Congress is asking the Federal Reserve and other financial regulators what went wrong at Silicon Valley Bank and why they didn’t see it coming. In due course, they’ll admit some mistakes, draw some lessons and tweak some rules.
I’ve received more emails and calls from clients on the failure of SVB Bank than I did on the stock market crash in April of 2020. That tells me there is wide concern today about the stability of the economy and financial markets.
Here is what sets rockstars apart from the average advisor.
There are many marketing initiatives you can implement on your own that that will likely work. Here are some suggestions.
The goal of marketing is to garner loyalty among existing clients while also attracting new ones to drive growth and profitability for your firm. To implement engaging messaging, follow these tips…
Here are the core tenets I share with advisors who are trying to carve their niche and stand out – the best practices to beef up your marketing efforts in 2023.
The Senate Banking Committee held a hearing to investigate the collapse of Signature Bank (SBNY) and Silicon Valley Bank (SIVB/SIVBQ) that brought to discussion possible changes for the entire banking system.
From the perspective of the U.S. stock market, 2022 was a miserable year (with the S&P 500 declining 19.4%), but until recently, 2023 was shaping up to be a stronger year.
The National Association of Realtors® (NAR) released the latest monthly data for its pending home sales index. According to the NAR, "Pending home sales grew in February for the third consecutive month."
The failures of Silvergate Bank, Silicon Valley Bank, Signature Bank, and the current struggles of First Republic and Pacific West Bank have seen bank deposits flee to the perceived safety of large banks.
VICI Properties Inc. (VICI) from their website: “VICI Properties Inc. is one of the country’s largest owners of gaming, hospitality, and entertainment destinations.
Here are six compliance-friendly ways to incorporate social proof into your website to establish trust and capture new leads.
A study, reported in the Harvard Business Review, claimed that likability was not important to the sales process.
The 2023 T3/Inside Information Software Survey is now available. It’s the best guide to the 300+ fintech solutions in the marketplace, and a good buyer’s guide for advisory firms that are looking for additions or enhancements to their tech stack.
In this webinar, you will learn how to enlist ideal clients to share their experiences with you and your business, and how to translate that feedback into consistent, sustainable business opportunities.
With this morning's release of the January S&P Case-Shiller Home Price Index, we learned that seasonally adjusted home prices for the benchmark 20-city index saw a 0.4% decrease month-over-month (MoM), higher than the Investing.com forecast of -0.5%, and a 2.6% increase year-over-year (YoY). After adjusting for inflation, the MoM was reduced to -1.1% and the YoY was reduced to -4.8%.
In hindsight, it was obvious it wouldn’t last. Low interest rates — the result of shifts in the global economy, economic stability, low inflation and monetary policy — couldn’t stay at zero forever.
A year into its fight against inflation, the Federal Reserve could — just maybe — be done raising its policy rate. History shows that monetary policy pauses mark great buying opportunities for US stocks, but there are several key caveats to bear in mind this time.
For millions of borrowers, student loan forgiveness will mean the difference between significant relief and ongoing payments. If you’re among them, the question is… what next?
The sudden loss of confidence by depositors in some US banks is causing many to focus on the scope for financial contagion and the needed policy responses. What should not be overlooked is the other, and slower, contagion channel in play — that involving enablers of economic growth...
With all that extra intelligence, there will be a need and a desire to undertake many new projects, ranging from innovative theatrical productions to more efficient and densely packed solar panels. These new projects could also herald a world of much cheaper and greener energy, which would further increase humankind’s ability to manipulate the natural environment. Land will thus become more valuable.
The Northern Trust Economics team shares its outlook for growth, inflation, employment, and interest rates.
The changes inside SECURE 2.0 range from new rules related to 529 college savings plans to when retirees should take their required minimum distributions (RMDs). With so much to sort through, advisors may be overlooking some of the details of the act.
As of March 27, the prices of regular and premium gas were unchanged from last week. According to GasBuddy.com, Hawaii has the highest average price for regular at $4.78 and Mississippi has the cheapest at $2.96. The WTIC end-of-day spot price for crude oil closed at $72.81 and is up 7.4% from last week.
Predicting spot exchanges is tricky, but there are still ways of adding value in currency markets, including through a disciplined approach we call currency factor investing.
