Thu.Mar 30, 2023

article thumbnail

Weekly Initial Unemployment Claims increase to 198,000

Calculated Risk

The DOL reported : In the week ending March 25, the advance figure for seasonally adjusted initial claims was 198,000 , an increase of 7,000 from the previous week's unrevised level of 191,000. The 4-week moving average was 198,250, an increase of 2,000 from the previous week's unrevised average of 196,250. emphasis added The following graph shows the 4-week moving average of weekly claims since 1971.

358
358
article thumbnail

Five Tips for Women Looking for Success in Financial Services

Wealth Management

Only 28% of advisors are female.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Realtor.com Reports Weekly Active Inventory Up 57% YoY; New Listings Down 20% YoY

Calculated Risk

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released today from chief economist Danielle Hale: Weekly Housing Trends View — Data Week Ending Mar 25, 2023 • Active inventory growth continued to climb with for-sale homes up 57% above one year ago. Inventories of for-sale homes rose, but at a slightly slower pace than the previous week for a second time as the smaller number of hopeful homebuyers still outnumber new sellers on the market.

Numbers 334
article thumbnail

Good Infrastructure?!?

The Big Picture

Yesterday I discussed all the reasons why the return to office was not going so well here in the US (even as RTO does much better in Europe). I spent a lot of time criticizing the sorry state of U.S. infrastructure as one of the many factors driving the reluctance to give up WFH. It doesn’t have to be this way. Back in 2018, I mentioned my personal infrastructure was improving.

article thumbnail

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

article thumbnail

Six SVB Private Advisors Jumped to Cerity

Wealth Management

The advisors have a shared history at KLS Professional Advisors Group in New York, a family office-focused RIA acquired by Boston Private in 2004.

305
305
article thumbnail

Inflation Adjusted House Prices 4.6% Below Peak

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 4.6% Below Peak; Price-to-rent index is 7.9% below recent peak Excerpt: It has been 17 years since the bubble peak. In the January Case-Shiller house price index released on Tuesday , the seasonally adjusted National Index (SA), was reported as being 60% above the bubble peak in 2006.

250
250

More Trending

article thumbnail

Hotels: Occupancy Rate Down 6.3% Compared to Same Week in 2019

Calculated Risk

From CoStar: STR: Weekly US Hotel Occupancy Decreases as Spring Break Impact Recedes Reflecting the normal ebb and flow of spring break season, U.S. hotel performance decreased from the previous week, according to STR‘s latest data through March 25. March 19-25, 2023 (percentage change from comparable weeks in 2022, 2019): • Occupancy: 64.9% (-0.6%, -6.3%) • Average daily rate (ADR): $158.61 (+4.7%, +19.5%) • Revenue per available room (RevPAR): $102.98 (+4.1%, +12.0%) emphasis added The followi

246
246
article thumbnail

Are Conditions Ripe to Spur Real Estate Investment in Gateway Markets?

Wealth Management

In uncertain economic environments, institutional and foreign commercial real estate investors often revert to the safety of the biggest American cities.

Investing 279
article thumbnail

The Compound x On The Tape

The Reformed Broker

Michael and I join Guy and Dan for a special episode of On The Tape! We discuss engaging with internet trolls, the culture at Ritholtz Wealth Management, financial TV punditry, what’s happening in the markets, stock picking strategies, and navigating market panic. The post The Compound x On The Tape appeared first on The Reformed Broker.

article thumbnail

Eight Must Reads for Real Estate Investors Today (March 31, 2023)

Wealth Management

WeWork’s execs compare their business model for offices as analogous to what e-commerce meant for retail. Barron’s looked at 15 banks with high exposure to commercial real estate loans and found the entities are on solid footing. These are among today’s must reads from around the commercial real estate industry.

Retail 264
article thumbnail

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.

article thumbnail

Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: SLB, Micron, CVS & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

200
200
article thumbnail

Mindy Diamond on Independence: A Coach’s Advice for Advisors and Teams

Wealth Management

Ray Sclafani of ClientWise discusses the key areas that employee advisors and independent business owners can impact to influence sustainable growth, enhance client relationships, and ultimately build “exit” value.

Clients 264
article thumbnail

10 Thursday AM Reads

The Big Picture

My morning train WFH reads: • Volcker Slayed Inflation. Bernanke Saved the Banks. Can Powell Do Both? In 140 years, American policymakers have never faced a banking crisis quite like this. ( Bloomberg ) • A Tale of Two Housing Markets: Prices Fall in the West : While the East Booms In an unusual pattern, the 12 major housing markets west of Texas, plus Austin, saw home prices fall in January, while the opposite happened in the rest of the country. ( Wall Street Journal ) see also How Wall Street

Banking 190
article thumbnail

Gensler: SEC's Ability to Investigate Crypto Is 'Stretched Thin'

Wealth Management

The SEC chair testified before a House Appropriations Subcommittee on the commission’s FY24 budget request.

