Latin America tilted further left this week as Colombian voters elected Gustavo Petro as president. Come August, the former Bogotá mayor and member of the M-19 guerrilla organization will join the region’s growing list of leftist leaders in a political shift some are likening to the “pink tide” of the late 1990s and early 2000s.
Interest rates aren’t simply the price of borrowing money. They are also information, providing signals telling economic players what to do. Interest rates are in fact the price of time. Low interest rates don’t value time very much. Bad signals produce bad outcomes… and that’s where we are now.
If finance could be distilled into one idea, it likely would be that there should be a tradeoff between risk and reward: an investment with low risk should have a low expected return, while one that could make you rich should also be one that could lose you a lot of money. The Overnight Effect flies in the face of this core tenet.
Let’s face it—we love exciting announcements. Why talk about the small technical improvements of a given artificial intelligence (AI) system when you can prognosticate about the coming advent of artificial general intelligence (AGI)? However, focusing too much on AGI risks missing many incremental improvements in the space along the way.
What was once a virtuous circle of locked-up tokens yielding interest that would be reinvested ad infinitum is now a vicious one, as margin calls and liquidations take place at algorithmic speed.
NFIB signals a recession is coming…again.
The client relationship management (CRM) platform has become the beating heart we can’t live without.
Delegates at the second annual Qatar Economic Forum, from Tesla Chief Executive Officer Elon Musk and Nouriel Roubini to Atlas Merchant Capital’s Bob Diamond and StanChart’s Bill Winters, warned the US was heading toward a recession.
The survivors of the rout in cryptoassets could become the technology companies of the future rivaling Amazon.com Inc. and eBay Inc.
Because the consequences of leaving longevity unmanaged are likely to be the most devastating, advisors must act now to address it.
China’s chip industry is growing faster than anywhere else in the world, after US sanctions on local champions from Huawei Technologies Co. to Hikvision spurred appetite for home-grown components.
An “economic hurricane” is coming.
The final day of bidding for Warren Buffett’s last charity lunch just got interesting.
The yellow metal has managed to stay positive since the start of the year, skirting pressure from surging yields and a strong U.S. dollar. Meanwhile, nearly every other asset class has fallen into either correction or bear market territory.
Microsoft Corp. introduced Viva Sales, a new program meant to connect its Office and video conferencing programs with customer-relationship management software — its own and that of rivals, a step that could help it garner revenue from Salesforce Inc. clients.
The one speed bump advisors keep tripping over is that, well, people are funny about their money.
Cryptocurrencies were supposed to teach traditional financiers a thing or two about how to avoid collapses and crises. Yet it feels like we’re simply repeating history. Specifically, the messy hedge-fund humiliation captured in “When Genius Failed.”
Leo Tolstoy’s Anna Karenina opens with one of the most famous lines in world literature: “All happy families are alike, but every unhappy family is unhappy in its own way.”
Investors are terrified.
Though we are seeing the makings of some favourable readings in many on-chain, derivatives, technical and sentiment indicators, the macro and liquidity environment moving forward remain a significant headwind for crypto assets.
A key source of US economic growth this year -- consumer spending -- is showing signs of losing steam, even before Wednesday’s round of Federal Reserve rate hikes kick in.
The better ARK performed, the more money flowed into its main ETF, ARKK. It used this money to buy more sci-fi ARKK stocks, pushing up the prices of its holdings. This created a vicious cycle that has now reversed.
Over the last year, we’ve experienced heightened macroeconomic uncertainty with several events impacting society and financial markets.
A vague tweet by a founder of Three Arrows Capital, an influential hedge fund that has been liquidating crypto holdings as prices plummeted, is stirring fresh apprehension in an already shaken industry.
MicroStrategy Inc., ARK Innovation exchange-traded fund, Tesla Inc. and Twitter Inc. are what I’m watching to identify the ultimate capitulation point of this cycle.
“This market has a 1929 like feeling....”
Several avenues for diversifying cryptocurrency portfolios exist. Investors should weigh the costs and benefits of each of the following three methods.
Social Security has a problem.
