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From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 6.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 2, 2024. The Market Composite Index, a measure of mortgage loan application volume, increased 6.9 percent on a seasonally adjusted basis from one week earlier.
Markets Good luck trying to figure out the stock market these days. (sherwood.news) Mortgage spreads have room to come down. (axios.com) Strategy The stock market is not economy, and vice versa. (awealthofcommonsense.com) What to do the next time the stock market tanks. (tonyisola.com) 'Don't panic' isn't necessarily helpful advice. (edgyoptimist.substack.com) Disney Disney ($DIS) warns about theme park weakness.
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
Podcasts Carl Richards talks with Meb Faber about what really matters. (podcasts.apple.com) Peter Lazaroff talks alts with Phil Huber, author of "The Allocator’s Edge: A Modern Guide to Alternative Investments and the Future of Diversification." (peterlazaroff.com) Barry Ritholtz talks with Dave Nadig about whether there is a wrong way to invest. (ritholtz.com) Dan Haylett talks true wealth with author Ken Honda.
Traditionally, people tend to think of their estate as comprising one big 'pot' of assets, focusing on the sum of all the assets rather than on each individual asset itself. Consequently, when in estate planning, thinking about how to divide their assets after their death, they often aim to simply apportion the whole pot among their beneficiaries, without regard to the nature of each individual asset.
Traditionally, people tend to think of their estate as comprising one big 'pot' of assets, focusing on the sum of all the assets rather than on each individual asset itself. Consequently, when in estate planning, thinking about how to divide their assets after their death, they often aim to simply apportion the whole pot among their beneficiaries, without regard to the nature of each individual asset.
From Manheim Consulting today: Wholesale Used-Vehicle Prices Increased in July Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were higher in July compared to June. The Manheim Used Vehicle Value Index (MUVVI) rose to 201.6, a decline of 4.8% from a year ago. The seasonal adjustment to the index amplified the impact on the month, resulting in values that rose 2.8% month over month.
Alberto Francis is leaving Bank of America Private Bank to form Rockview Private Wealth through LPL’s high-net-worth-focused employee affiliation model.
Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in July A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to July 2019 for each local market (some 2019 data is not available). This is the first look at several early reporting local markets in July. I’m tracking over 40 local housing markets in the US.
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.
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 240 thousand initial claims, down from 249 thousand last week.
The 20th century Baby Boom was one of the most powerful demographic events in the history of the United States. We've created a series of charts to show seven age cohorts of the employed population from 1948 to the present.
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?
Today’s Animal Spirits is brought to you by Global X: See here to learn more about Global X’s suite of ETFs On today’s show, we discuss: A few thoughts on the market sell-off The Economic Experience of Non-College Americans Over the Pandemic After Years of Raising Prices, Food Companies Hit Consumers’ Limits Labor Market Constantly Changing Investment company outlook Snow Belt to Sun Belt Migr.
“The stock market is a giant distraction from the business of investing.” – John Bogle It might not feel like it, but stocks were having one of their strongest and least volatile years ever just a few weeks ago. Now it feels like each day has more worries and more volatilty. To help, we put together this list of things to know during this latest bout of August volatility.
Investor complacency is often blamed when rising stock markets ignore potentially unsettling data for weeks and then viciously sell off. But this very human-sounding characteristic mostly isn’t in the minds of traders: It’s baked into the structure of modern investment strategies.
The IRS has recently issued new regulations clarifying the rules for required minimum distributions (RMDs) from inherited retirement accounts. These regulations bring much-needed clarity to the 10-year rule established by the Secure Act of 2019. Retirement-account beneficiaries now have a more precise understanding of when and how they must withdraw funds from their inherited accounts, helping them avoid penalties and plan their finances more effectively.
Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
Fiscal conservatism has more or less vanished from America’s political landscape. Government borrowing, despite the strong economy, continues to push public debt to record levels – and the presidential contenders and their parties say scarcely a word about it.
I was on Schwab TV Wednesday discussing the economy, the Fed and the impact on portfolios going forward. Summary: The market got ahead of itself with the “soft landing” narrative when, in reality, the Fed is far from being able to declare victory. The economic plane was slowed by the rate hikes, but is not currently stalling. The trends are mostly negative and so the Fed can’t keep flying the plane at this low altitude and slow speed or the economy will stall.
Bitcoin's price plummeted to its lowest level in over five months this past week. BTC is currently up ~27% year to date. Here's the latest charts on three of the largest cryptocurrencies by market share through 8/6/24.
Managing money with your partner is an exciting relationship milestone: It means you have a shared vision of your future and you want to figure out how to get there together. It can also be a little bit daunting. After all, money—how much you make, how you spend it, and how you direct it towards […] The post Tips for Managing Your Money as a Couple appeared first on Wealthfront Blog.
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.
Here is the latest value spread update for July from Validea’s market valuation tool. Rather than focusing on market-cap weighted indexes like the S&P 500, our tool focuses on the valuation of the average stock relative to history. We use the median of our investable universe of 2700 stocks to perform the calculation. To compare value vs. growth, we look at the top decile of the cheapest stocks and compare it to the top decile of the most expensive stocks.
Savvy advisors that blend classic prospecting methods with modern tech are not only reviving successful strategies from the past but are also setting the stage for sustainable future growth.
It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
As a financial advisor, you rely heavily on technology to keep up with market changes, client communication, portfolio management, billing, and more. But with so many broker-dealers out there, how do you choose the one with the tech stack that not only supports you, but scales with you as you grow?
The ability of AI to demonstrate empathy holds great promise for enhancing user interactions and support services. However, its current limitations highlight the irreplaceable value of human empathy.
The financial markets have been experiencing significant turbulence recently. On Monday, the U.S. stock market saw steep losses, with the Nasdaq and S&P 500 each falling by over 3% and the Dow Jones Industrial Average dropping by 2.6%. This downturn has been driven by a combination of recession fears, disappointing earnings from major tech companies, the unwind of the Yen carry trade and broader economic concerns, including rising unemployment and shrinking manufacturing activity.
Corporate borrowers are selling investment-grade bonds at the fastest clip since 2020 as companies take advantage of lower yields to issue debt before the November election.
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
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