Abnormal Returns
SEPTEMBER 29, 2023
The biz Google ($GOOGL) is sunsetting Google Podcasts in favor of YouTube Music. (techcrunch.com) Apple ($AAPL) Podcasts now pulls in more content from associated apps. (theverge.com) Spotify ($SPOT) wants to translate podcasts into different languages using the host's voice. (theverge.com) A profile of the guys behind the popular ‘Tooth and Claw’ podcast.
The Reformed Broker
SEPTEMBER 29, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Perth Tolle, Gunjan Banerji, and Downtown Josh Brown discuss Amazon’s antitrust issues, a coming secular rotation in equities, investing in emerging markets and China, meme stocks are back, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Abnormal Returns
SEPTEMBER 29, 2023
Rates (Rising) interest rates are driving everything these days. (allstarcharts.com) Despite recent losses, investors are pouring money into bond funds. (theirrelevantinvestor.com) Strategy Everything lined up against the stock market in September. (carsongroup.com) Cash is an actual hedge against stock market declines. (priceactionlab.com) Companies Brian Barrett, "Amazon is now less of a store than a mall, or maybe a sprawling bazaar.
Nerd's Eye View
SEPTEMBER 29, 2023
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that RIA custodial platform Altruist announced that it is offering its portfolio accounting software for free to advisors who custody with the firm, offering the opportunity to advisory firms to reduce the costs of their tech stacks and perhaps presaging competition among custodians to offer more software capabilities for their advisory firm clients!
Advertisement
Financial institutions continue to look to quantify the impact of new technologies. Meanwhile, business lending technologies have grown more popular in the industry. However, understanding the impact of said technologies means understanding how to increase your revenue while decreasing your costs. This is key for the growth of your organization. Biz2X created this eBook to analyze the ROI of business lending platforms and learn about the short-term and long-term benefits of said platforms.
The Big Picture
SEPTEMBER 29, 2023
Before your week ends and you head out for door, I had to share a new paper from St. Louis Fed. The title: Can Economists Predict Recessions? Short answer: Maybe a quarter ahead (but not always). Beyond that short time frame, it’s simply too variable: “These questions have taken on particular importance recently. In the past four quarters, economic forecasters have, on average, predicted a 42% probability of a contraction in the U.S. economy in the next quarter, according to the Survey of
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
SEPTEMBER 29, 2023
Also, Vise introduces AI-powered workflow; SEI updates portal, tools; a new report finds that API security incidents are rising in financial services and more.
Calculated Risk
SEPTEMBER 29, 2023
Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single-Family Mortgage Delinquency Rate Declined, Multi-Family Increased in August Brief excerpt: I’ve argued that there would not be a huge wave of single-family foreclosures this cycle since lending standards have been solid and most homeowners have substantial equity. That means we will not see cascading price declines like following the housing bubble.
Wealth Management
SEPTEMBER 29, 2023
The accusations against five of the firm’s broker/dealers arrives several months after FINRA barred the firm from the industry for numerous alleged violations, including against the SEC's Regulation Best Interest rule.
Advisor Perspectives
SEPTEMBER 29, 2023
The latest Chicago Purchasing Manager's Index (Chicago Business Barometer) fell to 44.1 in September from 48.7 in August. The latest reading is worse than the 47.6 forecast and marks the 13th straight month in contraction territory.
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.
Wealth Management
SEPTEMBER 29, 2023
Bruno, the managing director of WealthManagement.com, is moving on to a new role with Emigrant Partners.
Calculated Risk
SEPTEMBER 29, 2023
Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through July 2023. CPI Shelter was up 7.2% year-over-year in August, down from 7.7% in July, and down from the cycle peak of 8.2% in March 2023. Housing (PCE) was up 7.4% YoY in August , down from 7.7% in July, and down from the cycle peak of 8.3% in April 2023.
Advisor Perspectives
SEPTEMBER 29, 2023
The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of September 15th, the index was at 9.655, up 2.343 from the previous week.
Wealth Management
SEPTEMBER 29, 2023
Certain positions are too be eliminated across the company, while certain units were asked to name 25% of their staffs for possible layoffs.
Advertisement
Generative AI (Artificial Intelligence) is poised to revolutionize the world of business lending. By understanding the impact and possibilities of Generative AI in business lending, banks can stay ahead of the curve and make informed decisions. Generative AI has the potential to revolutionize how lenders make credit decisions, automate loan processes, and provide personalized customer experiences.
Advisor Perspectives
SEPTEMBER 29, 2023
The BEA's Personal Income and Outlays report revealed inflation slowed in August. Core PCE, the Fed's favored measure of inflation, was up 0.1% from July and slowed to 3.9% year-over-year, the lowest reading in over two years but still above the Fed's 2% target rate.
Calculated Risk
SEPTEMBER 29, 2023
From STR: U.S. hotel results for week ending 23 September U.S. hotel performance increased from the previous week, according to CoStar’s latest data through 23 September. 17-23 September 2023 (percentage change from comparable week in 2022): • Occupancy: 68.5% (-1.6%) • Average daily rate (ADR): US$164.97 (+2.9%) • Revenue per available room (RevPAR): US$112.96 (+1.2%) emphasis added The following graph shows the seasonal pattern for the hotel occupancy rate using the four-week average.
