Abnormal Returns

NOVEMBER 5, 2023

Markets Small and mid-cap stocks have badly lagged large caps. awealthofcommonsense.com) This week was a good example why you should never be positioned for extremes. theirrelevantinvestor.com) Why you should avoid big investment shifts. humbledollar.com) Trading Brett Steenbarger, "The best traders evolve."

Assets 272

Assets Financial Advising Healthcare Economy 272

Abnormal Returns

OCTOBER 31, 2023

Strategy Money market returns look good.almost too good. wsj.com) Six lessons from William Bernstein's "The Four Pillars of Investing." humbledollar.com) Why it's easy to say you will buy when stocks 'go on sale.' behaviouralinvestment.com) Crypto Vanguard is opting out of the Bitcoin ETF race.

Assets 261

Assets Financial Advising Media Economy 261

Abnormal Returns

MAY 1, 2024

on.spdji.com) How major asset classes performed in April 2024. collabfund.com) Markets have to clear. April 2024 The S&P 500 lost 4.08% in April 2024. capitalspectator.com) Hedge funds are overexposed to momentum. ft.com) Strategy Catalysts matter. Good luck identifying them. behaviouralinvestment.com) How to think about debt.

Marketing 279

Marketing Marketing Financial Advising Economy 279

The Big Picture

MARCH 3, 2023

The chart shows the peak-to-trough declines of all the bear markets with the popular definition of a 20% decline, measured up until the start of the first 20% rally. As Batnick points out, all of these horrendous periods of market pain are already factored into long-term returns of equities. Have a look at the BAML chart above.

Marketing 336

Marketing Marketing Economics Portfolio 336

Nerd's Eye View

SEPTEMBER 6, 2023

While asset protection is a popular planning topic for High-Net-Worth (HNW) and ultra-high-net-worth clients, those who are not HNW are susceptible to the same threats to wealth. Notably, certain client assets have built-in creditor protection without the use of (often expensive) products or tools.

Education 246

Education Assets Clients Estate Planning 246

The Big Picture

NOVEMBER 27, 2023

This weekend Jeff Sommer discussed a DFA research paper on market timing; both are well worth your time to read. The broad strokes are: Market timing is extremely difficult, very few people (if any) do it consistently well. Low Stakes : The most successful market timers are often those people who do not have actual assets at risk.

Marketing 304

Marketing Marketing Math Retirement Planning 304

The Big Picture

MAY 19, 2023

Only 5 stocks driving markets?! Equal-weighted Nasdaq100 up 17% since the June lows for the market because “it’s only 5 stocks”? How bad at math do you need to be to think that it’s only 5 stocks driving this market? Only 5 stocks driving markets 2. Then why are Equal-weighted indices doing so well? Breadth is terrible 4.

Marketing 289

Marketing Marketing Math Media 289

The Big Picture

OCTOBER 30, 2023

Buoyed by low interest rates for the last decade, many property markets have seen substantial price growth since 2010. Experts warned that real estate bubbles—in which the price of assets moved up far beyond their intrinsic value—were forming. The higher the score, the more imbalanced the market is, with those above 1.5

Marketing 264

Marketing Marketing Assets 264

Nerd's Eye View

JANUARY 3, 2024

economy) contracted for the 12th consecutive month, the services sector (constituting about 78% of GDP) expanded for the 11th consecutive month, serving as a primary driver behind continued wage inflation as well as tightness in the labor market. The labor market, while still remarkably resilient, has also started to show signs of stress.

Economics 246

Economics Marketing Marketing Economy 246

Nerd's Eye View

APRIL 3, 2024

The equity market is experiencing its own bifurcation, with a wide dispersion in (extremely elevated) valuations across the "Magnificent 7" and the rest of the market, which is much closer to historical averages.

Economics 244

Economics Marketing Marketing Valuation 244

The Big Picture

AUGUST 20, 2024

The transcript from this week’s, MiB: Mike Greene, Simplify Asset Management , is below. Why don’t we just have a conversation in the studio about his beef with passive, why he thinks it’s a structural threat to the market? We have to pay attention to this, and we have to understand why this is potentially a risky asset.

Assets 173

Assets Management Portfolio Taxes 173

Abnormal Returns

SEPTEMBER 5, 2024

sherwood.news) Being an 'unwitting' Russian asset is apparently very lucrative. Then check out our weekly e-mail newsletter. newsletter.abnormalreturns.com) Mixed media How brand preferences break down along political lines. defector.com)

Financial Advising 275

Financial Advising Manufacturing Marketing Marketing 275

Nerd's Eye View

OCTOBER 1, 2024

Gaetano is a partner and senior financial advisor at Fountainhead Advisors, an RIA based in Warren, New Jersey, that oversees approximately $900 million in assets under management for 1,000 client households.

