Top Stories

Latest News

Volatility Could Bring AI Opportunity

1729332000 from ADVSRPERSP

The Nasdaq-100 Index (NDX), which is half composed of tech stocks, including a slew of AI names, is usually more volatile in October.

Notes From the Desk: Inflation Expectations Rising But Shouldn't Derail Fed Cuts

1729332000 from ADVSRPERSP

Economic data releases have surprised to the upside in recent weeks, but inflation does not remain a threat right now.

A Steady Ship

1729325220 from ADVSRPERSP

Asia-Pacific economies will benefit from soft landings and easier monetary conditions.

Harnessing the Impact of Changing Demographics to Grow Your Practice

1729275678 from ADVSRPERSP

The demographic makeup of America is changing. Latinos now make up almost 20 percent of Americans, up from seven percent in 1980. But while the number of Latino Americans continues to grow, only about four percent of financial advisors identify as Latino.

Netflix Beats Wall Street’s Forecasts in Every Major Metric

1729266816 from ADVSRPERSP

Netflix Inc. added more than 5 million customers in the third quarter and eclipsed Wall Street’s expectations on every major financial metric despite a new programming slate constrained by last year’s strikes in Hollywood.

IPhone 16 Sales Soar 20% in China Debut as Demand Returns

1729266294 from ADVSRPERSP

Sales of Apple Inc.’s newest iPhones in China are up 20% in their first three weeks compared with 2023’s model, a positive sign for a device that struggled this year to gain traction in the world’s largest smartphone market.

How Market Forces Came for the Dinosaurs

1729265793 from ADVSRPERSP

Around 110 million years ago, a dinosaur went hunting. Stalking through ferns along a riverbank, he twitched his nose to the wind and caught scent of a plant-eater ahead. His head darted upward. His eyes locked on the target. The dinosaur drew his sickle claws upward, ready to make a lethal strike. But something wasn’t right.

A Bull Run in Emerging Markets Is Overdue and Easily Missed

1729265175 from ADVSRPERSP

In China’s resurgent stock market, there’s a lesson for investors about the perils of market timing.

In Space, No One Can Hear Musk's Rivals Scream

1729261987 from ADVSRPERSP

Navigating space is hard. It’s expensive, complex, time-consuming and dangerous. And yet you have to hand it to Elon Musk: His SpaceX firm makes it look easy.

Trifecta of Fed Rate-Cut Regret Is an Illusion

1729261187 from ADVSRPERSP

We’ve had several weeks of strong data since the Federal Reserve cut policy rates by a half percentage point. It started with a surprisingly robust jobs report, followed by a janky and above-expectations inflation report.

The Case for Multigenerational Corporate Boards

1729249200 from ADVSRPERSP

Just 5% of board directors are under the age of 50. But research indicates that more age-diverse boards may possess unique business advantages.

Back to the Basics as Markets Continue to Run

1729249200 from ADVSRPERSP

The markets saw a fifth straight week of gains last week. The S&P 500 closed above 5,800 for the first time, the Dow hit a new record high, and the Nasdaq came within 2% of its all-time high.

The Multifaceted Impact of Federal Reserve Easing Cycles on Financial Markets

1729245600 from ADVSRPERSP

Fed easing cycles and lowered target interest rates impact various economic sectors, such as mortgages, consumer credit and cash investments.

As the Fed Provides a Clearer Fiscal Policy Roadmap, Our Models Signal for Less Risk: 3Q24 Market Review

1729245600 from ADVSRPERSP

Markets broadened as anticipated. After the strong rally, our investment models advise a reduction in risk-appetite.

The Big Four Recession Indicators: Industrial Production Worse Than Expected in September

1729197205 from ADVSRPERSP

Industrial production was down 0.3% in September, coming in worse than the expected 0.1% decrease. Compared to one year ago, industrial production is down 0.64%.

The Big Four Recession Indicators: Real Retail Sales Up 0.3% in September

1729196558 from ADVSRPERSP

Nominal retail sales in September were up 0.43% month-over-month (MoM) and up 1.74% year-over-year (YoY). However, after adjusting for inflation, real retail sales were up 0.25% MoM and down 0.65% YoY.

Unemployment Claims Down 19K, As Expected

1729195687 from ADVSRPERSP

In the week ending October 12th, initial jobless claims were at a seasonally adjusted level of 241,000. This represents a decrease of 19,000 from the previous week's figure and is right in line with what economists were expecting.

