Abnormal Returns
JULY 3, 2024
Strategy Politics and investing don't mix. (howardlindzon.com) Good luck trying to time market factors. (rogersplanning.blogspot.com) Not all investment decisions are created alike. (behaviouralinvestment.com) Finance A lot of loans got repriced in 2024, so far. (axios.com) What former Vanguard OCIO clients should expect. (blogs.cfainstitute.org) Startups Half of VC funding in Q2 went to AI-related startups.
Nerd's Eye View
JULY 3, 2024
Over the past few decades, technological advances and plummeting transaction costs have facilitated the emergence of a dizzying variety of ways to gain exposure to very specific areas of the market. As a result, advicers have more options than ever to add value for their clients by tailoring investment portfolios that are specific to their unique needs, goals, and risk tolerance.
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Abnormal Returns
JULY 3, 2024
Podcasts Barry Ritholtz talks with Peter Mallouk about keeping things simple. (ritholtz.com) Christine Benz and Jeff Ptak talk with Scott Burns about financial minimalism. (morningstar.com) Steve Chen talks with Andrew Biggs about whether there really is a retirement crisis brewing in the U.S. (podcasts.apple.com) Katie Gatti Tassin on whether you are saving too much for retirement.
Calculated Risk
JULY 3, 2024
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications decreased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 28, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.6 percent on a seasonally adjusted basis from one week earlier.
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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
JULY 3, 2024
In the week ending June 29th, initial jobless claims were at a seasonally adjusted level of 238,000, an increase of 4,000 from the previous week's figure. The latest reading is higher than the forecast of 234,000 jobless claims.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
JULY 3, 2024
This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the June 2024 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019.
Wealth Management
JULY 3, 2024
Tony Bennett's two daughters accuse their brother of mishandling their late father’s assets
Steve Sanduski
JULY 3, 2024
Guest: Shannon Warwick , Certified Personal Trainer, Yoga Teacher, & Sports Nutritionist. In a Nutshell: There’s a profound connection between our physical health and the stress that we carry around with us every day. Today’s show is a bit different from my usual focus on financial advisor practice management. Shannon and I dive deep into the topic of reducing stress in our lives – something that I believe is crucial for everyone, regardless of their profession or backgrou
Wealth Management
JULY 3, 2024
Without proper guidance regarding taxes, philanthropy and estate planning, high net worth entrepreneurs can miss opportunities.
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
JULY 3, 2024
The DOL reported : n the week ending June 29, the advance figure for seasonally adjusted initial claims was 238,000 , an increase of 4,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 233,000 to 234,000. The 4-week moving average was 238,500, an increase of 2,250 from the previous week's revised average.
Wealth Management
JULY 3, 2024
The deal to acquire the London-based Preqin provider accelerates BlackRock’s push to become a major player in alternative assets
NAIFA Advisor Today
JULY 3, 2024
Documents are ever-present in the lives of insurance and financial professionals. From policy agreements to annuity contracts to the full slate of disclosures, written agreements and promises are important parts of what you do. Today, our nation celebrates one of its founding documents. Along with the Constitution, the Declaration of Independence ranks as the most revered document in the United States.
Wealth Management
JULY 3, 2024
Dan and Olivia Countiss have launched their new practice, Countiss Wealth Management, and join from Edward Jones.
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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.
Calculated Risk
JULY 3, 2024
The Census Bureau and the Bureau of Economic Analysis reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $75.1 billion in May , up $0.6 billion from $74.5 billion in April, revised. May exports were $261.7 billion, $1.8 billion less than April exports. May imports were $336.7 billion, $1.2 billion less than April imports. emphasis added Click on graph for larger image.
Wealth Management
JULY 3, 2024
Product launches during the first quarter of the year were dominated by large cap tech equities strategies.
A Wealth of Common Sense
JULY 3, 2024
Today’s Animal Spirits is brought to you by YCharts and CME Group: See here for 20% off (new customers only) and for more info on the tearsheet builder See here for more information on CME Group’s valuable educational materials and trading tools and learn more about what adding futures can do for you. On today’s show, we discuss: American stocks are consuming global markets JPM Guide to the Markets 6%.
Wealth Management
JULY 3, 2024
Even after being exposed to some financial education in schools, more young investors are putting speculative bets ahead of building long-term wealth.
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
JULY 3, 2024
From Matthew Graham at Mortgage News Daily: Mortgage Rates Move Lower After Weak Service Sector Report "Data dependent" is one of the most common phrases heard from the Federal Reserve these days when it comes to rate-setting policy. And while the Fed doesn't directly dictate mortgage rates, the bond market tends to trade the same data that the Fed cares about.
Wealth Management
JULY 3, 2024
C2P's Matt Seitz shares insight about and provides examples of effective marketing strategies.
Calculated Risk
JULY 3, 2024
From ADP: ADP National Employment Report: Private Sector Employment Increased by 152,000 Jobs in May; Annual Pay was Up 5.0% Private sector employment increased by 150,000 jobs in June and annual pay was up 4.9 percent year-over-year, according to the June ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”).
Wealth Management
JULY 3, 2024
Our technology columnist caught up with Alex Bottom and spoke with him about developments to his platform meant to help advisors with managing student debt.
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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.
Calculated Risk
JULY 3, 2024
From the Fed: Minutes of the Federal Open Market Committee June 11–12, 2024. Excerpt: With regard to the outlook for inflation, participants emphasized that they were strongly committed to their 2 percent objective and that they remained concerned that elevated inflation continued to harm the purchasing power of households, especially those least able to meet the higher costs of essentials like food, housing, and transportation.
Advisor Perspectives
JULY 3, 2024
The Institute of Supply Management (ISM) has released its Juneservices purchasing managers' index (PMI). The headline composite index is at 48.8, coming in below the 52.8 forecast. The latest reading is the lowest level for the index since April 2022 and moves the index back into contraction territory for the second time in the past three months.
Wealth Management
JULY 3, 2024
Firms including BlackRock Inc., Fidelity Investments, 21Shares, and Invesco have filings waiting to be approved.
Advisor Perspectives
JULY 3, 2024
On the latest edition of Market Week in Review, Senior Director and Chief Investment Strategist for North America, Paul Eitelman, and Regional Director for North America Advisor & Intermediary Solutions, Lam Guluka, discussed key market themes from the second quarter.
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!
Random Roger's Retirement Planning
JULY 3, 2024
Eric Crittenden sat for a wide ranging interview on the Show Us Your Portfolio podcast. Eric is the brains and manager of the Standpoint Multi-Asset Fund (BLNDX/REMIX). I've written about this fund many times, I've owned it since it's first or second day of trading and added it for clients shortly thereafter. I met Eric and his partner Matt Kaplan a couple of times in the earliest days of the fund.
NAIFA Advisor Today
JULY 3, 2024
Join us for a webinar on Wednesday, July 17, 2024, from 12:00 pm to 1:00 pm Eastern, to explore Pension Risk Transfer (PRT) and discover how it can open the door to new client opportunities. This live event is free for members.
Advisor Perspectives
JULY 3, 2024
The U.S. international trade in goods and services is published monthly by the Bureau of Economic Analysis with data going back to 1992 and details U.S. exports and imports of goods and services. In May, the trade deficit widened to a 19-month high by expanding 0.8% to $75.07B. The latest reading was better than the forecast of $76.30B.
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