Podcasts about discretionary

In this episode, Patrick Hargreaves, CEO of AKO Capital and PM of the AKO Capital Global Fund, is in discussion with Eloise Goulder, head of the Data Assets and Alpha Group. Patrick discusses the rationale for the quality investment philosophy at AKO Capital and the 'patterns of quality' the team look to identify to source these companies (as articulated in their 2016 Quality Investing book). He also lays out the five specialized teams who work alongside the analysts on market research, forensic accounting, behavioral analysis, data science and sustainability. Finally, Patrick highlights where machine learning and LLM tools can be additive in their processes, and where the role of the human, and of judgement, remains critical.   Shownotes: https://www.akocapital.com/ https://www.akocapital.com/quality-investing/   This episode was recorded on June 6, 2025.   The views expressed in this podcast may not necessarily reflect the views of J.P. Morgan Chase & Co and its affiliates (together “J.P. Morgan”), they are not the product of J.P. Morgan's Research Department and do not constitute a recommendation, advice, or an offer or a solicitation to buy or sell any security or financial instrument.  This podcast is intended for institutional and professional investors only and is not intended for retail investor use, it is provided for information purposes only. Referenced products and services in this podcast may not be suitable for you and may not be available in all jurisdictions.  J.P. Morgan may make markets and trade as principal in securities and other asset classes and financial products that may have been discussed.  For additional disclaimers and regulatory disclosures, please visit: www.jpmorgan.com/disclosures/salesandtradingdisclaimer. For the avoidance of doubt, opinions expressed by any external speakers are the personal views of those speakers and do not represent the views of J.P. Morgan. © 2025 JPMorgan Chase & Company. All rights reserved.

Barenaked Money Welcomes Prisma Music Festival: Maestro Arthur Arnold and Andy Rice from Prisma Music Festival Discuss Music, Professional Parallels, and Community ConnectionIn this special bonus episode of Barenaked Money, host Colin White of Verecan Capital Management Inc. is joined by Maestro Arthur Arnold, Musical Director and Andy Rice, Development & Marketing Director, from the Prisma Music Festival. They discuss the upcoming festival in Powell River, British Columbia, covering its history, significance, and community impact. Arthur explains the meticulous audition process and the festival's educational goals for pre-professional musicians. They also draw intriguing parallels between conducting music orchestras and financial portfolio management, highlighting the importance of balance, adaptability, and passion. The episode ends with an emphasis on the festival's public events and the enthusiastic involvement of the local community and sponsors. For more info on the festival, please visit: https://prismafestival.com/00:00 Introduction to Barenaked Money00:17 Special Guests: Prisma Music Festival01:36 The Musical Journey of Prisma03:36 Community Impact and Support05:38 Colin's Guest Conducting Experience11:54 Public Events and Participation17:09 Application Process for Musicians20:21 Parallels Between Music and Finance30:08 Conclusion and Final Thoughts

"People want to look good," says Raul Shah in arguing that the beauty industry is less discretionary than many realize. He points to strong price action in companies like Ulta Beauty (ULTA) and e.l.f. Beauty (ELF) despite economic uncertainties. Raul believes these companies actually have the power to raise prices and maintain their audience. Alex Coffey offers neutral to bullish example options trades for Ulta and e.l.f.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

In this episode, Gary and Naren discuss a powerful but often overlooked concept: discretionary spending and how your dental practice can benefit from it. Americans spend over $6 trillion every year on things they want, not just things they need. That includes healthcare decisions, like cosmetic dentistry, implants, and other elective treatments. Gary breaks down how understanding this mindset can help you better position your services, attract fee-for-service patients, and break free from insurance limitations. Book your free marketing strategy meeting with Ekwa at your convenience. Plus, at the end of the session, get a free analysis report to find out where your practice stands online. It's our gift to you! https://www.lessinsurancedependence.com/marketing-strategy-meeting/  If you're looking to boost your case acceptance rates and enhance patient communication, you can schedule a Coaching Strategy Meeting with Gary Takacs. With his experience in helping practices thrive, Gary will work with you on personalized coaching, ensuring you and your team are prepared to present treatment plans confidently, offer financing options, and communicate the value of essential dental services. https://www.lessinsurancedependence.com/csm/ 

"I feel like a cat trying to chase a laser pointer" following inflation developments, says Eric Pachman. He isn't worried about future CPI prints after today's report but notes gasoline's deflationary moves as signs of a pinched consumer. Sarah Foster agrees, adding that there are other signals pointing to discretionary spending pullback. They also turn to inflation's impact on the Fed's interest rate path.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

In this week's podcast, 330, I take a look at Gillen Markets. Gillen Markets have built a solid reputation as investment managers and advisors over the past decade and a half, led by founder Rory Gillen. They reportedly manage and advise on over €600m for c.500 families. They made the headlines last week, having announced that they were selling their business to Quilter Cheviot, a UK and Irish based Discretionary fund manager, for an undisclosed sum. As these things always do; it piqued interest in terms of the consolidation of yet another firm, but also in Gillen Markets own Gillen Market Fund (GM Fund). So we are sharing a few thoughts on; - Market consolidation going on in Ireland - Analysis of the GM Fund itself (performance, allocation and fees) I hope it helps. Paddy     Disclaimer

In this episode of the GovDiscovery AI podcast, host Mike Shanley discusses the 2026 discretionary budget request released by the White House. The conversation covers key highlights of the budget, including significant cuts and increases across various federal agencies, and the strategic implications for federal partners. The episode emphasizes the importance of aligning proposals with the administration's priorities and staying informed about changes in federal funding. Takeaways The 2026 discretionary budget request was released on May 2, 2025. The budget emphasizes a shift to centralized mission-focused federal spending. Contractors may face fewer opportunities for larger contracts. The Department of Defense received a significant budget increase. The Department of Homeland Security also saw a substantial budget increase. The State Department faced an over 80% budget cut. The term 'consolidate' was frequently used in the budget request. Firms should align their proposals with administration priorities. Staying updated on presidential actions is crucial for federal partners. GovDiscovery AI offers deeper research for federal capture pursuits.  

In this episode of the Post-Grant Podcast, Troutman Pepper Locke Partner Andy Zappia is joined by Counsels Nick Gallo and Bryan Smith to explore recent shifts in discretionary denial practice at the Patent Trial and Appeal Board (PTAB). They discuss the implications of these changes for patent owners and petitioners, highlighting strategies for navigating the increased unpredictability in discretionary denial practice. The episode also discusses the PTAB's increasing focus on workload challenges and how that is impacting post-grant procedures.

Mel Casey surveys the consumer discretionary sector, noting bad news from autos and cruise lines, but strength still in hotels. He thinks the negative GDP reflects pulled forward demand ahead of tariffs. Right now, he says it's important to make sure no name dominates your portfolio, even if it's strong. “We're stress testing the consumer,” he notes, but thinks there's still too much unknown.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Reflections on Market Bottoms: Lessons from the PandemicIn this episode of Barenaked Money, hosts Josh Sheluk and guest Matt Kempton, discuss the significant five-year anniversary of the market bottom during the pandemic on March 23, 2020. They reflect on the challenges and uncertainties of that period, the importance of not timing the market, and the relevance of diversification. They draw parallels between past and present market conditions, highlighting the constant presence of uncertainty and the need for levelheaded investment decisions. The discussion emphasizes the value of avoiding emotional responses in investment strategies and maintaining a diversified portfolio to mitigate risks.00:00 Introduction to Barenaked Money00:21 Reflecting on the Pandemic Market Bottom03:04 Lessons from Market Cycles08:29 Applying Past Lessons to Today's Market19:55 The Importance of Diversification23:21 Looking Ahead: Market Predictions31:27 Final Thoughts and Advice32:21 Disclaimer and Closing Remarks

Think for a moment about how you spend the majority of your day—working, attending school, raising children, running errands… Now, how do you spend the time that remains? Have you set aside time for the Lord each day? In this message, Jill encourages us to be intentional in connecting with God in all that we do and to make each moment count for Him. To support this ministry financially, visit: https://www.oneplace.com/donate/1141/29

