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The Census Bureau and the Bureau of Economic Analysis reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $78.2 billion in November , up $4.6 billion from $73.6 billion in October, revised. November exports were $273.4 billion, $7.1 billion more than October exports. November imports were $351.6 billion, $11.6 billion more than October imports. emphasis added Click on graph for larger image.
Welcome everyone! Welcome to the 419th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Peter Krull. Pete is the Director of Sustainable Investing of Earth Equity Advisors, an RIA based in Asheville, North Carolina, that oversees approximately $200 million in assets under management for 250 client households. What's unique about Pete, though, is how he has grown his firm by exploring with clients how they can align their portfolios with their own personal values,
Notes: This CoreLogic House Price Index report is for November. The recent Case-Shiller index release was for October. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic: Northeastern, New England States Continue to Lead US for Annual Home Price Growth in November The national home price gain was 3.4% year over year in November 2024, down from the 5.2% growth recorded in the same month of 2023.
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt: Another monthly update on rents. Tracking rents is important for understanding the dynamics of the housing market. Slower household formation and increased supply (more multi-family completions) has kept asking rents under pressure. Welcome to the January 2025 Apartment List National Rent Report.
(Posted with permission). The ISM Services index was at 54.1%, up from 52.1% last month. The employment index decreased to 51.4%, from 51.5%. Note: Above 50 indicates expansion, below 50 in contraction. From the Institute for Supply Management: Services PMI at 54.1% December 2024 Services ISM Report On Business Economic activity in the services sector expanded for the sixth consecutive month in December, say the nation's purchasing and supply executives in the latest Services ISM Report On Busin
(Posted with permission). The ISM Services index was at 54.1%, up from 52.1% last month. The employment index decreased to 51.4%, from 51.5%. Note: Above 50 indicates expansion, below 50 in contraction. From the Institute for Supply Management: Services PMI at 54.1% December 2024 Services ISM Report On Business Economic activity in the services sector expanded for the sixth consecutive month in December, say the nation's purchasing and supply executives in the latest Services ISM Report On Busin
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. At 8:15 AM, The ADP Employment Report for December. This report is for private payrolls only (no government). The consensus is for 143,000, down from 146,000 jobs added in November.
Shareholder yield is a comprehensive measure that shows how much value a company returns to its investors relative to its market value. Think of it as a three-part equation: First, there’s the traditional dividend yield the cash payments shareholders receive directly from company profits. Second comes the buyback yield, which creates value when companies repurchase their own shares, effectively making each remaining share more valuable.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Mark Sullivan manages $800 million in client assets and is joining Procyon, while St. Petersburg, Fla.-based advisor Mary Lauritano (managing about $525 million in assets) is joining Raymond James employee advisor channel.
Guest: David Newson, Founder at XNW Digital. In a nutshell: Did you achieve your organic growth goals for 2024? If not, there’s a good chance that you’re not drawing some crucial distinctions between the tools that successful firms use to achieve consistent growth and the holistic strategies those tools should be in service of. Getting crystal clear on what those parts are and how they work together is essential to creating an actionable annual plan and executing on it.
In the rush to secure a new client, many advisors instinctively push for momentum during the sales conversation, often feeling the pressure to keep things moving forward.
Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
The following factor performance modules have been updated on ourIndex website.[ref]free access for financial professionals[/ref] Factor Performance Factor Premiums Factor Data Downloads Global Factor Performance: January 2025 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Stocks are coming off another banner year, but strength has bred a frothy sentiment environment, which continues to loom as a risk for likely coming volatility.
Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 8.1 million on the last business day of November, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and total separations were little changed at 5.3 million and 5.1 million, respectively. Within separations, quits (3.1 million) decreased, but layoffs and discharges (1.8 million) changed little. emphasis added The following graph shows job openings (black line), hires (da
In a recent discussion on TheRealInvestmentShow , Bob Farrell and his 10 investment rules were discussed, which elicited several email questions asking, “Who is Bob Farrell, and where are these rules?
Markets The U.S. stock market has never been this concentrated. (on.ft.com) A credit-based measure that indicates the stock market is overvalued. (finance.yahoo.com) Strategy Large cap stocks have dominated the past decade of asset class returns. (awealthofcommonsense.com) What the past 20 years of stock market performance tell you about the next decade.
The latest job openings and labor turnover summary (JOLTS) report showed that job openings unexpectedly rose in November, while hiring and quits slowed. Vacancies increased to 8.098 million in November from October's upwardly revised level of 7.839 million. The latest reading was more than the expected 7.730 million vacancies and is the highest level of job openings since May.
Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.
Indexing The index effect has faded over time. (alphaarchitect.com) Mike Green is warning about the risks from passive investing. (institutionalinvestor.com) Fees matter, redux. (jeffreyptak.substack.com) Research A different kind of ten-year asset class performance exercise. (aqr.com) Can simple formulas still distinguish better performing stocks? (alphaarchitect.com) Portfolio constraints can lead to unintended bets.
Gas prices kicked off 2025 by rising to their highest level in almost two months. As of January 6th, the price of regular and premium gas increased 4 and 3 cents from the previous week, respectively. The WTIC end-of-day spot price for crude oil closed at $73.56, up 3.6% from last week.
The first asset allocation quilt I created for this site covered the ten-year period from 2005-2014. Those returns look nothing like the last 10 years which is the whole point of this exercise. Here’s the latest quilt: Some observations: Inflation outperformed TIPS.The average inflation rate over the past 10 years was around 2.9% annually. Treasury-inflation protected securities were up 2.1% annually over the sam.
The U.S. international trade in goods and services is published monthly by the Bureau of Economic Analysis with data going back to 1992 and details U.S. exports and imports of goods and services. In November, the trade deficit expanded 6.2% to -$78.19B. The latest reading was better than the forecast of -$78.30B.
It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
By Antoinette Tuscano, MDRT senior content specialist Throughout the year, MDRT members and meeting speakers share their success stories and tips in Round the Table magazine. Following are some of the most popular online magazine articles in 2024, including a roundup of tech and timesaving hacks. Reaching for Top of the Table Top of the Table members share how they overcame difficulties to reach new heights in business as they explain how you can replicate their success.
The December U.S. services purchasing managers' index (PMI) conducted by S&P Global came in at 56.8, the highest level since March 2022. The latest reading came in below the forecast of 58.5 but keeps the index in expansion territory for the 23rd straight month.
The catalyst for today's post came from Torsten Slok who noted "unusual behavior" in the ten year treasury after the first rate cute last year. The green line is the yield going up compared to the average of what has happened in previous tightening cycles. As a reminder, if the yield is going up, then the price is going down. Meb Faber retweeted something from October 2023 where he said "if stocks were down 50%, everyone would be losing their mind.
The Institute of Supply Management (ISM) has released its December services purchasing managers' index (PMI). The headline composite index is at 54.1, better than the forecast of 53.5. The latest reading keeps the index in expansion territory for the sixth straight month.
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
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