Abnormal Returns
AUGUST 9, 2024
Markets This proposed ETF filing top ticked the market. (allstarcharts.com) Has the tech momentum trade fully unwound yet? (ft.com) Strategy Forecasting interest rates is just as hard as forecasting the stock market. (awealthofcommonsense.com) The stock market has always found a group of stocks that fit a 'new paradigm.' (alphaarchitect.com) Bitcoin A “strategic bitcoin reserve” is an absurd idea.
Nerd's Eye View
AUGUST 9, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent survey indicates that clients of financial advisors are more confident than others about their financial preparedness for retirement and are more likely to have a financial plan in place that can weather the ups and downs of the economy (perhaps increasingly relevant given recent market volatility), indicating that advisors have an opportunity to frame the v
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Carson Wealth
AUGUST 5, 2024
Houston, We Have Turbulence The S&P 500 fell 2.0% last week, declining for the third consecutive week, but unlike the past few weeks, this time the selling was across the board. Economic data last week showed the economy slowing more than expected, adding to worries about a potential recession. We still think a recession can be avoided, but risks have increased.
A Wealth of Common Sense
AUGUST 4, 2024
Boy that escalated quickly. Markets sold off in a hurry this week. The S&P 500 is down almost 6% from the recent highs. The Nasdaq 100 is in an 11% drawdown. After an extremely calm year, the past week or so has finally seen some volatility in the stock market. Here’s the thing — it’s what happened before this that was not normal: This really cool chart came out a couple of weeks ago (via Sherwood).
Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius
4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor
Abnormal Returns
AUGUST 7, 2024
Markets Good luck trying to figure out the stock market these days. (sherwood.news) Mortgage spreads have room to come down. (axios.com) Strategy The stock market is not economy, and vice versa. (awealthofcommonsense.com) What to do the next time the stock market tanks. (tonyisola.com) 'Don't panic' isn't necessarily helpful advice. (edgyoptimist.substack.com) Disney Disney ($DIS) warns about theme park weakness.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
AUGUST 7, 2024
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 6.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 2, 2024. The Market Composite Index, a measure of mortgage loan application volume, increased 6.9 percent on a seasonally adjusted basis from one week earlier.
A Wealth of Common Sense
AUGUST 8, 2024
Mr. Roth IRA himself, Bill Sweet, joined me again to discuss questions about credit unions vs. banks, how the wash sale rule works, student loan forgiveness vs. tax filing status, tax implications from the sale of a rental property and index funds vs. financial advisors. Further Reading: The Siren Song of Market Timing 1I’m using 10 year Treasuries as my bond proxy here.
Abnormal Returns
AUGUST 9, 2024
Business Logan Bartlett talks with Dara Khosrowshai, CEO of Uber ($UBER). (podcasts.apple.com) Shane Parrish talks with Brian Halligan, founder and former CEO of HubSpot. (fs.blog) Patrick O'Shaughnessy talks AI and more with Sarah Guo is the founder and CEO of Conviction. (joincolossus.com) Trading Ted Seides talks trading with Todd Simkin is an Associate Director at Susquehanna International Group.
Nerd's Eye View
AUGUST 8, 2024
Over the past few decades, financial advisors have explored new ways to structure, build, and grow successful businesses alongside a growing acceptance that "successful business" can be defined in many different ways. Nevertheless, while firm owners have a variety of options available for structuring and building their businesses, the reality is that they can only prioritize a limited number of goals at one time, which then begs the question – how can firm owners navigate the options of wo
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
Calculated Risk
AUGUST 8, 2024
From Dodge Data Analytics: Dodge Momentum Index Expands Another 8% in July The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 7.9% in July to 216.3 (2000=100) from the revised June reading of 200.5. Over the month, commercial planning increased 6.8% and institutional planning expanded 11.1%. “While data centers have had an outsized influence on nonresidential planning activity in recent months, more momentum is building across many other major sectors and diversifyin
Wealth Management
AUGUST 6, 2024
Financial advisors view the market correction as a normal course of events and a good buying opportunity. “Market volatility is my best friend,” one advisor said. “This is an opportunity to show clients why they pay us a fee, to navigate difficult times with a rock steady approach.
Abnormal Returns
AUGUST 5, 2024
Markets Bryce Elder, "The “long Japanese equities/short yen” trade worked until it didn’t." (ft.com) Market sentiment got way too bullish. (allstarcharts.com) Strategy There's always a (different) reason to sell. (theirrelevantinvestor.com) Investors need to plan for down markets. (awealthofcommonsense.com) If you sell stocks, you have to decide when to get back in.
