Abnormal Returns
DECEMBER 26, 2023
Quant stuff You don't want your AI model to 'hallucinate' when analyzing SEC filings. (cnbc.com) A round-up of recent research on portfolio design including 'Outperforming Equal Weighting.' (capitalspectator.com) Regime changes happen in markets. (priceactionlab.com) Research Can machine learning help select outperforming mutual funds? (alphaarchitect.com) The Achilles heel of momentum strategies is tail risk.
Nerd's Eye View
DECEMBER 26, 2023
Welcome everyone! Welcome to the 365th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Rob Nelson. Rob is the CEO and Founder of NorthRock Partners, an RIA based in Minneapolis, Minnesota, that oversees $5 billion in assets under management for 1,500 client households. What's unique about Rob, though, is how while many advisory firms increasingly talk about being more than 'just' their client's financial advisor and instead their entire 'personal CFO', Rob has b
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Abnormal Returns
DECEMBER 26, 2023
Markets Nick Maggiulli, "What will cause the next market decline? I have no clue." (ofdollarsanddata.com) It's not news that the stock market goes up most years. (humbledollar.com) Finance Bank of America ($BAC) has turned around its trading division. (ft.com) The most active growth stage investors of 2021-22 have pulled WAY back. (news.crunchbase.com) Global Is China's stock market finally cheap enough for another look?
A Wealth of Common Sense
DECEMBER 26, 2023
In late-2019, The Economist put out a 150 page report called The World in 2020 that offered some predictions for the coming year in geopolitics and the economy. The issue was full of thoughts and ideas from CEOs, economists, scientists, politicians and business leaders about what was coming in the year ahead. These thought leaders were worried about the lasting impacts of Brexit, the upcoming U.S.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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.
Alpha Architect
DECEMBER 26, 2023
For many benchmark predictor variables, short-horizon return predictability in the U.S. stock market is local in time as short periods with significant predictability (“pockets”) are interspersed with long periods with no return predictability. Are stock returns predictable at different points in time? was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
DECEMBER 26, 2023
S&P/Case-Shiller released the monthly Home Price Indices for October ("October" is a 3-month average of August, September and October closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P S&P CoreLogic Case-Shiller Index Accelerates in October The S&P CoreLogic Case-Shiller U.S.
Advisor Perspectives
DECEMBER 26, 2023
“I believe the overall market will be up 10% to 15% from today's level by the end of 2024,” said Jeremy Siegel in our annual interview.
Calculated Risk
DECEMBER 26, 2023
Today, in the Calculated Risk Real Estate Newsletter: FHFA’s National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores A brief excerpt: Here are some graphs on outstanding mortgages by interest rate, the average mortgage interest rate, borrowers’ credit scores and current loan-to-value (LTV) from the FHFA’s National Mortgage Database through Q3 2023 (released last Friday).
Cornerstone Financial Advisory
DECEMBER 26, 2023
Weekly Market Insights : Investors Boost Stocks Ahead Of Holiday Week Investor optimism and fears of missing out on future gains propelled stocks higher in the last full week of trading before year-end. The Dow Jones Industrial Average added 0.22%, while the Standard & Poor’s 500 gained 0.75%. The Nasdaq Composite index advanced 1.21% for the week.
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.
Advisor Perspectives
DECEMBER 26, 2023
The final estimate for Q3 GDP came in at 4.87%, an acceleration from 2.06% for the Q2 final estimate. With a per-capita adjustment, the headline number is lower at 4.26%, an increase from 1.60% for the Q2 headline number.
Carson Wealth
DECEMBER 26, 2023
Four More Reasons ’24 Should Be a Good One for the Bulls “Investing is like dieting. It is simple, but not easy.” — Warren Buffett, Berkshire Hathaway Looking ahead to 2024, there are four reasons for bulls to smile. Sour consumer sentiment has improved as income gains, rising home prices, stock gains, low gas prices, and falling mortgage rates have kept households in the holiday spirit.
Advisor Perspectives
DECEMBER 26, 2023
The Conference Board's Consumer Confidence Index® ended the year with a surge as it climbed 9.7 points from last month, marking its largest monthly increase in almost 3 years. The index increased to 110.7 from November's downwardly revised 101.0. This month's reading was better than expected, exceeding the 103.8 forecast.
Million Dollar Round Table (MDRT)
DECEMBER 26, 2023
By Matt Pais, MDRT Content Specialist It’s no secret that people can see physical results from working out their bodies. Yolie Aleman-Rodriguez , a five -year MDRT member from Tolleson, Arizona, also sees results from working out her mind. Before she exercises for one hour each morning, she reads for an hour — it might be a book pertaining to her career, a biography of a leader like John F.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
Advisor Perspectives
DECEMBER 26, 2023
Advisors are being asked to provide their clients with a full suite of solutions, ranging from estate and tax planning to portfolio management, and everything in between. Clients are increasingly eager to gain access to fully customizable solutions that meet their individual needs. Advisors, meanwhile, are facing constraints while grappling with a volatile market, and their relationships with clients are being tested.
