Fri.Aug 09, 2024

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Update: Lumber Prices Up Slightly YoY

Calculated Risk

Here is another monthly update on lumber prices. SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16, 2023. I switched to a physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long term price comparisons since the new contract was priced about 24% higher than the old random length contract for the period when both contracts were available.

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Important FAFSA Changes You Need to Know About

Wealth Management

The rollout of the 2025-2026 FAFSA college student admissions form already has been delayed until Dec. 1.

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Friday links: pursuing excellence

Abnormal Returns

Markets This proposed ETF filing top ticked the market. (allstarcharts.com) Has the tech momentum trade fully unwound yet? (ft.com) Strategy Forecasting interest rates is just as hard as forecasting the stock market. (awealthofcommonsense.com) The stock market has always found a group of stocks that fit a 'new paradigm.' (alphaarchitect.com) Bitcoin A “strategic bitcoin reserve” is an absurd idea.

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The WealthStack Podcast: Why Direct Indexing Is the Future of Investing with Patrick Shaddow

Wealth Management

Syntax Data's Patrick Shaddow describes how direct indexing is poised to transform the investment landscape.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

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

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Podcast links: busting investment myths

Abnormal Returns

Business Logan Bartlett talks with Dara Khosrowshai, CEO of Uber ($UBER). (podcasts.apple.com) Shane Parrish talks with Brian Halligan, founder and former CEO of HubSpot. (fs.blog) Patrick O'Shaughnessy talks AI and more with Sarah Guo is the founder and CEO of Conviction. (joincolossus.com) Trading Ted Seides talks trading with Todd Simkin is an Associate Director at Susquehanna International Group.

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Abacus Life Acquires $600M Asset Manager FCF Advisors

Wealth Management

The company will now focus on its RIA acquisition strategy in the latter part of this year.

Assets 307

More Trending

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Raymond James Nears SEC Settlement for Off-Channel Communications

Wealth Management

According to the firm’s two recent quarterly filings, Raymond James has reached “a settlement in principle” with the commission’s Enforcement Division, including a $50 million fine.

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Early Q3 GDP Tracking: Mid-2%

Calculated Risk

From BofA: Next week, we will launch our 3Q GDP tracker with the July retail sales print. [August 9th update] emphasis added From Goldman: We left our Q3 GDP tracking estimate unchanged at 2.6% (quarter-over-quarter annualized) and our Q3 domestic final sales forecast unchanged at +2.0%. [August 6th estimate] And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.9 percen t on August 8, unchanged from Aug

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$6.5B LPL OSJ Hires New Director of Business Development

Wealth Management

Christian Widen, who has years of business development experience at Schwab, Pershing and Fidelity, joins Gateway Financial Partners.

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Hotels: Occupancy Rate Increased 0.8% Year-over-year

Calculated Risk

From STR: U.S. hotel results for week ending 3 August The U.S. hotel industry reported slightly positive comparisons year over year, according to CoStar’s latest data through 3 August. 28 July through 3 August 2024 (percentage change from comparable week in 2023): • Occupancy: 69.4% (+0.8%) • Average daily rate (ADR): US$159.63 (+0.6%) • Revenue per available room (RevPAR): US$110.84 (+1.3%) emphasis added The following graph shows the seasonal pattern for the hotel occupancy rate using the four

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Book of Secrets on the Month-End Close

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.

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$3.7B RIA Pays $430K To Settle SEC Ad Rule Charges

Wealth Management

The Pacific Financial Group highlighted hypothetical performance in ads in a way that violated the commission’s marketing rule mandates, according to a settlement order released Friday.

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MiB: Meir Statman on the Intersection of Finance & Life

The Big Picture

This week, we speak with Meir Statman , the Glenn Klimek Professor of Finance at Santa Clara University. Named one of the 25 most influential people by Investment Advisor, his breakthrough book, “ What Investors Really Want , ” changed how we view investor motivations. Statman is a member of the advisory board of the Journal of Portfolio Management, the Journal of Wealth Management, the Journal of Retirement, the Journal of Investment Consulting and the Journal of Behavioral and Exp

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What’s the Bull Case For Housing?

A Wealth of Common Sense

A lot of people are turning bearish on housing prices. Cullen Roche and Nick Maggiulli, two financial voices I respect, both predicted in recent weeks that housing will be the worst-performing asset class over the next decade. Their case makes sense. We pulled forward a decade’s worth of returns in the first part of the 2020s: Prices are high.

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A new movie and book try to shed light on homelessness

Norman Marks

This is an unusual post for me, but the topic is important. I was privileged to receive a pre-release copy of “No Address”.

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Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success

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?

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Overvalued or New Paradigm?

Alpha Architect

Abstract: “What you don’t know about investing, is the investment history you don’t know” is one of my favorite expressions. It embodies some core investment principles: market cycles tend to repeat themselves, though often with variations; understanding the past is crucial for predicting the future; and investors who study history make more informed decisions.

