Carson Wealth

MARCH 27, 2023

Recent sentiment polls show a high number of bears while worries about the economy and earnings continue to expand. Think back to March 2003, March 2009, and March 2020. The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financial services.

Marketing 52

Marketing Marketing Banking Economics 52

The Big Picture

MAY 30, 2023

And he’s really moving the needle in terms of having people take control of their own financial life in a way that benefits not just them but the entire economy and all of society. Import, export, finance, marketing, wholesale, retail, customer service, security, territory, logistics. These are not dumb people.

Banking 147

Banking Economics Business Planning Economy 147

Carson Wealth

MAY 22, 2023

As we explain more below, the economy is presenting many positive signs that suggest a recession is unlikely, and stocks likely are sniffing this out. Residential investment makes up under 5% of the economy , but it’s been a drag on economic growth for eight straight quarters. The housing market is showing signs of recovery.

Marketing 52

Marketing Marketing Economy Economics 52

Carson Wealth

MARCH 20, 2023

March hit major lows in 2003, 2009, and 2020, amidst negative headlines and sentiment. S&P 500 – A capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.

Banking 52

Banking Marketing Marketing Compliance 52

Brown Advisory

MARCH 13, 2018

From a longer-term perspective, stocks rose from 2009 until this recent correction with only a few setbacks along the way. increase in the average hourly wage rate, the fastest rise in that rate since 2009. (It On that question, the economy is sending somewhat mixed signals. 2, the U.S. Department of Labor reported a 2.9%

Investing 52

Investing Investments Economy Assets 52

Brown Advisory

MARCH 13, 2018

From a longer-term perspective, stocks rose from 2009 until this recent correction with only a few setbacks along the way. increase in the average hourly wage rate, the fastest rise in that rate since 2009. (It On that question, the economy is sending somewhat mixed signals. 2, the U.S. Department of Labor reported a 2.9%

Investing 52

Investing Investments Economy Assets 52

Brown Advisory

AUGUST 25, 2017

billion in revenue in 1997 to nearly $30 billion today, is larger than its next 10 competitors put together, and most important to us, produced ROIC of over 20% each year in the past decade, apart from 2009. FCF yield is a measure of financial performance calculated as operating cash flow minus capital expenditures.

Management 52

Management Valuation Financial Services Investments 52

Brown Advisory

AUGUST 25, 2017

billion in revenue in 1997 to nearly $30 billion today, is larger than its next 10 competitors put together, and most important to us, produced ROIC of over 20% each year in the past decade, apart from 2009. FCF yield is a measure of financial performance calculated as operating cash flow minus capital expenditures.

Management 52

Management Valuation Financial Services Investments 52

Brown Advisory

SEPTEMBER 19, 2023

This means that an overwhelming majority have withstood the early 2000s recession in developed markets, the 2008 to 2009 Global Financial Crisis, and the Covid-19 global pandemic. ROIC calculations presented use LFY (last fiscal year) and exclude financial services. Others such as U.S.

Portfolio 52

Portfolio Investments Investing Financial Services 52

Brown Advisory

SEPTEMBER 19, 2023

This means that an overwhelming majority have withstood the early 2000s recession in developed markets, the 2008 to 2009 Global Financial Crisis, and the Covid-19 global pandemic. ROIC calculations presented use LFY (last fiscal year) and exclude financial services. Others such as U.S.

Portfolio 52

Portfolio Investments Investing Financial Services 52

Brown Advisory

SEPTEMBER 21, 2022

This means that an overwhelming majority have withstood the early 2000s recession in developed markets, the 2008 to 2009 Global Financial Crisis, and the Covid-19 global pandemic. ROIC calculations presented use LFY (last fiscal year) and exclude financial services. Others such as U.S.

Portfolio 52

Portfolio Manufacturing Investments Investing 52

Brown Advisory

SEPTEMBER 21, 2022

This means that an overwhelming majority have withstood the early 2000s recession in developed markets, the 2008 to 2009 Global Financial Crisis, and the Covid-19 global pandemic. ROIC calculations presented use LFY (last fiscal year) and exclude financial services. Others such as U.S.

Portfolio 52

Portfolio Manufacturing Investments Investing 52

The Better Letter

APRIL 29, 2022

The latest capacity utilization number may become a helpful piece of the economic puzzle, but it is highly unlikely to suggest any major change in the economy. Indeed, nearly everything that gets a lot of attention in the financial services business today is focused upon faster and phonier. Few bloggers did either.

Media 52

Media Advertising Accounting Management 52

Brown Advisory

AUGUST 8, 2018

In the multiyear bull market we’ve experienced since 2009, shareholders perceive these situations as persistently mediocre. Criteria evaluated include market capitalization, financial viability, liquidity, public float, sector representation and corporate structure. Struggling under their own weight.

Assets 52

Assets Clients Valuation Education 52

The Big Picture

SEPTEMBER 10, 2024

I mean, being in the, in the investment business, being in, in the financial services business, it’s, it’s a constant, you know, evolution. 2009, 10 in that role. I mean, if you take out the government spending, you probably are on a recession in a private economy. Do you want to be in this business?

Valuation 162

Valuation Clients Investing Investments 162

Brown Advisory

SEPTEMBER 12, 2016

They focus largely on industries that have low environmental footprints, including technology and financial services companies. Criteria evaluated include: market capitalization, financial viability, liquidity, public float, sector representation, and corporate structure. An index constituent must also be considered a U.S.

Food 52

Food Executive Compensation Portfolio Management Valuation 52

Brown Advisory

SEPTEMBER 12, 2016

They focus largely on industries that have low environmental footprints, including technology and financial services companies. Criteria evaluated include: market capitalization, financial viability, liquidity, public float, sector representation, and corporate structure. An index constituent must also be considered a U.S.

