Abnormal Returns
JUNE 20, 2024
Markets What's different about the Magnificent Seven stocks. (awealthofcommonsense.com) Don't look now but Taiwan Semi ($TSM) is nearly a $1 trillion company. (bnnbloomberg.ca) The case for swapping large caps for small caps. (blogs.cfainstitute.org) Strategy There's no such thing as certainty. (tonyisola.com) Lessons from Robert Hagstrom’s 1994 book "The Warren Buffett Way.
The Big Picture
JUNE 20, 2024
Making good progress on the book, about 60-70% finished (I feel good about it). I wanted to pop out of hiding to share a few charts/tables that should raise your confidence levels that — despite media coverage to the contrary — we are not on the verge of collapse. I want to direct your attention to the latest missive from Savita Subramanian, who runs the Equity and Quant Strategy group at BAML.
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Calculated Risk
JUNE 20, 2024
What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For April, Realtor.com reported inventory was up 35.2% YoY, but still down almost 34% compared to April 2017 to 2019 levels. Now - on a weekly basis - inventory is up 36.0% YoY. Realtor.com has monthly and weekly data on the existing home market.
Advisor Perspectives
JUNE 20, 2024
New home construction in the US slumped in May to the slowest pace in four years, as higher-for-longer interest rates sap the housing industry’s momentum from earlier this year.
Speaker: Igli Laci, Strategic Finance Leader
In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a
A Wealth of Common Sense
JUNE 20, 2024
A reader asks: You guys have recently quoted Slock in two podcast episodes that Private Equity Companies, those with over 100 million dollars in revenue make up 87 percent of that category versus only 13 percent of publicly traded company fall into the 100 million in revenue category, and that number is only increasing. With that said, is this ONE of the reasons stock prices seem to continuously increase.
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Random Roger's Retirement Planning
JUNE 20, 2024
Jason Buck from Mutiny Funds and creator of the Cockroach Portfolio gave a web presentation about Cockroach via RCM Alternatives. We've looked at the Cockroach Portfolio several times before. Its original was influence by the Permanent Portfolio created by Harry Browne which allocates 25% each to stocks, long bonds, gold and cash. The big idea is that no matter what is going on in the world, at least one of the four will be going up.
Advisor Perspectives
JUNE 20, 2024
Portfolio Managers Guy Barnard and Greg Kuhl highlight how the shelter component of CPI is exerting downward pressure on inflation, paving the way for rate cuts – a tailwind for listed real estate.
Wealth Management
JUNE 20, 2024
Dustin Cali and Daniel Ventura of Praetego Private Wealth broke away to build a business designed for the future, poised for growth and scale, with the freedom to serve clients’ unique needs.
Calculated Risk
JUNE 20, 2024
The DOL reported : In the week ending June 15, the advance figure for seasonally adjusted initial claims was 238,000 , a decrease of 5,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 242,000 to 243,000. The 4-week moving average was 232,750, an increase of 5,500 from the previous week's revised average.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.
Wealth Management
JUNE 20, 2024
Mark Evans, president and CEO of Conquest Planning, discusses how his firm works to provide advice to all clients, not just the high net worth.
Advisor Perspectives
JUNE 20, 2024
Builder confidence fell further in June as mortgage rates above 7% and elevated construction financing continue to slow down the market. The National Association of Home Builders (NAHB) Housing Market Index (HMI) dropped to 43 this month, its lowest level of the year. The latest reading came was below the forecast of 45.
Wealth Management
JUNE 20, 2024
Open, honest and candid discussion about forfeiture lawsuits, hybrid TDFs with annuities, new hires at Cetera and Allianz Life and more.
Advisor Perspectives
JUNE 20, 2024
In the week ending June 15th, initial jobless claims were at a seasonally adjusted level of 238,000, a decrease of 5,000 from the previous week's figure. The latest reading is higher than the forecast of 235,000 jobless claims.
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Wealth Management
JUNE 20, 2024
Account migrations from Morningstar's TAMP to AssetMark will occur over the next six months as the deal is finalized.
Advisor Perspectives
JUNE 20, 2024
In May, building permits fell to their lowest level since June 2020. In the latest report by the Census Bureau, building permits were at a seasonally adjusted annual rate of 1.386 million, falling short of the forecasted rate of 1.450 million. This marks a 3.8% decrease from April and a 9.5% decline compared to one year ago.
Wealth Management
JUNE 20, 2024
LPL Financial's Jared Fingeret discusses the firm's acquisition strategy
Advisor Perspectives
JUNE 20, 2024
In May, housing starts dropped to their lowest level since June 2020. In the latest report by the Census Bureau, housing starts fell to a seasonally adjusted annual rate of 1.277 million, falling short of the forecasted rate of 1.370 million. This marks a 5.5% decrease from April and a 19.3% decline compared to one year ago.
Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global
In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!
Calculated Risk
JUNE 20, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 10:00 AM ET, Existing Home Sales for May from the National Association of Realtors (NAR). The consensus is for 4.10 million SAAR, down from 4.14 million.
Million Dollar Round Table (MDRT)
JUNE 20, 2024
By Matt Pais, MDRT Content Specialist Think of yourself at your best and worst around the office: Are you behaving like a responsible adult or a needy 4-year-old child? In her 2013 Annual Meeting presentation “I can handle it,” psychologist Rachael Alexander, MD, said that all people operate on various points of a spectrum between the logical part of the brain and the emotional part, and when faced with change and stress, we often skew farther toward the emotional side and away from
Advisor Perspectives
JUNE 20, 2024
In May, nominal home values increased for a 14th straight months while "real" home values were flat. Last month's ZHVI came in at $360.681, up 0.4% from the previous month and up 4.3% from one year ago. However, after adjusting for inflation, the real figures are 0.0% month-over-month and -1.3% year-over-year.
Wealth Management
JUNE 20, 2024
The number of registered firms hit an all-time high of 15,396, according to an annual snapshot co-created by the Investment Adviser Association and COMPLY.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Advisor Perspectives
JUNE 20, 2024
The latest Philadelphia Fed manufacturing index remained in positive territory for a fifth straight month as manufacturing activity remained steady overall. In June, the index fell to 1.3 from 4.5 in May, coming in below the forecast of 4.8. The six-month outlook dropped to 13.8.
Indigo Marketing Agency
JUNE 20, 2024
When it comes to marketing, every financial advisor has different audiences and different budgets but the same goal: bring in more qualified leads. After working with hundreds of advisors, it became clear that the best way to serve you was by breaking our service into three new tiers so you can find what works best for you. Between our Nurture, Stand Out, and Growth tiers, you’ll be able to pick and choose which plans of attack are most attractive to you, and even custom-select specific services
Advisor Perspectives
JUNE 20, 2024
Morgan Stanley is increasing its investments in Latin America as geopolitical conflicts elsewhere in the world give the region increasing prominence in the global economy.
Wealth Management
JUNE 20, 2024
The federal government estimates the mandatory repatriation tax would bring in $340 billion over 10 years.
Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor
During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.
Advisor Perspectives
JUNE 20, 2024
Does anyone in Silicon Valley know the saying, “The bigger they are, the harder they fall?” Perhaps it’s just a matter of time before they will.
Wealth Management
JUNE 20, 2024
Transcript of Episode 110 of 401(k) Real Talk.
Advisor Perspectives
JUNE 20, 2024
A top risk for investors, elections may see a shift from centrist to more populist policy that could slow exports, raise inflation, and increase volatility in the global markets.
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