The demise of a major bank illustrates the global tensions in the financial sector.
Fifth district manufacturing increased in March, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index is at -5 in March, up 11 from February. This is better than the Investing.com forecast of -10. Despite this month's increase, the latest 3-month moving average dropped by 2 from last month to -10.7, the lowest it has been since June 2020.
Doug Drabik discusses fixed income market conditions and offers insight for bond investors.
Beyond the near-term turmoil, there may need to be a re-evaluation of the regional banking model in the United States, according to a recent panel hosted by Stephen Dover, Head of Franklin Templeton Institute.
The Conference Board released its Consumer Confidence Index ® this morning, with the headline number coming in at 104.2, an increase of 0.8 from the upwardly revised final reading of 103.4 in February. This month's reading is better than the Investing.com forecast of 101.0.
As we discussed last week in Looking to the Futures, natural gas prices have been plagued by the perfect storm of lower demand and higher production throughout the withdrawal season.
The Federal Reserve’s balance sheet grew by $394B in the past two weeks.
The Federal Housing Finance Agency (FHFA) has released its U.S. house price index (HPI) for January. U.S. house prices increased by 0.2% from the previous month. Year-over-year the index is up 5.3% on a non-seasonally adjusted nominal basis. After adjusting for inflation and seasonality, the real index is down 0.2% in January and down 0.3% year-over-year (seasonally adjusted).
Ignore short-term market moves and volatility. The biggest investment returns are driven by a handful of outliers in the long run. Growth investing is for patient capital seeking long runways for companies that will ultimately generate outsized returns for investors. Baillie Gifford is uniquely positioned as a global asset manager that is entirely owned by a private partnership. My guest today, Stuart Dunbar, has identified a few technologies that will be important in driving growth in sectors where we will see transformation in the years to come.
A simple annuity can effectively replace bond holdings in a retirement plan that are earmarked to meet the lifetime spending goal. The question is why should a retiree hold any bonds in the portion of their asset base designed to cover ongoing retirement spending goals?
Six of eight indexes on our world watch list posted gains through March 27, 2023. France's CAC 40 finished in the top spot with a YTD gain of 9.34%. Germany's DAXK finished second with a YTD gain of 8.33%, and Tokyo's Nikkei 225 moved to third with a YTD gain of 5.30%. India's BSE SENSEX finished last with a loss of 5.24% YTD.
The Federal Reserve raised short-term interest rates by another quarter point on Wednesday.
The Census Bureau has posted its advance report on durable goods new orders for February. This series dates from 1992 and is not adjusted for either population growth or inflation. Let's review durable goods data with those two adjustments.
Many have questioned the importance of the recent bank failures.
The economic signals and a host of geopolitical risks confronting investors suggest that 2023 could be as challenging as 20022 for both stocks and bonds.
Should investors build their own portfolios of bonds, or buy shares of bond funds? Is there an economic difference or just one of appearance? Are directly held bonds safer because they mature, and you get your money back? How should one decide?
Annie Duke, once one of the best female poker players in the world, helped me understand why people work longer than they need to. This got me thinking about the decumulation problem more broadly and planning to live to age 100.
Of all the questions that ChatGPT has raised about the future of artificial intelligence, one still reverberates through Silicon Valley: Why couldn’t the industry’s largest technology firms breed an innovative service with a similar kind of impact, especially after amassing some of the world’s largest AI teams?
The Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for March. The latest general business activity index came in at -15.7, down 2.2 from last month. The general business activity index has been in contraction territory since May of last year. The 3-month moving average is up 1.5 this month to -12.5, its lowest since June 2022. All figures are seasonally adjusted.
For all of you following the banking crises in the US and Europe, and asking why this is all happening again, I have bad news: Regardless of what laws are passed, or which regulations are issued, banking crises will recur — and not infrequently.
The pitch for an actively managed bond exchange-traded fund can be compelling, especially when there’s market turmoil and uncertainty
The fallout from SVB will make the Fed's job more difficult.
Review the latest Weekly Headings by CIO Larry Adam.
Stock and bond markets were shaken by the recent banking crisis in the US and Europe.
It’s rarely mentioned, but it’s stunning how often the financial planning profession has foreshadowed the evolution of our social environment.
