What's Next For The Fiduciary Standard And Why Advisors Should Care
The Department of Labor has proposed yet another fiduciary rule on retirement investment advice that is strongly opposed by many financial advisors. Two key provisions would dramatically affect who is deemed a fiduciary and what standards they must meet. Hear from a panel of experts who will explain what these latest developments mean for you.
The Pandemic’s Complex Cocktail
Over the past few years, investors have tended to be richly rewarded for setting aside traditional determinants of market value and focusing on just one thing: plentiful and predictable liquidity injections into the marketplace. But this dynamic cannot last forever, and it may confront a moment of truth in the fourth quarter of 2020.
Uncovering Income-Boosting Opportunities in a Low-Rate Environment
Rates are likely to continue being low for a long period of time. Where can bond investors turn for income? Diversifying with credit in fixed income can improve a strategy’s potential to deliver income, provide capital appreciation and help defend against risk. Different from simply cap-weighting, applying certain factors in a rules-based approach can improve outcomes. Given recent market volatility, investors are encouraged by these alternative fixed-income strategies. Join our experts as they provide an in-depth discuss that will cover:
· Uncovering the most attractive risk-adjusted returns for your clients
· Multi-sector / multi-factor solutions
· Positioning portfolios to exploit pockets of yield, quality and liquidity
The Latest Look at the Total Return Roller Coaster
Here's an interesting set of charts that will especially resonate with those of us who follow economic and market cycles. Imagine that five years ago you invested $10,000 in the S&P 500. How much would it be worth today, with dividends reinvested but adjusted for inflation? The purchasing power of your investment has increased to $17,936 for an annualized real return of 11.74%.
Want to Deepen Your Relationships? Just Ask
We think that if we can just impress others with our smarts, charm, wit, worldliness, hipness, etc., it’ll blow people away and they will spread the word about how lucky they are to know us. Unfortunately, this self-centered approach isn’t effective.
Responsible Alpha® in a Changing World: Innovation as the Cornerstone of Positive Societal Change
Uncertainty. There is plenty. Climate change, human rights and social justice, and (of course) the coronavirus pandemic, are just a few of the sources of uncertainty today. COVID-19 has disrupted the way we work. Advances in healthcare are improving both outcomes and access. Social justice issues are evolving behavioral norms. Broader access to the internet has changed the way we connect and will continue to do so.
From the environment to social justice reform to healthcare improvements, small-cap companies lead the charge through innovation that can truly change the world. Please join expert small-cap growth portfolio manager Granahan Investment Management as they discuss how companies in their portfolios have an eye on transforming our tomorrows.
A Fragile Recovery
The U.S. economy improved significantly this quarter, but investors continue to face several serious risks. In late September, confirmed COVID-19 cases were rising worldwide, and the pandemic may intensify as winter approaches. A combative U.S. presidential election looms.
The Healthcare Conversation: Will it Save or Sink Your Business?
Our panelists will discuss how a simple healthcare conversation with your clients can help retain current clients and attract new clients to your practice.
Some important questions they will answer:
-What is the impact of your clients’ poor Medicare decisions on your practice?
- How can you be a true quarterback for your clients and increase your competitive edge?
- Do you have the tools and resources you need to model the impacts of healthcare expenses and events for your clients?
- Learn how and when to have these important conversations with your clients … before your competition does.
With recently elevated volatility levels some investors are afraid to hold overnight as it’s much harder or not possible to make trades. While it seems intuitive to take risk off the table when there’s not much you can do if things head south, it takes you out of the market when most of the returns are harnessed.
Wasatch Market Scout: Our Thoughts on Stock Valuations
If we do a good job of investing in high-quality companies with the potential for strong, long-duration earnings growth, we think starting valuations will matter less in generating attractive long-term performance. When we invest in a company with a high P/E ratio today, we don’t do so with the expectation the ratio will stay high indefinitely.
Should Investors Change Course Because of the POTUS Diagnosis?
We have a modest economic calendar including the ISM non-manufacturing index, JOLTS, jobless claims data, and the NFIB index. The Fed minutes from September’s meeting will be released. The Vice-Presidential debate is set for Wednesday.
