Abnormal Returns

DECEMBER 22, 2023

Markets Just how bad was the 2022-23 bond drawdown? ft.com) Why you should look at returns from 2022-23 as a whole. wapo.st) Finance Links to all the Wall Street 2024 investment outlooks. morningstar.com) Economy November PCE came in at 3.2% priceactionlab.com) Streaming Lionsgate ($LGF.A) down from 5.6% at the peak.

Financial Advising 279

Financial Advising Media Economy Economics 279

The Big Picture

DECEMBER 1, 2022

But my job is not to give the Fed policy advice, it is instead to provide clients with insight and investment advice. Inflation is vanquished, the economy makes a soft landing, rainbows and sprinkles and unicorns! Parts of the economy suffer – notably residential real estate, new job creation, and consumer spending.

Economy 295

Economy Economics Valuation Marketing 295

Abnormal Returns

SEPTEMBER 27, 2024

theirrelevantinvestor.com) Some investments are an IQ test. nytimes.com) How China plans to boost the economy. sherwood.news) Economy Lower interest rates do not guarantee a soft landing. wsj.com) Do you remember the 'recession' of 2022? Markets Most stocks are working right now. just hit $10 trillion.

Financial Advising 279

Financial Advising Food Economy Media 279

The Big Picture

OCTOBER 19, 2023

One of my favorite responsibilities as chief investment officer at Ritholtz Wealth Management is the quarterly conference call I do for our clients. I like to finish with a thought-provoking, often “investing-adjacent” idea they might not have previously considered. 2 Regardless, something is amiss. Atlantic, Oct.

Media 351

Media Economy Economics Wealth Management 351

The Big Picture

AUGUST 17, 2022

Say what you will about the advantages of passive investing, but Eric argues that if a shop like Vanguard had introduced only low-cost active investing (and never focused on passive), it would have grown to become a trillion-dollar colossus regardless. Passive investing is: Marxist. Lobotomized investing. Reached a mania.

Taxes 334

Taxes Portfolio Management Investments 334

Abnormal Returns

NOVEMBER 23, 2022

Strategy The normalization of interest rates is going to change how people invest. behaviouralinvestment.com) Why wealthy investor don't invest aggressively enough. arstechnica.com) Venture capital Just how deep in the hole is Masayoshi Son on his Vision Fund 'investments'? abnormalreturns.com) Don't borrow money to invest.

Financial Advising 245

Financial Advising Advertising Economy Economics 245

The Big Picture

JANUARY 3, 2023

Let’s jump into the new year with some fresh observations, some of which are quite surprising: • Astronomical Measures of Time Are Unrelated to Investing : 2023 – a new year! 2022 can be understood as part of that process. through January 4, 2022. Welcome to 2023! It takes the Earth 365 days, 6 hours, 9 minutes, and 9.76

Economy 328

Economy Economics Portfolio Marketing 328

The Big Picture

AUGUST 19, 2022

I am not a fan of that framing; my preference is to note that different investors in equity and fixed income have very different risk tolerances stocks, time horizons, and investment goals. August 15, 2022). Shift Your Perspective (July 22, 2022). The Uncertainty Monster (July 21, 2022). James Mackintosh.

Marketing 321

Marketing Marketing Risk Tolerance Economy 321

Abnormal Returns

OCTOBER 22, 2023

awealthofcommonsense.com) How time horizon affects the odds of investing in equities. morningstar.com) How to avoid investment disasters. thestreet.com) Ark Invest's ETFs have built up plenty of tax losses to carry forward. arstechnica.com) Economy Another chart crime debunked.

Financial Advising 276

Financial Advising Media Economy Taxes 276

The Big Picture

JULY 29, 2022

Taking rates to the 1.50%-1.75% range had some bite, and we see the impact of this higher cost of credit combined with inflation impacting the economy. The GDP report showed final private domestic demand — consumer spending and fixed investment — was flat in 2Q after a 3.0% Previously : GDP = -0.9% (July 28, 2022).

Economics 321

Economics Retail Banking Economy 321

Abnormal Returns

OCTOBER 15, 2024

slate.com) Global Rally aside, are Chinese stocks really investable? wsj.com) Economy The wealth effect helped keep us out of recession in 2022. (fastcompany.com) AI is coming to 'optimize' work schedules. economist.com) Governments are finding it difficult to boost birth rates.

Financial Advising 284

Financial Advising Retail Media Government 284

Abnormal Returns

JANUARY 3, 2023

Markets How major asset classes performed in December 2022. capitalspectator.com) 2022 was the third worst year for the 60/40 portfolio. awealthofcommonsense.com) The Dow lead the major indices in 2022. investment in semiconductor manufacturing can only do so much. in 2022 vs. 2021. axios.com) U.S.