Retail Sales Up 0.4% in September, Better Than Expected

1729194537 from ADVSRPERSP

The Census Bureau's Advance Retail Sales Report for September revealed headline sales were up 0.4% last month. The latest reading was higher than the expected 0.3% monthly growth in consumer spending.

This 529 Plan Mistake Could Cost You Big at Tax Time

1729180183 from ADVSRPERSP

529 plans are one of the most popular ways Americans save for the college expenses of their children. As of June 2024, there were 16.8 million 529 savings accounts holding $508 billion, according to the College Savings Plan Network.

Subsets and Sensibility

1729179555 from ADVSRPERSP

One of most dangerous habits of a speculative crowd is the tendency to use unconditional averages and unconditional probabilities regardless of how extreme market conditions have become. This is like stepping into a house with two rooms, one with the temperature at 0 degrees and one at 140 degrees, and expecting a temperature of 70 either way.

October 2024 Chart Pack Summary

1729176562 from ADVSRPERSP

We are excited to release our October 2024 Chart Pack, our visual quarterly designed to walk investors through what’s happening in markets.

Shakeup in Bond Futures Stands to Reignite Burned Treasury Trade

1729175478 from ADVSRPERSP

The unwinding of positions in Treasury futures stands to rekindle a popular bond-market wager that’s been burned as traders pare back expectations for aggressive Federal Reserve interest-rate cuts.

US Mortgage Rates Climb to 6.52%, Highest Since Early August

1729175088 from ADVSRPERSP

US mortgage rates rose sharply for a second straight week, reaching the highest level since early August while prompting steep declines in both home-purchase and refinance activity.

TSMC Hikes Revenue Outlook in Show of Confidence in AI Boom

1729174409 from ADVSRPERSP

Taiwan Semiconductor Manufacturing Co. raised its target for 2024 revenue growth after quarterly results beat estimates, allaying concerns about global chip demand and the sustainability of an AI hardware boom.

Boeing Is Flexing the Financial Muscle It Has Left

1729173252 from ADVSRPERSP

Boeing Co. is flexing its financial muscle even in light of a crippling labor strike and a disgraceful period of execution that resulted in two deadly plane crashes, the near-disaster of a midair door-panel blowout and whistleblowers who have detailed a culture of putting profit over quality.

BlackRock’s Third Pivot Is Its Most Adventurous Yet

1729173056 from ADVSRPERSP

When BlackRock Inc. completed its initial public offering in 1999, it fell a bit flat. There was no first day pop; Founder and Chief Executive Officer Larry Fink didn’t even get to ring the opening bell at the New York Stock Exchange. Valued at just under $900 million, the firm was one of 30 large investment-managers in the US, managing $165 billion of assets.

Eyeing Dividend Growers with Unusual Earnings Dates

1729164705 from ADVSRPERSP

The bar is raised for Q3. With a handful of earnings reports delivered from major banks, companies from other sectors begin now to report results to the street.

The Language of Clients: It’s Different From Yours

1729163387 from ADVSRPERSP

My father is 86 and the topic of financial markets and his investment accounts invariably comes up at every family gathering. Mainly, he talks about how my mother and he have lived from their retirement accounts since they both retired more than 25 years ago.

Trade and Tariffs: The Impact on Consumers

1729162988 from ADVSRPERSP

A tariff is a tax assessed on imports. Historically, tariffs have been enacted to generate tax revenue or to protect domestic producers from competition in the form of cheaper foreign goods. In essence, tariffs artificially make domestically produced goods more competitive in the local market by making imports more expensive.

Soft Landing Takes Shape

1729162800 from ADVSRPERSP

The Northern Trust Economics team shares its outlook for U.S. growth, employment, inflation and interest rates.

Gold’s Stars Continue to Align

1729162800 from ADVSRPERSP

In this article, Russ Koesterich discusses gold may continue to serve as a store of value in the current environment.

Volatility: What to Do During Turbulence

1729162114 from ADVSRPERSP

Turbulent market conditions can make anyone nervous. Here's what investors should know about dealing with them.

Big Flow of Small Businesses

1729160382 from ADVSRPERSP

New business formations have held up, but closures are also rising.

Markets Are Demonstrating Cautious Optimism

1729159200 from ADVSRPERSP

Investor Insights explores current investor sentiment, comments on market participation, and shows the current ranking of market sectors.

Cryptocurrencies: Bitcoin Climbs Above $60K

1729107889 from ADVSRPERSP

Bitcoin's price climbed above the $60,000 level this past week. BTC is currently up ~52% year-to-date. Here are the latest charts on three of the largest cryptocurrencies by market share through 10/15/24.

