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From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 6.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 2, 2024. The Market Composite Index, a measure of mortgage loan application volume, increased 6.9 percent on a seasonally adjusted basis from one week earlier.
Financial advisors view the market correction as a normal course of events and a good buying opportunity. “Market volatility is my best friend,” one advisor said. “This is an opportunity to show clients why they pay us a fee, to navigate difficult times with a rock steady approach.
Top clicks this week Are small caps cheap for a reason? (awealthofcommonsense.com) A look at the valuation of the S&P 490. (disciplinefunds.com) Bonds are doing okay in 2024, except for long duration. (capitalspectator.com) How major asset classes performed in July 2024. (capitalspectator.com) Commodities are back down to their lows of the year.
This week, we speak with Meir Statman , the Glenn Klimek Professor of Finance at Santa Clara University. Named one of the 25 most influential people by Investment Advisor, his breakthrough book, “ What Investors Really Want , ” changed how we view investor motivations. Statman is a member of the advisory board of the Journal of Portfolio Management, the Journal of Wealth Management, the Journal of Retirement, the Journal of Investment Consulting and the Journal of Behavioral and Exp
Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
From Dodge Data Analytics: Dodge Momentum Index Expands Another 8% in July The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 7.9% in July to 216.3 (2000=100) from the revised June reading of 200.5. Over the month, commercial planning increased 6.8% and institutional planning expanded 11.1%. “While data centers have had an outsized influence on nonresidential planning activity in recent months, more momentum is building across many other major sectors and diversifyin
Markets This proposed ETF filing top ticked the market. (allstarcharts.com) Has the tech momentum trade fully unwound yet? (ft.com) Strategy Forecasting interest rates is just as hard as forecasting the stock market. (awealthofcommonsense.com) The stock market has always found a group of stocks that fit a 'new paradigm.' (alphaarchitect.com) Bitcoin A “strategic bitcoin reserve” is an absurd idea.
Markets This proposed ETF filing top ticked the market. (allstarcharts.com) Has the tech momentum trade fully unwound yet? (ft.com) Strategy Forecasting interest rates is just as hard as forecasting the stock market. (awealthofcommonsense.com) The stock market has always found a group of stocks that fit a 'new paradigm.' (alphaarchitect.com) Bitcoin A “strategic bitcoin reserve” is an absurd idea.
Boy that escalated quickly. Markets sold off in a hurry this week. The S&P 500 is down almost 6% from the recent highs. The Nasdaq 100 is in an 11% drawdown. After an extremely calm year, the past week or so has finally seen some volatility in the stock market. Here’s the thing — it’s what happened before this that was not normal: This really cool chart came out a couple of weeks ago (via Sherwood).
From the Federal Reserve: The July 2024 Senior Loan Officer Opinion Survey on Bank Lending Practices The July 2024 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 second quarter of 2024.
Business Logan Bartlett talks with Dara Khosrowshai, CEO of Uber ($UBER). (podcasts.apple.com) Shane Parrish talks with Brian Halligan, founder and former CEO of HubSpot. (fs.blog) Patrick O'Shaughnessy talks AI and more with Sarah Guo is the founder and CEO of Conviction. (joincolossus.com) Trading Ted Seides talks trading with Todd Simkin is an Associate Director at Susquehanna International Group.
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
Houston, We Have Turbulence The S&P 500 fell 2.0% last week, declining for the third consecutive week, but unlike the past few weeks, this time the selling was across the board. Economic data last week showed the economy slowing more than expected, adding to worries about a potential recession. We still think a recession can be avoided, but risks have increased.
From the NY Fed: Household Debt Increased Moderately in Q2 2024; Auto and Credit Card Delinquency Rates Remain Elevated The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The report shows total household debt increased by $109 billion (0.6%) in Q2 2024, to $17.80 trillion.
