Mon.Nov 21, 2022

Which is Worse: Inflation or Unemployment?

The Big Picture

You may have missed this wonderful Josh Zumbrun column in the Wall Street Journal last week: “ Inflation and Unemployment Both Make You Miserable, but Maybe Not Equally.”. It’s one of those things that are so obvious no one ever stops to think about it – and so we have overlooked this for decades.

Monday links: taking short positions

Abnormal Returns

Strategy The best uncorrelated asset in a downturn is mindset. Why you should spend as little time on investing as possible. Crypto Coinbase ($COIN) is feeling the effects of the FTX blowup.


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10 Monday AM Reads

The Big Picture

My back-to-work morning train WFH reads: • VCs Poured $41 Billion Into Crypto in the Past 18 Months. Is There Any Hope for a Profit? Investors face tough questions following the FTX debacle. Institutional Investor ).

Increasing Financial Planning Efficiency With A Systematized Annual Process

Nerd's Eye View

A common service model for many financial advisory firms is to schedule annual client meetings throughout the year where the advisor meets with each client in the month they started working with the firm, and conducts a comprehensive review of all planning topics for the client.

Best Practices to Ace Your Close

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Whether you’re on a 1-day close or a 10-day close, there are some fundamental commonalities that all strong accounting departments share when it comes to the month-end close. Please join us for an informative webinar where we share best practices that your team can implement today to ace your close.

President Biden, the UN, and the Climate Lobby Seek to Spread More Fossil Fuel Misery

Mish Talk

Please consider these COP 27 Closing Statements by the Secretary-General. COP27 took place not far from Mount Sinai, a site that is central to many faiths and to the story of Moses, or Musa. It’s fitting. Climate chaos is a crisis of biblical proportions.

More Trending

Wild Oil Price Swings on an OPEC Rumor Followed by a Denial

Mish Talk

Image courtesy of BarChart.Com annotations by Mish.

Housing November 21st 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 declines seasonally through the Winter ): 2022: -3.0K (smaller than usual decrease in inventory) 2021: -8.9K 2020: -10.5K 2019: -14.7K Altos reports inventory is down 0.5%


5 Investment Management Options To Consider When Launching Your RIA

XY Planning Network

8 MIN READ. Thinking is free. This is something I occasionally like to remind the entrepreneurs I work with when I begin to sense someone slipping into a mild (or not-so-mild) panic over the seemingly endless list of things to figure out and decisions to make when starting a business.

Does Momentum work in Option Markets?

Alpha Architect

This paper explores the question of option momentum by examining what the research says about the performance of option investments across different stocks. Does Momentum work in Option Markets? was originally published at Alpha Architect.

Global Hiring Guide for Startups

Grow your startup beyond borders and boundaries. In this eBook, you’ll discover how you can gain a competitive edge over your business rivals through the latest technology, harnessing global contractors, and using a global employment platform.

Top 20 Markets for Forecasted Multifamily Rent Growth

Wealth Management

Even as rent growth slows down compared to earlier in the year, many markets are still seeing strong numbers

Coronavirus tally: China locks down Guangzhou district and announces first COVID death in six months


China's southern manufacturing hub of Guangzhou locked down its largest district Monday as it tries to tamp down a major COVID-19 outbreak, suspending public transit and requiring residents to present a negative test if they want to leave their homes, the Associated Press reported.

Six Family Legacy Planning Lessons From NFL Owners

Wealth Management

Lessons learned from professional football team owners on business succession

Senators press Fidelity to reconsider allowing bitcoin access in 401(k) plans


Democratic Sens. Dick Durbin, Elizabeth Warren and Tina Smith on Monday turned up pressure on Fidelity to reconsider its decision to allow employers to offer bitcoin exposure to 401(k) plan participants, after crypto exchange FTX filed for bankruptcy earlier this month.

Redefining Wealth: Money Management, FinTech, Inclusion, and Belonging

Speaker: Marguerita Cheng - Chief Executive Officer at Blue Ocean Global Wealth

Join Marguerita Cheng for an engaging conversation on rethinking the concept of wealth and how everyone can benefit from professional money management.

After a Year of Rapid Rental Hikes, Support for Rent Controls Increased

Wealth Management

Voters in the midterms in a handful of states enacted new rent stabilization measures. What does that mean for multifamily investors

President Biden expected to sign cannabis research bill


A White House spokesperson on Monday confirmed reports that President Joe Biden plans to sign the Medical Marijuana and Cannabidiol Research Expansion Act after the measure won approval in the U.S. Senate last week. The measure ranks as the first standalone cannabis reform bill to pass both the U.S.

