The Big Picture
OCTOBER 17, 2022
US equity markets are off about 25% YTD; Tech-heavy Nasdaq is off 32%; But the poster child for the past few years has been Tesla (TSLA), which is down 38.5% YTD and is 46.9% off of its 2021 highs. From a fundamental perspective, Tesla is doing quite well: In the third quarter, Tesla sold a record 343,000 vehicles. They also have an advantage over traditional automakers: An ability to quickly reprogram the firmware of chips.
Nerd's Eye View
OCTOBER 17, 2022
After more than 2 years of ongoing disruptions, from the original COVID-19 outbreak, to wave after wave of variants as the pandemic rolled on, 2022 proved to be the year that advisor conferences were “back”, as events ceased canceling or rescheduling in response to new variants and powered forward… often with virtual options for those who still felt uncomfortable traveling, but with most events actually reaching or even exceeding their pre-pandemic highs as advisors showed that
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Abnormal Returns
OCTOBER 17, 2022
Markets Small caps look cheap relative to large caps. (wsj.com) What a stock market bottom looks like. (awealthofcommonsense.com) How best to measure investor capitulation? (ramp.beehiiv.com) All bear markets eventually end. (granite-wealth.com) Companies Why Apple ($AAPL) is pushing into services so aggressively. (macworld.com) Is 'dating app fatigue' to blame for the big drop in Match ($MTCH) stock?
Calculated Risk
OCTOBER 17, 2022
Active inventory increased again, hitting a new peak for the year. Here are the same week inventory changes for the last four years ( usually inventory is declining at this time of year ): 2022: +5.0K 2021: -2.4K 2020: -0.9K 2019: -10.9K Inventory bottomed seasonally at the beginning of March 2022 and is now up 135% since then. Altos reports inventory is up 33.7% year-over-year.
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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
OCTOBER 17, 2022
Podcast Barry Ritholtz talks with Thomas Rampulla, managing director of Vanguard’s Financial Advisor Services. (ritholtz.com) Brendan Frazier talks with Derek Tharp about the psychology of delivering financial advice. (wiredplanning.com) Michael Kitces talks with Libby Greiwe who is the owner of The Efficient Advisor, a financial advisor coaching and consulting business.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
OCTOBER 17, 2022
These indicators are mostly for travel and entertainment. It is interesting to watch these sectors recover as the pandemic subsides. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. This data is as of October 15th. Click on graph for larger image. This data shows the 7-day average of daily total traveler throughput from the TSA for 2019 (Light Blue), 2020 (Black), 2021 (Blue) and 2022 (Red).
Wealth Management
OCTOBER 17, 2022
The New York Times analyzes what the Kroger-Albertsons mega merger means for groceries. The industrial market is showing some initial signs of cooling, reports The Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
Integrity Financial Planning
OCTOBER 17, 2022
Optimizing your retirement savings takes more than just making sure your IRA isn’t at risk in this market. There are rules and regulations that can help you avoid higher taxes and penalty fees and help you structure your income to minimize taxes. Know these 3 ages that can help you get the most out of your retirement accounts. Take Catch-up Contributions at 50.
Wealth Management
OCTOBER 17, 2022
The Wall Street Journal looks at how the new housing codes brought on by more frequent hurricanes are changing Florida’s coastal areas. The volume of multifamily sales in Manhattan are increasing, reports Commercial Observer. These are among today’s must reads from around the commercial real estate industry.
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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.
Calculated Risk
OCTOBER 17, 2022
Note: This is as of September 30th. From the MBA: Share of Mortgage Loans in Forbearance Decreases to 0.69% in September The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 3 basis points from 0.72% of servicers’ portfolio volume in the prior month to 0.69% as of September 30, 2022.
Norman Marks
OCTOBER 17, 2022
I like this review of the guidelines published a couple of years ago by internal auditors in the Nordics. Guest blogger Marinus de Pooter highlights some good points and areas of weakness. == A steering group drawn from the Institutes of Internal Auditors for the Nordic and Baltic countries issued the ‘Good practice guidelines for […].
Clever Girl Finance
OCTOBER 17, 2022
Whenever I check off something from my to-do list, I feel a sense of confidence. Getting things done is a big adrenaline rush and makes me feel accomplished , but sometimes when we have bigger goals, they sit on our to-do list and don’t get finished. That’s one reason why using mini goals can help you achieve your dreams. Instead of just giving attention to the big picture, you break down what you want to accomplish into smaller goals.