Budgeting 264
article thumbnail

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.

article thumbnail

Q4 GDP Growth Revised Down to 2.6% Annual Rate

Calculated Risk

From the BEA: Gross Domestic Product, Fourth Quarter and Year 2022 (Third Estimate), GDP by Industry, and Corporate Profits Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2022 ), according to the "third" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent.

Economics 162
article thumbnail

Ethereum’s Gradual Approach to Enduring Value

Wealth Management

The upcoming "Shanghai" upgrade will enable users to access their staked ETH and rewards at any time.

246
246
article thumbnail

Friday: Personal Income and Outlays

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Personal Income and Outlays for February. The consensus is for a 0.3% increase in personal income, and for a 0.3% increase in personal spending. And for the Core PCE price index to increase 0.4%. PCE prices are expected to be up 5.1% YoY, and core PCE prices up 4.7% YoY. • At 9:45 AM, Chicago Purchasing Managers Index for March.

article thumbnail

Crypto Exchange Beaxy, Founder Sued by SEC for Violations

Wealth Management

The SEC has been ramping up enforcement against larger participants in the crypto industry.

241
241
article thumbnail

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.

article thumbnail

Thursday links: human inertia

Abnormal Returns

Strategy The S&P is not a static index. (tker.co) How portfolio complexity is too much? (rogersplanning.blogspot.com) Bonds The Treasury market is seeing signs of strain. (ft.com) CMBS spreads are near pandemic levels. (axios.com) Big Tech Satya Nadella's focus on Microsoft ($MSFT) could be his biggest win. (computerworld.com) The success of AI is forcing Google ($GOOGL) to get its act together.

article thumbnail

Blackstone’s Schwarzman Says US Banking Crisis Is ‘Solvable’

Wealth Management

Schwarzman pointed to the banking crisis as an "interim issue" caused by high interest rates and deposit issues caused by technology.

Banking 237
article thumbnail

Will AI Replace Financial Advisors?

A Wealth of Common Sense

A reader asks: Technology has made investing easier (indexing, direct indexing, robo advisors, etc.). With AI in vogue right now, what does the RIA space/ financial planning look like in another 20-30 years? Will there still be a human need to hold hands/talk you off a ledge, or will the only human interactions be those maintaining the tech behind the scenes?

article thumbnail

Morgan Stanley Downgrades Charles Schwab for First Time, Slashes Target

Wealth Management

Client money is moving from so-called sweep accounts into money market funds at a rate of $20 billion a month, according to analysts.

article thumbnail

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.

article thumbnail

How does community involvement lead to business?

Million Dollar Round Table (MDRT)

By Bryce Sanders Many agents and financial advisors give back to their community. They do it because it is the right thing to do and they’re grateful they can help others. They also realize joining the right organizations can provide an entry into the high-net-worth community.

article thumbnail

Why ESG in America May Face a Rough Road Ahead

Wealth Management

The sudden $4 billion outflow from BlackRock shows how concentration risk is making a bad situation worse for sustainable investment.

Investing 130
article thumbnail

: Nikola stock falls toward another record low as share sale announced

MarketWatch

Nikola Inc. NKLA shares declined toward an all-time low in after-hours trading Thursday, as the car maker announced plans to sell shares. Nikola announced a plan to sell $100 million in stock, along with a concurrent direct offering with an unnamed investor for another $100 million. The stock fell more than 5% in the extended session. Nikola disappointed investors with its fourth-quarter revenue total in February, and projected that 500 or fewer vehicles will be produced this year.

Sales 98
article thumbnail

Sleepy Schwab Bond Fund Notches $2 Billion of Flows in One Day

Wealth Management

Assets in Schwab 5-10 Year Corporate Bond ETF (ticker SCHI) swelled to a record $2.33 billion on Monday from around $356 million previously.

Assets 130
article thumbnail

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?

article thumbnail

: PacWest stock rises as it moves to the S&P SmallCap 600 from the S&P MidCap 400

MarketWatch

PacWest Bancorp PACW stock is up 2.9% in premarket trades Thursday after S&P Dow Jones Indices said the regional bank would be added to the S&P SmallCap 600 from the S&P MidCap 400 prior to the open of trading this coming Wednesday. Crane Co. CR is replacing PacWest in the MidCap 400 on Tuesday. PacWest Bancorp will replace Nektar Therapeutics NKTR in the S&P SmallCap 600.

Banking 98
article thumbnail

Of Course Workers Have Given Up on the Office

Wealth Management

What if there is a hard-to-quantify malaise in the workforce right now, but it isn’t caused by remote work?

130
130
article thumbnail

How to Start Creative Writing in Retirement

Integrity Financial Planning

Writing can be a great hobby to pick up in retirement. Maybe you’ve had an idea for a TV show for a long time, or you’ve always wanted to try writing a novel. Now can be a great time to start! The most important rule for writing is to just do it. This may seem like an obvious rule, but with writing (and any art really) the most important thing is sitting down and actually doing it.

article thumbnail

Cash Stashed in Funds Instead of Banks Fuels US Recession Risks

Wealth Management

More than $5 trillion is now squirreled away in money-market funds.

Banking 130
article thumbnail

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.