Thu.Dec 22, 2022

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Vehicle Sales Forecast: "Sales to Weaken Again in December"

Calculated Risk

From WardsAuto: U.S. Light-Vehicle Sales to Weaken Again in December; Inventory Set to Rise (pay content). Brief excerpt: If Winter Storm Elliott is as bad as predicted, it will create another headwind to December deliveries on top of inventory-related issues, fear of recession and rising prices and interest rates. Conversely, because the bad weather is hitting broad swaths of the U.S. at a time when most vehicle assembly plants will be closed anyway for the holiday season, production losses sho

Sales 348
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Why Your Email Newsletters Need to Focus

Wealth Management

One email, one topic.

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Realtor.com Reports Weekly Active Inventory Up 58% YoY; New Listings Down 17% YoY

Calculated Risk

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released today from Economist Jiayi Xu: Weekly Housing Trends View — Data Week Ending Dec 17, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory growth held steady with for-sale homes up 58% above one year ago.

Sales 246
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Practice Management 2022 Review: The SEC’s New Marketing Rule

Wealth Management

While the marketing rule went into effect last year, advisors had until November 2022 to get into compliance.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Longform links: withstanding financial stress

Abnormal Returns

Books An excerpt from "Wealth, Cost and Price in American Higher Education: A Brief History" by Bruce A. Kimball and Sarah M. Iler. (insidehighered.com) A Q&A with Jess Grose author of "Screaming on the Inside: The Unsustainability of American Motherhood." (annehelen.substack.com) Russia How Putin misjudged the war in Ukraine. (nytimes.com) Russia's mobilization was characterized by poor training an inadequate gear.

Education 246
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NYC Starts Legal Weed Sales in Time for the New Year, and the Profits Go to Charity

Wealth Management

Housing Works, a New York City-based nonprofit that runs a chain of thrift shops, will launch sales at a 4,400-square-foot Manhattan dispensary at 1 Astor Place, Governor Kathy Hochul said on Wednesday. All proceeds will be directed to the nonprofit.

Nonprofit 304

More Trending

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Pullback on Construction Lending Likely to Cut Back Industrial Pipeline in 2023

Wealth Management

In spite of still stellar property fundamentals, both industrial developers and lenders prefer to play it safe on new construction.

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Freddie Mac: Mortgage Serious Delinquency Rate unchanged in November

Calculated Risk

Freddie Mac reported that the Single-Family serious delinquency rate in November was 0.66%, unchanged from 0.66% October. Freddie's rate is down year-over-year from 1.24% in November 2021. Freddie's serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble and peaked at 3.17% in August 2020 during the pandemic. These are mortgage loans that are "three monthly payments or more past due or in foreclosure".

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Inside ETFs 2022 Review: Single-Stock ETFs Launch While Bitcoin Funds Remain Grounded

Wealth Management

While the year was tough on the performance of most ETFs, it still saw a record number of launches, including single-stock funds. And despite many attempts, the SEC continues to reject spot Bitcoin ETFs.

Numbers 279
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Weekly Initial Unemployment Claims increase to 216,000

Calculated Risk

The DOL reported : In the week ending December 17, the advance figure for seasonally adjusted initial claims was 216,000 , an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 3,000 from 211,000 to 214,000. The 4-week moving average was 221,750, a decrease of 6,250 from the previous week's revised average.

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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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WealthStack 2022 Review: Industry Consolidation

Wealth Management

Many of the big wealthtech players satiated their desire to get bigger this year. Here are some of the most significant deals that occurred in the space.

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Q3 GDP Growth Revised Up to 3.2% Annual Rate

Calculated Risk

From the BEA: Gross Domestic Product (Third Estimate), GDP by Industry, and Corporate Profits (Revised), Third Quarter 2022 Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the third quarter of 2022 , according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.6 percent.

Economics 240
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Nine Must Reads for the CRE Industry Today (Dec. 23, 2022)

Wealth Management

When the eviction protection program runs out, tens of thousands tenants and landlords will still be facing the same challenges, reports The Real Deal. Most restaurant chains in the U.S. plan to expand in 2023, reports Chain Store Age. These are among today’s must reads from around the commercial real estate industry.

Planning 278
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What Company Will Be the Second to Lose $1 Trillion in Market Cap?

Mish Talk

Amazon AMZN Market Cap. Amazon is down from a peak of $1.88 trillion to $854.8 billion making it the first company to lose over $1 trillion in market cap. Who's next? Tesla TSLA Market Cap. Tesla has lost about $727 billion in market cap but it likely will not be next. Facebook META Market Cap. This is an impressive effort by Meta, down $759 billion in market cap from its peak.

Marketing 210
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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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HNW Planning 2022 Review: The Patagonia Purpose Trust

Wealth Management

The Patagonia Purpose Trust, and how high-net-worth individuals combine tax mitigation and charitable intent, was a thematic story in 2022 for advisors.

