Mon.Nov 07, 2022

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Wholesale Used Car Prices Declined in October; Prices Down 10.6% Year-over-year

Calculated Risk

From Manheim Consulting today: Wholesale Used-Vehicle Prices See Smaller Decline in October Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 2.2% in October from September. The Manheim Used Vehicle Value Index declined to 200.0 and is now down 10.6% from a year ago. The non-adjusted price change in October was a decline of 2.1% compared to September, moving the unadjusted average price down 9.3% year over year. emphasis added Click on graph for larger im

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Labor or Capital Driven Inflation?

The Big Picture

My views on inflation continue to evolve: I was correct in identifying inflation during the mid-2000s; during the post-crash 2010s I remained appropriately skeptical about rising prices. The price dynamic during and after the pandemic appeared to be troublesome but my expectations were that inflation would be resolved relatively quickly as supply chains reopened and life returned to normal. “ Transitory ” turned out to be too optimistic, and I was wrong in my expectations for a faster decline in

Economics 336
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Four High Frequency Indicators for the Economy

Calculated Risk

These indicators are mostly for travel and entertainment. It was interesting to watch these sectors recover as the pandemic impact subsided. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. This data is as of November 6th. 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).

Economy 343
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Huge Tech Layoffs Begin, More Coming, Who's On the Chopping Block?

Mish Talk

Twitter Axe Last Friday, Elon Musk cut about half of the company’s work force. That's approximately 3,700 jobs. Many employees did not know until they saw their corporate access blocked. I saw some Tweets in which managers did not even know which of their subordinates were axed. The managers sent emails to their subordinates asking if they still had access.

Planning 328
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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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Housing November 7th Weekly Update: Inventory Decreased Slightly Week-over-week

Calculated Risk

Active inventory decreased slightly. Here are the same week inventory changes for the last four years ( usually inventory is declining sharply at this time of year ): 2022: -2.2K (smaller than usual decrease in inventory) 2021: -13.0K 2020: -13.4K 2019: -20.7K Inventory bottomed seasonally at the beginning of March 2022 and is now up 138% since then.

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10 Monday AM Reads

The Big Picture

My back-to-work morning train WFH reads: • The state of the economy on Election Day, explained in 6 numbers : Rising prices have weighed heavily on the minds of voters who will soon determine the outcome of elections across the country. ( Vox ). • Are TIPS a Bargain? They are, but with an asterisk. ( Morningstar ) see also The Best Places to Get Income in the Bond Market Now : A lot of investors are abandoning the battered fixed-income market.

Nonprofit 279

More Trending

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Publicly-Traded REITs Posted Gains and Snapped a Losing Streak in October

Wealth Management

After three straight months of declines, the FTSE All Equity REIT rose more than 3 percent for the month of October.

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The Latest In Financial #AdvisorTech (November 2022)

Nerd's Eye View

Welcome to the November 2022 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that a new RIA custodian – Entrustody – has launched, as independent RIAs continue to clamor for more alternatives than what has now become the ‘Big 2’ of Schwabitrade and Fidelit

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Nine Must Reads for the CRE Industry Today (Nov. 7, 2022)

Wealth Management

Companies are sitting on a mountain of empty office space that has yet to hit the market, CNBC reports. Persistent inflation is increasing how much it costs to develop data centers, according to Bisnow. These are among today’s must reads from around the commercial real estate industry.

Marketing 264
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Fed Survey: Banks reported Tighter Standards, Weaker Demand for Most Loan Types; Stronger Demand for HELOCs

Calculated Risk

From the Federal Reserve: The October 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices The October 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the third quarter of 2022.

Banking 147
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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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10 Must Reads for the CRE Industry Today (Nov. 8, 2022)

Wealth Management

Americans’ rent-to-income ratios have been pushing past the recommended 30 or under percent, reports Multifamily Dive. Prologis is predicting a normalization in leasing rates for industrial real estate next year. These are among today’s must reads from around the commercial real estate industry.

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The Cross Section of Stock Returns Pre-CRSP data: Value and Momentum are confirmed as robust anomalies

Alpha Architect

We study the cross-section of stock returns using a novel constructed database of U.S. stocks covering 61 years of independent data. The Cross Section of Stock Returns Pre-CRSP data: Value and Momentum are confirmed as robust anomalies was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Investing 136
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Three Active RIA Acquirers on What it Costs to Create a “Profitable” Deal

Wealth Management

Outside expertise is important, the panelists agree, but choose carefully. There are only a handful of bankers and attorneys with the expertise to create the best outcome for selling advisors.