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Buffett’s Apple Share Dump Is Set to Reshape Major Stock Gauges

Advisor Perspectives

Warren Buffett’s sudden sale of a huge pile of Apple Inc. shares has come with a surprise silver lining for investors in the iPhone maker: Its influence in major stock indexes is set to be fully unleashed.

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Let a million RIAs bloom

Truemind Capital

“ I started investing because you gave me the confidence. Thank you! “ This was told by one of my HNI clients who is a single mother of two young daughters. She is a part of senior management at an MNC and earns very well but has never invested other than in FDs and LICs. She wanted to secure her and her daughter’s future and wanted to invest for the same.

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Bearish Breakaway Candlestick Pattern – Definition And More

Trade Brains

Understanding the significance of candlestick patterns for technical analysis is crucial since they provide valuable insights into the price movements of securities. We will explore the significance, development, and trading approaches associated with the bearish breakaway candlestick pattern among the various available candlestick patterns. These patterns assist traders in predicting the direction of security, enabling them to identify optimal buying and selling opportunities and develop effect

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

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.

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Cats & Chaos

Random Roger's Retirement Planning

Sure enough, a covered call ETF provider selling less downside. From an email sent out by Global X. I mean, how are they defining lessening downside risk ? Here's the Pandemic Crash of 2020. Here's the worst of 2022 although in the firs half of 2022 it did a little better than the S&P 500. And The Great Hiccup of August, 2024. Ok, 40 basis points is not nothing but how much solace do you think XYLD provided at the lows of The Great Hiccup of August, 2024 if indeed the lows are in?

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S&P 500 Snapshot: Volatile Week Comes to a Close

Advisor Perspectives

This week, the S&P 500 experienced one of its worst daily performances since 2022, followed by one of its best. Despite the volatility, the index posted a slight loss of just 0.04% compared to last week. The index is currently 5.70% off its record high from July 16th, 2024 and is now up 12.68% year to date.

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Five Top Guru Rated Dividend Growth Stocks

Validea

The Power of Dividend Growth Investing: Building Wealth Through Rising Income Dividend growth investing has long been a favorite strategy for investors seeking to build long-term wealth and generate reliable income streams. By focusing on companies that not only pay dividends but consistently increase them over time, investors can potentially benefit from both capital appreciation and growing cash flows.

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Treasury Yields Snapshot: August 9, 2024

Advisor Perspectives

The yield on the 10-year note ended August 9, 2024 at 3.94%, the 2-year note ended at 4.05%, and the 30-year at 4.23%.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

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Stocks with high exposure to Bangladesh; Are you holding any?

Trade Brains

The increase in competition leads to an intense fight to stay competitive in the business world has led companies to look at different ventures. Now with globalization, companies across the world are looking for potential to set up plants in certain locations. Even with growth prospects some nations make inroads and diversify their business to limit any economic downfall.

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Wall Street Sees End of Fed’s Balance-Sheet Runoff This Year

Advisor Perspectives

The end of the Federal Reserve’s balance-sheet unwind is in sight, though its actual conclusion depends on the pace of interest-rate cuts and stresses in funding markets.

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Investor Behind Record $2.7 Billion Bond Bet Says Recession Near

Advisor Perspectives

Back in June, a mystery investor made a record wager on long-dated Treasuries, creating waves in the ETF market where trading pros seek clues about sentiment on Wall Street. Now the firm behind that bet has revealed itself, and says its recession call is finally coming to fruition.

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Fed Seen Rejecting Calls for Jumbo Rate Cut in Economist Survey

Advisor Perspectives

A large majority of economists surveyed see only a quarter-point decrease in interest rates coming in September — a finding that’s at odds with calls from some large Wall Street banks for a jumbo cut at the next meeting.

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Fall In Love With the Month-End Close

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.

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The S&P Always Looks Good Next to European Stocks

Advisor Perspectives

When markets gyrated at the turn of the month, US and Japanese stocks had the cushion of an earlier surge to fall back on. In Europe, the rout hit share prices that had been weakening since May. An earnings season dominated by pessimism from many of the region’s bosses has vindicated investors’ caution.

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From Dreaming to Living: What You Need to Know About Retiring Abroad

Advisor Perspectives

As the number of Americans retiring in other countries continues to grow, our Bill Cass shares five considerations for individuals planning to retire abroad.

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What's in the Fed's Toolbox?

Advisor Perspectives

What the Fed's monetary-policy tools signal about the market.

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Beware Of The Stealth Bear Market

Advisor Perspectives

A stealth bear market could be defined as a bear market where several stocks have fallen more than 20% within the market, but yet the overall market itself hasn’t fallen. That’s why we call it a stealth bear market.

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The Future Of Finance: How To Manage Spend The Right Way

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