Wed.Aug 10, 2022

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BLS: CPI Unchanged in July; Core CPI increased 0.3%

Calculated Risk

From the BLS : T he Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in July on a seasonally adjusted basis after rising 1.3 percent in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.5 percent before seasonal adjustment. The gasoline index fell 7.7 percent in July and offset increases in the food and shelter indexes, resulting in the all items index being unchanged over the month.

Food 363
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The Trouble with Sentiment

The Big Picture

Barry Ritholtz, Ritholtz Wealth Management Chairman and CIO & “Masters in Business” host, discusses recession risk and inversion of the 2-year/10-year curve. US Economy Facing Growth Recession. ?. Source: Bloomberg , August 9th, 2022. See also : Blame Election Deniers for Faltering Consumer Sentiment. by Matthew A. Winkler. Bloomberg, August 8, 2022.

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Early Look at 2023 Cost-Of-Living Adjustments and Maximum Contribution Base

Calculated Risk

The BLS reported this morning: The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 9.1 percent over the last 12 months to an index level of 292.219 (1982-84=100). For the month, the index declined 0.1 percent prior to seasonal adjustment. CPI-W is the index that is used to calculate the Cost-Of-Living Adjustments (COLA).

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Leveraged and Inverse Single Stock ETFs: The Worst of Both Worlds?

Wealth Management

Single stock ETFs may be a case of the wrong thing done for the wrong reason, writes Dimensional's head of investment strategies.

Investing 290
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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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Homebuyers Hit Brakes in July, Sellers Hold Back

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Homebuyers Hit Brakes in July, Sellers Hold Back A brief excerpt: The big story for July existing home sales is the sharp year-over-year (YoY) decline in sales. Another key story is that new listings are down YoY in July. Of course, active listings are up sharply. Notes for all tables: 1. New additions to table in BOLD. 2.

Sales 302
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Focus Financial's Latest M&A Moves Prioritize Growth Abroad

Wealth Management

Focus makes moves in Canada and tweaks its global leadership team as it seeks to increase the percentage of revenues earned from international markets.

Marketing 264

More Trending

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

Wealth Management

Fitch Ratings warned about the danger stagflation posts to commercial real estate values. Investment sales volume was up 10 percent in the second quarter, according to CBRE data. These are among today’s must reads from around the commercial real estate industry.

Sales 264
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Cleveland Fed: Median CPI increased 0.5% and Trimmed-mean CPI increased 0.4% in July

Calculated Risk

The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.5% in July. The 16% trimmed-mean Consumer Price Index increased 0.4% in July. "The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics’ (BLS) monthly CPI report".

Food 246
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Pennsylvania Advisor Sentenced To 5 Years For $7M Scheme

Wealth Management

Lee Weiss previously pleaded guilty to investment advisor fraud related to a Ponzi-like scheme involving his firm Family Endowment Partners.

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MBA: Mortgage Applications Increase in Latest Weekly Survey

Calculated Risk

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 5, 2022. The Refinance Index increased 4 percent from the previous week and was 82 percent lower than the same week one year ago.

Economy 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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Progress on Digital Asset Rules and Regulations Lagging

Wealth Management

With Congress bogged down, it may be some time before bills that will directly impact the charitable sector begin moving again.

Assets 264
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Three Things I Think I Think

Pragmatic Capitalism

Here are some things I think I am thinking about: 1) Inflation has peaked. This morning’s CPI report is more evidence that disinflation is going to become a more prolonged [ … ].

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Advisor Group Raises $500M in Debt for B/D Acquisitions

Wealth Management

Moody’s assigned a B2 rating to the notes and changed its outlook on the firm from stable to positive, saying the benefits of higher interest rates will offset the additional debt.

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Clips From Today’s Closing Bell

The Reformed Broker

Ritholtz’s Josh Brown warns investors Fed quantitative tightening is coming along with rate hikes from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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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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401(k) Real Talk Episode 28: August 10, 2022

Wealth Management

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

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Wednesday links: financial disorder

Abnormal Returns

Markets The stock market's biggest losers have bounced hard. (theirrelevantinvestor.com) China's three biggest tech stocks are down $1 trillion in value since February 2021. (wsj.com) Companies Meta ($META) sold bonds, $10 billion worth, for the first time. (finance.yahoo.com) How the remote work revolution is playing out at Dropbox ($DBX). (time.com) Why Domino's ($DPZ) didn't make it in Italy.

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Snowden Lane Adds Another Fieldpoint Advisor, Creates $360M Team

Wealth Management

The Jacobi-Hakala Group has been formed under Snowden Lane Partners, reuniting two long-time colleagues.

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What Moves Markets?

The Irrelevant Investor

Inflation numbers for July were released today. We learned that consumer prices rose 8.5% from a year earlier, the fourth highest reading since I’ve been alive. And the stock market loved it, with the S&P 500 gaining 2.1% and closing at the highest levels since early May. Looking under the hood, the food index increased 1.1%, which is the seventh consecutive monthly increase of 0.9% or more.

