The Big Picture
NOVEMBER 1, 2023
Everybody is waiting with baited breath for today’s 2:30 announcement about the rates, but let me spare you the suspense: They are done with rate hikes this cycle. The next change in rates is more likely to be down than up. At least, if Powell & Company truly had a handle on what has been driving inflation for the past few years, that would be their position.
Wealth Management
NOVEMBER 1, 2023
These funds saw the most activity over the past 30 days.
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Calculated Risk
NOVEMBER 1, 2023
From the Census Bureau reported that overall construction spending increased: Construction spending during September 2023 was estimated at a seasonally adjusted annual rate of $1,996.5 billion, 0.4 percent above the revised August estimate of $1,988.3 billion. emphasis added Both private and public spending increased: Spending on private construction was at a seasonally adjusted annual rate of $1,555.9 billion, 0.4 percent above the revised August estimate of $1,549.6 billion.
Wealth Management
NOVEMBER 1, 2023
The deal represents the latest example of Choreo partnering with a CPA firm that owns an RIA firm.
Speaker: Claire Grosjean
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
Abnormal Returns
NOVEMBER 1, 2023
Podcast Noah Kagan talks with Morgan Housel author of "Same as Ever: A Guide to What Never Changes." (noahkagan.com) Peter Lazaroff on how to research a firm using it's Form ADV. (peterlazaroff.com) Khe Hy talks with Sarah Chappell about the challenges of walking away from good money. (podcasts.apple.com) Dan Haylett talks with Mike Drak about better retirement lifestyle design.
Wealth Management
NOVEMBER 1, 2023
Effective later this year, FCASH will be the only sweep account option for all new, non-retirement brokerage accounts opened by custody clients.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
NOVEMBER 1, 2023
Twelve questions to stimulate interest.
Calculated Risk
NOVEMBER 1, 2023
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 27, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.1 percent on a seasonally adjusted basis from one week earlier.
Wealth Management
NOVEMBER 1, 2023
The rules on using email with encryption in certain instances also were updated.
Calculated Risk
NOVEMBER 1, 2023
Fed Chair Powell press conference video here or on YouTube here , starting at 2:30 PM ET. FOMC Statement: Recent indicators suggest that economic activity expanded at a strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient.
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Wealth Management
NOVEMBER 1, 2023
Some financial planners are recommending clients buy the largest cryptocurrency — in moderation.
Calculated Risk
NOVEMBER 1, 2023
From ADP: ADP National Employment Report: Private Sector Employment Increased by 113,000 Jobs in October; Annual Pay was Up 5.7% Private sector employment increased by 113,000 jobs in October and annual pay was up 5.7 percent year-over-year, according to the October ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”).
Wealth Management
NOVEMBER 1, 2023
Open, honest and candid discussions about the latest news in the RPA industry.
Calculated Risk
NOVEMBER 1, 2023
From the BLS: Job Openings and Labor Turnover Summary The number of job openings changed little at 9.6 million on the last business day of September, the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations changed little at 5.9 million and 5.5 million, respectively. Within separations, quits (3.7 million) and layoffs and discharges (1.5 million) changed little. emphasis added The following graph shows job openings (black line), hires (dark bl
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
Wealth Management
NOVEMBER 1, 2023
Since 2018, state and local-government debt has gained in November.
Calculated Risk
NOVEMBER 1, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 214 thousand initial claims, up from 210 thousand last week.
Wealth Management
NOVEMBER 1, 2023
Experts say unconventional routes to homeownership exist for those that have the right setup and an openness to creativity.
Abnormal Returns
NOVEMBER 1, 2023
October 2023 The returns to major asset classes in October 2023. (capitalspectator.com) The S&P 500 was returned -2.10% in October 2023, which outperformed. (on.spdji.com) Rates The Treasury market has become the hot new market. (bloomberg.com) Muni bond issuance has slowed to a crawl. (finance.yahoo.com) TIPS are looking ever more attractive. (etf.com) Companies Retailers are blaming organized theft as an excuse to close stores.
