Advisors will learn how using factors and alternative investments that have premiums that are unique and have evidence of persistence, pervasiveness, robustness, implementability, and intuitive risk- or behavioral-based explanations for why we should expect the premiums to persist in the future can lead to the building of more efficient portfolio that also reduce tail risks. You will learn which factors from the over 600 in the literature should be considered and which alternatives out of the many available should be used and why.
Description: With longevity, we have more aging clients. The average advisor has at least 7 clients with some degree of diminished capacity. Understanding what you need to look for and what to do when you see diminished capacity is critical to keep clients' assets safe and protect yourself. Likewise with longevity, more clients will need long term care. No one is "average". We examine the increased risk of needing this care from identifiable factors. Few advisors know the actual cost of these services, which are not covered by Medicare. Long term care insurance is not for most people and clients all need to get a deeper understanding through competent advice about how much their savings will need to cover.
The Federal Housing Finance Agency (FHFA) has released its U.S. House Price Index (HPI) for February. U.S. house prices were up 0.6 percent on a seasonally adjusted nominal basis from the previous month. Year-over-year the index is up 7.2% (nonseasonally adjusted). Seasonally adjusted, the index is up 5.29% year-over-year.
The latest Conference Board Leading Economic Index (LEI) for March increased to 109.0 from 108.7 in February. The Coincident Economic Index (CEI) came in at 103.4, up from the previous month.
The latest index came in at 17, unchanged from last month, which indicates that activity expanded in March. The future outlook decreased to 33 from 38 last month. Here is a snapshot of the complete Kansas City Fed Manufacturing Survey.
The S&P 500 rose and fell this week, ending Friday up 0.5% from the same time last week. The index was down -0.85% from Thursday and is down 0.95% YTD.
Bill Gross' March 2018 Investment Outlook: A monthly outlook on the global financial markets.
In his first meeting as Chair of the Federal Reserve, Jerome Powell and company delivered what almost everyone had been expecting, a 25 basis point hike in the federal funds rate, and raised expectations for economic activity in the months and years ahead.
With new chair Jerome Powell at the helm, the Fed increased borrowing costs today for the sixth time since the U.S. economic expansion began. Can markets expect continued rate hikes under Powell's watch?
The U.S. Federal Reserve’s announcement of another 25 basis point hike in the fed funds rate range to 1.5% to 1.75% was widely expected by us and by markets. The more interesting aspect of the March FOMC (Federal Open Market Committee) meeting is the change to central bank officials’ forecasts.