Abnormal Returns
JUNE 28, 2024
Business Matte Reustle talks with Joseph Shaposhnik about the business of Motorola Solutions ($MSI). (joincolossus.com) Barry Ritholtz talks with Peter Rawlison, CEO of Lucid Motors ($LCID). (ritholtz.com) Finance Ted Seides talks market narratives and more with Ben Hunt. (capitalallocators.com) Matt Zeigler talks with Epsilon Theory co-founder Rusty Guinn.
The Big Picture
JUNE 28, 2024
This week, we speak with Eva Shang , co-founder, general partner, and chief executive officer of Legalist , an institutional alternative asset management firm. She leads the company’s 35-person team of engineers, attorneys, and analysts, and is a member of the firm’s valuation and investment committees. Before co-founding Legalist at 20, Eva studied economics at Harvard College.
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Abnormal Returns
JUNE 28, 2024
Strategy Is the small cap premium dead? (awealthofcommonsense.com) Home bias illustrated: the case of Canadian investors. (bnnbloomberg.ca) The financial markets are noisy. You need a path through. (marknewfield.substack.com) Companies Accenture ($ACN) is making bank on generative AI. (sherwood.news) Walgreens ($WBA) is closing hundreds of U.S. stores.
Nerd's Eye View
JUNE 28, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent study found that at a time when the number of SEC-registered broker-dealers and their registered representatives is declining, the number of SEC-registered RIAs, their assets under management, and the number of clients they serve all grew in 2023, reflecting the attractiveness of the RIA model to both advisors and clients alike and the ability for firms acro
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Advisor Perspectives
JUNE 28, 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.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
JUNE 28, 2024
Asset managers continue to launch investment products that resonate with advisors. But what assets work best in the space, and how to deploy them into client portfolios, remains up for debate.
Advisor Perspectives
JUNE 28, 2024
The US trucking market, which has been in recession for more than a year now, is poised to recover … at some unknowable point in the future.
Alpha Architect
JUNE 28, 2024
While both the S&P 500 and the Nikkei indices have recently hit all-time highs, the valuation and balance sheet data we have reviewed indicate that the downside risks in Japanese stocks appear to be far less than the risks in U.S. stocks. Evidence such as this helps explain why legendary investor Warren Buffett has been buying Japanese stocks. U.S.
Wealth Management
JUNE 28, 2024
Family offices can be strong predictors of future trends because of their uniquely long-term outlook.
Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor
During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.
Calculated Risk
JUNE 28, 2024
Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through May 2024. CPI Shelter was up 5.4% year-over-year in May, down from 5.5% in April, and down from the cycle peak of 8.2% in March 2023. Housing (PCE) was up 5.5% YoY in May , down from 5.6% in April, and down from the cycle peak of 8.3% in April 2023.
Wealth Management
JUNE 28, 2024
She’s stepped down from 2050 Wealth Partners, the RIA she co-founded with financial planner Lazetta Braxton in 2020.
Calculated Risk
JUNE 28, 2024
The BEA released the Personal Income and Outlays report for May: Personal income income increased $114.1 billion (0.5 percent at a monthly rate) in May , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes, increased $94.0 billion (0.5 percent) and personal consumption expenditures (PCE) increased $47.8 billion (0.2 percent).
Wealth Management
JUNE 28, 2024
The alternative investment manager was among the first to launch an interval fund in 2019, with a focus on private credit.
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Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.
Advisor Perspectives
JUNE 28, 2024
The BEA's Personal Income and Outlays report revealed inflation rose at its slowest monthly in the past six months. Core PCE, the Fed's favored measure of inflation, was up 0.1% from April and was up 2.6% year-over-year. Both readings were consistent with their respective forecasts.
Wealth Management
JUNE 28, 2024
The six new SMA strategies from Fidelity Investments will focus on fixed-income products and equity indices.
Calculated Risk
JUNE 28, 2024
Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in May; Up 5.9% Year-over-year A brief excerpt: On a year-over-year basis, the National FMHPI was up 5.9% in May, down from up 6.4% YoY in April. The YoY increase peaked at 19.1% in July 2021, and for this cycle, bottomed at up 0.9% YoY in April 2023. As of May, 15 states and D.C. were below their previous peaks, Seasonally Adjusted.
