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.
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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.
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: 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
Million Dollar Round Table (MDRT)
JULY 7, 2024
By Sukhi Wahiwala Have you ever experienced an infinite loop of wasting time? It’s likely you often do. At Harvard University, they say people get distracted every three minutes. It then takes 15 minutes to regain the same level of focus. The dreaded infinite loop of time-wasting is the process of starting something and hitting a delay every three minutes, which then significantly stretches out the time it takes for you to complete a task.
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
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 %.
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.
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.
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.
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.
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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.
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.
Advisor Perspectives
JULY 7, 2024
Tariffs do more harm than good to nations that impose them.
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