Exploring Paths to Independence
Independence means doing things your way. Advisors go independent with a variety of goals in mind. Some want to design every aspect of their Registered Investment Advisor (RIA) firm, while others simply want to be able to focus on their clients. Some want to build equity in their business, while others prefer to join a firm and negotiate for income and an equity percentage in a larger asset.
Biden’s Fight Against Inflation Is Failing Homeowners
The causes of inflation can be hard to isolate, but in the US at least, one culprit is clear: President Joe Biden and congressional Democrats spent too much in the last two years, and even now refuse to take steps that would ease the problem.
ISM Services Inches Down in September
The Institute of Supply Management (ISM) has now released the September Services Purchasing Managers' Index (PMI). The headline Composite Index is at 56.7 percent and is down 0.2 from 56.9 last month. Today's number came in above the Investing.com forecast of 56 percent.
Northern Trust Asset Management’s Capital Market Forecast
Every year, Northern Trust Asset Management issues a multi-asset class, five-year investment outlook known as its Capital Market Assumptions Report. Per the recently released 2023 edition, Northern Trust is expecting market returns to be slightly below long-term historical averages. While they believe lower stock valuations may provide some support, upside will be limited by higher interest rates. They see a somewhat similar dynamic playing out with bonds, where returns will be supported by higher yields that will be capped by flatter global yield curves. Among the six investment themes they’ve identified as driving markets over the next five years are Slow Growth Transitions, which looks at such slow transitions across the globe as pandemic to endemic; globalization to regionalization; and fossil fuels to renewables. Here today to discuss CMA’s themes and forecasts is Chris Shipley.