The Big Picture

NOVEMBER 8, 2024

 This week, we speak with New York Times Global Economic Correspondent Peter Goodman. Prior to the New York Times, Peter began his career as a freelance writer in Southeast Asia before serving as The Washington Post’s Asia Economic Correspondent and later Shanghai Bureau Chief. He has since reported from over 36 countries, holds two Gerald Loeb awards and eight prizes from the Society of American Business Editors and Writers.

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Economics Management 189

Abnormal Returns

NOVEMBER 8, 2024

Listening Streaming services are filled with pirated songs under sound-alike names. (arstechnica.com) Why you shouldn't get your economic insights from VC podcasts. (passingtime.substack.com) Economy Barry Ritholtz talks with Peter Goodman author of "How the World Ran Out of Everything: Inside the Global Supply Chain." (ritholtz.com) Matt Reustle talks demographics and real estate with Fernando De Leon who is the founder of Leon Capital.

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Economy Economics Management 148

Calculated Risk

NOVEMBER 8, 2024

Today, in the Calculated Risk Real Estate Newsletter: MBA: Mortgage Delinquencies Decreased Slightly in Q3 2024 A brief excerpt: From the MBA: Mortgage Delinquencies Decrease Slightly in the Third Quarter of 2024, Up on Annual Basis The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased slightly to a seasonally adjusted rate of 3.92 percent of all loans outstanding at the end of the third quarter of 2024 compared to one year ago, according to the Mortgage Ba

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Wealth Management

NOVEMBER 8, 2024

Farther co-founders Taylor Matthews and Brad Genser detail what they plan to do with $72 million in Series C funding.

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Planning 115

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.

Accounting

Alpha Architect

NOVEMBER 8, 2024

Greenwood and Sammon’s findings of a disappearing index effect provides further support for the findings of McLean and Pontiff, Does Academic Research Destroy Stock Return Predictability? 2016. Once anomalies are well recognized by the market they decline and may even disappear, though limits to arbitrage can allow them to persist. Their findings also provide support for Andrew Lo’s The Adaptive Markets Hypothesis (2004).

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Wealth Management

NOVEMBER 8, 2024

According to the commission, Invesco overstated how much of its AUM was ESG-integrated because that percentage included all ETFs.

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Commission 111

Calculated Risk

NOVEMBER 8, 2024

Fed Chair Powell, Nov 7, 2024: "It's actually remarkable how strong the U.S. economy is performing. We're performing better than all of our global peers. Ultimately, if you look at the U.S. economy, its performance has been very good." From BofA: Next week, we will initiate our 4Q GDP tracker with the October retail sales print and Oct industrial production and Sep business inventories. [ Current forecast 2.0% , Nov 8th] emphasis added From Goldman: We left our Q4 GDP tracking estimate unchanged

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Wealth Management

NOVEMBER 8, 2024

In other news, AdviceTech.Live is next week, DriveWealth expands to Europe, Pontera integrates with Envestnet BillFin and UBS tokenizes.

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Marketing Marketing 106

Advisor Perspectives

NOVEMBER 8, 2024

Consumer sentiment continued to rose, according to the preliminary November report for the Michigan Consumer Sentiment Index. The index rose 2.5 points (2.5%) from October's final reading to 73.0. The latest reading was above the forecast of 71.0.

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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.

Accounting

Wealth Management

NOVEMBER 8, 2024

Jacques Chappuis will take over Prudential Financial's asset management business at a time when asset management has become a key differentiator for US life insurers.

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Insurance Assets Management 99

MainStreet Financial Planning

NOVEMBER 8, 2024

As December unfolds, it’s easy to overlook year-end tax planning amid the holiday hustle. However, dedicating a few moments now can lead to significant savings come tax season. To help you retain more of your hard-earned money and reduce your tax liability, consider these five strategic moves before the year concludes. Maximize Your Retirement Contributions: Enhancing your retirement savings not only secures your future but also offers immediate tax benefits.

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Taxes Medical Consulting Education 83

Truemind Capital

NOVEMBER 8, 2024

Everyone loves a rising market. The longer, the better—what everyone wishes for. This creates the wealth effect, which leads to higher consumption and spending and thus contributes to GDP growth, which feeds into higher stock prices. Under all the glitz and glory, something is becoming unfavorable. There is a bad in every good thing and a good in every bad thing.

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Asset Allocation Marketing Marketing Valuation 64

Midstream Marketing

NOVEMBER 8, 2024

Key Highlights Find good ways to get new clients as a financial advisor. Learn to use social media, content marketing, SEO, and more. This can help you improve your online presence and get quality leads. Explore several ways to get financial advisor leads. Some options are free, while others need payment. Discover the average cost of getting leads and what influences those prices.

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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

Accounting

Advisor Perspectives

NOVEMBER 8, 2024

The S&P 500 finished the week ending November 8 with strong gains, up 4.66% from last Friday. The index closed at a record high and is now up 26.41% year-to-date.

