Abnormal Returns
JUNE 7, 2024
Markets Why the ranks of 'degens' are growing. (wsj.com) How to avoid the meme stock drama. (morningstar.com) Some math that traders need to know. (scheplick.com) Crypto What Robinhood ($HOOD) wants with BitStamp. (blockworks.co) Autos The car market is normalizing. (nytimes.com) Unsold Tesla ($TSLA) inventory is piling up. (sherwood.news) Tourism How much does tourism help you understand about another country?
Nerd's Eye View
JUNE 7, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that recent surveys indicate that consumers continue to trust human financial advisors more than Artificial Intelligence (AI)-powered tools. Nonetheless, respondents (particularly those in younger generations) do not see this as an either-or choice, but rather anticipate benefitting from working with human advisors who leverage AI tools for certain tasks (e.g., detecting fraud
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Abnormal Returns
JUNE 7, 2024
Listening The best podcasts of 2024 including 'Stick the Landing' from The Ringer. (time.com) Reese’s Book Club has an audio home on Apple Books. (theverge.com) Economy Ezra Klein talks with Annie Lowery about the growing economic disconnect. (podcasts.apple.com) Jerusalem Demsas talks with Natalia Emanuel on whether remote work actually works for women.
Calculated Risk
JUNE 7, 2024
The headline jobs number in the May employment report was well above expectations, however March and April payrolls were revised down by 15,000 combined. The participation rate and employment population ratio decreased, and the unemployment rate increased to 4.0%. Construction employment increased 21 thousand and is now 613 thousand above the pre-pandemic level.
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.
Wealth Management
JUNE 7, 2024
According to the new Capgemini World Wealth Report, advisors and families offices are eyeing the same pool of ultra-wealthy clients. By working together, they could both benefit.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
A Wealth of Common Sense
JUNE 7, 2024
Americans are earning more income from their investments than ever before. Here’s the data from the Wall Street Journal: Americans in the first quarter earned about $3.7 trillion from interest and dividends at a seasonally adjusted annual rate, according to the Commerce Department, up roughly $770 billion from four years earlier. That’s a whole lot of passive income.
Advisor Perspectives
JUNE 7, 2024
Let's take a close look at May's employment report numbers on Full and Part-Time Employment. The latest data shows that 82.6% of total employed workers are full-time (35+ hours) and 17.
Random Roger's Retirement Planning
JUNE 7, 2024
A bunch of quick hits from this weekends Barron's as the articles come out today. For all the worry about retirement readiness, Barrons found a survey where retirees say they are doing just fine. That's great but not really what the potential crisis is about. If there is a problem, it is with people still working who are collectively very undersaved for their retirement.
Calculated Risk
JUNE 7, 2024
The Federal Reserve released the Q1 2024 Flow of Funds report today: Financial Accounts of the United States. The net worth of households and nonprofits rose to $160.8 trillion during the first quarter of 2024. The value of directly and indirectly held corporate equities increased $3.8 trillion and the value of real estate increased $0.9 trillion. Household debt increased 2.9 percent at an annual rate in the first quarter of 2024.
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.
Wealth Management
JUNE 7, 2024
Political contributions can pose compliance concerns—and reputational risks—to firms in a hotly contested election year.
The Better Letter
JUNE 7, 2024
In his early days as a professional investor, Warren Buffett focused on “ cigar butt ” stocks. “If you buy a stock at a sufficiently low price, there will usually be some hiccup in the fortunes of the business that gives you a chance to unload at a decent profit, even though the long-term performance of the business may be terrible.
Wealth Management
JUNE 7, 2024
Cresset is acquiring the Michigan-based $1.6 billion family office Connable Group. The acquisition will Cresset's AUM above $52 billion.
Calculated Risk
JUNE 7, 2024
From the BLS : Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0 percent , the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in several industries, led by health care; government; leisure and hospitality; and professional, scientific, and technical services.
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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.
Wealth Management
JUNE 7, 2024
Merchant expects to double its network of RIAs over the next two to three years, as it continues to expand globally.
Advisor Perspectives
JUNE 7, 2024
As of Q1 2024, the latest Fed balance sheet indicates that household net worth has risen 171% since reaching its 2009 low. However, when adjusted for inflation, household net worth has actually increased by only 86% since the 2009 trough.
Wealth Management
JUNE 7, 2024
AdviserCyber's Michael Cocanower details what the pending regulations mean for RIAs.
Calculated Risk
JUNE 7, 2024
From BofA: Since last week,1Q GDP tracking is up from 1.3% q/q saar to 1.6% q/q saar and 2Q GDP tracking is down two-tenths to 1.6%. [June 7th estimate] emphasis added From Goldman: Wholesale inventories increased somewhat below consensus expectations and the preliminary report. We lowered our Q2 GDP tracking estimate to +2.1% (qoq ar) , reflecting weaker details in yesterday’s trade report.
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
Wealth Management
JUNE 7, 2024
The importance of a household approach, value addition, and effective change management strategies.
Advisor Perspectives
JUNE 7, 2024
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process.
Wealth Management
JUNE 7, 2024
Lido Advisors Chief Market Strategist Walker Williams talks about all things risk.
Calculated Risk
JUNE 7, 2024
Today, in the Real Estate Newsletter: The "Home ATM" Mostly Closed in Q1 Excerpt: During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.
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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.
Wealth Management
JUNE 7, 2024
Ken Denman has also joined TIFIN's Board of Directors.
Advisor Perspectives
JUNE 7, 2024
There is a general belief that there are four big indicators that the NBER Business Cycle Dating Committee weighs heavily in their cycle identification process. This commentary focuses on one of those indicators, nonfarm employment. May saw a 272,000 increase in total non-farm payrolls and the unemployment inched up to 4.0%.
Wealth Management
JUNE 7, 2024
JFG’s CIO Dominic Ceci discusses the $10 billion RIA’s rules-based rebalancing approach, the opportunity he sees in reinsurance, and the decision to phase out the cash allocation over the next year.
Advisor Perspectives
JUNE 7, 2024
The S&P 500 rebounded from last week, finishing up 1.32% from a week ago. The index is currently up 12.74% year to date and has recorded a new all-time high 25 times this year.
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!
Trade Brains
JUNE 7, 2024
Auto Stocks: The Indian motorcycle industry is the favoured and always beloved Industry among commuters and enthusiasts alike. In most tier 2 and tier 3 cities it is the primary mode of transportation for people with a budget. This industry is experiencing a new wave of excitement with the entry of foreign automobile companies partnering with well-known Indian brands.
Advisor Perspectives
JUNE 7, 2024
While governments responsibly issue debt to fund public investment and dampen the business cycle, the US federal government has borrowed at an increasingly prolificate pace over recent decades.
Trade Brains
JUNE 7, 2024
Angel One: Imagine a bustling marketplace, not for fruits and vegetables, but for a different kind of treasure, the ownership in companies. This is the stock market, a dynamic space where businesses raise capital and ambitious individuals chase the potential for growth. But how does one participate in this complex ecosystem? Enter the realm of brokerage firms, your trusted guides in this financial odyssey.
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