The Big Picture
SEPTEMBER 6, 2022
So, it was just Labor Day Weekend, and while we all should be out NOT laboring, I spent part of the long holiday weekend thinking about a few of my favorite FRED charts. Rather than include all of my favorites, I set a challenge for myself: Limit the list to the three most telling charts: U3 Unemployment Rate : When has unemployment been lower than today?
The Reformed Broker
SEPTEMBER 4, 2022
Happy Labor Day Weekend! We did some amazing stuff on the blogs and podcasts this week. Volatile markets really bring the best out in our writers. Hope you’ve been checking out Ben’s blog, Nick’s blog, Animal Spirits, Portfolio Rescue and all the rest this summer. I think we’re balancing a dose of realism about the current situation with plenty of constructive commentary and some optimism about the.
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Nerd's Eye View
SEPTEMBER 6, 2022
Welcome back to the 297th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Andy Panko. Andy is the owner of Tenon Financial, a virtual independent RIA that oversees $70 million in assets under management for 43 retired client households. What's unique about Andy, though, is how, shortly after launching his practice, he created a Facebook group so that he could share his expertise directly with the types of clients he wanted to serve… which unexpectedly beca
Abnormal Returns
SEPTEMBER 7, 2022
Retirement Dror Poleg, "Telling people you're retired gives you a legitimate, socially-acceptable identity. Saying you're unemployed doesn't." (drorpoleg.com) Jim, "Early retirement shouldn’t just be defined as a solution for those who dislike their jobs." (routetoretire.com) Mortgages Higher mortgage rates no longer make paying off a mortgage early a no-brainer.
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The Big Picture
SEPTEMBER 3, 2022
This week, we speak with Lynn Martin , President of the NYSE , which is part of the Intercontinental Exchange. NYSE is the world’s largest stock exchange, with 2,400 listed companies and a combined market cap of ~$36 trillion dollars. She began her career at IBM in its Global Services. We discuss the IPO process and how many companies go public, primarily to raise capital and create liquidity.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Nerd's Eye View
SEPTEMBER 9, 2022
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that as Millennials grow their wealth, they could be increasingly turning to financial advisors for guidance. But amid competition from large asset managers and broker-dealers, advisors can consider how they can shape their service offerings and fee structures to attract Millennials and build client relationships that could last for decades to come.
Abnormal Returns
SEPTEMBER 5, 2022
Podcasts Michael Kitces talks with Ed Coambs who is the founder of Healthy Love & Money, a financial therapy practice. (kitces.com) Eric Balchunas and Joel Weber talk with Patrick O'Shaughnessy about the case for custom indexing. (bloomberg.com) Daniel Crosby talks "all duration investing" with Cullen Roche who is the Founder and Chief Investment Officer of Discipline Funds.
The Big Picture
SEPTEMBER 8, 2022
Barry Ritholtz, Ritholtz Wealth Management Chairman & CIO and “Masters in Business” Bloomberg Radio & Podcast Host, discusses global shocks impacting market volatility (Source: Bloomberg). Hard for an Individual to Beat the Collective. Source: Bloomberg. The post Tough to Beat the Market appeared first on The Big Picture.
Pragmatic Capitalism
SEPTEMBER 9, 2022
Here’s a new 3 Minute Money. In this video I discuss the implications of the surging US Dollar: Why is the USD surging despite rising inflation? What does this signal [ … ].
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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.
Nerd's Eye View
SEPTEMBER 5, 2022
Welcome to the September 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 VRGL (pronounced “Virgil”) has raised a $15M Series A round to scale up its tool that can scan investment account statements and automatically extract the available information about th
Abnormal Returns
SEPTEMBER 9, 2022
Business Patrick O'Shaughnessy talks with Jay Goldberg about the rise of AMD ($AMD). (joincolossus.com) Benjamin Gilbert and David Rosenthal talk about the history of Amazon Web Services. (acquired.fm) Ali Griswold talks with Eliot Brown, co-author of "The Cult of We: WeWork and the Great Startup Delusion." (oversharing.substack.com) Tom Dotan and Eric Newcomer talk with Mark Bergen author of "Like, Comment, Subscribe: Inside YouTube’s Chaotic Rise to World Domination.
The Big Picture
SEPTEMBER 7, 2022
?. The transcript from this week’s, MiB: Lynn Martin, President of the NYSE , is below. You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , and Acast. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~. BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: I’m Barry Ritholtz.
The Reformed Broker
SEPTEMBER 9, 2022
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Brian Belski, and Downtown Josh Brown discuss the earnings outlook, multiple compression, the labor market, odds of a recession, the next rate hike, permabears, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!
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.
Nerd's Eye View
SEPTEMBER 8, 2022
For many financial advisors, the most valuable part of what they offer comes down to the financial advice that they give, whether it be the expert guidance they give to a certain niche or a unique point of view that presents unique insights to an individual client. However, the advice given to clients is not always the only useful offering provided, as the process through which financial advisors deliver their advice can also be an important part of their value proposition.
Abnormal Returns
SEPTEMBER 6, 2022
Fund selection Using maximum drawdown as a fund selection tool. (advisorperspectives.com) How do Morningstar's ($MORN) star ratings work in practice? (riabiz.com) The performance of active equity mutual fund managers continues to degrade. (morningstar.com) ETFs Sector ETFs by and large underperform the broad market. (papers.ssrn.com) ETF issuers need to have a strong online presence.