Markets Bryce Elder, "The “long Japanese equities/short yen” trade worked until it didn’t." (ft.com) Market sentiment got way too bullish. (allstarcharts.com) Strategy There's always a (different) reason to sell. (theirrelevantinvestor.com) Investors need to plan for down markets. (awealthofcommonsense.com) If you sell stocks, you have to decide when to get back in.
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.
Over the past few decades, financial advisors have explored new ways to structure, build, and grow successful businesses alongside a growing acceptance that "successful business" can be defined in many different ways. Nevertheless, while firm owners have a variety of options available for structuring and building their businesses, the reality is that they can only prioritize a limited number of goals at one time, which then begs the question – how can firm owners navigate the options of wo
Altos reports that active single-family inventory was up 1.0% week-over-week. Inventory is now up 38.4% from the February seasonal bottom. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of August 2nd, inventory was at 684 thousand (7-day average), compared to 677 thousand the prior week. This is the highest level of inventory since June 2020 ; however, inventory is still far below pre-pandemic levels.
In recent earnings calls, both alternative asset managers provided updates on their respective products as they plan to enter an increasingly crowded playing field.
Retail Using LLMs to identify retail trader strategies. (papers.ssrn.com) A look at the value, or lack thereof, of WallStreetBets stock picks. (alphaarchitect.com) Analysts Why are all-start investment analysts influential? (papers.ssrn.com) Can LLMs replace the average human analyst? (wsj.com) Institutional investors How institutional investors want to consume content.
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.
Welcome everyone! Welcome to the 397th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jaime Benedetti. Jaime is the Managing Principal of Benedetti, Gucer, and Associates and BEAM Wealth Advisors, hybrid advisory firms based in Atlanta, Georgia, and Covington, Louisiana that oversee a total of $1.2 billion in assets under management for approximately 900 client households.
Here is another monthly update on lumber prices. SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16, 2023. I switched to a physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long term price comparisons since the new contract was priced about 24% higher than the old random length contract for the period when both contracts were available.
New GenAI-driven technologies can help wealth management firms enhance their customer understanding, streamline operations and deliver more personalized and effective services.
Podcasts Carl Richards talks with Meb Faber about what really matters. (podcasts.apple.com) Peter Lazaroff talks alts with Phil Huber, author of "The Allocator’s Edge: A Modern Guide to Alternative Investments and the Future of Diversification." (peterlazaroff.com) Barry Ritholtz talks with Dave Nadig about whether there is a wrong way to invest. (ritholtz.com) Dan Haylett talks true wealth with author Ken Honda.
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.
Welcome to the August 2024 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 Orion and Riskalyze have both announced that they are "unbundling" several key components of their previously all-in-one offerings, highlighting how, after more than a decade and hundreds of millions
Notes: This CoreLogic House Price Index report is for June. The recent Case-Shiller index release was for May. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic: Annual US Home Price Growth Below 5% for Second Consecutive Month as June Home Prices Cool • U.S. home prices posted a 4.7% year-over-year gain in June, with only one state posting double-digit gains. • By summer 2025, prices are predicted to slow to 2.3% as home price gr
Bonds The 10-year Treasury yield dropped 40bp this week. (honest-broker.com) Are bonds finally done going down? (allstarcharts.com) On the differences between individual bonds and bond funds. (humbledollar.com) Why the Fed should be buying mortgage bonds. (awealthofcommonsense.com) Companies Berkshire Hathaway ($BRK.A) has sold down a big slug of Apple ($AAPL) stock in favor of cash.
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.
Multiple jobholders account for 5.2% of civilian employment. The survey captures data for four subcategories of the multi-job workforce, the relative sizes of which we've illustrated in a pie chart.
This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the July 2024 seasonally adjusted annual sales rate (SAAR) of 485 thousand. Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019.
Markets A bear market need not a recession make. (axios.com) Not many stocks are making new lows. (allstarcharts.com) Strategy It's easier to deal with market volatility in theory than in practice. (behaviouralinvestment.com) ESG investing has gotten a bad rap, but there is something there for analysts. (flyoverstocks.com) Good trading rules don't go out of style.
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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