How today’s economic boom mirrors the structural change the US saw in the - Railroads through Electricity - buildout of the Industrial Revolution. (Reshared from my personal Substack): https://davidjlaplaca.substack.com/p/every-era-rewires-its-world-today?r=39w8z To truly grasp today’s economic surge, we must step back from superficial comparisons of the 2000 dot-com bubble. The more apt historical parallel lies in the 19th-century industrial buildout - from railroads (as a foundational dist
The Agentic Future of Finance and Wealth Management
The financial industry stands on the brink of a transformation as significant as any we’ve witnessed in decades. With the global AI software market projected to grow from $50.1 billion in 2020 to over $110 billion by 2024, according to IDC, the rapid adoption of artificial intelligence is set to redefine how we approach wealth management. This surge in AI-driven innovation is particularly pronounced in financial services, where organizations worldwide are expected to spend an estimated $300 bill
Is the technology cycle creating a set up for a comeback in value stocks?
The AI revolution has Wall Street buzzing. Companies like NVIDIA , Palantir and Tesla have seen their stocks soar, and tech giants are racing to integrate ChatGPT-like capabilities and Artificial Intelligence at large into their products and Services. But amid this tech euphoria, we are noticing an interesting pattern that could signal a major market shift ahead. For the past decade, Growth has been the clear winner. Tech-focused growth stocks have dominated the market, with the likes of Apple,
Some fog beginning to clear
After a year long Bear Market in the S&P, NASDAQ and longer than that in other subsets of the market, the drivers of the current economic malaise are becoming more evident. There are growing signs that the drivers of this current economic disruption are identifiable. While the latest ramp likely fades again - mostly because the FED WANTS it to Fade, we may soon be entering a terminal phase of this cycle. As David Zervos, of Jeffries who is considered one of the Market Strategist closest to the
The conundrum of producing Long Term returns...
The markets have been very challenging in 2022. Through late May the S&P is drawdown has thus far peaked 19.9%(let's call that 20%), the NASDAQ and the Russell 2000 is off 31%, and world indices are negative 18 to -25% in local currency terms. In other words, it has been a very tough year and it is not likely to get better anytime soon.....or is it? This last point gets to the premise of this post. What is the outlook for the markets? It is the one question which everyone has an opinion. It is
If you can keep your head when all about you are losing theirs.....
We are certainly living in interesting times. Not that we are not optimistic about the opportunities in front of us...we ARE. But the temperature of financial markets and investment valuations are a bit, shall we say....hot. So, I share with you one of the poems that my father in his ultimate wisdom not only shared with me and my siblings, but made me commit to memory...and oh has it come in handy. It is one world's greatest poems from one of my favorite poets - Rudyard Kipling, which I think is
Health is the next Boom
We are seeing history repeat itself...and you do NOT want to miss this one! So, just as we saw the FinTech boom created from the crisis of the banking crisis, we are now witnessing a Boom in Health created from the Covid-19 crisis.
The "Market" knows nothing
So, let's stop pretending that the market knows and better yet, stop reacting to the fear (and greed) created by your sense that the market "knows" and get back to knowing what you own and why you own it.
The SECURE Act
SECURE removed the prohibition on Contributions to a traditional IRA in the year an individual turned age 70 ½ and beyond. Starting in 2020, such contributions are no longer prohibited.
Tax & Wealth Planning opportunities in times of turmoil
Tax & Wealth Planning Strategies in times of turmoil
Liquidity Strategies and your privately-held business
The best time to raise capital is when you can point to momentum… either a recent or impending inflection point that KPIs all seem to support.
Intellectus expands Wealth Planning & Family Office Services capability with new group head
Intellectus is excited to announce another transformational hire, Jeff Saccacio as Head of Wealth Planning & Family Office Services
Aurora Insight emerges from stealth with lead by Alsop Louis,True Ventures, and investment by Intellectus
Aurora is pioneering a new method of truly proprietary data capture and analysis. Imagine, a virtual map of all of the radio signals in the air at any given moment! Now imagine all of this data running through a world class Machine Learning & artificial Intelligence platform. This is Aurora Insight > Aurora Insight emerges from stealth with $18M and a new take on measuring wireless spectrum [https://techcrunch.com/2019/10/22/aurora-insight-emerges-from-stealth-with-18m-and-a-new-take-on-mea
Structural reform needed and a global bond bubble set to burst?
Global Bonds are clearly in a bubble. It has been said that a bubble cannot be a bubble unless there is greed and speculation. How could that be the case in the Government bond market? Below is the graph of the TLT ETF, which tracks the price of the 20 YR Treasury bond Index. Note the comparison in the rate of change to that which happened in the real crisis of 2008-09. Generally speaking markets accelerate near the beginning and the end of a major move. This is clearly not the beginning. Even
Inverted Yield Curves and stock returns
The US Treasury Yield curve inverted today for the first time in more than a decade. The yield on the 10 year bond has fallen below the yield on the 2 year bond. This is generally considered an important consequence of economic policy and slowing growth. The consensus is that it generally precedes recessions. Our question was, how do stock returns perform once this signal has been triggered? The Graph below is the 2/10 Yield curve since 1975. Please Note : (White Line is the 2/10 Curve) (