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Tuesday: Small Business Survey

Calculated Risk

From Matthew Graham at Mortgage News Daily: New Issuance Keeping Pressure on Bonds Ahead of CPI CPI-watching is all the more interesting these days due to the extreme prevalence of one particular month-over-month reading. Core monthly inflation came in at 0.6% no fewer than 8 times since the start of the pandemic, and 5 of those have been in 2022. No other level has been even half as prevalent.

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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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The Importance of Professional Asset Management in DAF Accounts

Wealth Management

Many DAF donors don’t know that some sponsors allow their financial advisors to select and manage the investments in their accounts.

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Monday links: filling in the gaps

Abnormal Returns

Strategy The stock market is rewarding companies showing profitability. (theirrelevantinvestor.com) When bond diversification dilutes your portfolio diversification. (wsj.com) Why we should never be 100% certain about any outcome. (ramp.beehiiv.com) Crypto Binance and FTX are beefing. (ft.com) El Salvador's Bitcoin experiment is an abject failure. (bloomberg.com) Companies Energy companies have been direct beneficiaries of the war in Ukraine.

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Taiber Launches Taiko, An OCIO For Financial Advisors

Wealth Management

It is designed to serve RIAs and financial institutions ranging from $100 million in AUM to multi-billion-dollar national enterprises.

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Black Knight Mortgage Monitor: Home Prices Declined in September; Down 2.6% since June

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Black Knight Mortgage Monitor: Home Prices Declined in September; Down 2.6% since June A brief excerpt: Here is a graph of the Black Knight HPI. The index is still up 10.1% year-over-year but declined for the third straight month in September and is now 2.6% off the peak in June. • Housing market watchers are split on whether we will see meaningful price declines in coming months – or even years – due to low affordability, or a more lateral c

Marketing 130
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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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It's Time to Get Real About 401(k) Plans

Wealth Management

Is there any hope to help the 97% of 401k participants without access to a financial advisor?

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Stocks Want to Go Up

The Irrelevant Investor

The last few years were all about growth. Aggresive hiring? +3% Burning cash on unprofitable investments? +10%! When money cost nothing, there were no consequences to wasting it. Stock prices are the standings and as the great Bill Parcells once said, “You are what your record says you are.” Companies are well aware of their stock price.

Investing 121
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Austrian Economists Can Explain the Coming Recession

Wealth Management

The economy is stuck with malinvestment and will need to reconfigure in a painful manner.

Economy 246
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Your Best ROI: Engaged, Happy Employees (Exclusive XYPN LIVE Content)

XY Planning Network

2 MIN READ.

Fee Only 109
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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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Private Foundation Giving Sees Continued Growth

Wealth Management

A new report highlights emerging trends in private philanthropy.

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Financial Planning for the Retirement Transition

eMoney Advisor

Periods of our lives are often categorized into phases. As we move through life, change is inevitable, but that doesn’t make it less intimidating. Your clients—and prospective clients—face a myriad of changes in their later years. Whether they are on the cusp of retirement or living as a retiree, this is an impactful time of transition. Navigating the Retirement Transition with “Switches” Because the transition to retirement is dynamic and requires financial, lifestyle, and social ch

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The US Northeast Is Hurtling Toward a Winter Heating Crisis

Wealth Management

At the heart of the Northeast’s energy squeeze is natural gas. Almost half the electricity generated in New England and New York comes from gas.

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The S&P 500, Dow and Nasdaq Since Their 2000 Highs

Advisor Perspectives

Take a look at real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq Composite since 2000. We've updated this through the October 31, 2022 close.

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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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Accelerating DEI&B in Wealth Management with Carolyn Armitage

Wealth Management

Carolyn Armitage, head of Thrivent Advisor Network discusses Diversity ad Inclusion with WealthManagement.com.

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How Should I Handle Credit Card Debt?

Mullooly Asset Management

Credit card debt is always a topic of debate in personal finance. This post could be extremely short. How should you hand credit card debt? Easy. If you have a balance, pay it off. Done. But, as with many things in personal finance, the right answer is it depends on your personal circumstances. Credit card […].

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Voters Will Weigh $66 Billion of Bond Measures in Midterm Elections

Wealth Management

Among the 10 biggest bond referendums, which total about $17 billion, many would fund upgrades to schools like safety improvements, expansions or modernizations. San Diego voters will weigh a $3.2 billion bond for the school district, the second-largest measure voters will consider this year. If approved, some proceeds would finance the construction of teacher and workforce housing.

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Can You Turn Investment Losses Into Tax Gains?

Integrity Financial Planning

When markets take a spill, especially when it comes to your retirement investments, it’s harder to find ways to meet your financial goals. If you were relying on IRA or 401(k) withdrawals to cover your expenses, doing so when markets are down would decrease the lifespan of your savings. And if you’re nearing retirement, market losses may provide cause to push back the time you enter retirement.

Taxes 98
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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.