The Housing Market is Worse Than You Think

Advisor Perspectives

In this letter I’d like to explore the impact interest rates will have on the economy and especially the housing market

Tesla stock at two-year low, other EV-maker stocks tank as concerns swirl about China, oil futures


Tesla Inc. shares and shares of other electric-vehicle makers underperformed the broader market in midday trading Monday, as worries about China's COVID lockdowns were back to the forefront and oil futures prices dropped more than 5% to trade at 10-month lows.

Top 7 Global Employment Challenges

Global expansion brings many opportunities for companies. However, there are pitfalls along the way that can slow down progress. In this eBook, we look at the 7 key challenges to global growth, and ways to minimize expansion headaches.

Legal Help for Small Investors Is Disappearing

Wealth Management

The number of pro bono legal clinics for retail investors harmed by bad investment advice has fallen dramatically over the past decade, leaving many small-dollar claimants to face arbitration panels alone or, more often, do nothing at all

Redfin sees pending home sales fall by a record in October, as cancellations surge


Shares of Redfin Corp. tumbled 9.6% in midday trading Monday, after the real estate services company said pending home sales plunged 32.1% in October from a year ago, the most since it started keeping records in 2013. The drop off in pending sales comes as deal cancellations jumped to a record 17.9%

Expect Big Enforcement Actions for SEC Ad Rule, According to Former Unit Chief

Wealth Management

Dabney O’Riordan departs the SEC's Asset Management Unit for Quinn Emanuel, she spoke with on what the industry can expect from regulators in the coming year around enforcement of new rules: 'I expect the SEC is going to want to send a message '

Teva names former Sandoz chief Richard Francis as new CEO


Teva Pharmaceutical Industries Ltd. on Monday said its current CEO Kåre Schultz will retire on Dec. Robert Francis, former CEO of Sandoz and an executive at Novartis AG and former executive at Biogen Inc. will become the CEO of Teva.

Global Hiring Guide: Top Emerging Fintech Hubs

The fintech industry is growing exponentially. Companies can find the talent they need in top emerging fintech hubs around the world. Highly skilled global candidates are available to hire — companies just need to know where to look for them.

Investors Eying Real Estate Shift Focus to Preferred Equity Vehicles

Wealth Management

With lenders becoming more conservative, opportunities have emerged in the capital stack for investors willing to shoulder added risk

Disney's stock soars to add more than 50 points to the Dow's price, leads S&P 500 gainers


Shares of Walt Disney Co. shot up 8.5% in morning trading Monday, to make it them the biggest gainers in both the Dow Jones Industrial Average and S&P 500 , as Wall Street cheered the return of Bob Iger as chief executive officer. The stock's $8.16

Media 83

Eight Must Reads for the CRE Industry Today (Nov. 22, 2022)

Wealth Management

Investors continue to view commercial real estate favorably in the current market environment, reports Chief Investment Officer. JLL would like to become an SFR landlords, according to The Real Deal. These are among today’s must reads from around the commercial real estate industry

When Should a Financial Advisor Hire a Junior Advisor?

Prosperity Coaching

When Should a Financial Advisor Hire a Junior Advisor? When you reach 80% of capacity, this is the time to think about and plan to hire your junior advisor. The post When Should a Financial Advisor Hire a Junior Advisor? appeared first on The Prosperous Advisor Coaching Blog.

The HR Compliance Playbook: How to Improve Speed-to-Hire

Every global growth to-do list should begin with compliance. Navigating international jurisdictions can be complex and time-consuming, but with solid, up-to-date compliance procedures, companies can maximize efficiency, speed-to-hire, and mitigate risks.

Mobileye stock surges after 2 more analysts start coverage with bullish ratings


Shares of Mobileye Global Inc. surged 4.5% in premarket trading Monday, after more analysts started coverage of the autonomous driving spinoff of Intel Corp. with bullish outlooks.

Sales 82

M&A Trend Lines Take Dive in Q4

Wealth Management

Do weeks of single-digit deals mean the RIA M&A market has turned a corner? Deal-makers weigh in

Why Non-Transitory Recession is Coming and How to Face it as an Investor

Advisor Perspectives

Recessions are like forest fires – small ones are healthy for the forest. However, the longer you suppress fire, the more dead material the forest accumulates. Eventually, when it does pay a visit, it is more devastating and its effects are more long-lasting.