The proliferation of semiconductors throughout our economy may drive more durable, less cyclical demand and earnings.
Bitcoin plunged to the lowest in about 18 months after the freezing of withdrawals by the Celsius lending platform added to concern that systemic risk in the crypto ecosystem will accelerate the digital-asset market meltdown.
Madonna was right. That iPhone on which you may be reading this article is far less important to society than the materials – like steel and plastic – that were used to build it.
There’s no way of knowing for certain whether a recession is imminent, but for many Americans, it’s sure starting to feel that way. According to Google, more people in the U.S. searched for the term “recession” than at any other time in the past two years.
When will the bear market end?
Wall Street is pounding the table on the next big thing in technology, predicting the metaverse could be a $13 trillion industry by the end of the decade.
The US Securities and Exchange Commission is investigating whether the marketing of the TerraUSD stablecoin before it crashed last month violated federal investor-protection regulations, according to a person familiar with the matter.
Elon Musk formally and forcefully revived his assertion that Twitter Inc. has a serious bot problem, and threatened to walk away from his deal to buy the company if the social network doesn’t do more to prove its users are real people.
Howard Marks’s latest memo explores recurring investment themes to contextualize the current market correction and the bull market that preceded it. He discusses the role played by financial innovations like SPACs and cryptocurrencies and why he believes psychology, not fundamentals, primarily drives investment cycles – and likely always will.
The price of oil, as measured by the benchmark WTI index, could hit $150 this summer, according to Jeffrey Gundlach. That price may not be sustained, he said, “but the path of least resistance for oil prices is up.”
Most everyone knows that Bitcoin had a stellar two years when the pandemic broke out. But just about all of the coin’s gains since then have happened while US markets are closed.
Absent a crisis, stiffer regulation of cryptocurrencies could take many decades, especially given that major players are pouring huge sums into lobbying.
Will the Fed pause its rate hikes as markets correct?
It’s not all doom and gloom, though. Due to stratospheric oil and gas prices, energy stocks have been the one bright spot in an otherwise dour market this year. Through the end of May, the S&P Oil & Gas Exploration & Production Index gained an incredible 60%, compared to the S&P 500, which fell about 13%.
Is a “lost decade” ahead for markets?
What do you tell clients who suddenly find themselves receiving a large financial windfall?
Bitcoin rebounded after slumping along with stocks on Thursday, meeting resistance at the $30,000 level around which it’s been trading for the past month.
One of the most difficult challenges in finance is how to price crypto assets. Bonds pay interest. Stocks pay dividends. What exactly do crypto assets pay?
Virtual reality is not reality!
Thanks to the spectacular demise of TerraUSD, a cryptocurrency that promised to be always worth a dollar but was suddenly worth a lot less, the world is better acquainted with the term “stablecoin” — and aware of how unstable they can be.
Investors in Bitcoin and other digital assets have been pummeled recently by the longest losing streak since 2011.
Despite the massive selloff in equities this year and persistently high inflation, Dawn Fitzpatrick isn’t worried about a recession in the immediate future.
High inflation has captured the headlines as of late particularly as CPI recently hit the highest levels since 1981.
How can you put the “know, like, trust” element of relationship marketing to work for your business at scale?
The executive order signed by President Biden in March is clearly the first of several steps that will bring the IRS and regulators closer to your crypto wallet.
The bear has ended a long hibernation.
Summer is right around the corner, and traditionally that’s when families pack their bags and get away for a well-deserved vacation. Since this is the first summer travel season in three years that feels like the before times, airlines and airports are bracing for what is expected to be a particularly busy three months.
The disinflationary impact of Fed policy on equities is coming.
The Franklin Templeton Institute hosted the Global Investor Forum last week in New York featuring internal and external speakers with expertise across economics, history, foreign policy, sustainability and investment management.
Cryptocurrencies are the exact opposite of a prudent investment: They’re volatile, have little practical use beyond speculation and crime, often get lost or stolen, and lack the real-world cash flows that underpin the values of stocks and bonds.