Margin Debt Up 2.0% in September; Highest Level Since 2022

1729105920 from ADVSRPERSP

FINRA has released new data for margin debt, now available through September. The latest debt level is at $813.211 billion, the highest level since February 2022. Margin debt is up 2.0% month-over-month (MoM) and up 19.4% year-over-year (YoY). However, after adjusting for inflation, debt level is up 1.9% MoM and up 16.6% YoY.

Is the Two-Year-Old Bull Market 2 Legit 2 Quit?

1729092775 from ADVSRPERSP

This unique bull market is still young relative to history and, for now, supported by relatively healthy breadth and broadening participation.

Toyota Joins With Hyundai's Boston Dynamics on AI-Powered Robots

1729092432 from ADVSRPERSP

Toyota Motor Corp.’s research unit and Hyundai Motor Co.’s Boston Dynamics are joining forces to speed up development of humanoid robots with artificial intelligence.

Fitch Sees More Stress for Colleges With Budgets Under Pressure

1729092007 from ADVSRPERSP

Fitch Ratings predicts an even gloomier financial outlook for US colleges and universities, with smaller private schools being hit the hardest.

Some Hedge Funds Are Missing a Trick — Volume Alpha

1729091576 from ADVSRPERSP

Machine learning is ubiquitous in financial markets, and we tend to associate it with the sexy parts of hedge fund investing: what to buy, what to sell and how to pick a bottom or a top.

US Weighs Capping Exports of AI Chips From Nvidia and AMD to Some Countries

1729090746 from ADVSRPERSP

Biden administration officials have discussed capping sales of advanced AI chips from Nvidia Corp. and other American companies on a country-specific basis, people familiar with the matter said.

Bitcoin Rally Pauses as Traders Assess US Outlook, ETF Inflows

1729090333 from ADVSRPERSP

A rally in Bitcoin paused as traders evaluated whether an improving regulatory outlook in the US and rising exchange-traded fund inflows will be sufficient to spur further gains.

Jerome Powell Is Not the Greatest Fed Chair Ever

1729088961 from ADVSRPERSP

Even if he does oversee a soft landing for the US economy, Fed Chair Jerome Powell will not deserve a place in the annals of history as the greatest central banker of all time.

How Do I Approach a “Headstrong” Leader?

1729086645 from ADVSRPERSP

There are only a couple of workable options. You can’t tell someone like this she isn’t listening or that you feel shut down when you speak with her. That will only lead to defensiveness.

An Untapped Gold Mine of Assets You Can Manage

1729085953 from ADVSRPERSP

This article will explore how to increase your AUM by capturing assets in trusts and DAFs, explain the difference between directed and traditional trustees, and discuss why designating a directed trustee and an advisor-friendly DAF is in the client’s best interest.

Stock Surge Defies Mixed Economic Data

1729076534 from ADVSRPERSP

This past week saw a notable surge in the stock market, pushing it to all-time highs, despite mixed economic data. Inflation figures, jobless claims, and sentiment reports have been uneven, but markets remain resilient, with the VIX hovering around 20—a sign that fear persists among investors.

U.S. Initial Jobless Claims Rise. Is the Economy Still Headed for a Soft Landing?

1729076400 from ADVSRPERSP

On the latest edition of Market Week in Review, Investment Strategist BeiChen Lin assessed what the latest U.S. economic data suggests about the health of the nation’s economy. He also discussed the pullback in Chinese equities and the rise in volatility expectations for the U.S. stock market.

How Jobs Growth Informs the Backdrop for Multi-Asset Investing

1729076400 from ADVSRPERSP

As the Fed begins cutting rates, October’s surprisingly strong US employment report only adds to the data pointing to a soft landing, despite lingering concerns of a downturn. We expect the economic expansion to continue, which has important implications for multi-asset strategies.

Five Things to Keep an Eye on During Earnings Season

1729076400 from ADVSRPERSP

Since hitting the October 12, 2022, low, the S&P 500 has climbed 65.9%! By historical standards, there is still plenty of room for the current bull market to run

Q3 2024 Earnings Season Preview: Magnificent 7 Feeling the Pressure?

1729076400 from ADVSRPERSP

When we look at the Q3 earnings season, the Magnificent Seven have been driving much of the S&P 500’s growth since 2022. As these companies get larger and more mature, maintaining huge growth rates will become more difficult, especially considering the valuations they’re trading at.