A Q&A With David Rosenberg: The Road Ahead For Investors
With the U.S. election nearing and economies around the world still grappling with the effects of the pandemic, investors need to weigh the latest developments carefully. Join David Rosenberg, one of the world’s best-known economists and investment strategists, for a Q&A with AP CEO Robert Huebscher in a far-reaching discussion on the markets, economics and politics. CFP and IWI CE credits pending.
August Trade Deficit at $67.1B, 5.9% More Than July
The U.S. International Trade in Goods and Services, also known as the FT-900, is published monthly by the Bureau of Economic Analysis with data going back to 199 and details U.S. exports and imports of goods and services. Today's headline number of -63.56B was more negative than the Investing.com forecast of -58.0B.
Volatility Trading in the COVID-19 Era: Shaken not Stirred
While the world focuses on COVID-19, there’s another virus that’s getting far less attention – the volatility virus. Investors and traders who embrace and capitalize on volatility (or “vol”) are jumping into indices that track volatility. And 2020 is surely the year to do so.
Regression to Trend: Another Look at Long-Term Market Performance
Quick take: At the end of September the inflation-adjusted S&P 500 index price was 132% above its long-term trend, down from 135% the previous month.
About the only certainty in the stock market is that, over the long haul, over performance turns into underperformance and vice versa. Is there a pattern to this movement? Let's apply some simple regression analysis to the question.
The Big Four Economic Indicators: September Employment
This commentary has been updated to include Friday morning's release of Nonfarm Employment. September's 661K increase in total nonfarm payrolls had revisions that resulted in 145K more jobs than previously reported. The Investing.com consensus was for 850K jobs gained and the unemployment rate to decrease to 8.2%.
Join us tomorrow for the AP Thought Leader Summit - a FREE virtual event!
Join us for a series of virtual sessions during the AP Thought Leader Summit 2020, October 6-7, 2020. This FREE event is for financial advisors to learn and earn CE credits for sessions from the industry's most influential thought leaders to help grow and manage their practice. Register here!
Uncovering the Mystery Behind Innovation
Ever wonder why Americans enjoy a substantially higher standard of living than any other large country? According to Matt Ridley, it is because the liberal democracy we have nurtured over the last 250 years is the essential catalyst to foster innovation.
The Fed Gambles on Inflation
Over the past couple of decades, the Federal Reserve has coalesced around an idea about inflation that is little more than theoretical, with no real data to back it up. That "idea" is that 2% inflation is the "correct" amount of inflation.
The September Employment Report
Nonfarm payrolls continued to recover in September, although the pace of improvement has slowed and we are unlikely to return to February levels until the pandemic is well behind us. The impact of COVID-19 has been uneven, with job losses remaining more severe in lower-paying service industries. Consumer spending has improved, though mixed across sectors. Further fiscal support will be critical for the unemployed.
CBO – The “One-Way Trip” Of American Debt
The amount of outstanding debt, and the subsequent deficit, has long been a problem in the U.S. For the last two decades, policymakers have made annual promises for more substantial economic growth. Yet with each passing year, growth rates weaken, and economic prosperity worsens.
ISM Services: Continued Growth in September
The Institute of Supply Management (ISM) has now released the September Services Purchasing Managers' Index (PMI). The headline Composite Index is at percent 57.8, up 0.9 from 56.9 last month. Today's number came in above the Investing.com forecast of 56.3 percent.
The Stock-Market Disconnect
The best explanation for why stock markets remain so bullish despite a massive recession is that major publicly traded companies have not borne the brunt of the pandemic's economic fallout. But having been spared by the virus, they could soon find themselves squarely in the sights of a populist backlash.
October Is Already Living Up to Its Reputation as the "Jinx Month"
Investors should try to avoid getting distracted by the feuding political parties within the U.S. A lot of the infighting is being fueled by outside actors, who thrive on the chaos and the division. Russia’s Putin and China’s Xi Jinping are delighted that we’re so divided right now.
Debt Bugs and Windshields
I will try to make the case for a much slower recovery thus much higher debt by 2030. Note first, I’m not saying there will be no recovery. I am simply postulating it will look like the slow recovery from the Great Recession, unless the government makes it worse, which is a nontrivial possibility.