Bitcoin, which trades 24/7, has largely tended to move higher on weekends, and the coin hasn’t been posting any abnormal moves between 9:30 a.m. and 4 p.m. on Saturdays and Sundays, which are the stock market’s US operating hours during the week.
Wall Street lenders are calling on the US government to hold off on launching a digital dollar, arguing that a virtual currency backed by the Federal Reserve risks draining hundreds of billions of dollars out of the banking system.
Investing during a recession can be a very difficult, and often dangerous, prospect.
The following is a hypothetical and fictional account of how big tech can disrupt the wealth management industry. A back-to-client focus is discussed. reminiscent of how Apple’s Mac OS empowered users and supplanted predecessor operating systems.
The U.S. was experiencing some of the highest inflation in its history.
As with bodily atherosclerosis, curing our economic condition may require lifestyle modifications. But in one sense, it will be even worse: We’re all going to get the cure whether we want it or not. We’ll get its side effects, too… and you can bet there will be many.
This week has seen a series of rapid contractions across the digital asset ecosystem. In a space that is well-known for volatility, even this week has stood out to observers.
Dover Corporation is a diversified holding company serving more than 200 product categories in the industrial, energy and manufacturing industries.
So here we are: When investors aren't worried about inflation, they're worrying about recession. Tech companies are announcing hiring freezes and job cuts in growing numbers. Homebuilders are starting to talk about slowing demand and the supply of existing homes is rising. Walmart reported this week that it has excess inventories.
Our weekly commentaries provide Euro Pacific Capital's latest thinking on developments in the global marketplace.
Bitcoin is nursing a 21% loss so far in May -- the worst monthly slump in a year -- following last week’s crypto sector turmoil over the collapse of the TerraUSD algorithmic stablecoin, also known by its ticker UST, and Tether’s brief dip from its dollar peg.
Wylie Tollette, Head of Client Investment Solutions with Franklin Templeton Investment Solutions, joins the head of the Franklin Templeton Institute, Stephen Dover, for a conversation on the recent equity market selloff.
Plan for long-term Inflation that will be fought aggressively by the Fed, higher policy rates, and slower economic growth, according to Raghuram Rajan.
It’s been a brutal stretch for retail traders. Stocks are approaching a bear market. A selloff wiped $200 billion off cryptocurrencies in a single day. And Morgan Stanley found that amateur investors who jumped into the market when lockdowns began in 2020 have lost all their gains.
Hundreds of billions of dollars in ephemeral wealth evaporated as the price of Bitcoin plunged to its lowest point since 2020, down more than 50% in about six months. The exchange Coinbase dropped to about a fifth of last year’s initial public offering price.
Some big-name investors forecast that Bitcoin will eventually hit $100,000, $1 million or more. It could very well do that, but for now, its price is closer to $0. That’s both a risk and an opportunity.
In March of last year, we wrote an article entitled “Timing the End of the Tech and Bitcoin Bubbles”. Our conclusion for Bitcoin was that it was indeed in a bubble but that there was insufficient technical evidence at the time indicating its bursting.
In 1995, Treasury Secretary Robert Rubin asserted that a strong dollar is in the US national interest, a mantra repeated by each of his successors. They’re partially correct since the effects of the robust buck, which has soared this year, help some while harming others.
As markets slumped in unison on Thursday, traders pointed to the chaos in crypto as a focal point of their concern. Strategists are increasingly worried that small traders, already nursing losses from the meme stock craze, will be wiped out on their crypto holdings and sell everything else.
Yesterday was another bad down day in the markets.
For all the benefits of the democratization of finance that gave the masses access to the markets on the cheap, the unavoidable downside is that it is impossible to ignore the market’s flailings any more. In olden times, you had to use a “telephone” to speak with a “human” broker to check on your portfolio, if you weren’t willing to wait for the “postal service” to deliver your monthly or quarterly statement.
Stock markets continued to sink following last week’s recession worries, fueled by the Federal Reserve’s rate decision and the threat to global growth from China’s continued Covid lockdowns. The fear could be seen across asset classes, as traders offloaded equities and other risk assets in favor of cash.
