

Brown Advisory

CIO Perspectives Podcast: Europe’s Energy Crunch, China Tensions and Dissecting the Market Melt-up mhannan Fri, 08/19/2022 - 10:50 From geopolitical tensions to questionable economic fundamentals, investors have plenty to be concerned about. But markets, which climb the proverbial “wall of worry” have posted a meaningful rebound off summer lows. In this episode of CIO Perspectives, Bertie Thomson, Erika Pagel and Sid Ahl dissected recent market moves and the most pressing risks for markets, as w

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20% Nasdaq Gain Doesn’t Equal A Bull Market

Validea

The Nasdaq Composite index has rallied over 20% from its June low point, but that rebound doesn’t necessary signal the start of a bull market, reports an article in MarketWatch. In fact, there have been many times throughout history when the Nasdaq has bounced back more than 20% in the midst of a bear market, the most famous of which happened in April/May of 2001 when the index saw a 40% rally even as the Dotcom bubble burst was still causing major damage.

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How is Nifty 50 Calculated – NSE Benchmark Index!!

Trade Brains

Understanding How is Nifty 50 Calculated: At the start of this new Year 2021, the Nifty touched the new height of 14,000 points for the first time ever. A good sign for the Indian markets as they keep soaring higher. But have you ever wondered how the index value was arrived at? . Today, we discuss the calculation of one prominent index in Indian markets called the Nifty 50.

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SEI Introduces SEI Data Cloud

SEI

SEI Introduces SEI Data Cloud. lopsahl. Fri, 08/19/2022 - 16:07. 4 minutes. Data management. Banks. Corporate. Banks PB (US). Enterprise (Corporate). Press release. Newsroom. OAKS, Pa., Aug. 22, 2022 – SEI (NASDAQ:SEIC) today announced the launch of SEI Data Cloud through a strategic partnership with Snowflake , the Data Cloud company, to address the financial services industry’s demand for more advanced data integration.

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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.