Calculated Risk
OCTOBER 18, 2024
Today, in the Calculated Risk Real Estate Newsletter: Housing Starts Decreased to 1.354 million Annual Rate in September A brief excerpt: Total housing starts in September were slightly above expectations and starts in July and August were revised up. A solid report. The third graph shows the month-to-month comparison for total starts between 2023 (blue) and 2024 (red).
Wealth Management
OCTOBER 18, 2024
Separate lawsuits have LPL Financial and Ameriprise Financial battling over advisors leaving, claiming breach of contract and misuse of confidential client information.
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Abnormal Returns
OCTOBER 18, 2024
Companies Marc Rubenstein, "PayPal Holdings Inc is not a bank and doesn’t enjoy any of the protections that are afforded to banks." (netinterest.co) Why CVS ($CVS) and Walgreen's ($WBA) are struggling. (msnbc.com) There's Netflix ($NFLX) and everyone else. (sherwood.news) Spirit Airlines kinda sucks, but you will miss it when it is gone. (slate.com) AI OpenAI's current cash isn't going to last long.
Wealth Management
OCTOBER 18, 2024
The Department of Education already announced that the rollout will be delayed for a second year in a row.
Speaker: Erroll Amacker
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
Nerd's Eye View
OCTOBER 18, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that Charles Schwab has revealed changes to its technology offerings in the wake of its merger with TD Ameritrade, bringing over several popular TD tools, including portfolio rebalancing tool iRebal, its Model Market Center model management service, and its trading platform thinkpipes, likely in an effort to keep former TD users (many of whom were accustomed to this software) o
Wealth Management
OCTOBER 18, 2024
Sanctuary announced several new capabilities at its Oasis conference in Hollywood, Fla., as it continues to integrate the tru Independence acquisition.
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Wealth Management
OCTOBER 18, 2024
Post-acquisition plans for Foundation Source and Vennfi include the rollout of a turnkey white-label platform for RIAs and IBDs.
Calculated Risk
OCTOBER 18, 2024
From BofA: Since our last weekly publication, our 3Q GDP tracking estimate increased by four-tenths to 3.0% q/q saar. [Oct 18th estimate] emphasis added From Goldman: On net, we lowered our Q3 GDP tracking estimate by 0.1pp to +3.1% (quarter-over-quarter annualized). [Oct 17th estimate] And from the Atlanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 3.4 percent on October 18, unchanged from October 17 after rounding
Wealth Management
OCTOBER 18, 2024
Tuesday, November 19, 2024 | 2:00 PM ET
The Big Picture
OCTOBER 18, 2024
This week, we speak with Brian Higgins , co-founder, managing partner and co-portfolio manager of King Street. Higgins focuses on handling distressed securities, real estate investments and credit. He is chair of the Management Committee, Global Investment Committee, Real Estate Investment Committee, and is a member of the Risk Committee and Operating Committee.
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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.
Wealth Management
OCTOBER 18, 2024
Tidal has filed for eight new so-called pair trades — which go long and short on two opposing stocks — in the ETF wrapper and under a trademarked “Battleshares” tag.
Calculated Risk
OCTOBER 18, 2024
Container traffic gives us an idea about the volume of goods being exported and imported - and usually some hints about the trade report since LA area ports handle about 40% of the nation's container port traffic. The following graphs are for inbound and outbound traffic at the ports of Los Angeles and Long Beach in TEUs (TEUs: 20-foot equivalent units or 20-foot-long cargo container).
Wealth Management
OCTOBER 18, 2024
Fossils are fetching high prices at auction, as anonymous buyers bid millions for a piece of history and a dash of celebrity. But none of that money serves science.
A Wealth of Common Sense
OCTOBER 18, 2024
It’s estimated baby boomers will pass down more than $80 trillion to their millennial and Gen X heirs over the next 20 years. This is going to be the greatest wealth transfer the world has ever seen. The timing of these transfers will be a hotly debated topic for many families. Baby boomers were born between 1946 and 1964, making them in the range of 60-78 years old.
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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?
Alpha Architect
OCTOBER 18, 2024
There’s no reason to think that the use of AI should lead to persistent fund outperformance, with any advantages gained likely being short lived. Artificial Intelligence, Textual Analysis and Hedge Fund Performance was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Discipline Funds
OCTOBER 18, 2024
Here are some things I think I am thinking about. 1) The stock market boom/bust cycle. How should we think about the bull market in stocks in the context of its Covid era rollercoaster ride? Should we get the urge to chase the current bull market? Should we get more defensive in preparation for another bust? The simple answer is that the short-term movements of the stock market should be irrelevant to your financial plan assuming you have a well constructed temporally diversified portfolio.