If you’ve been paying attention to prices of gold and gold mining stocks the last few weeks, you probably noticed that they go up when the stock market goes up, and they go down when the stock market goes down, limiting the usefulness of gold as a hedge. This isn’t the first time this has happened.
Does conducting your firm’s internal annual review have to cause annual stress, work overload, and a headache?
U.S. stocks suffered another day of losses Monday, as the market continued to weigh the risk that the Federal Reserve’s aggressive anti-inflation campaign could push the economy into recession.
The major market indices finished mixed this week. The Dow Jones Industrial Average lost 0.63%. The S&P 500 Stock Index rose 0.40%, while the Nasdaq Composite fell 1.02%. The Russell 2000 small capitalization index lost 0.28% this week.
LinkedIn statistics show that members who include a professional photo receive 21x more profile views and up to 36x more messages.
The U.S. economy contracted 1.4% in the first quarter, leading some investors and analysts to raise the specter of the dreaded “R” word: recession.
Investor interest and participation in private markets continues to grow.
You will wear a therapist hat on top of your wealth manager cap.
Warren Buffett has simple advice for investors as they stare down the worst inflation in decades: Invest in your own skills.
Here is the just released our 2022 T3/Inside Information Software Survey. It ranks, by market share, the leading software solutions in advisory-firm tech stacks in 35 different categories.
Fintech
A New “Pink Tide” in Latin America?
Latin America tilted further left this week as Colombian voters elected Gustavo Petro as president. Come August, the former Bogotá mayor and member of the M-19 guerrilla organization will join the region’s growing list of leftist leaders in a political shift some are likening to the “pink tide” of the late 1990s and early 2000s.
Inflation Reaches Unicorns
Interest rates aren’t simply the price of borrowing money. They are also information, providing signals telling economic players what to do. Interest rates are in fact the price of time. Low interest rates don’t value time very much. Bad signals produce bad outcomes… and that’s where we are now.
Night Moves: Is the Overnight Drift the Grandmother of All Market Anomalies?
If finance could be distilled into one idea, it likely would be that there should be a tradeoff between risk and reward: an investment with low risk should have a low expected return, while one that could make you rich should also be one that could lose you a lot of money. The Overnight Effect flies in the face of this core tenet.
A Realistic Framing of the Progress in Artificial Intelligence
Let’s face it—we love exciting announcements. Why talk about the small technical improvements of a given artificial intelligence (AI) system when you can prognosticate about the coming advent of artificial general intelligence (AGI)? However, focusing too much on AGI risks missing many incremental improvements in the space along the way.
Crypto Is Not Too Big To Fail, Even With Help From FTX
What was once a virtuous circle of locked-up tokens yielding interest that would be reinvested ad infinitum is now a vicious one, as margin calls and liquidations take place at algorithmic speed.
NFIB Signals A Recession Is Coming…Again
NFIB signals a recession is coming…again.
The Heart of a Tech Stack: Your CRM Software
The client relationship management (CRM) platform has become the beating heart we can’t live without.
Recession Calls Grow; Mnuchin on Inflation Threat: Qatar Update
Delegates at the second annual Qatar Economic Forum, from Tesla Chief Executive Officer Elon Musk and Nouriel Roubini to Atlas Merchant Capital’s Bob Diamond and StanChart’s Bill Winters, warned the US was heading toward a recession.
Crypto Crash Survivors Could Become Tomorrow’s Amazons, BOE Says
The survivors of the rout in cryptoassets could become the technology companies of the future rivaling Amazon.com Inc. and eBay Inc.
The Emperor of All Risks
Because the consequences of leaving longevity unmanaged are likely to be the most devastating, advisors must act now to address it.
US Sanctions Help China Supercharge Its Chipmaking Industry
China’s chip industry is growing faster than anywhere else in the world, after US sanctions on local champions from Huawei Technologies Co. to Hikvision spurred appetite for home-grown components.
“Economic Hurricane” – Hyperbole Or Real Possibility?
An “economic hurricane” is coming.
