The Big Picture
JULY 26, 2022
?. The transcript from this week’s, MiB: Graham Weaver, Alpine Investors , is below. You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , Bloomberg , and Acast. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~. ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.
Nerd's Eye View
JULY 26, 2022
Welcome back to the 291st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Amy Irvine. Amy is the owner of Rooted Planning Group, an independent RIA based in Corning, New York that oversees $67 million in assets under management for 175 client households. What's unique about Amy, though, is how she managed the complexities of starting her own RIA focused on Gen X women, and then dealt with unexpected growing pains as her business development worked ‘too wel
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The Big Picture
JULY 26, 2022
My Two-for-Tuesday morning train WFH reads: • Weak Earnings Reports Aren’t Fazing Investors After Brutal Year for Stocks Shares of Bank of America, Tesla and Netflix rise after posting better-than-feared results ( Wall Street Journal ) see also Why You Should Be Wary of Wall Street’s Upbeat Stock Forecasts Amid rising inflation and the threat of recession, corporate earnings are coming under pressure. ( New York Times ). • A Giant Distraction to the Business of Investing : The average drawdown
The Reformed Broker
JULY 26, 2022
Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ?Make or break moment – “Weak Earnings Reports Aren’t Fazing Investors After Brutal Year for Stocks” ?Recession is Consensus – Food price inflation crowding out spending on other goods, most no.
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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.
Abnormal Returns
JULY 26, 2022
Inflation Hedging inflation is harder than it looks. (insights.factorresearch.com) Can Twitter be used to forecast inflation? (alphaarchitect.com) Performance The performance of tactical asset allocation mutual funds has been no great shakes. (morningstar.com) How have multi-factor portfolios performed in practice. (papers.ssrn.com) Individual behavior Individual investors boosted their trading activity during the pandemic.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Abnormal Returns
JULY 26, 2022
Markets What new lows tell us about the state of the bear market. (ofdollarsanddata.com) Regulatory arbitrage is feature, not a bug, of crypto. (bloomberg.com) A bear market has come for collectible sneakers. (wsj.com) Retail Walmart's ($WMT) earnings miss is good news for customers. (tker.co) Shopify ($SHOP) is laying off 10% of its workforce. (wsj.com) Amazon ($AMZN) is raising Prime fees in Europe.
Calculated Risk
JULY 26, 2022
S&P/Case-Shiller released the monthly Home Price Indices for May ("May" is a 3-month average of March, April and May prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P: S&P Corelogic Case-Shiller Index Reports Annual Home Price Gain Of 19.7% In May The S&P CoreLogic Case-Shiller U.S.
The Irrelevant Investor
JULY 26, 2022
The bad news is that the percentage of companies beating earnings is the lowest it’s been since 2015. The good news, at least in the short term, is that not bad might be good enough. Google, which missed on the top and bottom line for the second quarter, is up 3% in the after hours. The stock was down 30% from its highs going into the print, so it appears that investors had discounted the disappointment.
Calculated Risk
JULY 26, 2022
Freddie Mac reported that the Single-Family serious delinquency rate in June was 0.76%, down from 0.80% May. Freddie's rate is down year-over-year from 1.86% in June 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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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.
A Wealth of Common Sense
JULY 26, 2022
A reader asks: Many right now are saying real estate is the only way to get a real return in a safe manner. Will you post some data on real estate vs. bonds vs. stocks? You always have to be careful when you use the word “safe” when it comes to investing. An investment that feels safe now could be very risky in the future and vice versa.
Calculated Risk
JULY 26, 2022
The Census Bureau reports New Home Sales in June were at a seasonally adjusted annual rate (SAAR) of 590 thousand. The previous three months were revised down significantly. Sales of new single?family houses in June 2022 were at a seasonally adjusted annual rate of 590,000 , according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
Wealth Management
JULY 26, 2022
Advisors say single-stock ETFs are more appropriate for short-term institutional traders who understand the inherent risks, not for retail clients.
Calculated Risk
JULY 26, 2022
Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Decrease Sharply, Record Months of Unsold Inventory Under Construction Brief excerpt: The next graph shows the months of supply by stage of construction. “Months of supply” is inventory at each stage, divided by the sales rate. There are just over 0.83 months of completed supply (red line).
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
JULY 26, 2022
Investment sales of commercial properties are slowing down as potential buyers face a more stringent lending requirement, reports The Wall Street Journal. Vox looks at whether U.S. suburbs can be remade for the better. These are among today’s must reads from around the commercial real estate industry.
