A Wealth of Common Sense
NOVEMBER 25, 2022
Technology stocks make up nearly 24% of the S&P 500. And that number is probably understating things since many of the biggest companies aren’t technically in the tech sector. Amazon and Tesla are two of the biggest holdings in the consumer discretionary sector. Facebook, Google and Netflix are in the communications sector. Many of these companies are now such a part of our lives that it’s difficult to cla.
Mish Talk
NOVEMBER 22, 2022
Bitcoin daily chart courtesy of StockCharts.Com. I have been making notes, some of them incorrectly. Apologies offered. Generational Bottoms Bitcoin is Life Hoot of the Day (From May 2022). Hmm 6 months is up. On May 8, Bitcoin was $34,000. It's now under $16,000. That's OK because 6 months doesn't matter and $1BTC is still $1BTC. Bitcoin Log Chart.
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The Big Picture
NOVEMBER 21, 2022
You may have missed this wonderful Josh Zumbrun column in the Wall Street Journal last week: “ Inflation and Unemployment Both Make You Miserable, but Maybe Not Equally.”. It’s one of those things that are so obvious no one ever stops to think about it – and so we have overlooked this for decades. 1. Stop for a moment and consider the original Misery Index formula as invented by the economist Arthur Okun : add the 3.7% unemployment rate ( BLS NFP ) to the 7.7% inflation rate as measured by the c
The Reformed Broker
NOVEMBER 19, 2022
We made some industry news this week with the hiring of Ritholtz Wealth Management’s first President. You can read about it at Investment News here. And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. . The post This Week on TRB appeared first on The Reformed Broker.
A Wealth of Common Sense
NOVEMBER 22, 2022
Sometimes life would be easier if everyone was more like Keanu Reeves: But other times you just can’t help yourself: I’m choosing door #2 today. Sorry, Keanu. I’ve seen some variation of this chart making the rounds for a few weeks now: At face value, it looks scary and even obvious. During the pandemic, the personal savings rate skyrocketed while credit card debt plummeted.
Mish Talk
NOVEMBER 25, 2022
Demand Weakness Weighs On private sector business activity in November The S&P Global Flash US Composite PMI™ shows and escalation in private sector demand weakness. Key Findings Flash US PMI Composite Output Index at 46.3 (October: 48.2). 3-month low. Flash US Services Business Activity Index at 46.1 (October: 47.8). 3-month low. Flash US Manufacturing Output Index at 47.2 (October: 50.7). 30-month low.
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The Reformed Broker
NOVEMBER 25, 2022
Past performance is not a guarantee of future results. Of course it isn’t. Things change. Especially if we’re referring to the past performance of a particular investment strategy, portfolio manager, mutual fund or individual stock. But past performance of asset classes should be well understood. Especially the kind of past performance that’s taken place over longer stretches of time.
Financial Times: Moral Money
NOVEMBER 25, 2022
Plus, a new spotlight on imperfect ESG assurance
Mish Talk
NOVEMBER 21, 2022
Please consider these COP 27 Closing Statements by the Secretary-General. COP27 took place not far from Mount Sinai, a site that is central to many faiths and to the story of Moses, or Musa. It’s fitting. Climate chaos is a crisis of biblical proportions. Instead of a burning bush, we face a burning planet. Justice for those on the frontlines who did so little to cause the crisis – including the victims of the recent floods in Pakistan that inundated one-third of the country.
The Big Picture
NOVEMBER 25, 2022
It’s Black Friday and you know what that means: Lots of promotional sales and lots of holiday retail spending forecasts. You can rely on the latter being ubiquitous and wrong; some by a little, most by a lot. At least, that’s what the statistically likely outcome is. As we have seen historically , holiday sales forecasts tend to be a reflection of people’s mood at the moment — not an actual measure of intended holiday spending.
Financial Times M&A
NOVEMBER 25, 2022
Valuation met with scepticism despite club’s vast global fan base
Financial Times: Moral Money
NOVEMBER 23, 2022
Seven funds classified as Article 9 under EU’s SFDR sustainable classification will be changed to Article 8
BlueMind
NOVEMBER 24, 2022
Category: Client Relations. The demands of high-net-worth clients are no small feat and can be challenging and daunting to deal with, to say the least. However, acquiring and retaining an HNW client is every financial advisor’s dream. They are a highly lucrative clientele that requires a unique and specialized approach to dealing with their wealth.