Advisor Perspectives
JUNE 28, 2024
Consumer sentiment fell to a 7-month low in June according to the final report for the Michigan Consumer Sentiment Index. The index dropped 0.9 points (-1.3%) to 68.2 from May's final reading. The latest reading was below the forecast of 65.6.
Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC
In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.
Calculated Risk
JUNE 28, 2024
From BofA: Since our last weekly publication, 2Q GDP tracking is down from 1.8% q/q saar to 1.7% q/q saar and 1Q GDP came in at 1.4% in the third print. Here is a rundown of changes to our tracking estimate. [June 28th estimate] emphasis added From Goldman: We left our Q2 GDP tracking estimate unchanged on net at +1.9% (qoq ar) and lowered our Q2 domestic final sales forecast by 0.4pp to +1.6%.
Advisor Perspectives
JUNE 28, 2024
Consumer attitudes are measured by two monthly surveys: the University of Michigan’s Consumer Sentiment Index (MCSI) and the Conference Board’s Consumer Confidence Index (CCI). In June, the MCSI fell to its lowest level in seven months to 68.2. Meanwhile, the CCI inched down to 100.4.
Wealth Management
JUNE 28, 2024
A rundown of some of the major trends within the ETF space during the first half of 2024,
Advisor Perspectives
JUNE 28, 2024
With the release of May's report on personal incomes and outlays, we can now take a closer look at "real" disposable personal income per capita. At two decimal places, the nominal 0.41% month-over-month change in disposable income comes to 0.42% when we adjust for inflation. The year-over-year metrics are 3.13% nominal and 0.55% real.
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Creating a winning digital lending experience requires plenty of focus on the needs of customers and more. Biz2X Chief Product Officer Aaron Traub covers everything from how to create such an experience, areas to hone in on, pitfalls to avoid, and plenty more in this insightful article. Discover how to utilize new technology without alienating existing customers, what to emphasize when working on your platform, and how to utilize the data at your disposal while not becoming overly reliant on it.
Wealth Management
JUNE 28, 2024
Understand the risks to privacy, confidentiality and fiduciary responsibility and do your best to mitigate them.
Advisor Perspectives
JUNE 28, 2024
Personal income ( excluding transfer receipts ) rose 0.5% in May and is up 4.6% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.5% month-over-month and up 2.0% year-over-year.
Indigo Marketing Agency
JUNE 28, 2024
In our Advisor Spotlight Series, we aim to highlight our amazing financial advisors who go above and beyond, whether through volunteer work, unique tax planning, or thought leadership (just to name a few). We’re proud of the incredible people who partner with us to elevate their business with the ultimate end goal of bettering others’ lives through successful wealth management.
Advisor Perspectives
JUNE 28, 2024
The latest Chicago Purchasing Manager's Index (Chicago Business Barometer) jumped to 47.4 in June from 35.4 in May. This is the first monthly increase since November of last year and largest monthly increase since July 2020. The latest reading is better than the 39.7 forecast but keeps the index in contraction territory for a seventh consecutive month.
Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker
If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!
NAIFA Advisor Today
JUNE 28, 2024
The U.S. Supreme Court’s landmark decision in Connelly v. United States has fundamentally changed the landscape of buy-sell planning for many business owners. Join us for a webinar on Tuesday, July 16, 2024, from 12:00 pm to 1:00 pm eastern , to explore these changes and learn how to navigate the new complexities of buy-sell agreements effectively. This live event is free for members.
Advisor Perspectives
JUNE 28, 2024
Valid until the market close on July 31, 2024 This article provides an update on the monthly moving averages we track for the S&P 500 and the Ivy Portfolio after the close of the last business day of the month.
Wealthfront
JUNE 28, 2024
We built the Wealthfront Cash Account to be the ideal home for your short-term cash. That’s why the Cash Account comes with a high APY and up to of FDIC insurance through our partner banks, with absolutely no account fees. It’s no secret that earning a high APY on your cash is incredibly powerful. But […] The post How To Get the Most Out of Your Cash Account appeared first on Wealthfront Blog.
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