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☆ Hip-hop stars and financial luminaries: Ritholtz Wealth Management redesigns the investment conference
▼ + stars: | 2023-09-11 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Surf City USA —for a financial conference. A financial conference on a beach? Reinventing the financial conferenceWelcome to FutureProof, billed as "the largest gathering of top-tier wealth management professionals, CEOs, CTOs, COOs, and fast-growing financial advisors." It's the brainchild of Barry Ritholtz, co-founder, chairman, and chief investment officer of Ritholtz Wealth Management, and CEO Josh Brown. "Coming out of the pandemic, it was obvious to us that the traditional financial conference was past its sell-by date," Ritholtz told me.

Persons: Tang, Redman, They're, Jeremy Siegel, Jeff Kleintop, Charles Schwab, Emily Roland, John Hancock, Cliff Asness, Jeff Gundlach, maven Jan van Eck, Barry Ritholtz, Josh Brown, Ritholtz, FutureProof, You'll, Goldman, Goldman Sachs, Morgan Stanley, JP Morgan, RIAs, Dan Ives, Scott Wapner, Siegel, Morningstar, Christine Benz, Jeffrey Ptak, Ben Johnson, podcasters Michael Batnick, Ben Carlson, Wu, Tang Clan Organizations: Wharton, Ritholtz Wealth Management, Chiropractic, Health, Investment Advisors, CNBC, Financial Locations: Huntington Beach , CA, Huntington Beach , California, Surf, Huntington Beach, AQR, DoubleLine, FutureProof, COOs, Wells, Wedbush, Young

☆ The Fed needs to cut interest rates, not raise them, if it wants to tame inflation back to 2%, CIO says
▼ + stars: | 2023-07-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

To lower inflation back to 2%, the Federal Reserve needs to cut interest rates, not raise them. That view runs counter to what many economists and the Fed think, with Fed Chairman Jerome Powell set to raise interest rates once again at the FOMC meeting later this month. The Fed has hiked interest rates aggressively over the past 15 months, sending the fed funds rate from near 0% to in 2022 to just over 5% today. Cutting interest rates to lower inflation isn't Ritholtz's only contrarian view on what the Fed should do. "After the Great Financial Crisis, the economy was sluggish and zero interest rate policy/quantitative easing had driven rates near zero, 2% was a reasonable upside [inflation] target.

Persons: Barry Ritholtz, Ritholtz, Jerome Powell, Rithotlz Organizations: Federal Reserve, Service, Ritholtz Wealth Locations: Wall, Silicon

☆ Premarket stocks: Inflation just reached an inflection point
▼ + stars: | 2023-04-13 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +5 min

According to some experts, inflation rates have reached an inflection point and painful interest rate hikes could soon ease. Some economists believe that this level — around 5% — is the point at which inflation is no longer considered an emergency issue. That means the Federal Reserve could feel less pressure to quickly stabilize prices through aggressive, economically painful interest rate hikes. “The Fed … will insist that their job is done when inflation hits 2%,” Ball told Before the Bell on Wednesday. The US Treasury, Federal Reserve and Federal Deposit Insurance Corporation all intervened to ensure bank customers could access all their money and to attempt to stave off future bank runs.

☆ Premarket stocks: The bond market is crumbling
▼ + stars: | 2022-09-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN Business —The global bond market is having a historically awful year. Vanguard’s $514.5 billion Total Bond Market Index, the largest US bond fund, is down more than 15% so far this year. The iShares 20+ Year Treasury bond fund (TLT) (TLT) is down nearly 30% for the year. What’s next: The bond market may face fresh volatility on Friday with the release of the Federal Reserve’s favored inflation measure, the Personal Consumption Expenditure Price Index for August. If the report comes in above expectations, expect bond yields to move even higher.

Switching careers is hard, but it can be particularly daunting for soldiers transitioning into civilian life. However, when it comes to transitioning into the civilian workforce, they need to ask for help, Sweet said. And it’s a matter of finding them.”There are a number of organizations that want to help and hire veterans of the military. Sweet credits his mentors, Ritholtz CEO Josh Brown and Ritholtz chairman and CIO Barry Ritholtz, for helping him succeed. Sweet landed at the firm several years after leaving the Army, with just one financial job under his belt.

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