Food 52

Food Executive Compensation Portfolio Management Valuation 52

Brown Advisory

JULY 19, 2017

and global economies have managed to eke out decent performance in recent years but have yet to re-establish their pre-crisis growth levels. The notable exception is the period between 2000 and 2009, a decade that contained not just one, but two of the biggest market crashes since the Great Depression.) Valuations of the U.S.

Investing 52

Investing Investments Portfolio Clients 52

Brown Advisory

JULY 19, 2017

and global economies have managed to eke out decent performance in recent years but have yet to re-establish their pre-crisis growth levels. The notable exception is the period between 2000 and 2009, a decade that contained not just one, but two of the biggest market crashes since the Great Depression.) Valuations of the U.S.

Investing 52

Investing Investments Portfolio Clients 52

Brown Advisory

MARCH 30, 2020

The background liquidity conditions for capital markets have changed substantively since the 2008-09 financial crisis, and to some extent these changes have contributed to the liquidity crunch in various segments of the market in the wake of the coronavirus outbreak. The S&P 500® Index represents the large-cap segment of the U.S.

Management 52

Management Marketing Marketing Clients 52

Brown Advisory

MARCH 30, 2020

The background liquidity conditions for capital markets have changed substantively since the 2008-09 financial crisis, and to some extent these changes have contributed to the liquidity crunch in various segments of the market in the wake of the coronavirus outbreak. The S&P 500® Index represents the large-cap segment of the U.S.

Management 52

Management Marketing Marketing Clients 52

Brown Advisory

JUNE 21, 2017

Exhibit 1 at right illustrates this pattern; for example, it shows clearly how the relative performance of active managers has slipped during the bull market that started in 2009. Criteria evaluated include market capitalization, financial viability, liquidity, public float, sector representation and corporate structure.

Investing 52

Investing Investments Portfolio Management 52

Brown Advisory

JUNE 21, 2017

Exhibit 1 at right illustrates this pattern; for example, it shows clearly how the relative performance of active managers has slipped during the bull market that started in 2009. Criteria evaluated include market capitalization, financial viability, liquidity, public float, sector representation and corporate structure.

Investing 52

Investing Investments Portfolio Management 52

The Big Picture

OCTOBER 24, 2022

We talk about everything from when do you think about risk, how do you diversify a portfolio, at what point do you really have to rethink the fundamentals of what’s going on in the economy and the marketplace? And it began outside of financial services. RITHOLTZ: It’s not March 2009. So that’s good.

Portfolio 130

Portfolio Management Assets Investing 130

Brown Advisory

SEPTEMBER 11, 2016

Looking ahead, for our base-case scenario we see inflation remaining moderate and most major economies continuing to grow at a modest pace. Market jitters increased in mid-2015 amid signs that growth was slowing in large economies—most significantly, China. Declining productivity among advanced economies has weakened global growth.

Economics 52

Economics Economy Communication Banking 52

Brown Advisory

SEPTEMBER 11, 2016

Looking ahead, for our base-case scenario we see inflation remaining moderate and most major economies continuing to grow at a modest pace. Market jitters increased in mid-2015 amid signs that growth was slowing in large economies—most significantly, China. Declining productivity among advanced economies has weakened global growth.

Economics 52

Economics Economy Communication Banking 52

The Big Picture

SEPTEMBER 5, 2023

I don’t care whether the economy is strong or weak, it’s not going to be the same. The focus seems to be on other institutions that create employment like healthcare, medical, tech, medical type services. There’s been a lot of emphasis on sort of competing with New York, bringing financial services there.

Sales 130

Sales Numbers Taxes Marketing 130

The Big Picture

JULY 18, 2023

The worst the economy is. Why Bubbles Are Great for the Economy” and his thesis is, yeah, let the VC spend all the money laying this fiber. We did really well in a relative basis in 2008 and exceptionally well in 2009. RITHOLTZ: That’s your glory days, right? So I had a lot of job security. Our employees are there.

Investing 130

Investing Investments Assets Insurance 130

The Better Letter

JANUARY 26, 2024

In 1999, just before the Great Financial Crisis and a huge market drop, he wrote The Roaring 2000s: Building the Wealth and Lifestyle You Desire in the Greatest Boom in History. The DJIA closed 1999 at 11,497 and 2009 at 10,428. At the GFC bottom, March 9, 2009, the Dow traded at 6,547. So, he missed it by a mile.

Assets 104

Assets Valuation Management Marketing 104

Carson Wealth

JUNE 3, 2024

In fact, the past three times May gained at least 5% the rest of year added 14.4% (1997), 15.4% (2003), and 21.3% (2009). On top of that, financial services inflation is adding another 0.29 percentage points, and that’s running hot because stock prices are up (which drives up the “prices” of portfolio management services).

Marketing 93

Marketing Marketing Financial Services Distribution 93

The Big Picture

APRIL 11, 2023

And again, some history, until 2009 or ‘10, Warren Buffett actually spoke out against buybacks. In the first quarter of 2020 when COVID shut the global economy down, everybody felt that the right thing for companies to do is hold back cash. And can we not say that financial services haven’t been wildly disrupted over the past 40 years?

Valuation 298

Valuation Education Government Numbers 298

The Big Picture

JANUARY 31, 2023

And few do it better than Neil does in terms of putting together a global view of what’s happening in the economy, what’s happening around the world, what’s happening with the Fed, and what’s happening with the stock market. It was really in March of 2009. And at that time, it was a controversial call.

Economics 147

Economics Economy Marketing Marketing 147