Wealth Management
DECEMBER 19, 2023
This approach allows an advisor to focus on what matters most to each client, adding more value to their services and growing client relationships.
Calculated Risk
DECEMBER 22, 2023
Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through November 2023. CPI Shelter was up 6.5% year-over-year in November, down from 6.7% in October, and down from the cycle peak of 8.2% in March 2023. Housing (PCE) was up 6.7% YoY in November , down from 6.9% in October, and down from the cycle peak of 8.3% in April 2023.
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The Big Picture
DECEMBER 21, 2023
At the Money: Seasonality In Stocks with Jeff Hirsch of the Stock Trader’s Almanac. (Dec 20, 2023) How do historical patterns and seasonality affect equities? Can these patterns successfully inform future investments? In this episode, I speak with Jeff Hirsch of the Stock Trader’s Almanac to discuss seasonal patterns in equities. He’s devoted much of his career to the study of historical patterns and market seasonality in conjunction with fundamental and technical analysis.
Abnormal Returns
DECEMBER 21, 2023
Markets Small cap stocks still look cheap relative to large caps. (morningstar.com) What do you get when you combine momentum and quality? (downtownjoshbrown.com) Finance Citigroup ($C) is now getting out of the distressed debt trading business. (finance.yahoo.com) Banks are clawing to hold onto a chunk of the leveraged lending market. (bloomberg.com) Sweden's stock market may cut back their trading hours.
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
Wealth Management
DECEMBER 22, 2023
The top performing ETF from each sector in the past year.
Calculated Risk
DECEMBER 20, 2023
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Increased to 3.82 million SAAR in November Excerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2022 and 2023. Sales declined 7.3% year-over-year compared to November 2022. This was the twenty-seventh consecutive month with sales down year-over-year.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Abnormal Returns
DECEMBER 19, 2023
Factors Timing returns factors is tempting, but difficult in practice. (alphaarchitect.com) The high quality anomaly shows up across asset classes. (advisorperspectives.com) A history of quant investing and the state of the factor zoo. (on.ft.com) Corporate finance Stock-based compensation makes a big difference for company valuations. (tdmgrowthpartners.com) Profit margins are high, debt refinancings are coming.
Wealth Management
DECEMBER 22, 2023
As alternative investment options move beyond interval funds and ETFs in the coming year, advisors will need to grapple with whether to use them.
Calculated Risk
DECEMBER 22, 2023
Today, in the Calculated Risk Real Estate Newsletter: New Home Sales decrease to 590,000 Annual Rate in November Brief excerpt: The Census Bureau reports New Home Sales in November were at a seasonally adjusted annual rate (SAAR) of 590 thousand. The previous three months were revised down. The next graph shows new home sales for 2022 and 2023 by month (Seasonally Adjusted Annual Rate).
Nerd's Eye View
DECEMBER 18, 2023
As 2023 comes to a close, I am once again so thankful to all of you, the ever-growing number of readers who continue to regularly visit this Nerd's Eye View Blog (and share the content with your friends and colleagues, which we greatly appreciate!). We recognize (and appreciate!) that this blog – its articles and podcasts – is a regular habit for tens of thousands of advisors, but that not everyone has the time or opportunity to read every blog post or listen to every podcast that is
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Abnormal Returns
DECEMBER 22, 2023
Markets Just how bad was the 2022-23 bond drawdown? This bad. (ft.com) Why you should look at returns from 2022-23 as a whole. (priceactionlab.com) Streaming Lionsgate ($LGF.A) is splitting Starz from its studio business. (axios.com) What would a Warner Bros. Discovery ($WBD) and Paramount ($PARA) merger mean for consumers? (theverge.com) Seven lessons learned from Netflix's ($NFLX) viewership data, including the staying power of 'Gilmore Girls.
Wealth Management
DECEMBER 20, 2023
Eddy Blizzard, a former advisor with Suntrust and M&T Securities, pleaded guilty to stealing more than $1 million from an elderly client.
Calculated Risk
DECEMBER 18, 2023
Altos reports that active single-family inventory was down 1.4% week-over-week and is now up 3.0% year-over-year. Inventory will likely decrease seasonally until the Spring. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of December 15th, inventory was at 539 thousand (7-day average), compared to 546 thousand the prior week.
Nerd's Eye View
DECEMBER 20, 2023
After a financial advisor and their client have agreed on a financial plan, there are usually a lot of good feelings going around. The causes of the client's worries have been identified, there's agreement on the steps that will get the client to where they want to be, and all that's left is to take action to implement the plan. But while it seems like the momentum of the earlier steps of the planning process should carry through into the implementation stage, all too often, the opposite occurs:
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.
Abnormal Returns
DECEMBER 20, 2023
Podcasts Barry Ritholtz talks with Dave Nadig about the differences between mutual funds and ETFs. (ritholtz.com) Preet Bharara talks with Morgan Housel author of "Same as Ever: A Guide to What Never Changes." (cafe.com) Jim Dahle talks charitable giving with Adam Nash, CEO and co-founder of Daffy. (whitecoatinvestor.com) Khe Hy talks with Joe Hudson about why we worry about money.
