The Big Picture
AUGUST 10, 2022
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.
The Reformed Broker
AUGUST 10, 2022
The Federal Reserve’s recent attempt to check inflation has been somewhat successful and some macro factors have also gone its way. This morning’s CPI bolsters the case that falling gas prices are helping to ease the overall situation. The inflation rate for housing, rent and employment, however, remains stubbornly high. U.S. inflation was 8.5% in July, the Labor Department said Wednesday, holding close to it.
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Abnormal Returns
AUGUST 10, 2022
Aging Five lessons from getting older including 'Change gets old.' (humbledollar.com) The pursuit of the 'new things' eventually loses its glow. (gothamgal.com) Don't let inertia keep you from learning something new (and useful). (abnormalreturns.com) Investing Why avoiding investment fads is so difficult. (bestinterest.blog) Making the case for Series I Savings Bonds.
Nerd's Eye View
AUGUST 10, 2022
When financial planning clients think about their future, they might imagine a relaxing retirement, world travel, or other pleasant experiences. What they’re probably not considering is their own death, even though everyone’s time remaining on Earth is finite (even if the number of years they have left is unknowable). And using this perspective, advisors can add value for clients by helping them prioritize their goals and explore whether their current behaviors match their desired ou
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Pragmatic Capitalism
AUGUST 10, 2022
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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Abnormal Returns
AUGUST 10, 2022
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.
Calculated Risk
AUGUST 10, 2022
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.
The Irrelevant Investor
AUGUST 10, 2022
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.
Calculated Risk
AUGUST 10, 2022
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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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.
Wealth Management
AUGUST 10, 2022
Quental was the former CEO of J.P. Morgan Securities; his death comes just weeks after his tech startup announced an initial seed round of funding from a long roster of well-known RIA leaders.
Calculated Risk
AUGUST 10, 2022
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.
Wealth Management
AUGUST 10, 2022
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.
Calculated Risk
AUGUST 10, 2022
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".
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.
Wealth Management
AUGUST 10, 2022
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.
Mullooly Asset Management
AUGUST 10, 2022
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 […].
Advisor Websites
AUGUST 10, 2022
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?
Calculated Risk
AUGUST 10, 2022
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.
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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.
Wealth Management
AUGUST 10, 2022
Single stock ETFs may be a case of the wrong thing done for the wrong reason, writes Dimensional's head of investment strategies.
A Wealth of Common Sense
AUGUST 10, 2022
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.
Wealth Management
AUGUST 10, 2022
Focus makes moves in Canada and tweaks its global leadership team as it seeks to increase the percentage of revenues earned from international markets.
Alpha Architect
AUGUST 10, 2022
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.
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All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!
Wealth Management
AUGUST 10, 2022
“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.
Twenty Over Ten
AUGUST 10, 2022
There are countless benefits that your advisor business can get from utilizing social media in its marketing strategy.
Wealth Management
AUGUST 10, 2022
Lee Weiss previously pleaded guilty to investment advisor fraud related to a Ponzi-like scheme involving his firm Family Endowment Partners.
Clever Girl Finance
AUGUST 10, 2022
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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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.
Wealth Management
AUGUST 10, 2022
With Congress bogged down, it may be some time before bills that will directly impact the charitable sector begin moving again.
Trade Brains
AUGUST 10, 2022
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.
Wealth Management
AUGUST 10, 2022
The Jacobi-Hakala Group has been formed under Snowden Lane Partners, reuniting two long-time colleagues.
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