Think for a moment about how you spend the majority of your day—working, attending school, raising children, running errands… Now, how do you spend the time that remains? Have you set aside time for the Lord each day? In this message, Jill encourages us to be intentional in connecting with God in all that we do and to make each moment count for Him. To support this ministry financially, visit: https://www.oneplace.com/donate/1141/29

In this episode, Arty & Gamma from the Market Radar team join the show to discuss their macro models and the importance of systematic trading, how they're thinking about global markets today, and how deficits and tariffs are complicating the Fed's cutting plans. We also delve into lessons for discretionary traders, what Market Radar wants to see to turn risk-on, and more. Enjoy! — Follow Market Radar: https://x.com/themarketradar Follow Felix: https://x.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx — Join us at Permissionless IV June 24th - 26th. Use code FG10 for 10% OFF! https://blockworks.co/event/permissionless-iv __ At Ondo, we design institutional-grade platforms, assets, and infrastructure to bring financial markets onchain. We believe that combining the best of TradFi with the best of DeFi will dramatically improve our financial system—making it fairer, faster, and more accessible to all. Learn more about how Ondo is bringing capital markets onchain at https://ondo.finance/ Ledger, the world leader in digital asset security for consumers and enterprises, proudly sponsors Forward Guidance, where traditional finance meets crypto. As Ledger celebrates a decade of securing 20% of the world's crypto assets, it offers a secure gateway for those entering digital finance. Buy a LEDGER™ device today and protect your assets with top-tier security technology. Buy now on https://Ledger.com. — Timestamps: (00:00) Introduction (01:34) Market Radar Models (04:12) Systematic vs Discretionary Macro (07:23) Market Radar Systematic Approach (14:31) Ads (Ondo, Ledger) (15:42) Lessons for Discretionary Traders (20:58) Weaknesses of Systematic Macro (24:06) Argument Against Shorting (27:57) Current Market Outlook (34:13) Current Market Outlook (Con't) (34:22) Ads (Ondo, Ledger) (37:00) The Fed & Deficits (46:42) Conditions to Turn Risk-On (49:07) Catching Tops & Bottoms (52:09) Final Thoughts __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Understanding Behavioral Finance with Lisa Kramer: From Seasonal Affective Disorder to OverconfidenceIn this episode of Barenaked Money, host Colin White from Verecan Capital Management interview Lisa Kramer, the inaugural Verecan Chair in Behavioural Finance at the University of Toronto. They discuss the importance of behavioural finance, which integrates psychology into economic and financial contexts to understand decision-making processes. Key topics include the impact of sunlight on financial risk preferences, the differences between behavioural economics and behavioural finance, and practical advice for mitigating the effects of seasonal mood changes on investment decisions. Lisa also shares her research on the broader implications of overconfidence in trading. The episode emphasizes the need for awareness and informed decision-making in personal finance.00:00 Introduction to Barenaked Money00:16 Special Guest: Lisa Kramer00:50 Behavioural Finance and Its Importance02:49 Behavioural Finance vs. Behavioural Economics05:35 Seasonal Effects on Financial Decisions10:42 Strategies to Mitigate Behavioural Biases21:47 Financial Decision Making32:42 Conclusion and Final Thoughts

Post-Liberation Day Market Reactions: Navigating Volatility and UncertaintyIn this episode, Colin & Josh discuss the day-after effects of 'Liberation Day' on global markets. They observe significant drops in stock values and express concern over the heightened volatility. With global markets down roughly 3%, the discussion touches on how different sectors are affected, the human toll on affected industries and individuals, and the importance of cautious, long-term investment strategies. They emphasize the need for investors to remain patient and avoid rash decisions during turbulent times. The episode ends on a lighter note, with some strategies to stay distracted from distressing news. 00:00 Introduction: Liberation Day Plus One00:35 Market Reactions and Global Impact01:47 Investment Strategies Amidst Volatility04:40 Human Impact and Emotional Responses07:19 Final Thoughts and Advice

Navigating the Complexities of Tariffs: Insights from Barenaked MoneyIn this episode of Barenaked Money, hosts Josh Sheluk and Colin White, portfolio managers at Verecan Capital Management, demystify the often confusing and volatile topic of tariffs. The discussion features a comprehensive look at the current state of tariffs, humorous anecdotes, and deep dives into the potential impacts on global trade, inflation, and investment strategies. They also discuss the impacts of various economic scenarios including pandemics, wars, and high inflation, and their potential effects on diversified portfolios. The episode concludes with practical advice on maintaining financial stability amidst global uncertainties and the importance of diversifying information sources to avoid being overwhelmed by negative news cycles.00:00 Introduction to Barenaked Money00:19 The Complexity of Tariffs02:11 Current State of Tariffs04:23 Interprovincial Trade Barriers08:27 Economic Impacts of Tariffs20:14 Globalization and Middle Class25:35 Investment Scenarios26:53 Debating Inflation, War, and Tariffs27:08 The Unifying Effect of a Common Enemy28:13 Inflation's Impact on Portfolios30:24 Challenges of the Current Tariff Environment31:53 Market Reactions and Tesla's Stock33:09 Valuations and Market Lessons34:33 The Unpredictability of Trade Wars37:46 Portfolio Management in Uncertain Times44:02 The Psychological Impact of Constant News45:42 Finding Positives Amidst Tariffs46:28 Conclusion and Final Thoughts

Wall St sold off on Friday after new economic data reignited tariff driven stagflation concerns. Dow Jones down 401 points, closing on the low. S&P 500 down 2% and the Nasdaq down 2.7%. Discretionary stocks and Big Tech were hardest hit. Already in a sentiment low the mega-cap names fell. Microsoft (-3%), Apple (-2.7%), Amazon (-4.3%), Meta (-4.3%). Big Chips fared slightly better (still fell). They had underperformed all week. Financials, Materials and Defensives also dropped. Utilities were the only sector to finish in the green. REITs and Health Care near flat. For the week. S&P 500 down 1.5% and the Nasdaq down 2.6%.SPI down 91 - DHG agrees bid Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

James Hardie’s $14 billion deal wasn’t welcomed by the market, so was it done at the right time and for the right price? MARKET WRAP: ASX200: up 0.07%, 7,936 GOLD: $3,026 US/oz BITCOIN: $138,260 AUD Staples were down 1.7% Discretionary finished up 1.1%, with Wesfarmers, Aristocrat and Harvey Norman higher. The Lottery Corporation announced its CEO will step down at the end of the financial year, but shares managed to stay up 0.2%. NAB 2.2% higher, Westpac up 1.4%, Commbank 1.4% to the good, and ANZ up 0.8%. Going backwards by 26% was Helia which told the market its contract with Commonwealth Bank could expire by the end of the year. New Zealand-based Synlait Milk dropped 12%, despite posting a half-year net profit of NZ$4.8 million. Woolworths shedding 1.7% and Coles losing 2.1% CURRENCY UPDATE: AUD/USD: 62.89 US cents AUD/GBP: 48.6 pence AUD/EUR: 58 Euro cents AUD/JPY: 94 Japanese yen AUD/NZD: 1.09 NZ dollars See omnystudio.com/listener for privacy information.

