Abnormal Returns
OCTOBER 6, 2023
Strategy Defining what you will invest in, versus what you will not invest in, is important. (awealthofcommonsense.com) Why simplicity in investing can help reduce errors. (mrzepczynski.blogspot.com) Apple Apple's ($AAPL) USB-C transition is going to be rocky. (macworld.com) A review of the Apple ($AAPL) iPhone 15 Pro and Pro Max. (sixcolors.com) Vaccines How research into mRNA vaccinations very nearly didn't happen.
The Big Picture
OCTOBER 6, 2023
I have been playing with Nick’s S&P 500 calculator , and it’s pretty damned, cool. He used data from Robert Shiller’s website and created his own interface going all the way back to 1871. (The default assumes your dividends are reinvested). You can see why RWM hired Nick as our Chief Data Scientist… The post Historical S&P 500 Return Calculator appeared first on The Big Picture.
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Abnormal Returns
OCTOBER 6, 2023
The biz Spotify ($SPOT) has big audiobook ambitions. (nytimes.com) Amazon ($AMZN) is shuttering its Amp audio app. (theverge.com) On the layoffs at Pushkin Industries. (nypost.com) Business Derek Thompson talks with Matthew Ball and Julia Alexander about the state of Disney ($DIS) today. (theringer.com) Roben Farzad talks with Angela Romero and Matthew Boyle about MBA grads buying companies.
Nerd's Eye View
OCTOBER 6, 2023
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent survey found that clients across several countries who work with a CFP professional have better outcomes on a range of measures compared to those working with other advisors or no advisor at all, suggesting that the potential benefits of gaining CFP certification can accrue not only to the advisor themselves, but also to their clients.
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The Reformed Broker
OCTOBER 6, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Alex Kantrowitz, and Downtown Josh Brown discuss the big tech landscape, AI competition, augmented reality, Michael Lewis and SBF, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!
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A Wealth of Common Sense
OCTOBER 6, 2023
The bond market continues to be even crazier than the stock market. We’ve witnessed a massive move in long-term bond yields these past couple of weeks and months. Yields on the 10, 20 and 30 year Treasury were all up in the neighborhood of 60 basis points over the past 16 trading sessions. Yields are up 1% or more on each of these bond maturities since the end of June.
Wealth Management
OCTOBER 6, 2023
F2 Strategy's co-founder and CEO provides his take on the most important wealthtech news of the last month.
Calculated Risk
OCTOBER 6, 2023
The headline jobs number in the September employment report was well above expectations, and employment for the previous two months was revised up by 119,000, combined. The participation rate and the employment population ratio were both unchanged, and the unemployment rate was also unchanged at 3.8%. Leisure and hospitality gained 96 thousand jobs in September.
Wealth Management
OCTOBER 6, 2023
The multiple active lawsuits involving the senator's late husband's estate will likely be paused while her own estate is probated.
Speaker: Sierre Lindgren
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.
Calculated Risk
OCTOBER 6, 2023
From Manheim Consulting today: Wholesale Used-Vehicle Prices See Minimal Increase in August Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 1.0% in September from August. The Manheim Used Vehicle Value Index (MUVVI) rose to 214.3, down 3.9% from a year ago. “September auction sales bolstered prices through the channel,” said Chris Frey, senior manager of Economic and Industry Insights for Cox Automotive.
Wealth Management
OCTOBER 6, 2023
Cerity Partners CIO Ben Pace likes core fixed income while underweighting U.S. large cap equities.
The Irrelevant Investor
OCTOBER 6, 2023
This tweet last week caught my attention. Current situation: 1. Stocks are falling like a recession is coming 2. Oil prices are rising like there's no recession in sight 3. Interest rates are rising like we have 10% inflation 4. Gold is falling like inflation is gone 5. Housing prices are rising like rates are… — The Kobeissi Letter (@KobeissiLetter) September 27, 2023 It’s been a weird couple of month.
Wealth Management
OCTOBER 6, 2023
Mercer Advisors CIO Don Calcagni likes non-U.S. equities, value stocks and private credit.
Speaker: Aaron Berson
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
Integrity Financial Planning
OCTOBER 6, 2023
While some people idealize retirement as a time of leisure, many people often view retirement as a time of financial constraint and worry. For these reasons, you might think that your money and savings will dictate your happiness. But what if we changed the narrative? What if retirement was a time when your money worked for your happiness instead of requiring you to sacrifice that happiness?
Wealth Management
OCTOBER 6, 2023
Also, Morgan Stanley launches a charitable giving program, Vyzer raises $6.3 million in seed funding and Modern Life Adds John Hancock strategies.
Discipline Funds
OCTOBER 6, 2023
Here are three things I think I am thinking about this weekend. 1) SBF is not an effective altruist. Michael Lewis has been a literary hero of mine for decades. Liars Poker was a book that both excited me about getting into the financial services industry and also made me deeply question the motives of people in the financial services industry. So I was surprised this week to see Lewis doing a book tour and framing Sam Bankman Fried as a good person who just flew too close to the sun.
Wealth Management
OCTOBER 6, 2023
BridgeFT CEO Joe Stensland talks APIs and wealthtech-as-a-service.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
Calculated Risk
OCTOBER 6, 2023
From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. As is usually the case, in September some rail sectors did better than others. There were clearly some good signs. For example, U.S. intermodal originations in September 2023 averaged 252,224 containers and trailers per week, the most for any month since October 2022.
Wealth Management
OCTOBER 6, 2023
Snowden Lane adds UBS duo with $200M in assets, PCIA moves into Memphis, another rebrand is announced and women are named to key roles at Choreo, Lido and Carson.
Calculated Risk
OCTOBER 6, 2023
From the BLS : Total nonfarm payroll employment rose by 336,000 in September, and the unemployment rate was unchanged at 3.8 percent , the U.S. Bureau of Labor Statistics reported today. Job gains occurred in leisure and hospitality; government; health care; professional, scientific, and technical services; and social assistance. The change in total nonfarm payroll employment for July was revised up by 79,000, from +157,000 to +236,000, and the change for August was revised up by 40,000, from +1
Wealth Management
OCTOBER 6, 2023
Fidelis Capital Pattners Investment Research Analyst Nick Smith likes Japan and expanding the firm's levels of interest rate risk.
Speaker: Ashley Harlan, MBA
What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.
Advisor Perspectives
OCTOBER 6, 2023
Expectations of "higher for longer" U.S. interest rates has helped drive the dollar's recent rally.
Wealth Management
OCTOBER 6, 2023
Cresset CIO Jack Ablin likes private credit, U.S. large caps and public and private equity.
Calculated Risk
OCTOBER 6, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Due to changes at the CDC, weekly cases are no longer updated. For deaths, I'm currently using 3 weeks ago for "now", since the most recent two weeks will be revised significantly. Recently hospitalizations have tripled from a low of 5,150 in June 2023. Hospitalizations had been increasing (down this week) but are far below the peak of 150,000 in January 2022.
Wealth Management
OCTOBER 6, 2023
Co-CIO Andrew Krei likes higher quality fixed income, venture capital and private equity, while avoiding AI.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Calculated Risk
OCTOBER 6, 2023
Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in September A brief excerpt: This is the first look at several early reporting local markets in September. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.
Wealth Management
OCTOBER 6, 2023
CIO Cameron Dawson is maintaining a focus on quality, especially with large-cap high-quality biotech equities.
Advisor Perspectives
OCTOBER 6, 2023
The S&P 500 snapped its 4-week losing streak after finishing up 0.48% from last Friday. The index is currently up 12.67% year to date and is 10.18% below its record close from January 3, 2022.
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