The Big Picture
NOVEMBER 20, 2022
A comprehensive look at CO2 emissions around the world and their specific sources: “Today, the Climate TRACE coalition released the most detailed facility-level global inventory of greenhouse gas (GHG) emissions to date, including emissions data for 72,612 individual sources worldwide. The 70,000+ individual sites — including specific power plants, steel mills, urban road networks, and oil and gas fields — represent the top known sources of emissions in the power sector, oil and gas produc
Financial Times M&A
NOVEMBER 25, 2022
Chinese investor in club slashes stake to almost zero
Financial Times: Moral Money
NOVEMBER 22, 2022
Sustainable investing is complex and it is not yet clear what counts
Fortune Financial
NOVEMBER 22, 2022
The holiday season is rapidly approaching, which means that the end of the year is just around the corner. The clock is ticking for taxpayers who wish to minimize the taxes they will owe in the spring. As inflation rates reach 40-year highs, Americans are looking for more ways to save where they can. Whether you’ve had a fruitful financial year or are still rebounding from the impact of higher inflation , these eight-year-end tax-saving strategies can help lower your taxes and increase your savi
The Big Picture
NOVEMBER 23, 2022
Barry Ritholtz, Ritholtz Wealth Management Chairman & CIO and “Masters in Business” Bloomberg Radio & Podcast Host, discusses crypto contagion and the volatile price swings in bitcoin. Yield Hogs Are Always Problematic. ?. ? ?. Source: Bloomberg. The post 15% Yield Was Never Credible appeared first on The Big Picture.
Financial Times M&A
NOVEMBER 24, 2022
Sale to US private equity group at undisclosed price hinges on approval from football club and Bundesliga
Financial Times: Moral Money
NOVEMBER 21, 2022
Plus, Esma proposes new rules for ESG fund names
Integrity Financial Planning
NOVEMBER 24, 2022
Take a moment to consider the world around you. You may be experiencing unrelenting change in your life – the pandemic, economic turbulence, or our society’s increasing reliance on technology – and you may think things look or feel unfamiliar and hectic. But it’s important to remember that your voice and your unique experience as a participant in one of the most transformational generations in history are valuable.
Million Dollar Round Table (MDRT)
NOVEMBER 20, 2022
By Antoinette Tuscano For decades, MDRT members, including industry legends, stood on the Main Platform of the MDRT Annual Meeting before thousands of their colleagues to generously share the ideas that enhanced their careers and lives. Venture into our vault of classic MDRT Annual Meeting videos and listen to the ideas that withstood the test of time.
Financial Times M&A
NOVEMBER 22, 2022
Harsh response from investors is a sign of wider reappraisal of digital health market
Financial Times: Moral Money
NOVEMBER 23, 2022
Plus, a look behind Saudi Arabia’s big talk on renewable energy
XY Planning Network
NOVEMBER 21, 2022
8 MIN READ. Thinking is free. This is something I occasionally like to remind the entrepreneurs I work with when I begin to sense someone slipping into a mild (or not-so-mild) panic over the seemingly endless list of things to figure out and decisions to make when starting a business. After working with small business owners for over a decade, I am no stranger to the pressure so many people feel to get their ducks in a row, launch, and grow as quickly as possible.
Mish Talk
NOVEMBER 24, 2022
Welcome Change Major retailers like Kohl’s, Target, Macy’s, Walmart, J.C. Penney, Best Buy, even Costco will be closed on Thanksgiving day but open as early as 5 a.m. or 6 a.m. on Black Friday according to BlackFriday.Com. That’s a welcome change but it puts all the more emphasis on Black Friday. Retailers Attempt to Lure Price-Weary Shoppers With Deep Discounts.
Financial Times M&A
NOVEMBER 21, 2022
French bank will have option of buying joint venture outright five years after it launches
Financial Times: Moral Money
NOVEMBER 25, 2022
New chief needs to focus on veterinary business, before launching new ventures
Million Dollar Round Table (MDRT)
NOVEMBER 22, 2022
By Johan Fanggara, CFP After competing in endurance sports — including five marathons, two Ironman races and several triathlons — I realized the financial services profession is not a sprint; it’s a marathon. Therefore, having the right mindset is crucial to building something sustainable. To most people, marathons seem like an impossible distance to conquer.
FMG
NOVEMBER 22, 2022
As we approach Thanksgiving this week, we wanted to share some marketing articles that can close out your short week on a high note! Boost your business with these awesome lead-generation tools, pay attention to these graphic design trends and much more. . 1. 11 Lead-generation Tools for Financial Advisors to Help Build Your List via Three Crowns Marketing.
Financial Times M&A
NOVEMBER 23, 2022
Sale of Premiership rivals Chelsea for £2.
Financial Times: Moral Money
NOVEMBER 22, 2022
US regulator says bank staff completed company screenings after they were already picked for portfolios
Mish Talk
NOVEMBER 23, 2022
New Home Sales data from the Census Department, chart by Mish. Last month I noted huge new sales negative revisions for the August. This month the Census Department reports negative revisions for September. If the pattern holds, there will be negative revisions next month too. Please consider the New Residential Construction Report for October. New Home Sales Sales of new single?
Steve Sanduski
NOVEMBER 24, 2022
I learned the hard way that you don’t “conquer” a mountain. In 2004, I set out to climb (conquer) Mount Rainier. My goal was to get that summit pic of me holding the ice axe over my head while congratulating myself and my teammates for this great achievement. Well, with my singular focus and a bit of luck, I made it to the summit, but I was so beat up and exhausted, that I thought they’d have to call a helicopter to get me back down to the trailhead.
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