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S&P/Case-Shiller released the monthly Home Price Indices for June ("June" is a 3-month average of April, May and June closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P: S&P Corelogic Case-Shiller Index Decelerated in June The S&P CoreLogic Case-Shiller U.S.
Source: AgWeb. If you are interested (as I am) in Real Estate , then allow me to suggest you consider exploring the world of Farmland. It is something I have done for a while, and it is a fascinating rabbit hole to fall into. Not so much as an investor, but as someone interested in how agriculture works (but yes, there is an investor angle here as well).
Is this chart going up or down? It’s not a trick question. Just look at it and tell me what primary the trend is. You’d be amazed at how many financial advisors, insurance brokers acting as financial advisors, financial planners, wirehouse wealth managers, financial consultants and other assorted intermediaries in this business could not for the life of them look at this chart and give you a straight answer.
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
Note: I like using Las Vegas as a measure of recovery for both leisure (visitors) and business (conventions). From the Las Vegas Visitor Authority: July 2022 Las Vegas Visitor Statistics July saw the highest monthly visitation since the start of the pandemic, reaching nearly 3.5M visitors for the month, up 5.7% YoY and just 5.3% below the July 2019 tally.
First Half 2022, NBER Edition. The debate between the official NBER determination of a recession and the 2Qs approach has been endlessly discussed. Rather than spill more pixels on this, I will instead direct you to the Menzie Chin chart above (hat tip Invictus ). You can see why the NBER does not rely on GDP (pink line) alone; GDP was slightly negative, while Manufacturing and Trade Sales were more negative.
I like the way Ari Wald at Oppenheimer frames the current technical set-up for the S&P 500. Now we’re caught between the declining 200-day and the rising 50-day – the latter might be the next major pivot point for short-term traders and for general sentiment depending on what happens if and when we get there: Here’s Ari: A Bullish Base vs. a Resuming Bear The S&P 500’s rejection from its 200-d.
I like the way Ari Wald at Oppenheimer frames the current technical set-up for the S&P 500. Now we’re caught between the declining 200-day and the rising 50-day – the latter might be the next major pivot point for short-term traders and for general sentiment depending on what happens if and when we get there: Here’s Ari: A Bullish Base vs. a Resuming Bear The S&P 500’s rejection from its 200-d.
From the BLS : Total nonfarm payroll employment increased by 315,000 in August, and the unemployment rate rose to 3.7 percent , the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, health care, and retail trade. The change in total nonfarm payroll employment for June was revised down by 105,000, from +398,000 to +293,000, and the change for July was revised down by 2,000, from +528,000 to +526,000.
My mid-week morning train WFH reads: • Who Holds the Student Loan Debt? Most individuals see a return on their student loans in the form of a higher paying career. ( Of Dollars And Data ) see also Debt Babies : Make repayment of all student loans (assumed to the current year only) 100% tax deductible, and retroactively — at least in some part — for people who already paid.
You don’t have to go checking to see all the other performances from last night’s Music Video Awards on MTV, you can just take my word for it – RHCP was the highlight. Nice to see Generation X is still in the conversation <laugh cry emoji>, very quietly being talented and capable while the Boomers and Millennials continue their culture war blood feud.
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.
Tapping into Amazon's cloud service, the wealthtech company will slow its acquisition pace to focus on integrating the multiple businesses—and data—into one unified platform, executives say.
Here is another monthly update on framing lumber prices. This graph shows CME random length framing futures through August 29th. Lumber was at $511 per 1000 board feet this morning. This is down from the peak of $1,733, and up 5% from $485 a year ago. Prices are still up sharply from the pre-pandemic levels of around $400. Click on graph for larger image.
The unofficial end of Summer is here. Labor Day may just be a 3 (or 4) day weekend to you but in the rosy glow of nostalgia, it marked when the freedom of Summer came to a bittersweet close, and the regimented structure of school soon followed. As investors, we understand the impact of seasonality (overstated though it may be) and the return of participants to the market in full. we see this in liquidity and flows as well as more people in the office and the city (though who knows what the post-
And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. These were the most read posts on the site this week, in case you missed it: The post This Week on TRB appeared first on The Reformed Broker.
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?
