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Manufacturing Has Peaked This Cycle, 8 of 11 ISM Components in Contraction

Mish Talk

Please consider the November 2022 Manufacturing ISM ® Report On Business ® “Manufacturing contracted in November after expanding for 29 straight months. Order backlogs, prices and now lead times are declining rapidly, which should bring buyers and sellers back to the table to refill order books based on 2023 business plans.”

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Friday links: advanced planning

Abnormal Returns

axios.com) Manufacturing employment has stopped going down. (vox.com) Funds It's hard to make the argument for Fidelity's actively managed mutual funds. morningstar.com) What's the business case for 'real' zero fee ETFs? etf.com) Work The construction industry is facing a secular shortage of workers.

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Friday links: changing the game

Abnormal Returns

axios.com) It's hard to plan when the U.S. econbrowser.com) Tariffs or not, some manufacturing will never return to the U.S. (spyglass.org) Apple TV should lean into live channels. sixcolors.com) Contracts When the government pulls money from an account without authority. government is breaking legal contracts.

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CFP Board’s Fee Increase For Workforce Development: More Advisors Or Just More Sales Churn?

Nerd's Eye View

To meet this challenge, CFP Board’s Center For Financial Planning has engaged in fundraising for several years to fuel campaigns that have focused on building the advisor workforce of the future.

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Nine Must Reads for the CRE Industry Today (Aug. 31, 2022)

Wealth Management

First Solar plans a new manufacturing plant in Southeastern U.S., The North American Securities Administrators Association might step up restrictions on small-time investors in real estate funds, reports The Wall Street Journal. according to CNBC.

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Monday links: big lessons

Abnormal Returns

production plans. bonddad.blogspot.com) Where the manufacturing economy stands. Strategy It's way too easy to mislead someone with charts. awealthofcommonsense.com) Once you start humble bragging, it's time to rein things in. radreads.co) Companies Taiwan Semi ($TSM) is doubling down on its U.S.

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Thursday links: a wait-and-see approach

Abnormal Returns

carsongroup.com) Strategy Investing is planning. sherwood.news) Can India continue to take share in manufacturing from China? Markets By this measure, the stock market is at record-high concentration. axios.com) It's been awhile since we had a 2% stock market drop. bloomberg.com) A24 just raised a new round of capital.