What Would You Pay for Lunch With Warren Buffett? Bidding Stands at Record $12 Million
The final day of bidding for Warren Buffett’s last charity lunch just got interesting.
Gold Has Been One of the Few Bright Spots in 2022 (So Far)
The yellow metal has managed to stay positive since the start of the year, skirting pressure from surging yields and a strong U.S. dollar. Meanwhile, nearly every other asset class has fallen into either correction or bear market territory.
Microsoft Targets Salesforce Clients With New Tools to Aid Sales Reps
Microsoft Corp. introduced Viva Sales, a new program meant to connect its Office and video conferencing programs with customer-relationship management software — its own and that of rivals, a step that could help it garner revenue from Salesforce Inc. clients.
Dr. Cole Cash and the Next Generation
The one speed bump advisors keep tripping over is that, well, people are funny about their money.
When Crypto’s Own Hedge Fund Geniuses Failed
Cryptocurrencies were supposed to teach traditional financiers a thing or two about how to avoid collapses and crises. Yet it feels like we’re simply repeating history. Specifically, the messy hedge-fund humiliation captured in “When Genius Failed.”
Everything You Wanted To Know About Bear Markets
Leo Tolstoy’s Anna Karenina opens with one of the most famous lines in world literature: “All happy families are alike, but every unhappy family is unhappy in its own way.”
Investors Are Terrified, So Why Aren’t They Selling?
Investors are terrified.
Crypto Market Outlook: Risk-Off
Though we are seeing the makings of some favourable readings in many on-chain, derivatives, technical and sentiment indicators, the macro and liquidity environment moving forward remain a significant headwind for crypto assets.
Consumer Spending Is Running Out Of Steam and the Market Isn’t Ready For It
A key source of US economic growth this year -- consumer spending -- is showing signs of losing steam, even before Wednesday’s round of Federal Reserve rate hikes kick in.
ARKK Stocks Sunk
The better ARK performed, the more money flowed into its main ETF, ARKK. It used this money to buy more sci-fi ARKK stocks, pushing up the prices of its holdings. This created a vicious cycle that has now reversed.
The State of Sustainable Investing
Over the last year, we’ve experienced heightened macroeconomic uncertainty with several events impacting society and financial markets.
Crypto Hedge Fund’s Ominous Tweet Is Latest Shock to Market
A vague tweet by a founder of Three Arrows Capital, an influential hedge fund that has been liquidating crypto holdings as prices plummeted, is stirring fresh apprehension in an already shaken industry.
Tesla, MicroStrategy, Ark ETF Need to Capitulate Before Stocks Bottom
MicroStrategy Inc., ARK Innovation exchange-traded fund, Tesla Inc. and Twitter Inc. are what I’m watching to identify the ultimate capitulation point of this cycle.
Is the Real Economy as Weak as Markets?
“This market has a 1929 like feeling....”
How to Build a Diversified Crypto Allocation
Several avenues for diversifying cryptocurrency portfolios exist. Investors should weigh the costs and benefits of each of the following three methods.
Social Security: Whistling Past The $96 Trillion Graveyard
Social Security has a problem.
Semiconductors: A Less Cyclical Future
The proliferation of semiconductors throughout our economy may drive more durable, less cyclical demand and earnings.
Bitcoin Tumbles to 18-Month Low After Latest DeFi Lender Blowup
Bitcoin plunged to the lowest in about 18 months after the freezing of withdrawals by the Celsius lending platform added to concern that systemic risk in the crypto ecosystem will accelerate the digital-asset market meltdown.
We’re Living in a Material World
Madonna was right. That iPhone on which you may be reading this article is far less important to society than the materials – like steel and plastic – that were used to build it.
Are We Headed for Recession? Gold and Bitcoin Could Offer Some Cover
There’s no way of knowing for certain whether a recession is imminent, but for many Americans, it’s sure starting to feel that way. According to Google, more people in the U.S. searched for the term “recession” than at any other time in the past two years.
When Will This Bear Market End?
When will the bear market end?
As Meta Ditches FB Ticker, Investors Shun Metaverse
Wall Street is pounding the table on the next big thing in technology, predicting the metaverse could be a $13 trillion industry by the end of the decade.