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Carson Wealth

NOVEMBER 8, 2024

This week on Take 5, Ryan Detrick, Chief Market Strategist at Carson Group, and Sonu Varghese, VP, Global Macro Strategist at Carson Group, explore the post-election market outlook. They note that the election results bring stability, a positive factor for markets. Key points include expectations for tax cuts, continued defense spending, and a strong dollar, all supporting the ongoing bull market.

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Taxes Marketing Marketing Investing 59

Truemind Capital

NOVEMBER 8, 2024

Negative effects of a prolonged bull market. Everyone loves a rising market. The longer, the better—what everyone wishes for. This creates the wealth effect, which leads to higher consumption and spending and thus contributes to GDP growth, which feeds into higher stock prices. Under all the glitz and glory, something is becoming unfavorable. There is a bad in every good thing and a good in every bad thing.

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Marketing Marketing Asset Allocation Valuation 52

Advisor Perspectives

NOVEMBER 8, 2024

Our monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations for investment returns. On August 4, 2020, the 10-year Treasury yield hit its all-time low of 0.52%. As of November 8, it was 4.30%.

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Valuation Marketing Marketing Investing 52

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

Numbers

Random Roger's Retirement Planning

NOVEMBER 8, 2024

A few different things today. First, the Alberta Investment Management Company, the province's public pension system, cleaned house due to poor performance. I found their asset allocation and wanted to see from the top down if there's a way to mimic them to some extent and get decent results. Here's how I built the portfolio. One version has Blackstone for private equity, another has Blackrock and the third has CBOE.

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Asset Allocation Portfolio Medical Government 52

Advisor Perspectives

NOVEMBER 8, 2024

Here is the latest update of a popular market valuation method, Price-to-Earnings (P/E) ratio, using the most recent Standard & Poor's "as reported" earnings and earnings estimates, and the index monthly average of daily closes for the past month. The latest trailing twelve months (TTM) P/E ratio is 28.2 and the latest P/E10 ratio is 36.5.

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A Wealth of Common Sense

NOVEMBER 8, 2024

When Barack Obama was elected president the U.S. economy and markets were in rough shape. From the peak in October 2007 through election day the S&P 500 was already in the midst of a 35% drawdown. By the time he was inaugurated in January 2009, the market was down nearly 50% in total. By March, a Bloomberg opinion piece was calling it the “Obama Bear Market”: President Barack Obama now has the distinction.

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Marketing Marketing Economy 142

Advisor Perspectives

NOVEMBER 8, 2024

Based on the October S&P 500 average of daily closes, the Crestmont P/E of 40.5 is 168% above its arithmetic mean, 192% above its geometric mean, and is at the 100th percentile of this 14-plus-decade series.

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Valuation Marketing Marketing 52

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Planning

Nerd's Eye View

NOVEMBER 8, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that amidst the impending return of Donald Trump to the White House, observers expect a lighter-touch regulatory environment for RIAs (and the financial services industry as a whole), with many regulations proposed (but not yet implemented) under SEC Chair Gary Gensler (e.g., strengthened rules related to custody and outsourcing) and broader regulatory efforts put forth b

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Advisor Perspectives

NOVEMBER 8, 2024

Here is a summary of the four market valuation indicators we update on a monthly basis.

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Valuation Marketing Marketing 52

Calculated Risk

NOVEMBER 8, 2024

From STR: U.S. hotel results for week ending 2 November The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 19 October. 27 October through 2 November 2024 (percentage change from comparable week in 2023): • Occupancy: 60.8% (+1.9%) • Average daily rate (ADR): US$154.99 (+1.2%) • Revenue per available room (RevPAR): US$94.22 (+3.1%) emphasis added The following graph shows the seasonal pattern for the hotel occupancy rate using the four-

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Advisor Perspectives

NOVEMBER 8, 2024

The Q Ratio is the total price of the market divided by the replacement cost of all its companies. The latest Q-ratio is at 1.81, up from 1.80 in September.

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Valuation Marketing Marketing 52

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!

Management

Abnormal Returns

NOVEMBER 8, 2024

Strategy Whipsaws are inherent in trend following. (rcmalternatives.com) How our memories affect how we invest. (klementoninvesting.substack.com) Information overload is real. (youngmoney.co) Prediction markets What can prediction markets serve up next? (wsj.com) How to use prediction markets. (aswathdamodaran.blogspot.com) ETFs Investors are losing interest in thematic ETFs as sexier, i.e. leveraged, fund types dominate.

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Advisor Perspectives

NOVEMBER 8, 2024

Quick take : At the end of October, t he inflation-adjusted S&P 500 index price was 177% above its long-term trend, up from October. About the only certainty in the stock market is that, over the long haul, over-performance turns into underperformance and vice versa. Is there a pattern to this movement? Let's apply some simple regression analysis to the question.

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Marketing Marketing 52

Carson Wealth

NOVEMBER 8, 2024

“It’s tough to make predictions, especially about the future.” Yogi Berra, Yankee great and Hall of Fame catcher. It is official, Donald J. Trump will become the 47 th President of the United States. This of course is the second time he did it, joining Grover Cleveland as the only people to ever become President twice, but not in consecutive terms.

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Economy Investing Investments Taxes 142