Raul Shah reacts to the Retail Sales data, saying the results “make sense” and think the numbers show “more than seasonality.” He's focusing on manufacturing levels to get a sense of how the economy is “actually” doing. He thinks discretionary spending will continue to see a pullback as consumers search for lower price points.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Discretionary stocks leading the market lower, as retailers sound the alarm on the pressure facing consumers. How inflation and tariff concerns are impacting buyers, and what it means for the largest retail companies. And While stocks continue to drop, some names may be presenting attractive entry points. The discounted names our traders are watching, and the technical levels that back them up.Fast Money Disclaimer

In this episode, Jeff Malec sits down with Scott Phillips, the CIO of Lavaca Capital, to discuss the firm's journey in the world of options trading. Scott shares his personal background, from his start as an auditor of energy derivatives at KPMG to founding Lavaca Capital and navigating the complexities of options strategies. The conversation covers Lavaca Capital's evolution, from their initial focus on simple option structures to the expansion into more complex portfolios and the eventual return to simpler expressions. Scott provides insights into the challenges of managing option books, the importance of discretionary overrides, and the impact of the growing options ETF space.Scott and Jeff explore the misconceptions and pitfalls in the options market, the need for better education and simplification of concepts, and the potential for future market disruptions. They also discuss the firm's customized solutions for clients, the current market environment, and the lessons learned from historical market events.00:00-01:01=Intro01:02-08:40= Auditor to Trader, A Rare Bird, & Misconceptions of Options08:41-20:31= Complexity, Hedging, and Customized Option Strategies20:32-30:36=Current Strategies, Market Environment, and Systematic vs. Discretionary 30:37-35:42=Lessons from Historical Market Events and Looking Ahead35:43-43:13=Managing Options in Volatile Markets43:14-49:07=Back in Time, Texas, and the Options Capital of the WorldFrom the Episode:The VIX Index and Muted Volatility in 2022RCM: The Dummies Guide to Option GreeksFollow along with Scott and Lavaca Capital on LinkedIn and check out their website for more information at lavacacapital.comDon't forget to subscribe to⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Derivative⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, follow us on Twitter at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@rcmAlts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and our host Jeff at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@AttainCap2⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, or⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ , and⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, and⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠sign-up for our blog digest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.rcmalternatives.com/disclaimer⁠

On the pilot episode of "The Executive Perspective" (Ret) NYPD Inspector Ron Leyson & (Ret) NYPD Chief Rob LuKach sit down and discuss NYPD discretionary promotions and how DEI has infected that process Related Article: https://www.nydailynews.com/2022/11/14/promotion-process-a-mystery-according-to-nypd-internal-report-cited-in-lawsuit-from-passed-over-asian-cops/ To Purchase a Coffee Mug https://the-finest-unfiltered-podcast.printify.me/product/10258644 To learn more about us visit us at: Website: https://thefinestunfiltered.com Youtube: https://youtube.com/@TheFinestUnfiltered?si=Y5ZcHqdgVLunTYx9X: https://www.instagram.com/TheFinestUnfiltered https://x.com/TheFinestCast Rumble: https://rumble.com/user/TheFinestUnfilteredPodcast If you are interested in purchasing a Finest Unfiltered T-Shirt please visit https://meyersuniforms.com/265-unfiltered-podcast-tee/ For any financial or investment advice please contact LaidLaw Blue at 888-901-2583 (Blue) or visit them online at https://laidlawwealthmanagement.com/laidlaw-blue/ tell them your friends at #TheFinestUnfiltered sent you. Want to create live streams like this? Check out StreamYard: https://streamyard.com/pal/d/5689366474915840 #NYPD #NYC #Crime #Politics #Podcast #policepodcast #Cops #JohnMacari #EricDym

James and Mitch discuss: - Superbowl recap including half time show. - Mitch and James questionable footwear decisions. - How much do you need for retirement / financial independence? - Australia's most expensive home sale record broken! - Discretionary spending data and what it means for next week's rates decision. - Buy/Sell - Who am I?   Get in touch jamesf@jlf.com.au | mitchells@jlf.com.au All views and opinions discussed are that of the hosts. They do not endorse reliability or accuracy of their information. Not for commercial use.

Welcome to another episode of Expert To Authority Show, brought to you by http://gtex.org.uk/,  I am your host, Simone Vincenzi, The Experts Strategist, and this is the podcast for experts who want to become the ultimate authority in their niche while making an impact in the world. We have created the Webinar Conversion Kit where you will get access to: The High-Converting Webinar Framework BONUS #1: High-Converting Webinar Slide Template BONUS #2: Pitch and Follow Up Templates BONUS #3: High Converting Webinars Case Studies BONUS #4: Our Trello Webinar Checklist All of this for only £29.99 for a limited period of time. Click here to download. https://webinarconversionkit.com/ Today I have the pleasure to interview Pamela Stambaugh  Pamela Stambaugh is a Behavioral Change Master, out to improve the effectiveness and the fulfillment of leaders and, by association, their teams. Who a leader is BEING has a direct impact on the productivity and performance of their team.  Discretionary effort drops to the bottom line, impacting profitability. While improving the lives and effectiveness of leaders, Pamela is also creating case studies to draw the lines from BEING to Team DOING to Company HAVING greater profitability. Connect with Pamela Stambaugh  Website: www.accountabilitypays.com Linkedin: https://www.linkedin.com/in/pamelastambaugh/ To become a GTeX Member, Apply here: https://gtex.events/call  ------- To receive daily support in your coaching and speaking business, join our private Facebook Group EXPLODE YOUR EXPERT BIZ https://www.facebook.com/groups/explodeyourexpertbiz/ ------- Take a full business assessment for free to have absolute clarity on your business with the EXPERT BIZ CHECKLIST. http://bit.ly/expert-biz-checklist-podcast ------ Also, make sure you subscribe to the podcast so you don't miss any other episode.   If you want to reach out to me with your questions, you can email me at Simone@gtex.org.uk that comes right to my inbox.

United States v. Defrance, No. 23-2409 (9th Cir. Dec. 30, 2024)crime of violence; “bodily injury”; MT Code Ann. § 45-5-206(1)(a); assault; emotional or verbal injury; realistic probability test Zarzecki v. Garland, No. 21-3267 (7th Cir. Jan. 3, 2025)wholesale exclusion of evidence during adjustment of status discretionary analysis as legal error; de novo review of discretionSponsors and friends of the podcast!Kurzban Kurzban Tetzeli and Pratt P.A.Immigration, serious injury, and business lawyers serving clients in Florida, California, and all over the world for over 40 years.Docketwise"Modern immigration software & case management"Cerenade"Leader in providing smart, secure, and intuitive cloud-based solutions"Click me!Stafi"Remote staffing solutions for businesses of all sizes"Promo Code: stafi2024Get Started! Promo Code: FREEImmigration Lawyer's Toolboxhttps://immigrationlawyerstoolbox.com/immigration-reviewWant to become a patron?Click here to check out our Patreon Page!CONTACT INFORMATIONEmail: kgregg@kktplaw.comFacebook: @immigrationreviewInstagram: @immigrationreviewTwitter: @immreviewAbout your hostCase notesRecent criminal-immigration article (p.18)Featured in San Diego VoyagerAll praise to the pod's wonderful editors!Luana Lima SerraDISCLAIMER & CREDITSSee Eps. 1-200Support the show

If you ever wanted to understand how our government spends your money, this is the episode for you. There is no one better to fully unpack our debt and deficit crisis than Mick Mulvaney, Mick was the director of the office of management and budget for the Trump administration. In this episode, Mick walks us through the spending arms of the government, giving us a comprehensive explanation of mandatory and discretionary spending. Mandatory spending is written into law and does not require annual approvals; Social Security, Medicaid, Medicare, Income Security and Veterans Benefits all fall under mandatory spending. Discretionary spending must be reviewed and approved each fiscal year with defense spending accounting for nearly half of discretionary spending. Homeland security, education, transportation, research, science and space programs, disaster relief and others are all discretionary programs. For 2 years in a row, our government has run a 2 Trillion dollar deficit in its spending habits and Congress has not balanced a budget in over 2 decades. Mick thoroughly walks us through how we got to the near unfathomable 36 Trillion dollar debt, including the 1 trillion we accumulate nearly every 100 days and what we can do about it. Finally, is there a glimmer of hope with the new department of government efficiency headed by Elon Musk and Vivek Ramaswamy? Featuring: Mick Mulvaney Former Director | Office of Management and Budget Former Congressman | South Carolina, District 5 -- Sponsors: PHD Weight Loss Work with a specialized nutritionist now to achieve YOUR weight loss goals! With PHD Weight Loss you get a personal nutritionist to get dialed in and achieve your personal goals. Food is sent to you at no extra cost and achieves better results than any drug company can claim. Call PHD Weight Loss now at 865-655-1900 or goto https://myphdweightloss.com/ American Made Goods If you're looking for American made household goods that are SAFE and NON-TOXIC then you should join me by texting 276-500-1185! From cleaning supplies to detergent to make-up, this American company has everything you need and it's all made right here in the USA. Just text 276-500-1185 today! -- Trump may never do another rally so this may be your last chance to experience it for yourself! Front Row Joes: https://frontrowjoes.movie/ -- Subscribe and ring the bell for new videos: https://youtube.com/seanmspicer?sub_confirmation=1 Listen to the full audio show on all platforms: Apple Podcasts: https://podcasts.apple.com/us/podcast/the-sean-spicer-show/id1701280578 Spotify: https://open.spotify.com/show/32od2cKHBAjhMBd9XntcUd iHeart: https://www.iheart.com/podcast/269-the-sean-spicer-show-120471641/ Become a part of The Sean Spicer Show community: https://www.seanspicer.com/ Follow The Sean Spicer Show on social media: Facebook: https://facebook.com/seanspicershow Twitter: https://twitter.com/seanspicershow Instagram: https://instagram.com/seanspicershow Stay in touch with Sean on social media: Facebook: https://facebook.com/seanmspicer Twitter: https://twitter.com/seanspicer Instagram: https://instagram.com/seanmspicer/ #politics #news #theseanspicershow #seanspicer #conservativemedia #podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market hitting all-time highs has been somewhat limited to only a few, major stocks. Sector by sector, things have not been quite as grand. Basic Materials, Industrials, Financials, and even Energy stocks have not followed the same trend as the S&P 500. Why is this? Because of the Mag-7 stocks, like Apple, Amazon, Google, and Nvidia, etc. Market breadth is declining. Dig into any sector outside Technology, Communications, and Discretionary, and the market is not doing so great. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=yUe60JWmpzM&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1&t=3s ------- Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MagnificentSeven #SP500 #NarrowMarket #MarketBreadth #BasicMaterials #Financials #Energy #Technology #Communications #Discretionary #OilPrices #SlowingEconomy #GoldPrices #GoldCorrection #USDollar #EconomicGrowth #InvestingAdvice #Money #Investing