Startup 242

Startup Valuation Financial Advising Distribution 242

The Big Picture

DECEMBER 30, 2022

A perfect way to end the 2022 annus horriblis is to remind readers that not just individual stocks, but entire sectors fall in and out of favor. The S&P acts as a snapshot that illuminates which companies and industries are the largest in the economy at any given time. Source: QAD Blog.

Economy 312

Economy Management Investing Investments 312

The Big Picture

FEBRUARY 13, 2023

But instead of cracking, some data point to an economy that’s thriving. ( New York Times ) see also Is the economy kind of good now? Businessweek ) • This Rare Asteroid May Be Worth 70,000 Times the Global Economy. Businessweek ) • This Rare Asteroid May Be Worth 70,000 Times the Global Economy. Vox ) • U.S.

Economy 283

Economy Management Investments Investing 283

Abnormal Returns

DECEMBER 29, 2022

Markets The energy sector dominated in 2022, and it wasn't even close. barrons.com) 2022 was a disaster for Big Tech. wsj.com) Why American Equity Investment Life ($AEL) is so sought after. wsj.com) Economy Continuing unemployment claims continue to trend higher. awealthofcommonsense.com) Here is Eddy's 2023 Buy List.

Financial Advising 275

Financial Advising Startup Food Media 275

Abnormal Returns

MARCH 10, 2023

tker.co) Strategy Investing off headlines is a fool's errand. theirrelevantinvestor.com) Don't try to invest like Yale, unless you have Yale-like resources. netinterest.co) Silicon Valley Bank didn't have a Chief Risk Officer for most of 2022. ft.com) The Fed's actions are finally filtering through the economy.

Financial Advising 245

Financial Advising Banking Economy Media 245

Abnormal Returns

DECEMBER 28, 2022

Lists 9 surprising things that happened in 2022 including 'The Federal Reserve opening pushed for the stock market to fall.' awealthofcommonsense.com) 4 mistakes from 2022 including the idea of more funds equaling more diversification. morningstar.com) 35 ideas from 2022 including 'Long term investing is hard.'

Financial Advising 243

Financial Advising Valuation Media Economy 243

The Big Picture

SEPTEMBER 26, 2022

If anything, it feels like the Fed wants to fight us, all of us, including the stock market and the economy. The Fed is actively trying to crash the stock market, break the housing market and push the economy into a recession. A Very Tough Year : The S&P 500 has declined more than 1% in one out of four days so far in 2022.

Engineering 306

Engineering Economy Manufacturing Retirement 306

Abnormal Returns

JANUARY 11, 2023

economist.com) Alameda Research made a big investment in miner Genesis Digital Assets soon before the FTX unwind. wsj.com) BITO Bitcoin tanked in 2022 but Bitcoin futures ETPs held in there. economist.com) Belgium and the Netherlands intercepted a record-breaking 160 metric tonnes of cocaine in 2022.

Financial Advising 244

Financial Advising Startup Economy Media 244

The Big Picture

APRIL 25, 2024

A quick note on the state of the economy in light of some recent data. Business investment grew at a 2.9% Residential investment grew at a 13.9% The economy remains robust, inflation is more of a housing issue with some services concerns thrown in. That lagged economists’ consensus of 2.4%. economic strength.”

Economy 214

Economy Banking Economics Investing 214

The Big Picture

MARCH 10, 2023

For more than a century, America’s central bank has been a key part of the investing environment, and it’s your job as an active manager to incorporate their probable policy decisions into your strategy. The FOMC seems a little panicky; the result is the Fed is breaking things throughout the economy.

Banking 342

Banking Assets Management Economy 342

Calculated Risk

JULY 28, 2022

Note: The second graph - residential investment as a percent of GDP - is useful in predicting a Fed induced recession. Earlier from the BEA: Gross Domestic Product, Second Quarter 2022 (Advance Estimate) Real gross domestic product (GDP) decreased at an annual rate of 0.9 Residential investment (RI) decreased at a 14.0%

Investing 140

Investing Investments Government Commission 140

The Big Picture

SEPTEMBER 28, 2023

Even as inflation peaked in June of 2022 and fell from 9% to 3%, people remained angry. Oh, and the economy would have hurtled into the worst depression since the Great Depression of 1929. Recall that the Atlanta Fed’s GDP Now in June 2020 showed the economy had been cut in half, down -52.8%.

Government 306

Government Medicine Economy Healthcare 306

The Big Picture

NOVEMBER 11, 2022

1 You can use whatever definition you choose, but choose wisely, as selecting a description that poorly correlates to reality will hurt your investing and trading. Barry Ritholtz (@ritholtz) November 10, 2022. Previously : Groping for a Bottom (October 14, 2022). 7th Inning Stretch (September 30, 2022). Countertrend?

Marketing 278

Marketing Marketing Economy Investing 278

Abnormal Returns

OCTOBER 11, 2022

(wsj.com) Funds Stop investing based on your politics. ritholtz.com) Risk parity has had a bad 2022. danieldrezner.substack.com) Economy Do we need to throw the economy into recession to tame inflation? finance.yahoo.com) Russia Russia's war has been successful in one regard - it has united Ukrainian society.