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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.
Wealth Management
NOVEMBER 1, 2023
The president of Merit Financial Advisors discusses the the importance of cultivating top talent and creating a strong company culture.
Calculated Risk
NOVEMBER 1, 2023
Wards Auto released their estimate of light vehicle sales for October: October U.S. Light-Vehicle Sales Miss Expectations but Still Record 6% Increase (pay site). October’s results were below expectations, apparently due to weakness at the end of the month. Most automakers finished below mid-month projections for each, thus the industry’s overall weaker results can’t be blamed on underestimating the impacts to Ford, GM and Stellantis from the strike-related plant shutdowns.
Wealth Management
NOVEMBER 1, 2023
Discover effective tactics for acquiring and retaining advisory talent in a competitive RIA industry.
Calculated Risk
NOVEMBER 1, 2023
Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 3.1% Below Peak; Price-to-rent index is 7.0% below recent peak Excerpt: It has been over 17 years since the bubble peak. In the August Case-Shiller house price index released yesterday, the seasonally adjusted National Index (SA), was reported as being 68% above the bubble peak in 2006.
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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?
Wealth Management
NOVEMBER 1, 2023
Transcript of Episode 82 of 401(k) Real Talk.
Calculated Risk
NOVEMBER 1, 2023
(Posted with permission). The ISM manufacturing index indicated contraction. The PMI® was at 46.7% in October, down from 49.0% in September. The employment index was at 46.8%, down from 51.2% the previous month, and the new orders index was at 45.5%, down from 49.2%. From ISM: Manufacturing PMI® at 46.7% October 2023 Manufacturing ISM® Report On Business® Economic activity in the manufacturing sector contracted in October for the 12th consecutive month following a 28-month period of growth, say
The Irrelevant Investor
NOVEMBER 1, 2023
Leading Economic Indicators have been warning us of a recession for a long time. They’ve been negative on a year-over-year basis for 15 straight months, which is the second-longest streak of negative readings. Despite all the warnings and despite the Fed trying to slow the economy, it continues to march on: The unemployment rate has been below 4% for twenty straight months.
A Wealth of Common Sense
NOVEMBER 1, 2023
Today’s Animal Spirits is brought to you by Kaplan Schweser: See here to save 10% on Kaplan Schweser CFA exam prep materials On today’s show, we discuss: Gross Domestic Product, third quarter 2023 estimate The U.S. Economy is booming (for now). What does it mean? The American boom GDPNow – Federal Reserve of Atlanta Auto loan delinquencies: What do they really mean?
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Alpha Architect
NOVEMBER 1, 2023
In this episode host Belle Osvath, CFP® talks with Doug Pugliese who is the Head of 1042 QRP Strategies at Alpha Architect. They discuss 1042 exchanges which allow the owner of a closely held C-Corp to sell their equity to an employee stock purchase plan and defer long-term capital gains as long as they rollover the proceeds into a qualified investment.
Advisor Perspectives
NOVEMBER 1, 2023
Quick take : At the end of October, t he inflation-adjusted S&P 500 index price was 118% above its long-term trend, down from September. About the only certainty in the stock market is that, over the long haul, over-performance turns into underperformance and vice versa. Is there a pattern to this movement? Let's apply some simple regression analysis to the question.
Trade Brains
NOVEMBER 1, 2023
10 Best Stocks With Over 1000% Returns : Over the last few years, India has witnessed a remarkable transformation in its economic landscape under the leadership of Prime Minister Narendra Modi. His government’s pro-business policies, regulatory reforms, and commitment to bolstering the nation’s financial markets have generated a surge in investor interest and confidence.
Discipline Funds
NOVEMBER 1, 2023
The Fed has raised rates at an unprecedented pace in the last 18 months. And while it seems like they’ve been raising rates for a long time the reality is that they were playing catch up for those first 12 months and policy finally started getting tight in the last 6 months. This can be best visualized in this chart which is a rough approximation of how loose/tight the Fed has been over the last few years.
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.
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