Today, in the Calculated Risk Real Estate Newsletter: Pace of Rent Increases Continues to Slow A brief excerpt: Here is a graph of the year-over-year (YoY) change for these measures since January 2015. All of these measures are through July 2022 (Apartment List through August 2022). Note that new lease measures (Zillow, Apartment List) dipped early in the pandemic, whereas the BLS measures were steady.
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that, in its newly released draft strategic plan for 2022-2026, the SEC has indicated that the enforcement of Regulation Best Interest’s requirement that brokers act in their clients’ best interests when making an investment recommendation will be a priority going forward.
Strategy Investors can now get non-zero yields on risk-free assets. (awealthofcommonsense.com) Investing lessons learned from Julian Robertson. (ft.com) Companies Starbucks ($SBUX) has a new CEO. (marketwatch.com) Shopify ($SHOP) is still rightsizing its workforce. (theglobeandmail.com) Micron ($MU) is building a big new semiconductor plant in Idaho.
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
Inventory is still increasing, but the inventory build has slowed over the last two months. Still, inventory is increasing faster than in 2019 at this time of year. Here are the same week inventory changes for the last four years: 2022: +3.3K 2021: -0.4K 2020: -2.1K 2019: +2.8K Inventory bottomed seasonally at the beginning of March 2022 and is now up 130% since then.
For most advisory firms, 2022 has been a year of relative stability, market volatility notwithstanding. After 2 years of the pandemic forcing massive changes to most firms’ systems and processes, from client meetings to internal management to marketing and business development, advisory firms are increasingly ‘finding their groove’ in this new post-pandemic (or at least, post-acute-pandemic) era as they grow accustomed to the new ways of getting business done.
The Cadillac Series 40-62 was produced by Cadillac from 1940 through 1964. It was used to introduce the Cadillac Coupe de Ville (and Eldorado) which started out as special appearance packages that were later placed into production. The post-war United States had seen a long run of economic expansion, with the expansion of suburbia and a build-out of the US highway system.
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.
Fannie Mae reported that the Single-Family Serious Delinquency decreased to 0.76% in July from 0.81% in June. The serious delinquency rate is down from 1.94% in July 2021. This is almost back to pre-pandemic levels. These are mortgage loans that are "three monthly payments or more past due or in foreclosure". The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59% following the housing bubble and peaked at 3.32% in August 2020 during the pandemic.
Welcome back to the 296th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Ed Coambs. Ed is the founder of Healthy Love & Money, a financial therapy practice in Charlotte, North Carolina that helps couples and families uncover and understand the roots of their underlying financial conflicts. What's unique about Ed, though, is how as a former financial advisor turned financial therapist, he utilizes couples therapy techniques to help his clients dig deeper int
This week, we speak with Eric Balchunas , a senior ETF analyst at Bloomberg who has more than a decade of experience working with ETF data, designing new functions and writing ETF research for the Bloomberg Terminal. Balchunas also contributes articles, feature stories and blog posts on ETFs for Bloomberg.com and appears each week on Bloomberg TV and Bloomberg Radio to discuss ETFs.
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.
While once institutional allocations were weighted towards retail and office, they have responded to long-term structural shifts and refocused on industrial, multifamily and data centers.
Today, in the Calculated Risk Real Estate Newsletter: 30-Year Mortgage Rates Pushing 6% Again Excerpt: After reaching 6.28% on June 14th, 30-year mortgage rates decreased to a low of 5.05% on August 1st according to Mortgagenewsdaily.com. Since then, rates have been moving up, and rates increased today to 5.95%, probably due to Fed Chair Powell’s speech on Friday.
Podcasts Christine Benz and Jeff Ptak talk with Cameron Huddleston who is the author of "Mom and Dad, We Need to Talk: How to Have Essential Conversations With Your Parents About Their Finances." (morningstar.com) On the importance of getting stated. A Q&A with Paco de Leon author of "Finance for the People: Getting a Grip on Your Finances." (vox.com) Student loans There's a lot to like (and dislike) in the student loan forgiveness plan.
A further discussion of last week’s Tales from the Dark Side. It Should Be Easy to Get Affordable Financial Advice: Ritholtz. Source: Bloomberg , August 30th, 2022. Previously : Tales from the Dark Side (August 26, 2022). The post Video: Tales from the Dark Side appeared first on The Big Picture.
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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