SEC Investigating UST Stablecoin Blowup in Fresh Threat to Terra
The US Securities and Exchange Commission is investigating whether the marketing of the TerraUSD stablecoin before it crashed last month violated federal investor-protection regulations, according to a person familiar with the matter.
Musk’s ‘Buyer’s Remorse’ Won’t Get Him Out of Twitter Deal
Elon Musk formally and forcefully revived his assertion that Twitter Inc. has a serious bot problem, and threatened to walk away from his deal to buy the company if the social network doesn’t do more to prove its users are real people.
Bull Market Rhymes
Howard Marks’s latest memo explores recurring investment themes to contextualize the current market correction and the bull market that preceded it. He discusses the role played by financial innovations like SPACs and cryptocurrencies and why he believes psychology, not fundamentals, primarily drives investment cycles – and likely always will.
Gundlach: Oil Could Hit $150 This Summer
The price of oil, as measured by the benchmark WTI index, could hit $150 this summer, according to Jeffrey Gundlach. That price may not be sustained, he said, “but the path of least resistance for oil prices is up.”
Most of Bitcoin Pandemic Gains Came While Stocks Were Closed
Most everyone knows that Bitcoin had a stellar two years when the pandemic broke out. But just about all of the coin’s gains since then have happened while US markets are closed.
What’s the Crypto Regulation Endgame?
Absent a crisis, stiffer regulation of cryptocurrencies could take many decades, especially given that major players are pouring huge sums into lobbying.
Fed Pause? Markets Hope So, But Likely Not Yet.
Will the Fed pause its rate hikes as markets correct?
The Upside to Record High Gas Prices
It’s not all doom and gloom, though. Due to stratospheric oil and gas prices, energy stocks have been the one bright spot in an otherwise dour market this year. Through the end of May, the S&P Oil & Gas Exploration & Production Index gained an incredible 60%, compared to the S&P 500, which fell about 13%.
A “Lost Decade” Ahead For Markets?
Is a “lost decade” ahead for markets?
What Not to Do When a Financial Windfall Happens
What do you tell clients who suddenly find themselves receiving a large financial windfall?
Bitcoin Meets Resistance at $30,000 While Risk Appetite Returns
Bitcoin rebounded after slumping along with stocks on Thursday, meeting resistance at the $30,000 level around which it’s been trading for the past month.
Crypto’s Value Comes From Crypto’s Volatility
One of the most difficult challenges in finance is how to price crypto assets. Bonds pay interest. Stocks pay dividends. What exactly do crypto assets pay?
Stock Market Metaverse
Virtual reality is not reality!
The Next Stablecoin Collapse Could Be a Lot Worse
Thanks to the spectacular demise of TerraUSD, a cryptocurrency that promised to be always worth a dollar but was suddenly worth a lot less, the world is better acquainted with the term “stablecoin” — and aware of how unstable they can be.
Crushed by Crypto Losses? Here Are Some Tax Tips.
Investors in Bitcoin and other digital assets have been pummeled recently by the longest losing streak since 2011.
Soros’s Money Manager Warns Recession ‘Inevitable’ But Market Timing Is Off
Despite the massive selloff in equities this year and persistently high inflation, Dawn Fitzpatrick isn’t worried about a recession in the immediate future.
High Inflation May Already Be Behind Us
High inflation has captured the headlines as of late particularly as CPI recently hit the highest levels since 1981.
Relationship Marketing: Scaling the “Know, Like, Trust” Factor
How can you put the “know, like, trust” element of relationship marketing to work for your business at scale?
The Danger Posed by Cryptocurrency Regulation
The executive order signed by President Biden in March is clearly the first of several steps that will bring the IRS and regulators closer to your crypto wallet.
The Mother Of All Bear Markets
The bear has ended a long hibernation.
3 Airline Stocks to Consider as We Head into the Busy Summer Travel Season
Summer is right around the corner, and traditionally that’s when families pack their bags and get away for a well-deserved vacation. Since this is the first summer travel season in three years that feels like the before times, airlines and airports are bracing for what is expected to be a particularly busy three months.
