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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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 144

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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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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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.

Planning

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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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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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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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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Advisor Perspectives

NOVEMBER 8, 2024

With the Q3 GDP first estimate and the October close data, we now have an updated look at the popular "Buffett Indicator" -- the ratio of corporate equities to GDP. The current reading is 194.7%, down from 196.9% the previous quarter.

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Valuation 64

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

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 110

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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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 101

Advisor Perspectives

NOVEMBER 8, 2024

Following the September FOMC meeting’s much ballyhooed 50- basis point (bps) rate cut, the voting members scaled back and reduced the Fed Funds by 25 bps this time around.

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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.

Banking

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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Advisor Perspectives

NOVEMBER 8, 2024

Corporate buybacks have become a hot topic, drawing criticism from regulators and policymakers. In recent years, Washington, D.C., has considered proposals to tax or limit them.

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Taxes 52

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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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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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

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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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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Valuation Marketing Marketing 52

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 52

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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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.

Banking

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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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

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

Here’s something that would have seemed pretty much inconceivable two years ago: According to Zillow, home prices have now risen more in New York City and its environs since the beginning of 2020 than in metropolitan Austin, Texas.

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Marketing Marketing 52

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.

Financial Advice

Calculated Risk

NOVEMBER 8, 2024

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Advisor Perspectives

NOVEMBER 8, 2024

While investors and institutions were digesting the results of Tuesday’s elections, the Fed was meeting to determine the path forward for rates. Following on the 0.5% (50 basis points) start in September, the Fed cut rates by a further 0.25% today and the markets are forecasting another cut to come in December, but the odds of that move have ticked lower.

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Marketing Marketing 52

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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