Abnormal Returns
DECEMBER 17, 2023
Top clicks this week What's behind the resurgence in crypto prices? (marginalrevolution.com) There's a good chance you need to rebalance your portfolio. (morningstar.com) Ten quotes from Charlie Munger including "Take a simple idea and take it seriously." (mastersinvest.com) Why do people still try to forecast a year ahead? (behaviouralinvestment.com) Some data matters more than others for the stock market.
A Wealth of Common Sense
DECEMBER 17, 2023
After suffering drawdowns of 21%, 25% and 35% in the bear market of 2022, the Dow, S&P 500 and Nasdaq 100 all broke even on a total return basis this week: Sure that means these markets went nowhere for nearly two years but just look at the returns since the start of 2020: Considering everything we’ve lived through those returns are not bad at all.
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Million Dollar Round Table (MDRT)
DECEMBER 17, 2023
By Meridith Elliott Powell Change can be your greatest opportunity if you see it coming. If you ignore change, it will bury you. Change is like a muscle, and the more you work it, the more you think about it, the more you talk about it, the more prepared for change you are going to be. You need to condition yourself for change, which you can do using a tool called a SCEPTIC, which stands for Society Competition Economics Politics Technology Industry Customers Here is how it works: Every few mont
Random Roger's Retirement Planning
DECEMBER 17, 2023
Following up on Friday's post, today will reiterate a few concepts we've been looking at for many years. Yahoo warned of potential problems retirees may face if their plan is to rely solely on Social Security. What I think they means is retirees for whom Social Security is their only resource. That may or may not turn out to be a problem depending on the dollars involved, lifestyle choices and of course whether the threats of a 20-25% haircut come to pass.
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Calculated Risk
DECEMBER 17, 2023
From STR: U.S. hotel results for week ending 9 December U.S. hotel performance increased from the previous week, according to CoStar’s latest data through 9 December. 3-9 December 2023 (percentage change from comparable week in 2022): • Occupancy: 58.7% (-1.1%) • Average daily rate (ADR): US$153.36 (+4.5%) • Revenue per available room (RevPAR): US$89.98 (+3.3%) emphasis added The following graph shows the seasonal pattern for the hotel occupancy rate using the four-week average.
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Calculated Risk
DECEMBER 17, 2023
Weekend: • Schedule for Week of December 17, 2023 Monday: • At 10:00 AM ET, The December NAHB homebuilder survey. The consensus is for a reading of 37, up from 34. Any number below 50 indicates that more builders view sales conditions as poor than good. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 and DOW futures are mostly unchanged (fair value).
Trade Brains
DECEMBER 17, 2023
Best Metal Stocks With High FII Holdings : Foreign Institutional Investors (FIIs) play an important role in boosting investor confidence. Their participation shows that these investors undertook extensive due diligence and analysis before contributing their funds. The participation of FIIs can be interpreted as a vote of confidence in a company’s prospects, adding to a stock’s appeal as a possible investment opportunity.
Advisor Perspectives
DECEMBER 17, 2023
If today were the last day of 2023, Bitcoin would have returned almost 155%, marking the best year since 2020, when it rose a phenomenal 305%.
oXYGen Financial
DECEMBER 17, 2023
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.
Advisor Perspectives
DECEMBER 17, 2023
If you really want to reduce the federal debt, you don’t have to convince Congress of anything. You can just write a check. The Treasury Department gladly accepts gifts from anyone so inclined.
The Big Picture
DECEMBER 17, 2023
Spotify : YouTube : Do they think we’re deaf? Why can’t they leave well enough alone? And going straight to the heart of the matter, John would have HATED this record. After the Beatles, John wanted to strip things down and make them more impactful. His vocal was up front and the records tended to be simple, even if produced by Phil Spector. Hell, listen to “Instant Karma,” that crunchy drum sound, but mostly John’s insightful and obvious yet with all his personality vocal.
Advisor Perspectives
DECEMBER 17, 2023
As markets staged a monster rally following the Federal Reserve’s shift toward loosening monetary policy, one corner of the financial system had reason to remain on edge.
The Big Picture
DECEMBER 17, 2023
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • Retailers have a crime problem. It’s in the numbers : The issue is complex and often clouded by imprecise data. Sometimes from the industry itself. ( Retail Dive ) • Guns are seized in U.S. schools each day. The numbers are soaring. Last school year, news reports identified more than 1,150 guns brought to K-12 campuses but seized before anyone fired them, according to an investigation by The Washington Po
Speaker: Aaron Berson
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
Advisor Perspectives
DECEMBER 17, 2023
The market anticipates a swift shift in the Fed cycle.
Abnormal Returns
DECEMBER 17, 2023
Permabears Ben Carlson, "I will never understand the permabear mindset – these people that prey on the fears of others for personal gain." (awealthofcommonsense.com) How do permabears attract such big followings? (priceactionlab.com) Strategy You need to look yourself in the mirror if you have been fighting the market. (theirrelevantinvestor.com) Why most people keep their hands off their 401(k) plans.
Advisor Perspectives
DECEMBER 17, 2023
Mutual Series sees an increasing number of investment opportunities in real assets.
Advisor Perspectives
DECEMBER 17, 2023
A rally in this year’s laggards shows investors are now going “all-in” on expectations of a flurry of central bank rate cuts next year, according to Bank of America Corp.’s Michael Hartnett.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.
Advisor Perspectives
DECEMBER 17, 2023
With stocks racing to record highs, diminishing expectations of a recession, and hopes that the Federal Reserve could potentially reduce interest rates multiple times next year, risk appetite is being reborn.
Advisor Perspectives
DECEMBER 17, 2023
While inflation isn’t yet at the 2% range that the Federal Reserve has been targeting, it’s getting there. At least, it’s getting close enough for it to ease up on the gas on raising interest rates. In fact, the Fed could pump the brakes next year.
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