Good Financial Cents
OCTOBER 17, 2022
Traditional online brokerages were once intimidating to the rookie investor, so many flocked to Robinhood when the mobile-only brokerage announced new, revolutionary features in late 2014. Robinhood attracted these young stock market investors with an easy-to-use mobile app and commission-free trades. To sweeten the deal, Robinhood didn’t require account minimums, so even investors with limited capital could start investing.
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
OCTOBER 17, 2022
According to the commission, Keith Springer and his firm used “deceptive marketing” via ads and his radio show to attract investors, many of whom were retirees.
Alpha Architect
OCTOBER 17, 2022
We examine the question of whether or not democracy leads to better possible outcomes for the stock market. Is Democracy better for the stock market? was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Wealth Management
OCTOBER 17, 2022
Credit Suisse is among lenders that have been defending themselves against claims over the sale of mortgage securities that plummeted in value during the 2008 crisis. It paid $600 million last year to settle a lawsuit with MBIA Insurance Corp over mortgage securities.
XY Planning Network
OCTOBER 17, 2022
7 MIN READ. Global capital markets are performing poorly, and many clients of ours are anxiously looking for expert guidance. Once again, advisors are facing an opportunity now to prove their value, build stronger relationships, and—most importantly—make sure clients are faring well despite the current economic situation.
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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
OCTOBER 17, 2022
The new tool is the third in a series of joint ventures with the independent broker/dealer’s large enterprises.
Meb Faber Research
OCTOBER 17, 2022
Christine Wang, Bridgeway – “Room To Run” with US Small-Cap Value Stocks? (The Best Investment Writing Volume 6) Author: Christine Wang, CFA, CPA is a Portfolio Manager for Bridgeway Capital Management. Summary: Each year, our team carefully sorts through tons of research from some of the most respected money managers and investment researchers from all […].
Wealth Management
OCTOBER 17, 2022
As DC plans move into the next phase, providers and advisors stuck in the old paradigm will struggle to keep up.
Validea
OCTOBER 17, 2022
MercadoLibre, known as “the Amazon of Latin America,” may provide a choice buying opportunity after its 52% decline from its peak, contends an article in CityWireUSA’s Fix the Future column. Many top investors are getting in on the company, Fix the Future found, as the company builds on its success with its e-commerce business by expanding into growth markets like fintech.
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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
OCTOBER 17, 2022
The Wall Street giant plans to once again combine its expanded asset management and private wealth businesses into one unit run by Marc Nachmann.
Validea
OCTOBER 17, 2022
With stocks down 20% and bonds off 14% for the year, it can be tempting to avoid looking at your account statements of late, writes Jason Zweig in an article for The Wall Street Journal. While looking at the losses can’t change them, it can serve as a stepping stone to making good decisions in a volatile market. Since the end of March, when U.S. and international stock funds contained $19.3 trillion, investors have withdrawn a scant 0.4% of their money, in spite of rampant inflation and an overa
Wealth Management
OCTOBER 17, 2022
From HELOCs to reverse mortgages.
Validea
OCTOBER 17, 2022
A SEC filing on October 5 th reveals that Tuttle Capital Management has launched an ETF to bet against CNBC’s Mad Money host Jim Cramer, reports an article in Bloomberg. Tuttle also has an ETF that bets against Ark Management founder Cathie Wood’s stock picks, and the new ETF would function in much the same way, if approved. Cramer is a divisive voice on Wall Street, giving passionate endorsements to various stocks, many of which have gone on to fail dismally.
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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
OCTOBER 17, 2022
What could be better than avoiding income taxes? Having a higher salary.
Validea
OCTOBER 17, 2022
The value investing strategy—acquiring shares of companies that are trading below their fair market value—had fallen out of favor in the 2010-2020 decade as high growth businesses dominated the market. But value is now outperforming growth with a 10% CAGR (compound annual growth rate), according to an article in Financial Express. Quick Links Validea Special Discount Offer Top Value Stocks in Today’s Market Screen for Stocks Using Peter Lynch’s GARP Method.
Wealth Management
OCTOBER 17, 2022
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