The Big Picture
SEPTEMBER 3, 2022
The weekend is here! Pour yourself a mug of Bean Box coffee, grab a seat on the beach, and get ready for our longer-form weekend reads: • Americans are terrible at taking vacations. Why are U.S. workers so bad at taking time off? U.S. companies are stingy with vacation time when compared with other countries. But U.S. workers can’t seem to leave work at work anyway. ( Grid ). • In Seattle, It’s Almost Normal : The pandemic may have left some gaps in the urban fabric, but a neighborhood-by-neigh
The Reformed Broker
SEPTEMBER 6, 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: ?Sources of Return – “Corporate profits and sources of total return” ?Worst Year Ever – The 60/40 portfolio is on pace for its worst year since 1936. ?
Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC
In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.
Good Financial Cents
SEPTEMBER 7, 2022
While investing for the long haul is the best way to build long-term wealth, there are situations where what you really need is the ability to earn money within a day or a few hours. Maybe you need to fill up your gas tank so you can get to work, or perhaps you have bills that need to be paid before your next check comes in. Either way, it’s easy to stress over making ends meet when your bank balance is teetering dangerously close to $0.
Abnormal Returns
SEPTEMBER 4, 2022
Top clicks this week The S&P 500 has been below its 200 day moving average for awhile now. (theirrelevantinvestor.com) The S&P 500 was unable to breach the 200 day moving average. (thereformedbroker.com) Investors can now get non-zero yields on risk-free assets. (awealthofcommonsense.com) Some drama at Goldman Sachs ($GS). (nypost.com) People who get out of the market have a hard time getting back in.
The Big Picture
SEPTEMBER 7, 2022
My mid-week morning train WFH reads: • Interest Rates vs. Inflation The average yields savers earned in the 1980s were higher than inflation, including education, healthcare and housing prices. Average yields remained above healing CPI numbers throughout the 1990s and 2000s. ( A Wealth of Common Sense ) see also Your guide to ‘good news is bad news’ and ‘bad news is good news’ High inflation has made for unusual times. ( TKer ). • The Obscure Economist Silicon Valley Bi
The Reformed Broker
SEPTEMBER 6, 2022
Citi downgrades FedEx to neutral as near-term outlook grows murky from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
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Calculated Risk
SEPTEMBER 9, 2022
The Federal Reserve released the Q2 2022 Flow of Funds report today: Financial Accounts of the United States. The net worth of households and nonprofits fell to $143.8 trillion during the second quarter of 2022. The value of directly and indirectly held corporate equities decreased $7.7 trillion and the value of real estate increased $1.4 trillion. Household debt increased 7.4 percent at an annual rate in the second quarter of 2022.
Abnormal Returns
SEPTEMBER 9, 2022
Markets Economic data is not providing much support for the bears. (theirrelevantinvestor.com) Investing for deflation is simple. Investing for inflation not so much. (morningstar.com) Crypto The future of cryptocurrency depends on regulation. (theatlantic.com) Galaxy Digital Holdings is trying to come back from the Terra/Luna debacle. (institutionalinvestor.com) FTX Ventures is investing in Anthony Scaramucci's SkyBridge Capital.
The Big Picture
SEPTEMBER 9, 2022
Introduced at the 1966 Turin Motor Show, the Ghibli was styled by Giorgetto Giugiaro with Carrozzeria Ghia. Dual air vents in its hood, chrome fender vent spears, and what looks like the longest bonnet ever made created a unique design for this Maserati V8 grand tourer. American magazine Sports Car International named it number 9 on its list of Top Sports Cars of the 1960s.
The Reformed Broker
SEPTEMBER 8, 2022
Final Trades: Mativ, Air Products, Volkswagen & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
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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.
A Wealth of Common Sense
SEPTEMBER 5, 2022
According to Bill Bryson, the visible universe is a million million million million miles across. That’s a 1 with 24 zeroes after it (1,000,000,000,000,000,000,000,000). That sounds rather large. But the universe beyond what we can see is even harder to comprehend: The number of light years to the edge of this larger, unseen universe would be written not “with ten zeroes, not even with a hundred, but with million.
Abnormal Returns
SEPTEMBER 8, 2022
Books An excerpt from "Survival of the Richest: Escape Fantasies of the Tech Billionaires" by Douglas Rushkoff. (theguardian.com) An excerpt from "Birds and Us: A 12,000-Year History From Cave Art to Conservation" by Tim Birkhead. (smithsonianmag.com) Environment The battle over access to Colorado's rivers is getting heated. (nytimes.com) Hunting invasive species is increasingly a sport.
The Big Picture
SEPTEMBER 5, 2022
It’s Labor Day, the unofficial end of Summer. Ease off with our special 3-day weekend reads: • Enough, Bosses Say: This Fall, It Really Is Time to Get Back to the Office* After more than two years, corporate leaders say time is up on avoiding in-person work. ( Wall Street Journal ). • A Job Market Anomaly Begins to Correct : After diverging for awhile, business and household surveys of employment are headed in the same direction again: Up. ( Bloomberg ) see also The Labor Shortage Will Get
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