Trade Brains
OCTOBER 18, 2024
Accenture’s recent financial results and business outlook have set an intriguing benchmark for the Indian IT industry. As a global leader in consulting and technology services, Accenture’s performance often signals trends that ripple through the sector. Indian IT giants like Tata Consultancy Services (TCS) and Infosys closely watch Accenture’s results to gauge market conditions and client spending patterns.
Advisor Perspectives
OCTOBER 18, 2024
The demographic makeup of America is changing. Latinos now make up almost 20 percent of Americans, up from seven percent in 1980. But while the number of Latino Americans continues to grow, only about four percent of financial advisors identify as Latino.
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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.
Carson Wealth
OCTOBER 18, 2024
This week on Take 5, Ryan Detrick, Chief Market Strategist at Carson Group, and Sonu Varghese, VP, Global Macro Strategist at Carson Group, discuss key factors such as rising inflation, the surge in small- and mid-cap stocks, and why investors remain calm despite higher CPI and PPI numbers. As we move into Q4, they also explore: Whether seasonal trends might help to alleviate inflation How hurricanes could impact the Fed’s future decisions How the election could sway the markets And more!
Advisor Perspectives
OCTOBER 18, 2024
Around 110 million years ago, a dinosaur went hunting. Stalking through ferns along a riverbank, he twitched his nose to the wind and caught scent of a plant-eater ahead. His head darted upward. His eyes locked on the target. The dinosaur drew his sickle claws upward, ready to make a lethal strike. But something wasn’t right.
Validea
OCTOBER 18, 2024
Joel Greenblatt’s Magic Formula is an investment strategy outlined in his book “The Little Book That Beats the Market.” The formula aims to identify high-quality companies trading at attractive valuations. It focuses on two key metrics: return on capital and earnings yield. The idea is to find companies that are both profitable (high return on capital) and undervalued (high earnings yield) relative to other companies in the market.
Advisor Perspectives
OCTOBER 18, 2024
Sales of Apple Inc.’s newest iPhones in China are up 20% in their first three weeks compared with 2023’s model, a positive sign for a device that struggled this year to gain traction in the world’s largest smartphone market.
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.
Validea
OCTOBER 18, 2024
Warren Buffett and Peter Lynch are two of the most renowned investors of all time, each with their own distinct approaches to finding great companies. While their strategies differ in many ways, there are currently five stocks that manage to satisfy the criteria of both investing legends, according to Validea’s guru-based models. Let’s examine why these companies have caught the attention of both the Oracle of Omaha and the mutual fund maestro.
Advisor Perspectives
OCTOBER 18, 2024
We’ve had several weeks of strong data since the Federal Reserve cut policy rates by a half percentage point. It started with a surprisingly robust jobs report, followed by a janky and above-expectations inflation report.
Carson Wealth
OCTOBER 18, 2024
Carson Wealth’s Russ Nieland CFP®, AIF®Managing Director, Partner and Wealth Advisor and Josh Volgarino , CFP Ⓡ , ChFC Ⓡ , WMCP Ⓡ , CExP Ⓡ Wealth Advisor discuss strategies of Exit Planning. The post Exit Planning appeared first on Carson Wealth.
Advisor Perspectives
OCTOBER 18, 2024
Navigating space is hard. It’s expensive, complex, time-consuming and dangerous. And yet you have to hand it to Elon Musk: His SpaceX firm makes it look easy.
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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.
Trade Brains
OCTOBER 18, 2024
The Indian investment banking landscape is undergoing significant changes. From its historical roots to recent developments, the sector is evolving rapidly. Moreover, the introduction of AI and other technological advancements is reshaping the industry’s future. A Brief History and Current State Investment banking in India traces its origins to the 19th century.
Advisor Perspectives
OCTOBER 18, 2024
In China’s resurgent stock market, there’s a lesson for investors about the perils of market timing.
Trade Brains
OCTOBER 18, 2024
Bitcoin is the most well-known cryptocurrency, having come a long way since its debut on the deep web in 2009. Its price has surged drastically since then, and now we are witnessing increasing institutional involvement in the crypto ecosystem. Cryptocurrency adoption has grown, and many traditional market players are stepping in, including through the recent launch of Bitcoin ETFs, which, despite a decrease in inflows this September, remain a success.
Advisor Perspectives
OCTOBER 18, 2024
Netflix Inc. added more than 5 million customers in the third quarter and eclipsed Wall Street’s expectations on every major financial metric despite a new programming slate constrained by last year’s strikes in Hollywood.
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
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