Kris Krohn discusses the importance of maximizing discretionary income for building wealth, particularly for those starting with limited resources. He emphasizes the need to reduce expenses, negotiate bills, and create a strict budget to save at least 20% of income. Krohn also advocates for increasing income through raises, side gigs, or investments in real estate to generate additional discretionary funds. Lastly, he encourages investing wisely, particularly in real estate, and offers guidance on creating a personalized plan for financial success.

Trading can often be a catch-22 where you find yourself impossibly stuck between what you can do & what you want to do. Let's take a look at how to work through this phase. Learn to Trade at www.TierOneTrading.com Your Trading Coach - Akil --- Support this podcast: https://podcasters.spotify.com/pod/show/thetradingcoachpodcast/support

Carl Quintanilla, David Faber, and Sara Eisen discussed the latest for stocks as the S&P and Dow hit more record highs. Fundstrat's Tom Lee brought the team his 4 cases for a year-end rally - and bull case for bitcoin $100k - while BMO's Chief Investment Strategist highlighted Financials, Tech, and Discretionary as 3 sectors with more room to run here. Also in focus: President-elect Trump picks Scott Bessant for Treasury Secretary, closing arguments begin in the DOJ's case against Google over advertising tech, and UBS upgrades the ‘Big 6' tech names to buy.   Squawk on the Street Disclaimer

Four of the top question you asked:  - What are discretionary calories, why do they matter, and how much should we aim for? - What your thoughts on blood work done?  Should I get some?  What should I get for nutrition? - Why do people "relapse" on their weight/performance/nutrition goals? - I'm getting older.  How do my protein needs change...or do they?   Plus more!   Check out our programs and materials or subscribe to our newsletter on our website!

Our panel of analysts discusses the health of the US consumer through the lens of spending, credit use and home ownership. ----- Transcript -----James Egan: Welcome to Thoughts on the Market. I'm James Egan, Morgan Stanley's co-head of Securitized Product Strategy, and today we're going to take a look at the state of the US consumer from several different perspectives.Recent economic data suggests that the US economy is strong, and that inflation is on a downward trend. Yet, some of the underlying performance data is a little bit weaker. To understand what's happening, I'm joined by my colleagues Arunima Sinha and Heather Berger from the Global and US Economics teams.It's Thursday, November 7th, at 10am in New York.Now, the macro data on the consumer has looked pretty strong. Arunima, can you give a little bit more detail here? And specifically, how has consumer spending in the US been trending relative to where it was last year?Arunima Sinha: So, a good place to start, Jim, would be just to see where consumption spending was last year. And there it ended on a strong note. And in the first three-quarters of 2023, the average quarterly analyzed growth for consumption was just under 3 per cent. And that's where we are this year. We've seen solid growth rates in all three quarters this year, with the third quarter at 3.7 per cent. A particularly interesting aspect has been that the spending on goods has actually accelerated this year, with the third [quarter] number at a blistering 6.0 per cent on a quarterly basis.We have chalked this down to labor income growth remaining robust; and we did an analysis which showed that past growth in labor income boosts real consumption spending. Over this year, labor compensation has been growing strongly. So over 6 per cent in the first quarter and about 3.5 per cent in quarters two and three.And so, we continue to expect that that solid labor income growth is going to continue to boost real consumption spending.James Egan: All right. So, if I'm hearing you correctly – good spending, holding up; services, holding up. What about discretionary versus non-discretionary spend?Arunima Sinha: That's a great question, Jim, especially because discretionary spending is 70 per cent of all nominal personal consumption spending in the US. So just for context, what does discretionary include? It's going to be all the spending on durable goods, some non-durables, and then non-essential services such as health and transport, financial services, etc. And what we also saw – that a larger share of labor income is now being spent on discretionary items relative to the pre-COVID phase.So where are growth rates running? Discretionary spending is running strong on both a nominal and a real basis. So, on a nominal basis, we have about 5.5 to 6 per cent year on year, over this year, and over 3 per cent on a real basis. And these are largely in line with pre-COVID rates, if a little bit stronger now.For non-discretionary spending – that's the spending on food at home, and clothing, energy, and housing services – nominal spending has been decent. So, 4 per cent year on year on the first three quarters this year, and real spending has been a little bit less than the pre-COVID rate. So, between 0.5 per cent to 1 per cent. And so, this suggests what we expected to see, which is there's likely greater price sensitivity among consumers for these non-discretionary categories.What do we see going forward? We think that those increases in labor income are going to continue to provide boosts to discretionary spending. And one of the interesting aspects that we found was that lending standards seem to matter for discretionary spending. So, there's been some slowing down and the tightening of lending standards – and that could provide a further tailwind to discretionary spending.James Egan: Alright, that all sounds pretty positive and makes sense as to why we're getting so many questions about economic data that looks very healthy from a consumer perspective. But then, Heather. Other consumer data is showing a little bit more weakness. Arunima just mentioned credit standards. What are we seeing from the performance perspective on the consumer credit side?Heather Berger: Well, as you mentioned, the consumer credit data has shown more weakness, as more consumers are missing payments on their loans. We initially saw delinquency rates start to pick up in loans concentrated towards consumers with lower credit scores, such as subprime auto loans and unsecured personal loans, as those consumers were more affected early on by high inflation and then rising rates.Delinquency rates for those lower credit score loans are near the highest we have on record in some cases. In the past year, though, we have also seen that delinquency rates have picked up in loans aimed at consumers with higher credit scores, such as credit cards and prime auto loans. The weakness in these is not as extreme as in subprime, but the delinquency rates of the loans taken out recently is still relatively high historically. James Egan: So, it sounds like what you are describing is that there are pockets of consumers that are feeling more weakness than others.Heather Berger: Yes, exactly. And so, on the prime consumer side, even if these consumers have higher credit scores or higher incomes, if they took out loans recently, they likely did so at higher rates, and they're really feeling the pressures of higher debt service costs.We can also see some of the bifurcation between low income and high-income consumers. In some of the more detailed economic data, we have a breakdown of 2023 spending by income group, which is a bit outdated but still useful to see the narrative – and what it shows is that in 2023 higher income consumers made up near the largest share of discretionary spending as they have historically. For lower income consumers, their spending has shifted more towards essentials, with shelter increasing the most as a share of their spending from the prior year.Now, Jim, we really think that the housing backdrop has played a role here, so can you explain a bit more of what's going on there?James Egan: Yes, now my co-head of Securitized Product Strategy, Jay Bacow, and I have been on this podcast a few times talking about the role that the housing market is playing in the economy right now. We've really talked about the lock in effect. And when we're thinking about the role that housing plays in the consumer specifically, we're talking about lower income households, more discretionary spending, shelter increasing that's not happening at the higher end, and we think that's the lock in effect.A majority of homeowners were able to get low fixed rate mortgages for 30 years with 3 or 4 per cent mortgage rates. The effective mortgage rate would be on the outstanding market right now is, average is 4 per cent. Prevailing rates are north of 6 per cent right now. So that has helped that higher end consumer who is more likely to be a homeowner – 65 per cent of the US households are homeowners – maintain that lower level.But I don't want to gloss over that entirely. Other costs of homeownership are increasing. For instance, property taxes and insurance costs are up. Homeowners have realized swelling home equity amounts amid record home price growth in recent years; perhaps giving them more confidence to spend, but that equity hasn't exactly been easy to access.Now, second lean and HELOC balances have been increasing; but the amount of equity that's being withdrawn falls well shy of previous highs, which were set back in 2009. And that's despite the fact that the overall equity in the housing market is $20 trillion larger today than it was back then. While the equity itself should provide a buffer for homeowning consumers from ultimately defaulting, these dynamics could be resulting in some of the short-term delinquency increases that we think we're seeing in products like Prime Auto, for example.But Arunima, can you tie a bow on this for us? What does all of this mean for the consumer moving forward?Arunima Sinha: Moving forward Jim, we really just see a solid consumer. So, for the end of this year, our forecast is real consumption spending growing at 2.6 per cent; at the end of next year at over 2 per cent. And that really is tied to our view on the labor market – that it's going to continue to decelerate, but not in any sudden ways.So that's it. We are seeing a strong consumer, and we are going to be watching for pockets of weakness.James Egan: All right. Arunima, Heather, thanks for taking the time to talk.Arunima Sinha: Thanks so much for having me on, Jim.Heather Berger: Great talking to you both.James Egan: And to our listeners, thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

