Carson Wealth

SEPTEMBER 30, 2024

The Bearish Narratives Look Even Worse Now We just got a slew of economic data revisions from the Bureau of Economic Analysis (BEA) and our first response was, Wow! There’s a reason why the S&P 500 has risen over 90% over this same period, and that was because economic activity drove profit growth. Guess What?

Marketing 96

Marketing Marketing Manufacturing Economics 96

Carson Wealth

APRIL 29, 2024

in the first quarter, well above the 2010-2019 average pace of 2.4%. Here’s the Big Picture As noted above, economic growth remains strong when factoring in the most important parts of the economy: household consumption, investment, and even government spending. Think of it like core GDP. in the first quarter.

Marketing 97

Marketing Marketing Economy Government 97

Carson Wealth

JUNE 10, 2024

The Bureau of Labor Statistics (BLS) actually measures this, via a metric called “part-time employment for economic reasons.” The 6% aggregate income growth we’re experiencing provides a good first estimate of nominal GDP growth, and that’s above the 2010-2019 trend of about 4%.

Marketing 143

Marketing Marketing Economy Numbers 143

Carson Wealth

NOVEMBER 13, 2023

annual pace, which is faster than the 2010-2019 pace of 1.2%. Economic output regained its pre-pandemic level by the first quarter of 2021, with 8 million fewer workers, which translated to higher productivity per worker. It’s also 40% above the 2010-2019 average and 4% above the 2005-2007 average.

Marketing 96

Marketing Marketing Economy Startup 96

Carson Wealth

JANUARY 8, 2024

In fact, the average annual number of jobs gained from 2010-2019 was 2.2 In fact, monthly job creation averaged 163,000 in 2019, which was a year of solid economic growth. The economic numbers continue to suggest there will be no recession in 2024, with a very reasonable margin of error. While that is lower than the 4.8

Marketing 96

Marketing Marketing Economy Numbers 96

Carson Wealth

DECEMBER 18, 2023

In their updated “ Summary of Economic Projections ,” they revised their estimates of core inflation for 2023 down from 3.7% Markets were off to the races after the Fed released its statement and economic projections. 3% in 2023 after adjusting for inflation, which would be above the 2010-2019 trend.

Marketing 96

Marketing Marketing Economy Investments 96

Carson Wealth

MARCH 25, 2024

Going into this meeting, a big question was whether Fed members would lower that projection to just two cuts in their summary of economic projections (the dot plot). Fed officials upgraded their economic growth projections for 2024 from 1.4% to 2.1% (real GDP growth). That’s a big jump and acknowledgement that the economy is strong.

Marketing 97

Marketing Marketing Economy Manufacturing 97

Carson Wealth

MAY 22, 2023

Economic data continues to come in strong, including for retail sales and vehicle production. Housing starts and permits data are turning around as builders become more confident about the economic outlook. Housing may no longer be a drag on economic growth the rest of this year. The housing market is showing signs of recovery.

Marketing 52

Marketing Marketing Economy Economics 52

The Big Picture

SEPTEMBER 12, 2022

And so, coming out of school, I studied Economics and Spanish Literature, and I applied to a — a program that actually targeted Liberal Arts majors. I’m talking about diversified financial services. It was at Bank One, at the time. It was called the First Scholars Program, and they targeted Liberal Arts majors.

Clients 299

Clients Wealth Management Banking Investments 299

Carson Wealth

AUGUST 28, 2023

Credit markets continue to show very few signs of economic stress. Recent economic data from China show that the world’s second largest economy is in trouble. Much of China’s economic growth is driven by real estate investment, which has pulled back significantly. and financial markets. per year between 2010 and 2019.

Marketing 52

Marketing Marketing Economy Economics 52

Brown Advisory

MAY 31, 2017

Since the 2008–09 credit crisis, market sentiment on European stocks has shifted back and forth, from despair to confidence, depending largely on sentiment regarding the EU’s prospects as a viable political and economic entity. All else being equal, U.S.

Portfolio 52

Portfolio Asset Allocation Valuation Economics 52

Brown Advisory

MAY 31, 2017

Since the 2008–09 credit crisis, market sentiment on European stocks has shifted back and forth, from despair to confidence, depending largely on sentiment regarding the EU’s prospects as a viable political and economic entity. All else being equal, U.S.

Portfolio 52

Portfolio Asset Allocation Valuation Economics 52

Carson Wealth

MAY 1, 2023

Equities closed out April in strong form amid better-than-expected earnings and resilient economic data. Don’t Be Fooled by Headline GDP The Bureau of Economic Analysis reported that the U.S. The good news is there is a measure of economic growth that excludes this volatility, which is shown in the last lines of the previous table.

Marketing 52

Marketing Marketing Economy Numbers 52

Carson Wealth

JUNE 5, 2023

Recent economic data do not point to a recession. During the last expansion, 2010-2019, average annual payroll growth was 2.2 The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financial services. Instead, the economy is showing resilience.

Economy 52

Economy Numbers Compliance Banking 52

Brown Advisory

OCTOBER 8, 2019

BP’s 2010 Macondo oil spill disaster and Sports Direct’s exploitative employment practices are examples of when environmental and social issues undermine a franchise’s ability to generate long-term cash flow. In the U.K., For example, we take a very dim view of companies that do actual damage to their customers.

Clients 52

Clients Government Banking Investing 52

Brown Advisory

OCTOBER 8, 2019

BP’s 2010 Macondo oil spill disaster and Sports Direct’s exploitative employment practices are examples of when environmental and social issues undermine a franchise’s ability to generate long-term cash flow. In the U.K., For example, we take a very dim view of companies that do actual damage to their customers.

