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From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 29, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.6 percent on a seasonally adjusted basis from one week earlier.
Markets A look back at Q1 2024 asset class returns. (novelinvestor.com) Growth and value performance flip-flopped in March 2024. (mrzepczynski.blogspot.com) Strategy In the meme stock age is fundamental analysis dead and buried? (howardlindzon.com) On the state of the momentum factor. (ft.com) Alternatives Alternative investments aren't going to save you in an apocalypse.
Podcasts Barry Ritholtz talks with Liz Ann Sonders about how to rebalance your portfolio. (ritholtz.com) Jesse Cramer talks with Peter Lazaroff about how to hang in there for the long run. (podcasts.apple.com) Dan Haylett talks with financial advisor Ed Combs about the relationship challenges in retirement. (humansvsretirement.com) Carl Richards talks with Hal Hershfield about aligning capital with your values.
With a plethora of interdependent and ever-changing parts, gaining a clear (or even not-terribly-fuzzy) understanding of where the economy stands at any given moment is a daunting task, to say the least. Even more difficult is using data based on samples and surveys (and subject to constant revision!) to develop some idea about which of the myriad possible outcomes might be more likely to occur.
With a plethora of interdependent and ever-changing parts, gaining a clear (or even not-terribly-fuzzy) understanding of where the economy stands at any given moment is a daunting task, to say the least. Even more difficult is using data based on samples and surveys (and subject to constant revision!) to develop some idea about which of the myriad possible outcomes might be more likely to occur.
Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt: Here is a graph of the year-over-year (YoY) change for these measures since January 2015. Most of these measures are through February 2024, except CoreLogic is through January and Apartment List is through March 2024. The CoreLogic measure is up 2.6% YoY in January, down from 2.8% in December, and down from a peak of 13.9% in April 2022.
This morning, the BEA released their estimate of vehicle sales for March. This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the March 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.
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.
From ADP: ADP National Employment Report: Private Sector Employment Increased by 184,000 Jobs in March; Annual Pay was Up 5.1% Private sector employment increased by 184,000 jobs in March and annual pay was up 5.1 percent year-over-year, according to the March ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”).
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 208 thousand initial claims, down from 210 thousand last week. • Also at 8:30 AM: Trade Balance report for February from the Census Bureau. The consensus is the trade deficit to be $66.5 billion.
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?
(Posted with permission). The ISM® Services index was at 51.4%, down from 52.6% last month. The employment index increased to 48.5%, from 48.0%. Note: Above 50 indicates expansion, below 50 in contraction. From the Institute for Supply Management: Services PMI® at 51.4% March 2024 Services ISM® Report On Business® Economic activity in the services sector expanded in March for the 15th consecutive month as the Services PMI® registered 51.4 percent , say the nation's purchasing and supply executiv
Convexity can provide explosive payoffs from unlikely events. It’s a powerful weapon to wield, but like most weapons, it could be inefficient or even dangerous in the hands of the untrained. Tail Hedging Is Not As Easy As You Think was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
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.
Chief Technology Officer Gautam Sachdev will take the reins as Gamble transitions into his new role as vice chair for J.P. Morgan Asset Management Solutions.
Today’s Animal Spirits is brought to you by YCharts and KraneShares: See here for YCharts’ blog on improving client retention with proposals & reports See here and here for our discussion with KraneShares discussing China and KraneShares’ full China Internet ETF suite See here for tickets to The Compound and Friends LIVE in Los Angeles On today’s show, we discuss: The psychologist who turne.
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.
The S&P 500 real monthly averages of daily closes peaked in November of 2021, 2022 was a bear market, and 2023 was a bull market. Let's examine the past to broaden our understanding of the range of historical trends in market performance.
Cliff Asness from AQR wrote a quick post titled Cognitive Dissonance that listed out contradictory ideas that investors have. There were two that I think tie right in to conversations we regularly have here. Part of his point in these is line item risk, the tendency to be overly focused on the holding that is lagging even if it is "supposed" to lag.
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.
Someone emailed me the other day asking about my “muddle through” prediction of the last few years. They were pushing back on this idea that the US economy is just muddling along. I actually love conversations like this because they make me question my own views and consider countering positions. I’ve mentioned in the past that I do this a lot now.
When a spouse dies, many women face severe financial hardship despite being part of a married couple for decades. This "widowhood penalty" results from men failing to ensure their wives are financially secure if tragedy strikes.
Join us on Tuesday, April 16th at 12:30 PM Eastern for our Quarterly Market Update Webinar. When : Tuesday, April 16th at 12:30 PM Eastern Registration : Click here to register. Cost : Complimentary After registering, you will receive a confirmation email with instructions for joining the webinar. We look forward to your attendance.
Here's an interesting set of charts that will especially resonate with those of us who follow economic and market cycles. Imagine that five years ago you invested $10,000 in the S&P 500. How much would it be worth today, with dividends reinvested but adjusted for inflation? The purchasing power of your investment has increased to $16,666 for an annualized real return of 10.26%.
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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