If you're self-employed, a contractor, or a small business owner, you're probably familiar with the ups and downs of variable income. In some months, your earnings may exceed your expectations, while in others, they may fall short. This makes budgeting a little more complex—but not impossible! Let's walk through how to create a budget tailored to your fluctuating income.Start by Finding Your Average IncomeThe first step is to look at what you know. Review your income from the past six to 12 months and total it. Then, divide that total by the number of months to find your average monthly income. This figure will serve as the foundation for your budget, helping you set realistic expectations. You'll make more than this average in some months, and in others, you'll make less. That's okay—as long as you plan for it.Save Excess Income for Lean MonthsHere's the critical piece: In the months you earn more than your average, save the excess. This savings will buffer those lean months when you don't meet your income target. Even when you have extra at the end of the month, resist the urge to spend it. Treat your budgeted amount as your spending limit, and let the surplus bolster your savings.One effective way to manage this process is to funnel all your income into savings and set up an automatic transfer of your budgeted amount into checking each month. This way, you only spend from checking and staying within your budget.As you get started, you might find your budget doesn't quite match your actual spending. That's normal. Track your spending closely and revisit your income average every six months to make necessary adjustments. Over time, your budget will become more accurate as you get a better handle on your fluctuating income.Tips for Building Your BudgetWhether your income is variable or steady, here are a few tips to set up your budget successfully:Track Your Spending: Begin by recording every single expense for 30 days, no matter how small.Plan for Non-Recurring Expenses: Don't forget those irregular costs like annual fees or holiday gifts. Divide them by 12 and include them in your monthly budget to avoid surprises.Build a Category-Based Budget: Once you've tracked your spending and considered non-recurring expenses, group your spending into categories. Tools like the FaithFi app can help with this step.Bring Your Budget in Line with Your GoalsOnce you've drafted your budget, ensure it aligns with your financial goals and priorities. If your spending exceeds your income, it's time to trim back and make changes. Discretionary spending—like dining out, entertainment, and shopping—is often the first place to cut. The FaithFi app's digital envelope system can help manage these areas effectively.It's tempting to think that budgeting isn't necessary, especially if it feels complicated or tedious. But the truth is, living without a budget makes spending less than you earn nearly impossible—and that's key to financial success. Without a solid budget, debt can creep in, and saving for the future becomes challenging.A budget, or spending plan, gives every dollar a purpose. It allows you to maximize your giving and saving while ensuring your spending reflects your values.Biblical Principles for Wise Money ManagementWhether you earn a little or a lot, it's important to remember that we're called to be wise stewards of the resources God has given us. Proverbs 27:23 reminds us to “know well the condition of your flocks, and give attention to your herds.” For us, this means knowing how much money is coming in, how much is going out, and where it's going.A spending plan helps us faithfully manage God's resources. With a little planning and discipline, even those with variable incomes can have a budget that honors God and sets them up for financial success.By following these steps, you'll discover that budgeting with a variable income is possible and can lead to a life of greater financial peace and generosity.On Today's Program, Rob Answers Listener Questions:My wife and I are looking to make a budget. Since we can't use Mint anymore, we're considering the envelope system to track our spending in real-time and avoid overspending. What are your thoughts on that compared to other budgeting methods?I have a Roth account, and I need to withdraw about $55,000 to pay for a piece of land I'm buying. The money I'd like to withdraw that's not already in stocks would be from a maturing CD. Can I temporarily withdraw $55,000 from the Roth account until the CD matures and then pay it back?My brother is 66 and plans to work until he's 70. He wants to be able to save some kind of fund after he's gone to help his adult autistic son, who lives in a group home. What would you recommend as the best way for him to set that up?I've read Ron Blue's book ‘Splitting Heirs.' Could you recommend any other resources I could study to prepare to talk with my adult children about God's will and the estate plan I've set up?Someone mentioned that a spouse could receive half of their husband's Social Security on your program. How does that work? Does it relate to our ages?I accumulated about $7-8,000 in credit card debt. I'll be leaving my current job soon, where I have a 401(k), about the same amount as my credit card debt. Would it be wise to use that 401(k) money to pay off the credit card debt, or do you have any other suggestions?Resources Mentioned:Christian Credit CounselorsCreate A Thriving Family Legacy: How To Share Your Wisdom And Wealth With Your Children And Grandchildren by Jeff RogersSplitting Heirs: Giving Your Money and Things to Your Children Without Ruining Their Lives by Ron BlueLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

In this engaging episode of "New Focus on Wealth," certified financial planner Chad Burton delves into the intricacies of the current financial landscape, offering listeners a comprehensive market update that highlights the impressive performance of tech-heavy indices like the NASDAQ and the S&P 500. He meticulously analyzes the recent fluctuations in interest rates, emphasizing their impact on bond values and the importance of strategic cash management in a volatile environment. Furthermore, Chad explores the evolving real estate market, shedding light on the resurgence of real estate investment trusts (REITs) and the potential for lucrative opportunities in commercial properties. He also addresses critical tax and estate planning updates, including the implications of upcoming changes in standard deductions and estate tax exemptions, urging listeners to reassess their financial strategies in light of these developments. With a wealth of insights and actionable advice, this episode serves as an invaluable resource for anyone looking to navigate the complexities of personal finance and investment in today's dynamic economy. Tune in now to learn more! Timestamps: [00:01:13] NASDAQ performance for the year. [00:06:38] Real estate and interest rates. [00:08:56] REITs as tax-efficient income. [00:12:15] Passive real estate investing options. [00:14:03] Tax implications of unrealized gains. [00:19:17] Tax cuts for middle-income Americans. [00:24:20] Global crisis and political divisiveness. [00:25:57] Charitable gifting and tax deductions. [00:28:15] Charitable giving tax strategies. [00:32:42] Digital assets in estate planning. [00:36:03] Discretionary trust distribution strategies. Email your money question to chad@chadburton.com Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.ChadBurton.com