Planning 278
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Two Associates of FTX Founder SBF Plead Guilty to Criminal Charges

Mish Talk

Noose Tightens Around Sam Bankman-Fried The Rats Rat on SBF The Wall Street Journal reports Caroline Ellison, Associate of FTX Founder Sam Bankman-Fried, Pleads Guilty to Criminal Charges Caroline Ellison, the former chief executive of Alameda Research, a trading firm tied to FTX, and Gary Wang, FTX’s former chief technology officer, both pleaded guilty to criminal offenses similar to those Mr.

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Investment Strategies 2022 Review: The Fall of NFTs, Crypto

Wealth Management

After a bullish 2021 for NFTs and cryptocurrencies, the value of these digital assets fell significantly in 2022.

Investing 278
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What’s Going to Happen in the Stock Market Next Year?

A Wealth of Common Sense

A reader asks: I know no one can predict the future…yada, yada, yada, but just between us – what’s going to happen with the stock market next year? I’m not sure I can handle another year like 2022. Life would be a lot easier if I knew the answer to this question. I guess the good news is there really isn’t much connective tissue from one year to the next in terms of one year’s price action impacting the next y.

Marketing 145
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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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Mindy Diamond on Independence: 10 Emerging Trends for 2023

Wealth Management

Mindy Diamond and Louis Diamond share predictions for 2023 regarding recruiting, deals, M&A and more.

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Friday: Durable Goods, Personal Income & Outlays, New Home Sales

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Durable Goods Orders for November. The consensus is for a 0.1% increase. • Also, at 8:30 AM: Personal Income and Outlays for November. The consensus is for a 0.2% increase in personal income, and for a 0.2% increase in personal spending. And for a 0.3% increase in the PCE prices index, and the Core PCE price index to increase 0.2%.

Sales 130
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Data At Rest Could Be At Risk

Wealth Management

Improperly secured data or a lack of defense layers could leave your firm open to outside attacks.

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Thursday links: financial media missteps

Abnormal Returns

Strategy For every investment maxim, there is a caveat. (investmenttalk.substack.com) Four lessons to help avoid the next market bubble. (blogs.cfainstitute.org) You shouldn't have to work on your trading psychology every day. (traderfeed.blogspot.com) Companies Is ChatGPT an existential threat for Google ($GOOGL) search? (nytimes.com) How the success of United Wholesale Mortgage ($UWMC) made the $4 billion purchase of the Phoenix Suns possible.

Media 130
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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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401(k) Real Talk Episode 46: December 21, 2022

Wealth Management

Open, honest and candid discussions about the latest news in the RPA industry.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Quest Diagnostics, Treasurys & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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What Makes a Successful Wealth Management Website

Wealth Management

An Indyfin analysis of advisory firm websites found that the flow of quality content is important but understanding what drives organic search is too.

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Lawler: Update on Rent Trends

Calculated Risk

Today, in the CalculatedRisk Real Estate Newsletter: Lawler: Update on Rent Trends Excerpt: From housing economist Tom Lawler: Recently released data from various private entities that track US rent trends indicate that US rent growth has weakened considerably this Fall, and several measures suggest that rents have fallen by more than the seasonal norm over the last few months.

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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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Debt Investors Are Bracing for Trouble, and Pushing Risky Loan Prices to Extremes

Wealth Management

As U.S. economic growth shows signs of slowing, more loans are being downgraded — November saw the most cuts for issuers since May 2020, according to JPMorgan. CLO managers are avoiding CCC loans, or even loans close to getting downgraded to that level.

Economics 254
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How Did Covid Impact the Minimum Wage Someone Would Accept for a Job?

Mish Talk

Reservation wage data from the New York Fed. The Reservation Wage is the minimum wage a person working would accept for switching jobs or a non-working person would accept for taking a job. Please consider the New York Fed report SCE Labor Market Survey Shows Average Reservation Wage Continues Upward Trend The Federal Reserve Bank of New York’s November 2022 SCE Labor Market Survey shows a rise in the average reservation wage—the lowest wage respondents would be willing to accept for a new job—t

Food 130
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December 2022 Riskalyze Fintech Five

Wealth Management

Founder and CEO Aaron Klein provides his take on the biggest news to hit advisor technology in the previous month.

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8 Ways Minimalism Saves Money

Clever Girl Finance

Minimalism isn’t just a buzzword or an interior decorating trend. It’s a way of approaching life as a whole! Adopting a lifestyle of minimalism saves money, simplifies many of life’s logistics, and ultimately gives you more freedom. Of course, like just about any other lifestyle, minimalism isn’t for everyone. Before you decide to dive in, it’s worth learning about what minimalism is, all the ways minimalism saves money, and how to implement minimalist principles in your own life.

Insurance 119
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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?