How to Prospect Your Network (Without Being Salesy)
Your social network may be an untapped and robust source for uncovering prospects. While you may be suffering from COVID-19 fatigue, we believe prospecting and having introductory conversations about the services you provide could be one of the best uses of your time.
Crossroads: Shifting Tides in Stock and Labor Markets
Rotation away from the market’s prior momentum darlings continues. Friday’s jobs report had bullets for both the optimists’ and pessimists’ case studies. And improving productivity, partly due to work-from-home trends, could persist as a positive economic driver.
American's Driving Habits as of June 2020
"Travel on all roads and streets changed by -13.0% (-36.5 billion vehicle miles) for June 2020 as compared with June 2019. Travel for the month is estimated to be 244.7 billion vehicle miles." The 12-month moving average was down 1.22% month-over-month and down 7.6% year-over-year. If we factor in population growth, the 12-month MA of the civilian population-adjusted data (age 16-and-over) was down 1.27% month-over-month and down 8.0% year-over-year.
Minisode: The Defined-Risk ETF That is Dominating Its Competitors
The key challenge facing advisors this year has been to keep their clients invested and focused on their long-term goals. That challenge came about when we saw a steep market decline in the first quarter followed by a strong rally. Now, the dissonance between market valuations and an unhealthy economy is leading many to question whether their financial plans and asset allocations will withstand the next round of volatility.