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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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Entire US Supply Chain Needs 24/7 Operations, Not Just Ports, Official Says

Wealth Management

“If only you or only a terminal goes to 24/7, that’s interesting,” Stephen Lyons told Port of Long Beach Executive Mario Cordero in an interview Tuesday. “But if everybody -- including the warehousing community, all the other modes of transport -- moved to 24/7, or something more than today, that makes logical sense that you could move much more cargo in the same period of time.

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Treasury Bonds: Buy and Hold or Trend Follow?

Alpha Architect

If one had to invest in buy and hold treasury bonds or trend-followed treasury bonds, it is likely that most investors would prefer the trend-followed bond investment. However, in a broader portfolio context, the analysis suggests that how one 'eats' their bond exposure is largely irrelevant and the portfolio's long-term outcome will be driven by equity market dynamics.

Portfolio 104
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Animal Spirits: Soft Landing

A Wealth of Common Sense

Today’s Animal Spirits is brought to you by Masterworks: See here to learn more about investing in contemporary art. On today’s show we discuss: Does this look like a recession to you? H1 was not a recession Uptick in home searches and tours Home listings are stale Softbank taking major losses HOOD earnings Z earnings OPEN earnings UBER earnings AMC earnings NVDA earnings Robinhood laying off 23% of workfo.

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What Should I Know About Saving for College?

Mullooly Asset Management

The first thing to know about saving for college is that it’s never too early to start. The earlier you start saving (and investing) for your child’s future, the more time and flexibility you allow yourself. Saving for college can be difficult for parents to do on top of saving for retirement and meeting all […].

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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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How To Write An Engaging Biography For Your Financial Website

Advisor Websites

A well-written bio can make all the difference for financial advisors. You only have one shot at making a good first impression, and your online biography might just be that one shot! You want to make an impression that showcases your personality, stands out among the rest, and communicates your unique value proposition. So how do you write a great biography that delivers all three?

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How To Find And Use Your Hidden Talents To Improve Your Life

Clever Girl Finance

Even if you adore your job and have a fabulous social life, you still might feel like something’s missing. One way to grow, challenge yourself , and have a ton of fun is to find your hidden talents. If you need a little bit of a boost, you might be thinking about how to find and leverage your special talents. I would bet that most people have some hidden or secret talents they haven't explored.

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Social Media Content Do’s and Don’ts for Financial Advisors

Twenty Over Ten

There are countless benefits that your advisor business can get from utilizing social media in its marketing strategy.

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I Need Money Desperately! 26 Realistic Ideas To Consider

Clever Girl Finance

There are few things worse than needing access to cash but not knowing where it’s going to come from. But that’s exactly what happens when life gives us lemons. Unexpected life events can cost serious money, and often there’s a pretty tight timeframe to cough up the goods. If your brain is screaming, "I need money desperately," it can be tempting to turn to credit cards or take out a loan if you don't have an emergency fund.

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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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The Anti-60/40 Portfolio

Random Roger's Retirement Planning

Corey Hoffstein had a Tweet making fun of Blackrock for lack of conviction for allocating just 1% to some commodity alt (it was not Bitcoin) in model portfolios. Not knowing what the models look like, it would be tough for me to have a strong opinion about a 1% allocation beyond yeah, that might be a little light. Generally though I prefer smaller allocations for wanting to diversify your diversifiers a phrase Jason Buck from Mutiny Capital uses but that I've been writing about for many years.

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Syrma Sgs Tech IPO Review 2022 – GMP, Strengths, & More!

Trade Brains

Syrma Sgs Tech IPO Review: After a pause for months, an IPO is back in the Indian markets. Syrma Sgs Technology Limited is coming up with its Initial Public Offering. The IPO will open for subscription on August 12th, 2022, and close on August 18th, 2022. It is looking to raise Rs. 840 Crores out of which Rs. 766 Crores will be a fresh issue and the remaining Rs. 74 Crores will be an offer for sale.

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Episode #435: Radio Show with Michael Batnick & Ben Carlson of RWM

Meb Faber Research

Episode #435: Radio Show with Michael Batnick & Ben Carlson of RWM Guests: Michael Batnick, CFA. Michael Batnick is the Director of Research at Ritholtz Wealth Management. Ben Carlson is the Director of Institutional Asset Management at Ritholtz Wealth Management. Date Recorded: 7/27/2022 | Run-Time: 1:11:12 Summary: In today’s episode, we touch on the […].

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IRS Releases 2023 Key Numbers for Health Savings Accounts

James Hendries

The IRS has released the 2023 contribution limits for health savings accounts (HSAs), as well as the 2023 minimum deductible and maximum out-of-pocket amounts for high-deductible health plans (HDHPs). An HSA is a tax-advantaged account that’s paired with an HDHP. An HSA offers several valuable tax benefits: You may be able to make pre-tax contributions via payroll deduction through your employer, reducing your current income tax.

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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.