The Big Picture

JANUARY 5, 2023

My early morning train WFH reads: • Get Ready for the Richcession : Well-off Americans could get hurt more than usual in the next downturn ( Wall Street Journal ). • Why Markets Were Down in 2022 : there was also an Occum’s razor answer for the losses in financial markets in 2022. Sometimes the reason asset prices fall is because they went up too much in the first place. ( Wealth of Common Sense ) see also Observations to Start 2023 : From 2010 through 2021, The S&P500 Index gained 330% — a

Food 257

Food Financial Market Assets Planning 257

Abnormal Returns

JANUARY 5, 2023

Books An excerpt from Sheila Liming’s forthcoming book, "Hanging Out: The Radical Power of Killing Time." (theatlantic.com) An excerpt from Dacher Keltner’s new book, "Awe: The New Science of Everyday Wonder and How It Can Transform Your Life." (theatlantic.com) Society Americans are spending more time and money on pets. (washingtonpost.com) There seems to be a marked shift in attitudes toward work for younger generations.

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The Big Picture

JANUARY 5, 2023

Source: Reddit. The post Stocks That Lost the Most Market Cap in 2022 appeared first on The Big Picture.

Marketing 303

Marketing Marketing Investing Investments 303

Calculated Risk

JANUARY 5, 2023

From the Department of Commerce reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $61.5 billion in November , down $16.3 billion from $77.8 billion in October, revised. November exports were $251.9 billion, $5.1 billion less than October exports. November imports were $313.4 billion, $21.5 billion less than October imports emphasis added Click on graph for larger image.

Economics 135

Economics 135

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Accounting

Pragmatic Capitalism

JANUARY 5, 2023

Here are some things I think I am thinking about: 1) 2023, the Year of Disinflation?

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Advisor Perspectives

JANUARY 5, 2023

Public and private real estate investments present a compelling opportunity in the current environment of high inflation and rising interest rates, according to Daniel Scher and Blair Schmicker from Franklin Equity Group.

Investing 111

Investing Investments 111

Wealth Management

JANUARY 5, 2023

Multi-Housing News analyzes how rent control fights are breaking out across the U.S. The pace of warehouse lease signing slowed considerably at the end of 2022, according to Cushman & Wakefield data. These are among today’s must reads from around the commercial real estate industry.

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110

Calculated Risk

JANUARY 5, 2023

Today, in the Calculated Risk Real Estate Newsletter: Rents Continue to Decline More than Seasonally Normal A brief excerpt: OER and rent of primary residence have mostly moved together. The Zillow index started in 2014, the ApartmentList index started in 2017, and CoreLogic in 2004. Here is a graph of the year-over-year (YoY) change for these measures since January 2015.

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Wealth Management

JANUARY 5, 2023

Many lenders have stopped financing office assets, and those that do are offering less favorable terms and scrutinize deals closely.

Assets 115

Assets 115

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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

Calculated Risk

JANUARY 5, 2023

The DOL reported : In the week ending December 31, the advance figure for seasonally adjusted initial claims was 204,000 , a decrease of 19,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 225,000 to 223,000. The 4-week moving average was 213,750, a decrease of 6,750 from the previous week's revised average.

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Wealth Management

JANUARY 5, 2023

A bad website can be just as harmful for your business as having no website at all.

Financial Advisor 128

Financial Advisor 128

A Wealth of Common Sense

JANUARY 5, 2023

A reader asks: Laid off twice, once in 2015, again in 2020 due to Covid. 5 jobs since then, currently VP of Sales at a logistics company. I’ve got about 5 months of household income saved, and for a few years it sat in my Vanguard Brokerage account, earning zero in their stable value fund. Stupid? Maybe, but it was safe. So, where do you recommend people put their funds specifically designated as “Emergency Fu.

Accounting 84

Accounting Sales 84

Advisor Perspectives

JANUARY 5, 2023

Economist Campbell Harvey has had a winning track record since he showed in his dissertation at the University of Chicago decades ago that the shape of the bond yield curve was linked to the path of US economic activity.

Economics 119

Economics 119

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

JANUARY 5, 2023

Some suppliers had begun to halt shipments to the retailer in recent months, concerned about the company’s outlook.