Calculated Risk
DECEMBER 26, 2023
Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 4.8% year-over-year in October Excerpt: S&P/Case-Shiller released the monthly Home Price Indices for October ("October" is a 3-month average of August, September and October closing prices). October closing prices include some contracts signed in June, so there is a significant lag to this data.
Advisor Perspectives
DECEMBER 26, 2023
Personal income ( excluding transfer receipts ) rose 0.5% in November and is up 5.7% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.6% month-over-month and 2.9% year-over-year.
Random Roger's Retirement Planning
DECEMBER 26, 2023
Kris Abdelmessih took down covered call ETFs in a short but comprehensive blog post. It's an old post from last February so things have evolved in the space since then but his post is more about mechanics, specifically hidden costs beyond the expense ratio. The important takeaway is that liquidity providers know when funds need to come to market to sell calls.
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
Advisor Perspectives
DECEMBER 26, 2023
FINRA has released new data for margin debt, now available through November. The latest debt level rose for the first time in four months to $660.89 billion. Margin debt is up 4.0% month-over-month (MoM) and up 2.7% year-over-year (YoY). However, after adjusting for inflation, debt level is up 4.2% MoM and down 0.5% YoY.
Financial Symmetry
DECEMBER 26, 2023
As we continually help people reach for their ideal retirement we help them with their investing. Still, we also continually look for new sources of information to refresh our own perspectives but to also help our clients freshen their thinking … Continued The post 15 Surprising Financial Facts to Round out 2023, Ep #206 appeared first on Financial Symmetry, Inc.
Advisor Perspectives
DECEMBER 26, 2023
Something odd is happening to the world’s most valuable resource. Time is simultaneously speeding up and slowing down. We live in a world of instant communications and superfast internet. We also live in a world of infrastructure projects that crawl along for decades.
Calculated Risk
DECEMBER 26, 2023
From Matthew Graham at Mortgage News Daily: Uncanny Absence of Volatility Continues For Mortgage Rates After dropping precipitously from over 8% in late October to well under 7% by December 14th, mortgage rates have been stone silent. In the 7 business days that have followed, the average top tier 30yr fixed rate hasn't moved enough to impact the typical mortgage quote.
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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.
Advisor Perspectives
DECEMBER 26, 2023
Consumer sentiment soared in December, erasing all declines from the past four months, according to the final report for the Michigan Consumer Sentiment Index. The index came in at 69.7, up 8.4 (13.7%) from the November final. The latest reading was above the forecast of 69.
Calculated Risk
DECEMBER 26, 2023
Two key points: 1) There is a clear seasonal pattern for house prices. 2) The surge in distressed sales during the housing bust distorted the seasonal pattern. This was because distressed sales (at lower price points) happened at a steady rate all year, while regular sales followed the normal seasonal pattern. This made for larger swings in the seasonal factor during the housing bust.
Advisor Perspectives
DECEMBER 26, 2023
The growing gap between the rate on the Federal Reserve’s nascent funding facility and what the central bank pays institutions parking reserves suggests officials will let the program expire in March, according to Wrightson ICAP.
Trade Brains
DECEMBER 26, 2023
Strip Options Strategy : In the financial markets, trading options can be quite rewarding, but it can also be difficult. Fortunately, various types of strategies are practised to be profitable in different market conditions. One such strategy to know is the Strip Options Strategy. In this article, we shall explore the bearish biased neutral options strategy i.e., the Strip Options Strategy.
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!
Advisor Perspectives
DECEMBER 26, 2023
The Federal Housing Finance Agency (FHFA) house price index (HPI) continued to increase in October, coming in at 416.3. U.S. house prices increased by 0.3% from the previous month and by 6.3% from one year ago. After adjusting for inflation, the real index is up 0.4% month-over-month and up 4.8% year-over-year.
Walkner Condon Financial Advisors
DECEMBER 26, 2023
The post Season’s Greetings from Walkner Condon! Nate & Clint talk holiday traditions. first appeared on Walkner Condon Financial Advisors. The post Season’s Greetings from Walkner Condon! Nate & Clint talk holiday traditions. appeared first on Walkner Condon Financial Advisors.
Advisor Perspectives
DECEMBER 26, 2023
In November, nominal home values increased for a 8th straight months while "real" home values fell for a 3rd straight month. Last month's ZHVI came in at $346,048, up 0.19% from the previous month and up 2.24% from one year ago. However, after adjusting for inflation, the real figures are -0.31% month-over-month and -4.16% year-over-year.
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