This is a narration of our weekly Rent and Operating Trends Report.Retail Sales Stronger than Expected, AgainConsumer spending outpaced expectations in September, and August's better-than-expected results were unrevised. Retail sales were up 0.4% from the prior month and 1.7% from a year ago. Discretionary spending at restaurants, drinking establishments, and clothing stores helped boost the number. It is yet to be seen if strong sales will continue through the holiday season. While spending is up, consumer sentiment remains sluggish even though the Bureau of Labor Statistics recently reported strong wage growth and more moderate inflation.  Strong GDP Estimates for Q3 2024The Atlanta Fed's latest estimate for Q3 GDP growth is 3.4%. The organization's model, GDPNow, had it as low as 2% in August, but recent economic reports gave it a boost during the last two months. The Bureau of Economic Analysis will release its advance estimate of GDP on October 30.There is growing sentiment that continued strength in the economy could lead to a more moderate interest rate cut of 25 basis points by the end of the year.  Permitting for Multifamily Housing Yet to See an UptickFor the 12 months ending September 2024, total housing permits were down 2.9% from the prior month and down 5.7% from a year ago on a seasonally adjusted basis. Permitting for multifamily units continued to be the main driver of the decline. The industry had 398,000 units permitted in the last year, down 17.4% on an annual basis. The latest multifamily permitting level is down significantly from the construction boom period a couple of years ago when it eclipsed more than 700,000 units permitted within a 12-month period, but it is also down from the period immediately before the pandemic. From 2015-2019, the industry's annual permitting level averaged 442,000 units. Normal, or even muted, levels of supply are on the way the next couple of years which should help operational metrics rebalance after a period of significant challenges. Multifamily HighlightsTraffic and occupancy continued to tick down in the latest week's results. The trend can mostly be attributed to seasonality, but the rates themselves are weaker than in other comparable periods.Headed into 2024, Radix forecasts indicated occupancy would average at lower rate than the prior year due to elevated supply and slowing job growth. That prediction has come to fruition, but results are expected to rebound in 2025 as supply slows significantly in many markets. Effective rents were stable from the previous week. If occupancy improves in 2025, concessions should moderate. As of the latest week, roughly half of markets had lower effective rents compared to the prior year.Explore our webpage for more insights and resources:https://bit.ly/Radix_Website 

Investors came away from Morgan Stanley's recent Industrials Conference with a more optimistic outlook than they expected, based on perspectives including freight transportation's momentum and AI's impact on the growth of data centers.----- Transcript -----Michelle Weaver: Welcome to Thoughts on the Market. I'm Michelle Weaver, Morgan Stanley Research's U.S. Thematic Strategist.Ravi Shanker: I'm Ravi Shanker, Morgan Stanley's Freight Transportation and Airlines Analyst.Chris Snyder: And I'm Chris Snyder, the U.S. Industrial Analyst.Michelle Weaver: Today, we'll talk about key themes for Morgan Stanley's recently concluded industrials conference in Laguna Beach.It's Thursday, September 19th at 10am in New York.Last week, we were all out in Laguna Beach at the industrials conference. There were about 500 different industrials investors, along with 156 corporates, which gave us a pretty comprehensive read on what's going on in the industrial sector.Investor sentiment around industrials was pretty poor heading into the conference, and the overall tone of management, though, seemed better than feared in presentations.Chris, your coverage includes companies with exposure to a wide range of end markets. What did you learn about the cycle from your discussions with company management?Chris Snyder: Yeah, I think you categorized it well: consistent, largely unchanged, but better than feared. Morgan Stanley did a poll ahead of the conference. And only 5 percent of investors thought that the conference would be bullish for industrial risk sentiment. Coming out of the conference, 60 percent of industrial investors are bullish on risk sentiment into the end of the year. So, I think it kind of shows that sentiment was in a very bad place and ‘better than feared' is the right way to categorize it.We've generally been surprised at the lack of optimism around the industrial cycle in the market. The industrial economy has been in contraction for almost two years now, and it seems like we're on the verge of a rate cut cycle, which has historically been a tailwind for the cycle.You know, in our coverage, business is driven by a combination of investments and then production of goods; and the companies we're seeing real bifurcation on that. On the investment side -- and that's things like data center, new manufacturing facilities with all the US reshoring momentum -- that business remains strong. And on the production side of the house, that business remains soft. And that's generally in line with our call. We prefer CapEx exposure, particularly those that are tied into energy efficiency.Michelle Weaver: Great. That's really positive to hear that the investment side is still doing well. Ravi, your freight coverage is very macro as well -- in that the freight companies move all the stuff that other companies are making. How does demand from shippers look? And what are freight companies saying about the cycle?Ravi Shanker: Yeah, from a freight transportation perspective, I guess, no news was good news out in Laguna; largely because we have already started to see an improvement in the freight cycle, at the end of 1Q going into 2Q. And I think the market was just waiting to see if that would sustain through 3Q. The data has been supportive so far, and the good news was most of the trucking companies did validate the fact that we have seen a continuation of seasonality from 2Q into 3Q.And looking forward, they're also anticipating a fairly decent peak season, probably the most robust peak season we have had in two or three years. And I use the word robust on a relative basis because it's not going to be the greatest peak season ever. But certainly, better than we've had the last couple of years. But that momentum should continue into 2025.So, nobody really was high fiving out there. But certainly, noted the fact that we are seeing a continued improvement in the cycle; and that momentum should continue into next year.Michelle Weaver: One of Morgan Stanley Research's three key themes for the year is technology, diffusion and AI; and this theme came up repeatedly throughout the conference.Chris, some of your companies have significant exposure to data centers, which have seen a huge boost in demand from AI. What does the growth opportunity look like for Multi's names with exposure to data centers?Chris Snyder: Yeah, data center is a growth opportunity for my industrials' coverage. And they primarily are driven by the investment side. How much data centers are we building? And they sell a lot of the equipment that goes into the data centers. And what we're seeing now is that there's a huge focus on energy efficiency within the data center. You know, obviously it helps improve their cost profile, but also as there's growing concerns around load growth and electricity allotment.And what that's doing is it's driving demand towards the high end of the spectrum, which is where our big public companies compete. You know, they're the ones that are always spending R&D and innovating and driving energy efficiency for the customer. So, we think there's a mix up opportunity behind it.In terms of growth rates, you know, most of the companies are talking to about 15 percent kind of plus as the growth rate going forward or where they are exposed. And the conference brought, you know, really positive updates. There was no talk of slowdown. And generally, it sounds like momentum remains firm and growth will continue.Michelle, what were some of the other ways companies discussed AI or how they're leveraging the technology?Michelle Weaver: Yeah. So, when I think about how companies have been adopting AI so far, not just within industrials, but within the broader market, it's largely been about things that are plug and play solutions; something like taking a chat bot, putting that on your website, and then you don't need as many customer service representatives.So, when I'm at these kind of events, I always like to listen for more unique or differentiated ways of adopting AI. And I heard about a really interesting case from a company that holds about half of the global market for luxury seating. Processing leather is a super important part of manufacturing seats and has typically been really labor intensive and skilled labor at that. But this company is using AI to scan cow hides to determine what the optimal use for them is, and then inventory them.Before that, a worker had to individually mark the leather for imperfections and then determine how to cut around that. So, I thought that was a pretty interesting use of AI.But now I want to turn over to the consumer exposed pockets of industrials. Discretionary spending has been slowing as multiple years of high prices have been weighing on consumers. But overall, I thought the commentary around the consumer at the conference seemed pretty mixed, and we saw a big divide between the high-end and low-end consumers.Ravi, what did you hear from the airlines around travel demand?Ravi Shanker: Unlike the transportation side where what we heard was fairly consistent with expectations, I think things were much better than expected on the airline side largely because the airlines came out and validated the fact that demand continues to remain very robust -- pretty much across the board. But as you mentioned, definitely at the high end, the premium traveler continues to travel.International is rebounding post Olympics. Corporate is normalizing as well, and some of the low-cost carriers did mention that they were seeing some weakness on the low-end consumer side. Although it was unclear to them if that was actual demand weakness or a function of too much capacity in the marketplace.But they did come out and validate that demand continues to remain very robust; and with capacity continuing to come out of the marketplace and be more balanced with demand, you have seen pricing inflect positive for all the airlines for the first time in several quarters. So definitely, a pretty supportive backdrop for airline demand. And that is going to show up in airline numbers in the third and fourth quarters as well, we think.Michelle Weaver: As someone who's been in the airports a lot recently, I can definitely feel that demand has held up well. Chris, some of your companies also sell consumer products. What does consumer demand look like in your space?Chris Snyder: I would say stable, but at soft levels. And I think a lot of the tailwinds that Ravi is seeing on the service side of the house in airlines is actually coming at the expense of my companies who sell consumer goods. You know, if you look at the consumer wallet share, service mix has not gotten back to the levels that we saw in 2019 and we think that will remain a headwind for goods purchasing going forward.Michelle Weaver: Ravi, Chris, thank you for taking the time to talk.Ravi Shanker: Thanks so much for having me.Chris Snyder: Thank you.Michelle Weaver: And to our listeners, thanks for tuning in. If you enjoy the show, please leave us a review wherever you listen to podcasts and share Thoughts on the Market with a friend or colleague today.