Retail 108

Retail 108

Alpha Architect

JANUARY 5, 2023

In spite of the widespread popularity of trend-following investing, little is still known about optimal trend-following with transaction costs. Optimal Trend Following with Transaction Costs was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Investing 77

Investing Investments 77

Wealth Management

JANUARY 5, 2023

The Ascent Group adds $2.8 billion to Alera's retirement plan and RIA businesses, as well as a proprietary TAMP.

Retirement Planning 98

Retirement Planning Retirement Planning 98

Million Dollar Round Table (MDRT)

JANUARY 5, 2023

By Adam Thomas Rex, CFP, AIF Ownership is a theme that we implemented right before COVID. We have an office manager, and one of the things we have really pushed is the idea of, “Hey, you own the marketing process. You own the review process. You own all of these areas.” And our job is to help guide and direct but not overstep our bounds.

CFP 74

CFP Management Marketing Marketing 74

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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

JANUARY 5, 2023

The new year can be an opportunity to take stock and reflect.

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124

FMG

JANUARY 5, 2023

According to the YCharts Client Communication Survey , email is the preferred communication channel for the majority of clients, and frequency and style of communication are essential to client retention. So, how often should financial advisors email their clients? And what should they be sending? The Importance of Sending Frequent Emails. There’s no doubt that email plays an important role in a financial advisor’s marketing strategy.

Financial Advisor 72

Financial Advisor Communication Clients Education 72

Wealth Management

JANUARY 5, 2023

Gary Gensler wants to level the playing field for regular folks navigating a fragmented marketplace.

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Advisor Perspectives

JANUARY 5, 2023

The U.S. International Trade in Goods and Services, also known as the FT-900, is published monthly by the Bureau of Economic Analysis with data going back to 1992 and details U.S. exports and imports of goods and services. The headline number of -$61.5B was better than the -73.0B Investing.com forecast.

Economics 59

Economics Numbers 59

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Accounting

Wealth Management

JANUARY 5, 2023

Stocks are cheap and contribution limits have jumped, making 2023 a great time to invest that annual payout for the long term.

Investing 73

Investing Investments 73

Calculated Risk

JANUARY 5, 2023

On Friday at 8:30 AM ET, the BLS will release the employment report for December. The consensus is for 200,000 jobs added, and for the unemployment rate to be unchanged at 3.7%. There were 263,000 jobs added in November, and the unemployment rate was at 3.7%. Click on graph for larger image. • First, as of November there were 1.044 million more jobs than in February 2020 (the month before the pandemic).

Manufacturing 57

Manufacturing Numbers 57

Wealth Management

JANUARY 5, 2023

After 2022’s stomach-churning roller-coaster ride, we clearly need to be reminded of the most basic rule in finance — the one investors forget most often.

Investing 57

Investing Investments 57

Calculated Risk

JANUARY 5, 2023

A few brief excerpts from a note by Goldman Sachs economist Spencer Hill: We estimate nonfarm payrolls rose by 225k in December (mom sa). We estimate the unemployment rate was unchanged at 3.7%. We estimate a 0.35% increase in average hourly earnings (mom sa) that lowers the year-on-year rate to 4.

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57

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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

Trade Brains

JANUARY 5, 2023

Top Artificial Intelligence Stocks in India: The world is changing at an unprecedented speed. A decade one would think twice before watching an online high-resolution video, today we have self-driving electric cars entering the Indian markets and human intelligence-like machines and robots doing our work. This has also opened new opportunities for investors to jump in early into these prospects.

Engineering 52

Engineering Advertising Sales Investing 52

Calculated Risk

JANUARY 5, 2023

From ADP: ADP National Employment Report: Private Sector Employment Increased by 235,000 Jobs in December; Annual Pay was Up 7.3% Private sector employment increased by 235,000 jobs in December and annual pay was up 7.3 percent year-over-year, according to the December ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”).

Economy 57

Economy Marketing Marketing 57

Wealthfront

JANUARY 5, 2023

When you’re building your savings and managing your finances, it’s important to keep your money somewhere safe. Wealthfront is an exceptionally safe place to keep your savings — arguably much safer than other financial institutions. We know many of our clients are eager to understand the details, and we’re proud to share them. At Wealthfront, […].

Clients 52

Clients Management 52