Calculated Risk
MARCH 7, 2024
From Manheim Consulting today: Wholesale Used-Vehicle Prices Declined in February Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were down in February compared to January. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.8, a decline of 13.1% from a year ago. The index was down 0.1% against the month of January 2024.
Wealth Management
MARCH 6, 2024
If the claims are successful in their claims against the estate because it would void nearly $3 billion in deductions to the foundations claimed by the estate.
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Abnormal Returns
MARCH 3, 2024
Also on the site Five thoughts on the power of letting go. (abnormalreturns.com) Top clicks this week What happens when you invest right before a bear market? (awealthofcommonsense.com) Solana is at new all-time highs. (allstarcharts.com) Consumer Reports' top ten list for 2024 is filled with hybrids. (cnbc.com) The Magnificent Seven is all anybody can talk about in the U.S.
The Big Picture
MARCH 6, 2024
At the Money: Knowing When You’ve Whipped Inflation. (March 6, 2024) Investors hate inflation. How can they evaluate what inflation means to the Federal Reserve and possibly future rate cutes? Full transcript below. ~~~ About this week’s guest: Claudi Sahm is a former Federal Reserve economist best known for the rule bearing her name. She runs Sahm Consulting.
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
Calculated Risk
MARCH 6, 2024
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 9.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 1, 2024. The Market Composite Index, a measure of mortgage loan application volume, increased 9.7 percent on a seasonally adjusted basis from one week earlier.
Wealth Management
MARCH 5, 2024
CoFi Advisors is hoping to grow through Integrated’s CPA partnerships.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Big Picture
MARCH 4, 2024
The one and only Howard Marks… The post Making Complicated Ideas Simple appeared first on The Big Picture.
Calculated Risk
MARCH 8, 2024
From the BLS : Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent , the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing. The change in total nonfarm payroll employment for December was revised down by 43,000, from +333,000 to +290,000, and the change for January was revised down by 124,000
Wealth Management
MARCH 5, 2024
Dollar-cost averaging is an inferior investment strategy.
Abnormal Returns
MARCH 4, 2024
Retirement JP Morgan Asset Management's 'Guide to Retirement.' (am.jpmorgan.com) How longevity literacy affect financial wellness in retirement. (papers.ssrn.com) Why getting charitable giving in retirement right is challenging. (fa-mag.com) Headcount RIAs need to do a better job of recruitment AND retention. (riabiz.com) The battle for adviser talent will only grow.
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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.
Nerd's Eye View
MARCH 6, 2024
Financial advisors often discuss how futile it is to try and predict what will happen in the stock market, and yet the reality is that a core component of creating a financial plan involves making a prediction for how markets will behave, at least in the long run. An assumed rate of return is needed, for example, to illustrate how much a client might need to save for retirement, how much savings they'll have when they do retire, and how long their savings will last after they stop working.
Calculated Risk
MARCH 3, 2024
What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For January, Realtor.com reported inventory was up 7.9% YoY, and down 40% compared to January 2019. Now - on a weekly basis - inventory is up 17.8% YoY, and that would still put inventory down about 38% compared to February 2019.
Wealth Management
MARCH 5, 2024
But for now, the law remains in effect for everyone except the plaintiffs in this case.
Abnormal Returns
MARCH 5, 2024
Crypto A little Bitcoin goes a long way in a portfolio perspective. (quantpedia.com) How to use factors to build a crypto portfolio. (sparklinecapital.com) Options How retail traders use options. (papers.ssrn.com) A video on the Black-Scholes options pricing model. (marginalrevolution.com) Alts How fundraising affects PE fund decision making. (papers.ssrn.com) Equity funds haven't gotten a boost by investing in venture capital deals.
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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?
Nerd's Eye View
MARCH 8, 2024
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that RIA clients of an insurance broker providing Errors & Omissions (E&O) coverage saw a 213% increase in claims paid in 2023, attributed to significant jumps in suitability claims (likely stemming from the 2022 market downturn) and claims related to wire fraud.
Calculated Risk
MARCH 6, 2024
Fed's Beige Book Economic activity increased slightly, on balance, since early January, with eight Districts reporting slight to modest growth in activity, three others reporting no change, and one District noting a slight softening. Consumer spending, particularly on retail goods, inched down in recent weeks. Several reports cited heightened price sensitivity by consumers and noted that households continued to trade down and to shift spending away from discretionary goods.
Wealth Management
MARCH 6, 2024
New IRS data show the state’s share of US taxpayers making $1 million or more rose from 2019 to 2021. The same can’t be said of Florida, Texas and New York.
