Abnormal Returns
JULY 11, 2024
Defense How Russia has adapted to Western weapons in Ukraine. (wsj.com) Advances in drone warfare has happened outside the purview of the defense giants. (on.ft.com) GPS is increasingly under attack. (nytimes.com) Gambling Stock trading continues to migrate onto smartphones and apps. (bloomberg.com) Smartphones and ubiquitous gambling go hand-in-hand.
Nerd's Eye View
JULY 11, 2024
Meaningful communication is crucial to building strong, durable relationships, and asking effective questions is an essential part of facilitating impactful conversations. Being able to initiate and lead those conversations has become an important aspect of any financial advicer's skill set , but for many, it's one that isn't always as straightforward or easy to learn … particularly for advicers who might be happiest when nerding out with spreadsheets and flowcharts!
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Abnormal Returns
JULY 11, 2024
Markets Today's constructive CPI report rang a bell for financial markets. (sherwood.news) Falling interest rates helped push 30-year mortgage rates well below 7.0%. (mortgagenewsdaily.com) Finance Private equity firms just can't quit dividend recaps. (finance.yahoo.com) The market for leveraged loans is open for business, especially refinancings. (wsj.com) Weight loss drugs Patients with Type 2 diabetes are struggling to get GLP-1 drugs.
A Wealth of Common Sense
JULY 11, 2024
A reader asks: On this week’s episode, you guys mention that nobody uses the 4% rule. I have been tracking my annual expenses for the last few years and multiplying it by 25 as a ballpark figure of what I need to retire. Is this not a good way to estimate? If not, what do you suggest? Sorry if this is a dumb question, but yes, I have read this in a lot of blogs.
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.
Calculated Risk
JULY 11, 2024
Here are a few measures of inflation: The first graph is the one Fed Chair Powell had mentioned when services less rent of shelter was up around 8% year-over-year. This declined, but has turned up recently, and is now up 4.8% YoY. Click on graph for larger image. This graph shows the YoY price change for Services and Services less rent of shelter through May 2024.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Advisor Perspectives
JULY 11, 2024
No investor wants to miss the wave of a massive, transformational technology. Spot these big shifts early, and you have a chance at Nvidia-like returns.
Wealth Management
JULY 11, 2024
Rock House Financial, which works with business owners, women and social media influencers, manages $272 million in assets.
Trade Brains
JULY 11, 2024
Ambuja Cements: We all know that the Indian construction industry is a vast canvas which constantly undergoes development. Ambuja Cement being a brand which has been a trusted supplier of building blocks for this progress has entered into a new chapter. Their recent acquisition has lightened things up and promises to redefine the company’s position.
Wealth Management
JULY 11, 2024
Precise index projections have never served investors well.
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.
Advisor Perspectives
JULY 11, 2024
As Pete Stavros addressed the private equity industry’s yearly shindig in Berlin last month, the KKR & Co. executive’s words were slightly less headline grabbing than those of Apollo Global Management’s co-president Scott Kleinman. But they were just as troubling.
Wealth Management
JULY 11, 2024
FINRA accused D. Allen Blankenship of unsuitable mutual fund trading. Still, the broker is looking to SEC v. Jarkesy and claiming the disciplinary proceedings violate his right to a jury trial.
Discipline Funds
JULY 11, 2024
Thursday’s CPI report was a big downside surprise as more signs of disinflation appeared across the economy. Core CPI rose 0.06% in June which brought the annualized rate to 3.27%. That’s the lowest rate since 2021. The big driver in the downside miss was shelter, which finally appears to be catching up to what we’ve been seeing across real-time shelter metrics.
Wealth Management
JULY 11, 2024
C&J Wealth represents Modern Wealth’s ninth acquisition in the last 14 months and provides a foothold in the South.
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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
JULY 11, 2024
The DOL reported : In the week ending July 6, the advance figure for seasonally adjusted initial claims was 222,000 , a decrease of 17,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 238,000 to 239,000. The 4-week moving average was 233,500, a decrease of 5,250 from the previous week's revised average.
Wealth Management
JULY 11, 2024
Stratos Private Wealth President Jeff Brown details his journey.
MainStreet Financial Planning
JULY 11, 2024
As a parent and financial planner, ensuring that we make the smartest financial decisions for our families is crucial. In this article, we will explore three popular savings and investment options: 529 Plans, Roth IRAs, and Real Estate. Each has unique benefits and drawbacks, and understanding these can help you decide which fits best with your financial situation, risk tolerance, and goals. 529 Plans 529 Plans are specialized savings accounts designed to help families save for future education
Wealth Management
JULY 11, 2024
Jonathan Connolly, previously a managing director and head of trust at Wealthspire, will serve as president of the new trust company.
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
Carson Wealth
JULY 11, 2024
Financial planning for a small business gets more complicated every day. Business owners must navigate tax efficiency (and life under the new Tax Cuts and Jobs Act), retirement preparations for yourself and your employees, and succession planning. Get your financial plan in place today and prepare for what tomorrow brings with our guide to financial planning for small business owners.
Wealth Management
JULY 11, 2024
Stifel had the highest satisfaction score among employee advisors, while Commonwealth took the top spot among independents, according to J.D. Power’s latest ranking.
Calculated Risk
JULY 11, 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 June, Realtor.com reported inventory was up 36.7% YoY, but still down 32.4% compared to April 2017 to 2019 levels. Now - on a weekly basis - inventory is up 34.5% YoY. Realtor.com has monthly and weekly data on the existing home market.
Wealth Management
JULY 11, 2024
Valued at $4.5 billion, the technology behemoth to advisors will be taken private with minority stakes from key strategic partners.
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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.
Calculated Risk
JULY 11, 2024
From the BLS : The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent on a seasonally adjusted basis , after being unchanged in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.0 percent before seasonal adjustment. The index for gasoline fell 3.8 percent in June, after declining 3.6 percent in May, more than offsetting an increase in shelter.
Wealth Management
JULY 11, 2024
Earned Wealth, founded in 2021, offers medical professionals advice on financial planning, tax planning, wealth management and investing on one interconnected platform.
Calculated Risk
JULY 11, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, The Producer Price Index for June from the BLS. The consensus is for a 0.1% increase in PPI, and a 0.2% increase in core PPI. 10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for July).
Wealth Management
JULY 11, 2024
Four years after their debut, actively managed strategies that only periodically reveal their holdings are enduring a slow demise.
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!
Calculated Risk
JULY 11, 2024
The Cleveland Fed released the median CPI and the trimmed-mean CPI. According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% in May. The 16% trimmed-mean Consumer Price Index increased 0.2%. "The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics’ (BLS) monthly CPI report".
Advisor Perspectives
JULY 11, 2024
This series has been updated to include the June release of the consumer price index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $50,634, down 7.1% from over 50 years ago. After adjusting for inflation, hourly earnings are below their all-time high from April 2020.
Calculated Risk
JULY 11, 2024
Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-July 2024 A brief excerpt: This 2-part overview for mid-July provides a snapshot of the current housing market. I always like to start with inventory, since inventory usually tells the tale ! Here is a graph of new listing from Realtor.com’s June 2024 Monthly Housing Market Trends Report showing new listings were up 6.3% year-over-year in June.
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