The Disinflationary Impact Of Fed Policy On Equities
The disinflationary impact of Fed policy on equities is coming.
Quick Thoughts: Global Investor Forum 2022
The Franklin Templeton Institute hosted the Global Investor Forum last week in New York featuring internal and external speakers with expertise across economics, history, foreign policy, sustainability and investment management.
Crypto in Retirement Accounts? Are You Kidding?
Cryptocurrencies are the exact opposite of a prudent investment: They’re volatile, have little practical use beyond speculation and crime, often get lost or stolen, and lack the real-world cash flows that underpin the values of stocks and bonds.
Bitcoin Falls When the US Market Opens, Pointing to Cash Raising
Bitcoin, which trades 24/7, has largely tended to move higher on weekends, and the coin hasn’t been posting any abnormal moves between 9:30 a.m. and 4 p.m. on Saturdays and Sundays, which are the stock market’s US operating hours during the week.
Wall Street Bank Lobby Lines Up Against a US Digital Dollar
Wall Street lenders are calling on the US government to hold off on launching a digital dollar, arguing that a virtual currency backed by the Federal Reserve risks draining hundreds of billions of dollars out of the banking system.
The Right Strategy Is Critical When Investing During A Recession!
Investing during a recession can be a very difficult, and often dangerous, prospect.
”Apple” Wealth Management
The following is a hypothetical and fictional account of how big tech can disrupt the wealth management industry. A back-to-client focus is discussed. reminiscent of how Apple’s Mac OS empowered users and supplanted predecessor operating systems.
Which Investments Worked 40 Years Ago When Inflation Was This High?
The U.S. was experiencing some of the highest inflation in its history.
Hardening of the Economies
As with bodily atherosclerosis, curing our economic condition may require lifestyle modifications. But in one sense, it will be even worse: We’re all going to get the cure whether we want it or not. We’ll get its side effects, too… and you can bet there will be many.
Digital Asset Market Note: A “De-pegging” Soros Would Be Proud Of
This week has seen a series of rapid contractions across the digital asset ecosystem. In a space that is well-known for volatility, even this week has stood out to observers.
Spotlight Dover Corporation: Engineering Digital Industrial Production
Dover Corporation is a diversified holding company serving more than 200 product categories in the industrial, energy and manufacturing industries.
Welcome to Our Be-Careful-What-You-Wish-For Economy
So here we are: When investors aren't worried about inflation, they're worrying about recession. Tech companies are announcing hiring freezes and job cuts in growing numbers. Homebuilders are starting to talk about slowing demand and the supply of existing homes is rising. Walmart reported this week that it has excess inventories.
The Fed Girds For Battle
Our weekly commentaries provide Euro Pacific Capital's latest thinking on developments in the global marketplace.
Bitcoin Lingers at $30,000 as Traders Assess Stablecoin Fallout
Bitcoin is nursing a 21% loss so far in May -- the worst monthly slump in a year -- following last week’s crypto sector turmoil over the collapse of the TerraUSD algorithmic stablecoin, also known by its ticker UST, and Tether’s brief dip from its dollar peg.
Making Sense of the Recent Market Selloffs
Wylie Tollette, Head of Client Investment Solutions with Franklin Templeton Investment Solutions, joins the head of the Franklin Templeton Institute, Stephen Dover, for a conversation on the recent equity market selloff.
Raghuram Rajan: Inflation, Higher Rates and Slower Growth to Come
Plan for long-term Inflation that will be fought aggressively by the Fed, higher policy rates, and slower economic growth, according to Raghuram Rajan.
Your Stocks, SPACs and Crypto Are Tumbling. Now What Do You Do?
It’s been a brutal stretch for retail traders. Stocks are approaching a bear market. A selloff wiped $200 billion off cryptocurrencies in a single day. And Morgan Stanley found that amateur investors who jumped into the market when lockdowns began in 2020 have lost all their gains.