Abnormal Returns
MARCH 7, 2024
Markets Apple, Google and Tesla are underperforming. (allstarcharts.com) How much BBB-rated debt does your corporate bond fund own? (morningstar.com) Finance Just how risky is the prime brokerage business? (ft.com) Robinhood ($HOOD) has hired Klutch Sports to help with marketing. (sportico.com) Apple Why Apple ($AAPL) cut bait on its car efforts. (bloomberg.com) The Apple ($AAPL) Car is not a total write-off.
Speaker: Aaron Berson
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
Nerd's Eye View
MARCH 4, 2024
Welcome to the March 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 advisor lead generation platform Datalign Advisory reached nearly $15B in referred client assets (and almost $3B in actually-converted assets) in just its 2nd year of business, as advisor demand for pa
Calculated Risk
MARCH 6, 2024
Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt: Here is a graph of the year-over-year (YoY) change for these measures since January 2015. Most of these measures are through January 2024, except CoreLogic is through December and Apartment List is through February 2024. The CoreLogic measure is up 2.8% YoY in December, up from 2.7% in November, and down from a peak of 13.9% in April 2022.
Wealth Management
MARCH 7, 2024
While AI will prove a boon to advisors in many ways, fraudsters and scammers will make the most of it, too.
Abnormal Returns
MARCH 2, 2024
Autos Consumer Reports' top ten list for 2024 is filled with hybrids. (cnbc.com) Ford ($F) owners now have access to the Tesla ($TSLA) supercharger network. (arstechnica.com) The 'greenest' new car may surprise you. (axios.com) Transport Given rising auto-related fatalities, self-driving cars should not be controversial. (newcomer.co) A chemical tanker with wind-assisted propulsion has launched.
Speaker: Sierre Lindgren
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 Big Picture
MARCH 8, 2024
This week, I speak with Sean Dobson, chairman, CEO and CIO of Amherst Holdings LLC. The firm manages $16.8 billion in assets focused on single-family rentals, mortgage-backed securities and commercial real estate. He currently serves as a governing trustee for the Dana-Farber Cancer Institute in Boston and is a co-founder of CapCityKids. Amherst was managing a variety of public and private label loans in the 2000s, including mortgage-backed securities (MBS).
Calculated Risk
MARCH 8, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Due to changes at the CDC, weekly cases are no longer updated. For deaths, I'm currently using 4 weeks ago for "now", since the most recent three weeks will be revised significantly. Hospitalizations have declined significantly from the winter high of 30,020 earlier this year but are still well above the low of 5,380 last year.
Wealth Management
MARCH 8, 2024
Buckingham Wealth Partners' John Spyers discusses how productivity solutions are resulting in real results for firms.
Abnormal Returns
MARCH 4, 2024
Markets Has passive investing really broken the stock market? (wsj.com) The U.S. is not a standout when it comes to index concentration. (ft.com) Every market correction doesn't turn into a bear market. (awealthofcommonsense.com) Finance Whatever you call it, clean energy investment is growing. (wsj.com) The U.S. Treasury market is set for some big changes.
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The Big Picture
MARCH 5, 2024
The transcript from this week’s, MiB: David Snyderman, Magnetar Capital , is below. 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. 00:00:02 [Speaker Changed] Bloomberg Audio Studios, podcasts, radio News. 00:00:09 [Speaker Changed] This is Masters in business with Barry Ritholtz on Bloomberg R
Calculated Risk
MARCH 4, 2024
Today, in the Real Estate Newsletter: ICE Mortgage Monitor: "First-Time Homebuyers Make Up Record 47% of GSE Purchase Loans" Brief excerpt: Press Release: ICE Mortgage Monitor: First-Time Homebuyers Make Up Record 47% of GSE Purchase Loans, 39% of All 2023 GSE Securitizations in 2023 • Though originations hit a 30-year low in 2023 , ICE eMBS data shows first-time homebuyers (FTHB) made up the highest share of agency purchase security issuance in at least 10 years A large share of GSE purchase lo
Wealth Management
MARCH 4, 2024
The T3/Inside Information Survey helps drive Kwanti's roadmap.
Abnormal Returns
MARCH 6, 2024
Podcasts Barry Ritholtz talks with Meir Statman about values based-investing. (ritholtz.com) Howard Lindzon talks direct indexing with Mo Al Adham, Founder and CEO of Frec. (youtube.com) Carl Richards talks with Morgan and Gretchen Housel about using simple spending experiments. (podcasts.apple.com) Peter Lazaroff talks with Christine Benz about retirement withdrawal strategies.
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.
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