Assets 233

Assets Financial Advisor Insurance Clients 233

Abnormal Returns

JULY 7, 2024

Top clicks this week How major asset classes performed in June 2024. capitalspectator.com) Just how useful is historical financial markets data? retirementresearcher.com) Don't forget, stocks are real assets. downtownjoshbrown.com) Europe's stock market has badly lagged the U.S. How much longer can it last?

Insurance 313

Insurance Assets Financial Market Investments 313

Abnormal Returns

OCTOBER 6, 2024

is in the midst of an 'epic bull market.' theverge.com) The time to prepare for a bear market is before it is on the horizon. is roughly 50% of global market cap. thinkadvisor.com) How major asset classes performed in September 2024. capitalspectator.com) Q3 asset class returns, visualized. tker.co) The U.S.

Assets 298

Assets Marketing Marketing 298

Abnormal Returns

MAY 19, 2024

Top clicks this week Three assets that don't diversify your portfolio as well as you think. awealthofcommonsense.com) The S&P 500 is now nearly 40% of global market cap. rogersplanning.blogspot.com) How market consensus forms. awealthofcommonsense.com) Risk-on assets have failed to outperform in 2024.

Math 299

Math Assets Portfolio Marketing 299

The Big Picture

APRIL 3, 2023

The asset value peak was $33.6 Given the rough year markets had in 2022, including all of the held asset classes, it is an impressive, albeit curious showing. The group also names 2022’s Best of, including Fund, Asset Class, Region, and Industry of the Year (all found here ). Its an amazing collection of charts and data.

Assets 312

Assets Consulting Taxes Marketing 312

The Big Picture

SEPTEMBER 28, 2022

Around the world, markets lost 5% or worse just last week. Year to date, the S&P 500 is down more than 23%; the Russell 2000 small caps are off more than 26%; Emerging markets are down almost 28%; and the Nasdaq Tech index is off more than 31%. Asset Economy. Asset Allocation. None whatsoever. Inflation. Volatility.

Asset Allocation 342

Asset Allocation Financial Planning Assets Media 342

Nerd's Eye View

JUNE 17, 2024

Nonetheless, fewer than 10% of SEC-registered investment advisers report using them, even though the SEC’s updated investment adviser marketing rule allows financial advisors to proactively encourage testimonials (from clients), use endorsements (from non-clients), and highlight their own ratings on various third-party review sites.

Financial Advising 246

Financial Advising Compliance Advertising Marketing 246

Nerd's Eye View

OCTOBER 16, 2023

Consumers have a wide range of options when it comes to choosing a provider of financial advice, from larger wirehouses and asset managers to smaller Registered Investment Advisers (RIAs). Which helps these firms attract more clients, and continue to thrive amidst competition from larger counterparts! Read More.

Financial Planning 246

Financial Planning Marketing Marketing Financial Advice 246

Abnormal Returns

APRIL 18, 2024

novelinvestor.com) Don't change your asset allocation in response to a market pullback. rogersplanning.blogspot.com) Crypto The Grayscale Bitcoin Trust ($GBTC) continues to leak assets. fastcompany.com) Startups Great companies create markets, not the other way around. wsj.com) Bitcoin is whatever you want it to be.

Asset Allocation 290

Asset Allocation Financial Advising Startup Assets 290

Nerd's Eye View

OCTOBER 4, 2023

At a high level, we're currently seeing a 'tale of 2 economies': While the market for services has expanded steadily since the beginning of the year (with both employment and the price of services growing in kind), the U.S. manufacturing sector, by the measures of employment and service prices, has been in a recession for nearly 12 months.

Valuation 246

Valuation Economics Economy Marketing 246

Nerd's Eye View

OCTOBER 18, 2023

Even people who are normally rational decision-makers can be prone to fear, greed, and overconfidence, and the persistence of market bubbles where investors chase whatever company or sector is all the rage at the time (and often get stuck with losses when the bubble pops) shows that herd mentality in investing is as prevalent as ever.

Marketing 246

Marketing Marketing Valuation Advertising 246

Abnormal Returns

APRIL 7, 2024

wsj.com) How major asset classes performed in March 2024. capitalspectator.com) How to choose among total stock market ETFs. awealthofcommonsense.com) When an asset has no intrinsic value, i.e. gold, you have more decisions to make. return in Q1. humbledollar.com) Hyundai and Kia are crushing it in the U.S.

Assets 306

Assets Accounting Investments Investing 306

Abnormal Returns

JANUARY 7, 2024

allstarcharts.com) How major asset classes performed in December 2023. capitalspectator.com) Good years tend to cluster for the stock market. wsj.com) Asset class returns were pretty green in 2023 except for commodities. (theirrelevantinvestor.com) Don't get caught sitting in cash in 2024.