Advisor Perspectives
SEPTEMBER 29, 2023
With the release of August's report on personal incomes and outlays, we can now take a closer look at "real" disposable personal income per capita. At two decimal places, the nominal 0.18% month-over-month change in disposable income comes to -0.21% when we adjust for inflation. The year-over-year metrics are 6.76% nominal and 3.17% real.
Calculated Risk
SEPTEMBER 29, 2023
From BofA: Overall, the data flow since our last weekly lowered our 3Q US GDP tracking estimate by a tenth to 2.8%. [Sept 29th estimate] emphasis added From Goldman: The foreign trade details of this morning’s report were stronger than our previous assumptions, and we boosted our Q3 GDP tracking estimate by 0.3pp to +3.5% (qoq ar). We left our domestic final sales growth forecast unchanged on a rounded basis at +2.6%.
Advertisement
Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!
Advisor Perspectives
SEPTEMBER 29, 2023
Personal income ( excluding transfer receipts ) rose 0.5% in August and is up 5.3% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.1% month-over-month and 1.7% year-over-year.
Trade Brains
SEPTEMBER 29, 2023
It’s quite surprising that the Afghani, Afghanistan’s currency, became the world’s best and came to the top of global rankings in the September quarter. This is happening in a country with 79% of the population living in poverty, widespread unemployment, two-thirds of households struggling to afford basic items, 44% of people not having enough food to eat, inflation has turned into deflation, and one of the world’s worst human rights records.
Advisor Perspectives
SEPTEMBER 29, 2023
The September final report for the Michigan Consumer Sentiment Index came in at 68.1, down 1.4 (-2.0%) from the August final. This morning's reading was above the forecast of 67.7. Since its beginning in 1978, consumer sentiment is 20.0% below its average reading (arithmetic mean) of 85.1 and 18.9% below its geometric mean of 84.0.
Trade Brains
SEPTEMBER 29, 2023
Karnika Industries IPO Review : Karnika Industries Limited is coming up with its Initial Public Offering. This is an SME (small and medium size enterprise) which is going to be listed on NSE SME. The IPO will open for subscription 29th September 2023, and closes on 4th October 2023. This article will provide a comprehensive review of the IPO, including an in-depth analysis of the company’s financials, as well as the strengths and weaknesses of karnika industries.
Advertisement
Digital transformation is a key component in improving the customer experience in an ever-changing landscape. Digital transformation in account opening is the integration of streamlined processes to enhance the customer journey. This is a great way for banks to stay competitive, as they can offer an improved experience that leads to higher customer satisfaction.
Advisor Perspectives
SEPTEMBER 29, 2023
Valid until the market close on October 31, 2023 The S&P 500 closed September with a monthly loss of 4.93%, after a loss of 1.71% in August. At this point, after close on the last day of the month, three of five Ivy portfolio ETFs — Vanguard FTSE All-World ex-US Index Fund (VEU), iShares 7-10 Year Treasury Bond ETF (IEF) and Vanguard Real Estate ETF (VNQ)— are signaling "cash", up from last month's double "cash" signal.
Wealth Management
SEPTEMBER 29, 2023
Congress completes its first acquisition since CI Financial sold a minority stake to Audax, two Indiana firms merge to create $750 million AUM Wellington Wealth and a 10-person team leaves Ameriprise for OneSeven.
Advisor Perspectives
SEPTEMBER 29, 2023
The S&P 500 fell for a fourth consecutive week, leading to the worst monthly loss of the year. The index is currently up 12.13% year to date and is 10.60% below its record close from January 3, 2022.
Wealth Management
SEPTEMBER 29, 2023
The firms, ranging from broker/dealers and dual registrants to affiliated investment advisors, include Interactive Brokers, Nuveen Securities and Baird, among others, and are similar to 2022 charges against Wall Street firms resulting in $1.1 billion in collective penalties.
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.
Alpha Architect
SEPTEMBER 29, 2023
While ESG investors can express their values through their investments, they should expect lower returns from their portfolios—though they also will be taking less investment risk. ESG Preferences Negatively Affecting Market Efficiency was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Carson Wealth
SEPTEMBER 29, 2023
Good riddance to August and September (at least, investing-wise). Will the bull come back when September ends? Carson Group’s Chief Market Strategist Ryan Detrick and VP, Global Macro Strategist Sonu Varghese discuss the latest news in markets and investing. Highlights include: • What could spark a market rally for the fourth quarter? • What should investors expect from the Fed over the next few months?
FMG
SEPTEMBER 29, 2023
When trying to stand out from the competition as an advisor, there are different approaches you can take to set yourself apart. In our digital marketing survey from 2019, we found that roughly 50% of advisors who reported receiving 6-10 or 11+ or more clients per year included an “As Seen On” section on their site. In our case, this includes logos of the publication appearances they’ve been featured in.
Expert insights. Personalized for you.
175 
Let's personalize your content