Crypto’s Wild Week Offers a Much-Needed Warning
Hundreds of billions of dollars in ephemeral wealth evaporated as the price of Bitcoin plunged to its lowest point since 2020, down more than 50% in about six months. The exchange Coinbase dropped to about a fifth of last year’s initial public offering price.
Crypto Winters Have Been Great Times to Buy. Today, Bitcoin Is Half Off
Some big-name investors forecast that Bitcoin will eventually hit $100,000, $1 million or more. It could very well do that, but for now, its price is closer to $0. That’s both a risk and an opportunity.
The Bursting of the Tech and Bitcoin Bubbles—Part II
In March of last year, we wrote an article entitled “Timing the End of the Tech and Bitcoin Bubbles”. Our conclusion for Bitcoin was that it was indeed in a bubble but that there was insufficient technical evidence at the time indicating its bursting.
The Rising Dollar Is Wreaking Havoc With US Trade
In 1995, Treasury Secretary Robert Rubin asserted that a strong dollar is in the US national interest, a mantra repeated by each of his successors. They’re partially correct since the effects of the robust buck, which has soared this year, help some while harming others.
Crypto Stress Is Feeding the Wider Selloff in Global Markets
As markets slumped in unison on Thursday, traders pointed to the chaos in crypto as a focal point of their concern. Strategists are increasingly worried that small traders, already nursing losses from the meme stock craze, will be wiped out on their crypto holdings and sell everything else.
Worries Rise as Markets Drop
Yesterday was another bad down day in the markets.
Don’t Look at Your 401(k)? Good Luck With That
For all the benefits of the democratization of finance that gave the masses access to the markets on the cheap, the unavoidable downside is that it is impossible to ignore the market’s flailings any more. In olden times, you had to use a “telephone” to speak with a “human” broker to check on your portfolio, if you weren’t willing to wait for the “postal service” to deliver your monthly or quarterly statement.
Pandemic-Era Darlings Morph Into Symbols of New Market Wreckage
Stock markets continued to sink following last week’s recession worries, fueled by the Federal Reserve’s rate decision and the threat to global growth from China’s continued Covid lockdowns. The fear could be seen across asset classes, as traders offloaded equities and other risk assets in favor of cash.
Gold's Strange Behavior Shows It's No Haven
If you’ve been paying attention to prices of gold and gold mining stocks the last few weeks, you probably noticed that they go up when the stock market goes up, and they go down when the stock market goes down, limiting the usefulness of gold as a hedge. This isn’t the first time this has happened.
A Checklist to Improve Your Annual Review Process
Does conducting your firm’s internal annual review have to cause annual stress, work overload, and a headache?
Stock Market Volatility: Schwab’s Quick Take
U.S. stocks suffered another day of losses Monday, as the market continued to weigh the risk that the Federal Reserve’s aggressive anti-inflation campaign could push the economy into recession.
OnlyFans Offers a Lesson for Protesting Historically High Home Appraisals
The major market indices finished mixed this week. The Dow Jones Industrial Average lost 0.63%. The S&P 500 Stock Index rose 0.40%, while the Nasdaq Composite fell 1.02%. The Russell 2000 small capitalization index lost 0.28% this week.
Eight Tips for a Great Headshot
LinkedIn statistics show that members who include a professional photo receive 21x more profile views and up to 36x more messages.
Physical Gold And Gold Equities Have Helped Offset Market Losses
The U.S. economy contracted 1.4% in the first quarter, leading some investors and analysts to raise the specter of the dreaded “R” word: recession.
Key Reasons Why Investor Interest in Private Markets Continues to Grow
Investor interest and participation in private markets continues to grow.
When Financial Planning Becomes Therapy
You will wear a therapist hat on top of your wealth manager cap.
Avoid ‘Evil’ Bitcoin and Stay Sane: Investing Wisdom from Buffett and Munger
Warren Buffett has simple advice for investors as they stare down the worst inflation in decades: Invest in your own skills.
This Year’s Top-Ranked Software Products
Here is the just released our 2022 T3/Inside Information Software Survey. It ranks, by market share, the leading software solutions in advisory-firm tech stacks in 35 different categories.