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Wealth Inequality Starts at the Top

The Big Picture

Using IRS data, University of California at Berkeley’s Emmanuel Saez and Gabriel Zucman’s 2014 study found: The share of total wealth of the top 1% has increased steadily, from below 25% in 1978 to 42% in 2012. The top 0.01% of US households had at least $111 million in net worth in 2012, compared to $4 million for the 1 %.

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Wednesday links: the shelf life of a stock

Abnormal Returns

Banking The number of bank branches in the U.S. peaked in 2012. sherwood.news) Where SVB's business stands as JP Morgan ($JPM) looks to make inroads. bloomberg.com) ETFs Where active ETFs are growing fastest. morningstar.com) The iShares Bitcoin ETF ($IBIT) is a runaway hit.

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NFIB Small Business Survey: Optimism Falls to Lowest Level Since 2012

Advisor Perspectives

The headline number for the NFIB Small Business Optimism Index fell to 88.5 in March, the lowest level since 20212. The latest reading was worse than the forecast of 88.8 and marked the 27th straight month the index has been below the series average of 98.0.

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What Earnings Recession?

The Big Picture

We will see something similar in the next few CPI reports, as the hottest year-ago numbers drop off from the 12-month series. Consumer Discretionary Year-over-Year is +52.2%, Communication + 18%, and Industrials 11.8%. When looking at any data series, the Base Effects matter. appeared first on The Big Picture.

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TikTokInvestors

The Big Picture

I doubt he’s run the real numbers of being invested in the stock market tax deferred with an additional company match. @TikTokInvestors: “Apart from his misleading arrogance and the inaccurate market statistics mentioned, a 401K is possibly the best investment vehicle for the average American.

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The 10 Best Financial Advisor Conferences To Attend In 2024

Nerd's Eye View

Most notable is the fact that industry associations are not the drivers of advisor conferences that they once were; while a decade ago, 75%+ of this "Best Conferences" list consisted of various events run by industry associations, now it numbers less than 25%.

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NAHB: Builder Confidence Decreased Sharply in October

Calculated Risk

Any number below 50 indicates that more builders view sales conditions as poor than good. This is the lowest confidence reading since August 2012, with the exception of the onset of the pandemic in the spring of 2020. All three HMI components posted declines in October. emphasis added Click on graph for larger image.

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