Wealth Management
DECEMBER 22, 2023
What does the history of John Deere, a 185-year-old agricultural company, have to tell us about the state of AI in advisor technology?
Calculated Risk
DECEMBER 22, 2023
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: ABI November 2023: Business conditions remain soft at architecture firms Business conditions remained soft at architecture firms in November, as the AIA/Deltek Architecture Billings Index (ABI) remained below 50 with a score of 45.3 for the month (any score below 50 indicates declining billings).
Nerd's Eye View
DECEMBER 19, 2023
Welcome everyone! Welcome to the 364th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Ted Jenkin. Ted is the founder of JTPD Partners, a consulting firm based in Atlanta, Georgia, that helps financial advisors gather offers, negotiate, and ultimately sell their advisory firms. What's unique about Ted, though, is how his journey to facilitate financial advisor mergers and acquisitions started from selling his own $2.2-billion AUM advisory firm that he spent more
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.
Abnormal Returns
DECEMBER 18, 2023
Podcasts Daniel Crosby talks wealth confidence with Anthony Damtsis who is Deputy Head of Behavioral Finance at TD Wealth. (standarddeviationspod.com) Thomas Kopelman talks planning for people planning to move outside the U.S. with Jack Thomas. (podcasts.apple.com) The biz What is the endgame for Betterment? (citywire.com) After some false starts, Apex Fintech, the clearing firm, filed for an IPO.
Wealth Management
DECEMBER 19, 2023
More than 50 new ETFs launched in November.
Calculated Risk
DECEMBER 21, 2023
The DOL reported : In the week ending December 16, the advance figure for seasonally adjusted initial claims was 205,000 , an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 202,000 to 203,000. The 4-week moving average was 212,000, a decrease of 1,500 from the previous week's revised average.
The Big Picture
DECEMBER 16, 2023
This week, we speak with Michael Rockefeller , Co-Chief Investment Officer and co-founder of Woodline Partners. The firm launched in 2019 with around $2 billion in initial assets, and became one of the fastest-growing emerging funds over the past few years. They now manage $7 billion in assets. The hedge fund implements a market-neutral equity strategy, focused on generating “idiosyncratic alpha” and “avoiding systemic risk factors.
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Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.
Abnormal Returns
DECEMBER 16, 2023
EVs The rising pedestrian death rate is due to a rise in nighttime deaths. (nytimes.com) The Tesla ($TSLA) Cybertruck is another step along the line of increasingly large, dangerous vehicles. (slate.com) Ford ($F) is cutting F-150 Lightning production. (arstechnica.com) Offshore wind Offshore wind, at scale, is more complex (and costly) than previously thought.
Wealth Management
DECEMBER 20, 2023
The global provider of investment research and indices will use Fabric to further delivery of its tools through advisors.
Calculated Risk
DECEMBER 19, 2023
Today, in the CalculatedRisk Real Estate Newsletter: Single Family Starts Increase Sharply in November, Near Record Number of Multi-Family Housing Units Under Construction Excerpt: The third graph shows the month-to-month comparison for total starts between 2022 (blue) and 2023 (red). Total starts were up 9.3% in November compared to November 2022. And starts year-to-date are down 9.9% compared to last year.
The Big Picture
DECEMBER 19, 2023
You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. This is not an official transcript. 00:00:00 [Speaker Changed] This is Masters in business with Barry Ritholtz on Bloomberg Radio. 00:00:07 [Barry Ritholtz] This week on the podcast I have an extra special guest.
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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.
Abnormal Returns
DECEMBER 18, 2023
Markets The VIX is at its lowest level since the onset of the pandemic. (axios.com) Junky stocks have benefited greatly from the recent rally. (ft.com) Here are some more signs of market strength. (allstarcharts.com) Strategy The best thing you could have done in 2023 was to stick to your plan. (awealthofcommonsense.com) It was hard to lose money in 2023, but here are five ways it may have happened.
Wealth Management
DECEMBER 18, 2023
The industry is grappling with an unprecedented set of existential challenges.
Calculated Risk
DECEMBER 22, 2023
The Census Bureau reports New Home Sales in November were at a seasonally adjusted annual rate (SAAR) of 590 thousand. The previous three months were revised down. Sales of new single‐family houses in November 2023 were at a seasonally adjusted annual rate of 590,000 , according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
A Wealth of Common Sense
DECEMBER 17, 2023
After suffering drawdowns of 21%, 25% and 35% in the bear market of 2022, the Dow, S&P 500 and Nasdaq 100 all broke even on a total return basis this week: Sure that means these markets went nowhere for nearly two years but just look at the returns since the start of 2020: Considering everything we’ve lived through those returns are not bad at all.
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.
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