Clients 52

Clients Government Banking Investing 52

Carson Wealth

JANUARY 22, 2024

While our outlook is for a favorable economic backdrop for credit-sensitive bonds, we’ve grown somewhat more cautious because credit spreads are already tight and we see more upside for equities, including some pockets of attractive valuations. The average yield from 2010-2021 was just 2.34%. 16 was 4.65%.

Marketing 97

Marketing Marketing Economy Portfolio 97

Carson Wealth

JUNE 26, 2023

Between 1980 and 2010, there were five recessions, and each was preceded by a huge decline in single-family housing starts. It doesn’t appear we are late in the economic cycle nor on the precipice of a recession (within the next 4-6 months). Amid decreasing demand, builders reduced their involvement in new construction projects.

Marketing 52

Marketing Marketing Economy Numbers 52

The Big Picture

JULY 11, 2023

JOHNSON: So I spent a year, my father said to me, “Look, if you’re going to be in the financial services business you should probably work in New York.” Otherwise, the West Coast, if you were in the financial services business, it was rough life. RITHOLTZ: It was just Franklin. RITHOLTZ: Right.

Management 222

Management Investments Investing Assets 222

Brown Advisory

MARCH 13, 2018

With the most recent economic data showing signs of acceleration, more observers began to question the wisdom of introducing fiscal stimulation at a time when the economy was already gaining momentum. which has declined from over 6% at the end of the financial crisis in 2010 to less than 2.5% at the end of last year.

Investments 52

Investments Investing Economy Assets 52

Brown Advisory

MARCH 13, 2018

With the most recent economic data showing signs of acceleration, more observers began to question the wisdom of introducing fiscal stimulation at a time when the economy was already gaining momentum. which has declined from over 6% at the end of the financial crisis in 2010 to less than 2.5% at the end of last year.

Investments 52

Investments Investing Economy Assets 52

The Big Picture

OCTOBER 24, 2022

So I leave the Bureau of Labor Statistics and I move into economic consulting. And it began outside of financial services. Now, when I start to think about financial advisory work, I can’t think of a place where personalization isn’t already something that advisors are wrestling with. That’s very funny.

Portfolio 130

Portfolio Management Assets Investments 130

The Big Picture

AUGUST 15, 2023

SEIDES: But market returns across — RITHOLTZ: The past decade, 2010 to 2020, we were what? So I think that argument is very valid in those couple of years, 2009, 2010 probably, maybe 2011, which was a tough year for hedge funds. SEIDES: Yeah, I wouldn’t measure it in terms of economic returns. It’s lower.

Management 130

Management Investments Investing Government 130

Trade Brains

MAY 25, 2023

Overall, Zerodha means ‘Zero Barrier’ It was started by Nitin Kamath, an Engineer by qualification, in 2010. Nithin bootstrapped and founded Zerodha in 2010 to overcome the hurdles he faced during his decade long stint as a trader. Anyways, Zerodha, the discount broker, originated only in 2010.

Investments 98

Investments Investing Accounting Education 98

The Big Picture

APRIL 18, 2023

You saw it in the financial services sector. In 2006, ’07, ’08, you saw the financial crisis. You see these things before they start to show up in the economic data. So we share themes and we share these economic signals. You know, economically, that’s a big thing. BARATTA: You know, I had young kids.

Assets 162

Assets Investments Investing Valuation 162

Carson Wealth

FEBRUARY 24, 2025

As I pointed out above, households were in a big deleveraging cycle during the 2010-2019 period, as they looked to shore up balance sheets. This is probably the chart that best illustrates the post-Financial Crisis deleveraging cycle of 2010-2019. Thats up from 0.52% a year ago, and currently higher than pre-pandemic levels.

Marketing 85

Marketing Marketing Economy Planning 85

The Big Picture

JANUARY 31, 2023

Neil Dutta has been doing economic analysis and research from a market-based perspective for over 20 years. I found this to be just an absolutely fascinating discussion about how to best contextualize the world of economic data around you, in a way that’s useful for you as an investor. With no further ado, RenMac’s Neil Dutta.

Economics 147

Economics Economy Marketing Marketing 147

Carson Wealth

APRIL 22, 2024

Economic Growth Remains Solid, As Does the Outlook While inflation data for Q1 was hot, albeit for idiosyncratic reasons, we also received the following: Strong employment data, with payroll growth accelerating from last year and layoffs low. For perspective, the 2010-2019 average pace was 2.4%. That is above 3.5% public and private.

Marketing 96

Marketing Marketing Economy Government 96

Carson Wealth

FEBRUARY 10, 2025

The tariff policy of the Trump administration should be viewed as an economic and market risk, with some potential negative impact on inflation, interest rates, the dollar (stronger), and the path of rate cuts. However, the deficit started to shrink after 2010, falling to about 0.5% But the late 2010s were an exception.

Marketing 67

Marketing Marketing Taxes Economy 67

Carson Wealth

SEPTEMBER 3, 2024

Campaigns always make a lot of promises during election season, but the populist rhetoric from both candidates is actually quite unusual, especially given where we are in the economic cycle. As you can see, prior to the 2010s, the primary balance was always in positive territory as economic expansions wore on.

Marketing 142

Marketing Marketing Taxes Economy 142

Carson Wealth

JULY 22, 2024

The ISM Purchasing Managers’ Index (PMI) — which is one of the most popular leading economic indicators amongst investors, economists, and financial publications — has been below 50 for 19 out of the last 20 months, indicating that the manufacturing sector is contracting.

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Manufacturing Marketing Marketing Economy 97