The Big Picture
FEBRUARY 22, 2024
A quick note to answer this question: What happens after markets make a new all-time high (after a year w/o one)? Check out the table above, via Warren Pies. He spoke with Batnick and Josh earlier this month. Going back to 1954, markets are always higher one year later – the only exception was 2007. That was after housing had peaked, subprime mortgages were defaulting, and the great financial crisis was about to start.
Abnormal Returns
FEBRUARY 22, 2024
Japan The Nikkei 225 has reach an all-time high for the first time since year-end 1989. (axios.com) Just a reminder the Nikkei is still below its high on a real basis. (klementoninvesting.substack.com) ETFs Higher short term yield have been a tailwind for the innovative Alpha Architect 1-3 Month Box ETF ($BOXX). (bloomberg.com) The ECB isn't crazy about spot Bitcoin ETFs.
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Nerd's Eye View
FEBRUARY 22, 2024
At the end of each calendar year, social media platforms compile a wrap-up of each user's metrics, showing a theoretical reach for every account's best-performing piece of created media content and highlighting the "Best Of The Best" on the web, while revealing social media 'superstars' who have millions of impressions and followers. But how much do these numbers really matter for financial advisors driving the growth of their businesses?
Abnormal Returns
FEBRUARY 22, 2024
Books A Q&A with Kara Swisher author of "Burn Book: A Tech Love Story." (wired.com) A Q&A with Margot Susca author of "Hedged: How Private Investment Funds Helped Destroy American Newspapers and Undermine Democracy." (politico.com) A Q&A with Kurt Wagner's author of "Battle for the Bird: Jack Dorsey, Elon Musk, and the $44 Billion Fight for Twitter's Soul.
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.
A Wealth of Common Sense
FEBRUARY 22, 2024
A reader asks: I am 73, my wife is 58 and I have a 15 year old son. We own a small farm and house in Iowa. We also own three properties in Spain where we spend most of the year. We have no debt and are sitting on 2 million in cash, most of it is short term bills. I deal in vintage guitars and will keep doing it as long as I can. We have a great life and are careful with our spending.
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Advisor Perspectives
FEBRUARY 22, 2024
In the week ending February 17, initial jobless claims were at a seasonally adjusted level of 201,000, a decrease of 12,000 from the previous week's revised figure. The latest reading is lower than the forecast of 217,000.
Trade Brains
FEBRUARY 22, 2024
Yes Bank vs IDFC Bank : Banks are the economic engine. The higher the asset quality of banks, the better the state of the economy. Growing income and population can drive demand for goods and services in the long run. Banks facilitate the flow of money in markets following monetary policy, which determines the economy’s growth and decline. In this article, we will compare Yes Bank vs IDFC First Bank in the banking sector.
Advisor Perspectives
FEBRUARY 22, 2024
Existing home sales jumped to a five-month high in January. According to the data from the National Association of Realtors (NAR), existing home sales rose 3.1% from December to reach a seasonally adjusted annual rate of 4.00 million units. This figure came in higher than the expected 3.96 million. Existing home sales are down 1.7% compared to one year ago.
Wealth Management
FEBRUARY 22, 2024
A breakdown of the steps advisors can take to prepare for change and enhance business processes, equally effective for those at the curiosity stage or even deep into due diligence, and whether you ultimately make a move or not.
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.
The Irrelevant Investor
FEBRUARY 22, 2024
Today’s Compound and Friends is brought to you by Public: See here for more information on Publics recently launched option-trading capabilities On today’s show, we discuss: Japan’s Nikkei crosses 39,000 as robust earnings, investor-friendly measures drive risk-on sentiment How often do bear markets occur One worry right now? The calendar Conference Board gives up on US recession call&nbs.
Wealth Management
FEBRUARY 22, 2024
Pettinelli Financial Partners, a Calif.-based firm with $700 million in client assets, is moving to Stratos Wealth Partners from Osaic's Royal Alliance.
Calculated Risk
FEBRUARY 22, 2024
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Increased to 4.00 million SAAR in January Excerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2023 and 2024. Sales declined 1.7% year-over-year compared to January. This was the twenty-ninth consecutive month with sales down year-over-year.