Nerd's Eye View
AUGUST 6, 2024
Welcome everyone! Welcome to the 397th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jaime Benedetti. Jaime is the Managing Principal of Benedetti, Gucer, and Associates and BEAM Wealth Advisors, hybrid advisory firms based in Atlanta, Georgia, and Covington, Louisiana that oversee a total of $1.2 billion in assets under management for approximately 900 client households.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.
Calculated Risk
AUGUST 5, 2024
From the Federal Reserve: The July 2024 Senior Loan Officer Opinion Survey on Bank Lending Practices The July 2024 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the second quarter of 2024.
Wealth Management
AUGUST 8, 2024
New GenAI-driven technologies can help wealth management firms enhance their customer understanding, streamline operations and deliver more personalized and effective services.
Abnormal Returns
AUGUST 4, 2024
Top clicks this week Are small caps cheap for a reason? (awealthofcommonsense.com) A look at the valuation of the S&P 490. (disciplinefunds.com) Bonds are doing okay in 2024, except for long duration. (capitalspectator.com) How major asset classes performed in July 2024. (capitalspectator.com) Commodities are back down to their lows of the year.
Nerd's Eye View
AUGUST 5, 2024
Welcome to the August 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that Orion and Riskalyze have both announced that they are "unbundling" several key components of their previously all-in-one offerings, highlighting how, after more than a decade and hundreds of millions
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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.
Calculated Risk
AUGUST 6, 2024
From the NY Fed: Household Debt Increased Moderately in Q2 2024; Auto and Credit Card Delinquency Rates Remain Elevated The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The report shows total household debt increased by $109 billion (0.6%) in Q2 2024, to $17.80 trillion.
Advisor Perspectives
AUGUST 7, 2024
The 20th century Baby Boom was one of the most powerful demographic events in the history of the United States. We've created a series of charts to show seven age cohorts of the employed population from 1948 to the present.
Abnormal Returns
AUGUST 6, 2024
Markets A bear market need not a recession make. (axios.com) Not many stocks are making new lows. (allstarcharts.com) Strategy It's easier to deal with market volatility in theory than in practice. (behaviouralinvestment.com) ESG investing has gotten a bad rap, but there is something there for analysts. (flyoverstocks.com) Good trading rules don't go out of style.
Wealth Management
AUGUST 6, 2024
Michael Conway shares how advisors at his firm, Conway Wealth, prioritize a deep understanding of each client’s values and put health and well-being at the center of the planning conversation.
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Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!
Calculated Risk
AUGUST 9, 2024
Here is another monthly update on lumber prices. SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16, 2023. I switched to a physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long term price comparisons since the new contract was priced about 24% higher than the old random length contract for the period when both contracts were available.
A Wealth of Common Sense
AUGUST 6, 2024
Three things I’m thinking about during the stock market correction: This is why I love markets. Everything was calm. There was no volatility to speak of this year. Then BAM! Stocks are tumbling around the globe. Investors are recalibrating on the fly. People are worried about a recession, an AI bubble bursting, the Fed’s inaction, the labor market, the Yen carry trade and a whole lot more.
Abnormal Returns
AUGUST 6, 2024
Retail Using LLMs to identify retail trader strategies. (papers.ssrn.com) A look at the value, or lack thereof, of WallStreetBets stock picks. (alphaarchitect.com) Analysts Why are all-start investment analysts influential? (papers.ssrn.com) Can LLMs replace the average human analyst? (wsj.com) Institutional investors How institutional investors want to consume content.
Wealth Management
AUGUST 8, 2024
In recent earnings calls, both alternative asset managers provided updates on their respective products as they plan to enter an increasingly crowded playing field.
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!
Calculated Risk
AUGUST 6, 2024
Notes: This CoreLogic House Price Index report is for June. The recent Case-Shiller index release was for May. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic: Annual US Home Price Growth Below 5% for Second Consecutive Month as June Home Prices Cool • U.S. home prices posted a 4.7% year-over-year gain in June, with only one state posting double-digit gains. • By summer 2025, prices are predicted to slow to 2.3% as home price gr
NAIFA Advisor Today
AUGUST 5, 2024
Thomas Drapala , RSSA, is Director of Strategic Partnerships, Registered Social Security Analysts, and a passionate advisor and educator with deep expertise in Social Security. He is also a keynote speaker at NAIFA's Apex , September 19-21, at the Arizona Biltmore.
Abnormal Returns
AUGUST 8, 2024
Books A Q&A with Dr. Theodore H. Schwartz, author of "Gray Matters: A Biography of Brain Surgery." (npr.org) A review of "The Anxious Generation: How the Great Rewiring of Childhood Is Causing an Epidemic of Mental Illness" by Jonathan Haidt. (econlib.org) Oil ExxonMobil's ($XOM) big Guyana oil discovery almost wasn't. (bloomberg.com) Jonathan Blake, "Before LA became Tinseltown, it was an oil town.
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