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Sunday links: policy blunders

Abnormal Returns

Markets A lot of stock market indices are sitting at all-time highs. wsj.com) Revolut now has a UK banking license. nytimes.com) The number of Americans earning the minimum wage keeps shrinking. allstarcharts.com) It's not just the U.S. that is seeing fewer publicly traded companies. wsj.com) In praise of the public pool.

License 289
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Sunday links: too many theories

Abnormal Returns

institutionalinvestor.com) Amazon Amazon ($AMZN) is increasing the number of same-day shipping options. npr.org) Occupational licensing is out of control. theatlantic.com) Economy Menzie Chinn, "Strong labor market, spending and income numbers all suggest no recession in place yet."

Ethics 243
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The Latest In Financial #AdvisorTech (June 2023)

Nerd's Eye View

This month's edition kicks off with the news that Riskalyze has completed its previously-announced rebranding, and will now be known as “Nitrogen”, a ”growth platform” for advisory firms – which represents less of a shift in the platform’s core function (given that Riskalyze’s risk tolerance tool was always (..)

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10 Monday AM Reads

The Big Picture

Barron’s ) • The Bear Market’s Survivors Share Their Biggest Lessons : With the S&P 500 in the longest bear market since 1973, individual investors maneuver differently from just months ago. The Federal Reserve is struggling to cool inflation further without damaging the economy. The easy part is over.

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Weekend Reading For Financial Planners (June 10-11)

Nerd's Eye View

And given the opaque nature of many private investments, financial advisors could play an important role in helping their clients assess whether these opportunities make sense for their portfolio and broader financial plan.

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CFP Board’s Fee Increase For Workforce Development: More Advisors Or Just More Sales Churn?

Nerd's Eye View

The added complication is that, while this structure of hiring a large number of new advisor recruits with a high level of churn results in a high volume of aspiring planners potentially leaving the industry altogether, it is quite profitable for the insurance companies and broker-dealers themselves.

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: New York increases the number of conditional adult-use retail dispensary licenses to 300 from 150

MarketWatch

The New York State Office of Cannabis Management on Thursday said it’s increasing the number of conditional adult-use retail dispensary licenses to 300 from 150. At last check, the state has issued 66 provisional conditional adult-use retail dispensary (CAURD) licenses and four dispensaries have opened.

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