The Big Picture
JULY 7, 2024
@TBPInvictus here If you’re tired of California-minimum-wage-and-its-impact-on-limited-service-restaurant-employment stories, I understand. Leave this page immediately. I’m tired of it, too, but some stories are so factually challenged that they demand a response. So, allow me to address a hot mess of a story that appeared recently in the California Globe.
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? (awealthofcommonsense.com) Beware small sample sizes.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Calculated Risk
JULY 7, 2024
Weekend: • Schedule for Week of July 7, 2024 Monday: • No major economic releases scheduled. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 9 and DOW futures are down 59 (fair value). Oil prices were higher over the last week with WTI futures at $83.16 per barrel and Brent at $86.54 per barrel. A year ago, WTI was at $74, and Brent was at $79 - so WTI oil prices are up about 12% year-over-year.
Abnormal Returns
JULY 7, 2024
Markets How the rise of automated investing has changed the stock market. (awealthofcommonsense.com) When did the 'degenerate economy' really take hold? (howardlindzon.com) Crypto Mt Gox's Bitcoins are in motion. (axios.com) Why Bitcoin miners are of interest, i.e. they have power to run data centers. (coindesk.com) AI Do we really want our AI assistants emailing back and forth?
Speaker: Erroll Amacker
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
Calculated Risk
JULY 7, 2024
Note: I covered apartments and offices in the newsletter: Moody's: Apartment Vacancy Rate Unchanged in Q2; Office Vacancy Rate at New Record High From Moody’s Analytics economists: Apartment Demand Slowly Catching Up, Office Stress Continued to Manifest, Retail Resilient Despite Bankruptcies, And Industrial Cools Down The Q2 2024 data maintained its familiar trend with the retail vacancy rate holding steady at 10.4 %.
A Wealth of Common Sense
JULY 7, 2024
I’ve been writing about the housing market for years now. It fascinates me to no end because housing is one of the most important decisions from a personal and financial perspective. In recent years, much of my focus has been on how broken the residential housing market is. Higher prices and mortgage rates have driven housing affordability to levels we’ve never seen before in the United States.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Trade Brains
JULY 7, 2024
Ladder Bottom Candlestick Pattern: It is crucial to understand candlestick patterns for technical analysis because they provide insight into the price movements of securities. We will explore the significance, creation, and trading techniques associated with the ladder bottom pattern among the various candlestick patterns available. The formation of patterns assists traders in determining the trajectory of security, allowing them to identify favourable entry and exit points and develop effective
Advisor Perspectives
JULY 7, 2024
Last week, the Supreme Court overturned a decades-old legal doctrine that gave federal regulators the power to interpret unclear laws. This touched off a lot of wild rhetoric about the end of the administrative state.
Trade Brains
JULY 7, 2024
The stock market is a place where public company shares are bought and sold. When we buy stock, we own a part of the company. The value of our ownership is determined by how many shares the company has issued and how many we have. The stock market is governed by rules to ensure fair and transparent trading. Stock prices are influenced by both fundamental and technical factors, such as company performance, market sentiment, and previous price action.
Advisor Perspectives
JULY 7, 2024
New British Prime Minister Keir Starmer promised a government of “stability and moderation” after leading his Labour Party to a landslide election victory that ended 14 years of Conservative rule that became characterized by turmoil and infighting.
Advertisement
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.
Random Roger's Retirement Planning
JULY 7, 2024
A whole lot of retirement focused articles to hit on today. First is The Money Habits I Learned From My Parents-for Better or Worse. This is very interesting to me on a personal level. I was somehow aware of how bad my parents were with their money when I was very young and I've described it before as having benefitted from my parents mistakes. The comments were interesting.
Advisor Perspectives
JULY 7, 2024
On the surface, the US employment report for June looked pretty good. Some 206,000 jobs were added, which exceeded the 190,000 median estimate of more than five dozen economists surveyed by Bloomberg. Also, wage growth continued to moderate, easing concern that fast-rising earnings would underpin inflation.
The Big Picture
JULY 7, 2024
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • “The Bear” confronts Carmy’s nightmare: A boss who believes in creating excellence through pain : Bosses like Joel McHale’s NYC chef, who haunted Carmy and this show’s viewers since the start, are all too common. ( Salon ) • Why GPS Is Under Attack : The Global Positioning System runs the modern world.
Advisor Perspectives
JULY 7, 2024
Worried that inflation is coming down too gradually? The Romans had a not-so-subtle solution: Anyone suspected of ratcheting up prices faced execution. If you’re currently anxious about declining fertility across today’s major economies, they had an answer for that, too: Celibacy was discouraged among women, Vestal Virgins excluded. Offenders might forfeit their inheritance.
Advertisement
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?
Advisor Perspectives
JULY 7, 2024
Tariffs do more harm than good to nations that impose them.
Advisor Perspectives
JULY 7, 2024
The Canadian labor market unexpectedly lost jobs for the second time in four months, keeping the central bank on track to further cut rates this year.
Expert insights. Personalized for you.
338 
Let's personalize your content