Can you name two things that don't seem to go together—but actually do? How about freedom…and budgeting?We hear from folks all the time who feel that living on a budget cramps their style, hems them in, and makes them feel trapped. Brandon Sieben is with us today to make the case that just the opposite is true.Brandon Sieben is the Chairman of the Board at Compass Financial Ministry. How Simplified Finances Lead to Peace of MindAlthough budgeting might seem restricting, it can lead to financial freedom and peace of mind. Here are the fundamental principles to consider if you're struggling with putting together a budget: 1. Keep It SimpleThe first principle of freedom budgeting is simplicity. Often, people avoid budgeting because they think it's too complicated or time-consuming. The goal is to make the process easy, so you'll stick with it, whether utilizing a simple Excel spreadsheet on the fridge to track your expenses or using a tool like the FaithFi app for simplicity and visibility.2. Be HonestThe second principle is honesty and transparency. As Jesus said in John 8:32, "The truth will set you free," and this holds true for budgeting. Many people avoid budgeting because they fear what they'll find—that their spending exceeds their income. Being honest about where your money is going is crucial to financial freedom.3. Allocate Non-Negotiables FirstNext, it's crucial to prioritize the "non-negotiables"—the essentials that must be paid first, such as tithing, rent, utilities, and food. After these basics are covered, you can think about discretionary spending.4. Save Every MonthEven while playing financial defense, it's essential to start saving something every month. The habit of saving, no matter how small, is crucial. If you spend every dollar you earn, you have no options. But if you save a portion, even 20%, you'll begin to build financial flexibility and choices over time.5. Budget for FunOnce you've applied the first four principles—simplifying, being honest, prioritizing needs, and saving—you can move on to the final principle: budgeting for fun. Financial freedom doesn't mean depriving yourself indefinitely. As your savings grow, you can intentionally allocate money for enjoyment.Through these principles, you can move from financial overwhelm to freedom. You can eliminate the anxiety that robs you of joy and embrace a lifestyle aligned with God's plan for you. As Luke 16:13 reminds us, "You cannot serve both God and money." By choosing God's principles over financial chaos, you can find freedom.By keeping it simple, being honest, prioritizing needs, saving consistently, and allowing room for fun, you can reduce anxiety and experience the freedom that comes from managing money well.On Today's Program, Rob Answers Listener Questions:Can you provide me with more information about the Christian Credit Union you partner with? What book do you recommend for passing down inheritances to your heirs? Your show has been a great gift to my wife and me during a tough time. We faced a costly 3-year lawsuit, but your program helped us through it. While our savings took a hit, we have a thriving family business and remain active in our community and church. I used to feel ashamed of our struggles, but I've learned this challenge was part of our journey. Your show reminds us that our future is in God's hands. Thank you for being such a blessing and encouragement.Our oldest son and his wife had purchased a piece of property to build their house. I found a better piece of property and wanted to help them by lending them the money to buy the new property. The interest rate they would have to pay at the credit union was twice what I got in a high-interest savings account. So, I loaned them the money and told them I only wanted the interest rate. I'm a little conflicted on whether I should continue charging that interest, which they are paying monthly, or if I should just forgive that interest.Resources Mentioned:Compass Financial MinistrySplitting Heirs: Giving Your Money and Things to Your Children Without Ruining Their Lives by Ron Blue with Jeremy WhiteChristian Community Credit UnionLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

Shoot us a Text.Is it already the end of another week? We're looking back this morning as we look at buy/sell activity from the first half of the year, reflect on the legacy of Ford Pro CEO Ted Cannis, and dig into how discretionary spending is on the rise.The first half of 2024 has shattered records in the dealership buy/sell market. With 204 dealership transactions completed and 381 franchises sold, this is nearly double pre-pandemic levels. So, what's fueling this surge?Blue sky values are up 74% from pre-pandemic, driving sellers to cash out.Despite a 35% drop in average earnings, consolidation continues strong as multi-dealership sales (55 transactions) account for 27% of the market.Public dealer groups have $7.4B in capital, driving the frenzy.Shout out to all of our friends at Lithia & Driveway, Morgan Auto Group, Ciocca Automotive, Ourisman Automotive Group, Nucar Family of Dealerships, Hudson Automotive Group, Premier Truck Group, just to name a few of the many auto groups who have gained new partners this year.A Kerrigan Advisors report reveals, "This unprecedented market activity highlights the industry's ongoing transformation."Ted Cannis, CEO of Ford Pro and key architect of Ford's commercial vehicle division's success, is set to retire at the end of September. His leadership helped Ford Pro become a $70 billion business within just a few years.Cannis led development of the Mustang Mach-E and had key roles in Ford's overseas operations.Ford Blue President Andrew Frick will serve as interim Ford Pro CEO while a replacement is sought.Ford Pro's earnings forecast was raised by $1 billion, expected to reach $9-$10 billion for 2024.CEO Jim Farley praised Cannis' role in driving Ford Pro's success and technological growth.Cannis emphasized Ford Pro's unmatched scale, service, and dealer network, saying "Leading Ford Pro has been the most thrilling chapter of my career, and I'm excited to see its continued growth."Despite continued economic uncertainty and consumer caution, discretionary spending is beginning to show signs of recovery in certain sectors. While overall non-discretionary spending remains strong, discretionary categories like apparel, home goods, and electronics are seeing early signs of a rebound.A Deloitte survey found that discretionary spending was down 18.6% from 2021, while non-discretionary spending rose by 3.3%.Discounters like Dollar General and Ross Stores report that their customers remain focused on necessities, with discretionary spending still soft.However, some categories, including apparel and home improvement, are seeing renewed consumer interest ahead of the holiday season.Target reported a 9% jump in beauty sales during Q2, and Best Buy saw a 6% year-over-year increase in computer and tablet sales.KPMG's Duleep Rodrigo highlighted positive spending trends in areas like trHosts: Paul J Daly and Kyle MountsierGet the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/ Read our most recent email at: https://www.asotu.com/media/push-back-email

Two-time Emmy and three-time NAACP Image Award-winning television Executive Producer Rushion McDonald interviewed Myrna Cayton. America's Songbird Myrna Clayton (Alabama born, Atlanta raised) is a singer best known for performing jazz music. Commissioned by the U.S. State Department to represent American music abroad at U.S. embassies around the world, Myrna has performed in 5 of the seven continents, including countries such as France, Germany, Russia, Namibia, Switzerland, and most recently, Ghana's 2024 Jazz in January Festival. Tagged “The Maynard Ferguson of Jazz vocals” by a Jazz orchestra conductor in Kazan, Russia, audiences are mesmerized by her soul-filled, profound musical message.  Dear to Myrna's heart is advocacy for accessibility for performing artists on the disability spectrum to highlight their talents and help improve their career trajectory and life possibilities. Whether performing in the United States or abroad, America's Songbird Myrna Clayton's classy performances are simply unforgettable.  For more information, visit www.MyrnaClayton.com.  Company Description *CedarTree Worldwide LLC - a Social Enterprise Business that facilitates diplomatic music cultural exchange inside and outside of America through the motto:"valuing differences, celebrating similarities and honoring oneness". #AMI #SHMS #STRAW SHOWAbility, Inc. - a 501c3 nonprofit that creates opportunities that empower performing artists/actors across the disability spectrum to showcase and develop their talents through performances, artists development, accessibility, employment and enjoyment. Our Northstar is to be for the arts/entertainment industry what the Paralympics and Special Olympics are for the sports industry - showcase talent and excellence.See omnystudio.com/listener for privacy information.