Calculated Risk
JULY 26, 2022
From WardsAuto: Not a Surge but July U.S. Light-Vehicle Sales Tracking Above Past Two Months (pay content). Brief excerpt: "Wards Intelligence partner LMC Automotive is pegging the entire year at 14.3 million units, meaning the second-half SAAR will have to total 14.8 million units, up from first-half 2022’s 13.7 million." Click on graph for larger image.
Wealth Management
JULY 26, 2022
How one private equity real estate firm is trying to bring flexible industrial facilities to the market in U.S. cities with its Portal Warehousing offering.
Calculated Risk
JULY 26, 2022
Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller National Index up 19.7% Year-over-year in May Excerpt: Both the Case-Shiller House Price Index (HPI) and the Federal Housing Finance Agency (FHFA) HPI for May were released today. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).
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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
JULY 26, 2022
The digitalization of the wealth management industry has brought on unique demands, shifting from personal interactions to multi-communication channels.
Million Dollar Round Table (MDRT)
JULY 26, 2022
By Antoinette Tuscano You can tell clients you’re a caring person who wants to help others, and they might believe you. Or you can show them by inviting them to be part of your efforts to help. Then you become the financial advisor who stands out from the crowd and who they’re proud to refer to their friends and family. “I would be philanthropic regardless of my profession,” said Katherine Kimball, B.S., a five-year MDRT member from Lynn, Massachusetts, USA.
Wealth Management
JULY 26, 2022
The 11% decline comes in the midst of what UBS Group CEO Ralph Hamers called “one of the most challenging periods for investors” in the last decade.
Clever Girl Finance
JULY 26, 2022
Want to raise money-savvy kids? We’ve rounded up the best money books for kids to help you guide them into early financial literacy! Introducing money and the principles surrounding it as early as you can help tremendously to ensure your kids grasp the ideas. Grasping the ideas behind money principles is the first step before they can put the principles into practice.
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Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!
Good Financial Cents
JULY 26, 2022
Are you worried about a surge in inflation? What about hyper-inflation? The prices of goods and services have been steadily rising, while the value of the dollar has been declining. This can be concerning for anyone who is looking to protect their wealth and make a profit. The CPI (Consumer Priced Index) soared to an increase of 9.1% from the last year.
Wealth Management
JULY 26, 2022
Captrust's Rush Benton sees no slowdown in deals on the horizon, despite the lull in the economy.
Validea
JULY 26, 2022
Wall Street has been scrambling to readjust its recession calls since the Fed raised rates last month, and now most models predict the probability of a recession within the next year has doubled to more than 50%, reports an article in Barron’s. As a result of those predictions, Treasury yields have dropped as investors seek other refuges. But stocks have risen 3% since the rate hike, with many analysts forecasting double-digit earnings growth from now until the end of the year.
Clever Girl Finance
JULY 26, 2022
Image source: andersphoto - stock.adobe.com. Are you looking for the ultimate finishing touch to your ensemble? How about the Louis Vuitton Speedy – a timeless piece that will elevate your look to perfection while injecting some serious glam into your style. But with all the Louis Vuitton Speedy sizes available, which one is right for you? Here's everything you need to know about Louis Vuitton Speedy sizes, including the bag's structure and how to choose the best design for every occasion.
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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.
Validea
JULY 26, 2022
Nearly every asset class has been bruised by this year’s market, with the speculative ones battered the worst, details an article in Forbes. With the S&P 500 down more than 21%, high-quality stocks and bonds have also been pummeled, especially with blue chip stocks such as Amazon, Meta, and Alphabet down 31%. Value stocks have fared a bit better, but bonds have dropped significantly; the long-term treasuries in the TLT basket are down over 25% and corporate bonds have fallen 16%.
Calculated Risk
JULY 26, 2022
Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, Durable Goods Orders for June from the Census Bureau. The consensus is for a 0.5% decrease in durable goods orders. • At 10:00 AM, Pending Home Sales Index for June. The consensus is for a 3.7% decrease in the index. • At 2:00 PM, FOMC Meeting Announcement.
Walkner Condon Financial Advisors
JULY 26, 2022
When it comes to finances and investing, 2022 has started in a rocky fashion. The lasting impacts of COVID-19 – including its continued effect on supply chain snags – and Russia’s invasion of Ukraine have had a hand in the increasing impact of inflation, as well as the rollercoaster ride of the stock markets. And regardless of whether you have an advisor or you manage your own investments, you’d be lucky to be down only a few percent year-to-date.
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