Wealth Management
FEBRUARY 22, 2024
Technology innovations have made it easier than ever for non-retirement-expert advisors to offer retirement solutions.
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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.
MainStreet Financial Planning
FEBRUARY 22, 2024
Managing cash flow in retirement is a crucial aspect of financial planning that can feel daunting after decades of receiving regular paychecks. Here are some strategies to consider: 1. Comprehensive Income Assessment : Start by compiling a list of all potential sources of retirement income, including pensions, annuities, deferred compensation, Social Security, net rental income, dividends, and part-time or consulting work. 2.
Wealth Management
FEBRUARY 22, 2024
The capital from Allianz and Constellation Wealth will be used AlTi Global to pursue organic and acquisition-based growth strategies.
Calculated Risk
FEBRUARY 22, 2024
The DOL reported : In the week ending February 17, the advance figure for seasonally adjusted initial claims was 201,000 , a decrease of 12,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 212,000 to 213,000. The 4-week moving average was 215,250, a decrease of 3,500 from the previous week's revised average.
Wealth Management
FEBRUARY 22, 2024
Kingswood now has until March 15 to complete its merger with broker/dealer aggregator Wentworth.
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
Calculated Risk
FEBRUARY 22, 2024
From the NAR: Existing-Home Sales Rose 3.1% in January Existing-home sales grew in January, according to the National Association of REALTORS®. Among the four major U.S. regions, sales accelerated in the Midwest, South and West, and remained steady in the Northeast. Year-over-year, sales improved in the West, and decreased in the Northeast, Midwest and South.
Wealth Management
FEBRUARY 22, 2024
Clients and advisors alike can benefit from a focus on mitigating taxes.
Advisor Perspectives
FEBRUARY 22, 2024
The Chicago Fed National Activity Index (CFNAI) dropped to -0.30 in January from +0.02 in December. Three of the four broad categories of indicators used to construct the index decreased from December and three categories made negative contributions in January. The index's three-month moving average, CFNAI-MA3, rose to -0.02 in January from -0.14 in December.
Wealth Management
FEBRUARY 22, 2024
Uncertain economic indicators bode well for investment in infrastructure.
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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.
Calculated Risk
FEBRUARY 22, 2024
What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For January, Realtor.com reported inventory was up 7.9% YoY, and down 40% compared to January 2019. Now - on a weekly basis - inventory is up 15.7% YoY, and that would put inventory still down about 39% compared to February 2019.
Trade Brains
FEBRUARY 22, 2024
Texmaco : The Indian railway industry has always been known for staying strong and bouncing back from challenges. In recent years, this reputation has proven true, as many railway companies have seen consistent growth with strong order books and steady profits made. One big reason for the railway industry’s steady performance is the help it gets from the Indian government.
Wealth Management
FEBRUARY 22, 2024
The RIA has brought on Gün Keresteci, former global head of finance at McKinsey.
Trade Brains
FEBRUARY 22, 2024
BEML The Indian government has taken important steps to encourage the development and production of defense equipment within the country. This aims to create a sustainable defense industry and reduce reliance on imports. The “Atmanirbhar Bharat” initiative, promoting self-reliance, has given a strong push towards achieving this goal. These government policies have opened up opportunities for Indian companies to play a significant role in designing, developing, and manufacturing defen
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
FEBRUARY 22, 2024
One of the pleasant surprises of 2023 was how quickly inflation decelerated in major economies. Most of the good news came from falling goods prices.
Validea
FEBRUARY 22, 2024
David Einhorn said in a recent podcast interview that he feels that the market is broken. He has made significant changes to his investment approach as a result. Much of the basis for his assertion is based on the work of Simplify’s Mike Green, who has been warning investors about the dangers of passive investing for many years. In this episode, we are fortunate to have Mike back for his third appearance on the podcast.
Advisor Perspectives
FEBRUARY 22, 2024
The relatively new category of buffered or “defined-outcome” ETFs has grown to $30 billion in assets, with more than $10 billion in inflows in 2023 alone. Amid significant uncertainty surrounding the Fed's trajectory for rate cuts, geopolitical tensions, and a presidential election year, investors are seeking new ways to mitigate risk in their portfolio while still participating in the returns of the equity market.
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