Financial Advising 246

Financial Advising Economy Media Banking 246

Abnormal Returns

JANUARY 31, 2023

covestreetcapital.com) 20 lessons Seth Klarman learned from the GFC including 'Do not accept principal risk while investing short-term cash.' bloomberg.com) Companies Exxon Mobil ($XOM) generated record profits in 2022. freightwaves.com) Economy Per Case-Shiller, national home prices fell in November 2022.

Startup 246

Startup Financial Advising Media Retirement 246

Good Financial Cents

SEPTEMBER 29, 2022

In this guide, we’re going to present the 10 best long-term investment strategies for 2022. The reason we’re providing 10 is because there’s no single investment strategy that’s right for all investors, and in all investment environments. Below is our list of the 10 best long-term investment strategies for 2022.

Investing 109

Investing Investments Retirement Planning Risk Tolerance 109

Abnormal Returns

DECEMBER 7, 2022

traderfeed.blogspot.com) Writing Nick Maggiulli's favorite investment writing of 2022. cnbc.com) "Chip War" by Chris Miller won the 2022 Financial Times Business Book of the Year Award. nytimes.com) OpenAI is the breakout 'tech company' of the 2022. slate.com) Economy The U.S.

Media 246

Media Financial Advising Risk Management Economy 246

The Big Picture

JULY 18, 2022

Ignore the emojis in the headline long enough to ask yourself this question: What might the rest of 2022 look like ? They understood the advantages of lump sum investing , and the psychological benefits of legging in over time ; for this chunk of capital, they were looking for an aggressive, well-timed entry point. July 19, 2022).

Economy 278

Economy Marketing Marketing Clients 278

Abnormal Returns

JANUARY 27, 2023

Strategy The investment landscape has completely transformed in the past century. awealthofcommonsense.com) 2022 shows that every portfolio strategy comes under pressure. wsj.com) Intel ($INTC) had a tough 2022 and 2023 isn't looking better. portfoliocharts.com) Why so many investors get caught up in return chasing.

Financial Advising 245

Financial Advising Distribution Valuation Media 245

Abnormal Returns

DECEMBER 1, 2023

on.spdji.com) The magnificent seven stocks are having a big 2023, in part because they had a rough 2022. morningstar.com) Economy Housing is holding up U.S. ft.com) Earlier on Abnormal Returns Podcast links: an investing paradox. (capitalspectator.com) Even after November's rally low volatility stocks are still down on the year.

Financial Advising 265

Financial Advising Media Economy Management 265

Abnormal Returns

FEBRUARY 23, 2023

(morningstar.com) It's easy to forget how bad 2022 was for retirement account investors. wsj.com) Why you are unlikely to profit off the next big thematic investment theme. theatlantic.com) Economy Still no sign of a sustained uptick in weekly initial unemployment claims. abnormalreturns.com) Do less to do better.

Financial Advising 246

Financial Advising Media Retirement Economy 246

The Big Picture

NOVEMBER 1, 2023

I am not sure if they quite recognize the potential damage they are doing to the economy. As the chart above shows, we are off the lows of 2022, but other than during the pandemic, the Months’ Supply of existing homes for sale is at its lowest level going back 40 years.

Food 317

Food Economy Numbers Sales 317

Calculated Risk

JANUARY 10, 2024

2) Employment: Through November 2023, the economy added 2.6 million jobs added in 2022, and 7.3 Or will the economy lose jobs? The bad news - for job growth - is that a combination of a slowing economy, demographics and a labor market near full employment suggests fewer jobs will be added in 2024. million jobs in 2023.

Economy 119

Economy Manufacturing Economics Sales 119

The Big Picture

FEBRUARY 19, 2024

We can make changes to how we think about risk, what our portfolio allocations are, what information we read — everything that goes into how we invest. Most importantly, I rely on a lot of specific methodologies and thoughts about how and what we do when it comes to thinking about investment strategies. A few examples: 1.

Investing 130

Investing Investments Portfolio Economy 130

Abnormal Returns

JANUARY 26, 2023

etf.com) Investment grade bonds are having a good start to the year. bloomberg.com) NEA is becoming a registered investment advisor. pionline.com) Economy Q4 2022 GDP was solid, but two leading indicators point toward recession. Markets A look at Vanguard's 10-year equity return forecasts.

Startup 245

Startup Financial Advising Investment Advisor Insurance 245

The Big Picture

JULY 26, 2023

The Board of Governors stated , “When households and businesses can reasonably expect inflation to remain low and stable, they are able to make sound decisions regarding saving, borrowing, and investment, which contributes to a well-functioning economy.” The economy was sluggish, job creation as weak, consumer spending was soft.

Economy 246

Economy Economics Numbers Banking 246