Assets 297

Assets Economy Investments Investing 297

Abnormal Returns

OCTOBER 17, 2024

Markets Global market correlations are higher than they used to be, but aren't 1.0. wsj.com) Asset management Asset managers are rushing to launch CLO ETFs. wsj.com) India's asset management market is fiercely competitive. ft.com) Real estate Publicly-trade homebuilders make up a growing share of the market.

Financial Advising 277

Financial Advising Communication Economy Assets 277

Abnormal Returns

JUNE 9, 2024

Top clicks this week The best time to prepare for a bear market is before it begins. awealthofcommonsense.com) A review of major asset class performance in May 2024. thefinancialbodyguard.com) The current bull market is mid. tker.co) The market has always been rigged, just not in the way you think.

Retirement 306

Retirement Economy Assets Marketing 306

Abnormal Returns

NOVEMBER 19, 2023

ritholtz.com) What it going to happen to all those assets in money market fund when yields eventually fall? awealthofcommonsense.com) Why asset allocators usually fail when it comes to manager selection. behaviouralinvestment.com) How worried should you be by an increasingly concentrated stock market?

Asset Allocation 304

Asset Allocation Assets Portfolio Management 304

Abnormal Returns

JUNE 18, 2024

Markets Market breadth is not great. visualcapitalist.com) Alternatives The Bogle Effect has not come for alternative asset classes. bonddad.blogspot.com) Earlier on Abnormal Returns Research links: asset class access. sherwood.news) The Magnificent Seven also stand out for their stock buybacks.

Financial Advising 299

Financial Advising Media Assets Economy 299

Abnormal Returns

OCTOBER 14, 2024

Markets Checking in on the bull market, two years in. optimisticallie.com) It's hard to find a losing asset class this year. spyglass.org) Fund management Blackrock ($BLK) now has some $450 billion alternative assets under management. arstechnica.com) How Elon Musk is both an asset and liability to his companies.

Financial Advising 279

Financial Advising Economy Assets Insurance 279

Abnormal Returns

JULY 15, 2024

Markets When it comes to markets, speed isn't always better. sherwood.news) Asset management Asset managers are seeing falling profitability. institutionalinvestor.com) Goldman Sachs' ($GS) asset and wealth management division saw a boost in revenue.

Financial Advising 264

Financial Advising Wealth Management Assets Media 264

Abnormal Returns

JULY 28, 2024

sherwood.news) How much do 20-year real stock market returns vary over time? capitalspectator.com) Why are estimates of alternative asset returns still so high? (safalniveshak.com) The best performing stocks of all-time are not necessarily technology companies. mailchi.mp)

Assets 317

Assets Investments Investing Marketing 317

Abnormal Returns

JANUARY 14, 2024

thefp.com) Stock markets around the world are at or near their highs. downtownjoshbrown.com) Good luck trying to pick the best performing asset class on a year-by-year basis. awealthofcommonsense.com) 12 lessons the markets taught investors in 2023 including 'Valuations cannot be used to time markets.' Always follow up.'

Valuation 294

Valuation Assets Investments Investing 294

Abnormal Returns

MAY 5, 2024

awealthofcommonsense.com) Why the stock market usually goes up. awealthofcommonsense.com) How major asset classes performed in April 2024. Top clicks this week Widen your investing lens. humbledollar.com) The best investors are running their own race. capitalspectator.com) How to think about debt.

Assets 314

Assets Investments Investing Marketing 314

Abnormal Returns

JULY 21, 2024

abnormalreturns.com) Top clicks this week Seven reasons you may want to venture away from the market portfolio. morningstar.com) The stock market has changed so much over the past 50 years. riabiz.com) Asset managers are seeing falling profitability. (abnormalreturns.com) A lifetime subscription is anything but.

Portfolio 311

Portfolio Banking Assets Management 311

Abnormal Returns

JANUARY 23, 2024

institutionalinvestor.com) Political risk is priced in global asset markets. (blogs.cfainstitute.org) How smartphones have affected the transmission of investor sentiment. papers.ssrn.com) Bloomberg has built an AI tool to summarize earnings calls. papers.ssrn.com) Financial literacy in the U.S. isn't great. pyquantnews.com)

Assets 298

Assets Marketing Marketing 298

Abnormal Returns

AUGUST 4, 2024

(capitalspectator.com) How major asset classes performed in July 2024. sherwood.news) A lot of stock market indices are sitting at all-time highs. vox.com) What historical bull markets say about the state of the current market. vox.com) What historical bull markets say about the state of the current market.

Valuation 289

Valuation Assets Marketing Marketing 289