Two-time Emmy and three-time NAACP Image Award-winning television Executive Producer Rushion McDonald interviewed Myrna Cayton. America's Songbird Myrna Clayton (Alabama born, Atlanta raised) is a singer best known for performing jazz music. Commissioned by the U.S. State Department to represent American music abroad at U.S. embassies around the world, Myrna has performed in 5 of the seven continents, including countries such as France, Germany, Russia, Namibia, Switzerland, and most recently, Ghana's 2024 Jazz in January Festival. Tagged “The Maynard Ferguson of Jazz vocals” by a Jazz orchestra conductor in Kazan, Russia, audiences are mesmerized by her soul-filled, profound musical message.  Dear to Myrna's heart is advocacy for accessibility for performing artists on the disability spectrum to highlight their talents and help improve their career trajectory and life possibilities. Whether performing in the United States or abroad, America's Songbird Myrna Clayton's classy performances are simply unforgettable.  For more information, visit www.MyrnaClayton.com.  Company Description *CedarTree Worldwide LLC - a Social Enterprise Business that facilitates diplomatic music cultural exchange inside and outside of America through the motto:"valuing differences, celebrating similarities and honoring oneness". #BEST #AMI #SHMS #STRAW SHOWAbility, Inc. - a 501c3 nonprofit that creates opportunities that empower performing artists/actors across the disability spectrum to showcase and develop their talents through performances, artists development, accessibility, employment and enjoyment. Our Northstar is to be for the arts/entertainment industry what the Paralympics and Special Olympics are for the sports industry - showcase talent and excellence.See omnystudio.com/listener for privacy information.

Two-time Emmy and three-time NAACP Image Award-winning television Executive Producer Rushion McDonald interviewed Myrna Cayton. America's Songbird Myrna Clayton (Alabama born, Atlanta raised) is a singer best known for performing jazz music. Commissioned by the U.S. State Department to represent American music abroad at U.S. embassies around the world, Myrna has performed in 5 of the seven continents, including countries such as France, Germany, Russia, Namibia, Switzerland, and most recently, Ghana's 2024 Jazz in January Festival. Tagged “The Maynard Ferguson of Jazz vocals” by a Jazz orchestra conductor in Kazan, Russia, audiences are mesmerized by her soul-filled, profound musical message.  Dear to Myrna's heart is advocacy for accessibility for performing artists on the disability spectrum to highlight their talents and help improve their career trajectory and life possibilities. Whether performing in the United States or abroad, America's Songbird Myrna Clayton's classy performances are simply unforgettable.  For more information, visit www.MyrnaClayton.com.  Company Description *CedarTree Worldwide LLC - a Social Enterprise Business that facilitates diplomatic music cultural exchange inside and outside of America through the motto:"valuing differences, celebrating similarities and honoring oneness". #SHMS #STRAW SHOWAbility, Inc. - a 501c3 nonprofit that creates opportunities that empower performing artists/actors across the disability spectrum to showcase and develop their talents through performances, artists development, accessibility, employment and enjoyment. Our Northstar is to be for the arts/entertainment industry what the Paralympics and Special Olympics are for the sports industry - showcase talent and excellence.Support the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

Two-time Emmy and three-time NAACP Image Award-winning television Executive Producer Rushion McDonald interviewed Myrna Cayton. America's Songbird Myrna Clayton (Alabama born, Atlanta raised) is a singer best known for performing jazz music. Commissioned by the U.S. State Department to represent American music abroad at U.S. embassies around the world, Myrna has performed in 5 of the seven continents, including countries such as France, Germany, Russia, Namibia, Switzerland, and most recently, Ghana's 2024 Jazz in January Festival. Tagged “The Maynard Ferguson of Jazz vocals” by a Jazz orchestra conductor in Kazan, Russia, audiences are mesmerized by her soul-filled, profound musical message.  Dear to Myrna's heart is advocacy for accessibility for performing artists on the disability spectrum to highlight their talents and help improve their career trajectory and life possibilities. Whether performing in the United States or abroad, America's Songbird Myrna Clayton's classy performances are simply unforgettable.  For more information, visit www.MyrnaClayton.com.  Company Description *CedarTree Worldwide LLC - a Social Enterprise Business that facilitates diplomatic music cultural exchange inside and outside of America through the motto:"valuing differences, celebrating similarities and honoring oneness". #SHMS #STRAW SHOWAbility, Inc. - a 501c3 nonprofit that creates opportunities that empower performing artists/actors across the disability spectrum to showcase and develop their talents through performances, artists development, accessibility, employment and enjoyment. Our Northstar is to be for the arts/entertainment industry what the Paralympics and Special Olympics are for the sports industry - showcase talent and excellence.See omnystudio.com/listener for privacy information.

Today's episode features an in-depth discussion with discretionary global macro trader Asim Ghaffar, founder and CIO of AG Capital. Ghaffar shares his insights on the recent market volatility, including his views on the potential triggers behind the sell-off and the chances we have for a recession. Was it just a blip on the radar, algos deleveraging? He explains his discretionary macro trading approach, highlighting the importance of risk management, position sizing, and the psychological challenges of the business. Ghaffar also discusses the differences between his strategy and systematic trend following, as well as the unique opportunities smaller managers can pursue compared to large global macro funds. In this chat we also explore Ghaffar's personal journey into the industry, the challenges of starting a hedge fund, and his long-term outlook on markets, including his perspective on the role of gold in a portfolio. Chapters: 00:00-02:01=Intro 02:02-11:14= What triggered the Sell-off? The Yen Carry trade? Or just algos gone wild… 11:15-22:35= The secret sauce to a long-term approach, algo moves and the mental games of trading 22:36-31:55= Discretionary vs Global Macro & the unsolvable puzzle or crack under the pressure 31:56-43:00= Psychology & Philosophy? The real head games of trading & sparks to start a hedge fund 43:01-49:50= The potential of a recession, who wants it? Fed rate cuts, the wealth effect, & investment vs trend 49:51-01:06:19= What's beyond the horizon, staying out of the noise and focus on the fed 01:06:20-01:14:22= Commodity prices for discretionary trading & what's with gold? Getting perspective… From the episode: Derivative episode: Wisdom from the wizard maker  with Jack Schwager   Follow along with Asim on LinkedIn and AG Capital's LinkedIn. For more information on AG Capital visit agcapital.fund Don't forget to subscribe to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Derivative⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, follow us on Twitter at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@rcmAlts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and our host Jeff at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@AttainCap2⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, or ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ , and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠sign-up for our blog digest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.rcmalternatives.com/disclaimer⁠

MacroVoices Erik Townsend & Patrick Ceresna welcome back, Rory Johnston. They discuss all things crude oil, ranging from President Trump's claim that OPEC is working hard to get Kamala Harris elected to the ultimate growth limits of U.S. Shale. https://bit.ly/4ceTfSV   ⚫ Follow Rory Johnston on X: https://www.x.com/Rory_Johnston ⚫ Find Out More: https://www.commoditycontext.com/

In this episode I speak with Bill Gebhardt, founder of 10Dynamics.Bill spent the better part of his career as a discretionary energies trader, with roles at Koch Industries, Merrill Lynch, Deutsche Bank, and Trailstone. In May 2020 he struck out on his own to co-found 10Dynamics.Given Bill's fundamental and discretionary background, it may come as a surprise that 10Dynamics runs a fully systematic process. This dichotomy serves as the foundation for much of our conversation, where Bill provides insight into where and how his discretionary background informs the systematic process, both from a signal and a risk management perspective.We discuss the types of signals 10Dynamics incorporates into their process, how their risk management system is designed to reflect Bill's experience managing discretionary traders, and how they've designed their operational risk management to allow them to trade intraday with a small team.Please enjoy my conversation with Bill Gebhardt.

Guardian article on HondurasLoper Bright Enterprises v. Raimondo, No. 22-451 (U.S. June 28, 2024)deference to agencies; APA; Chevron; star decisis  Santiago Lopez v. Garland, No. 23-2081 (7th Cir. June 24, 2024)non-LPR cancellation of removal; Wilkinson; discretionary determination; procedural vs. substantive challenge; timelines of deficient NTA challenge  Manzano v. Garland, No. 22-704 (9th Cir. June 25, 2024)nexus; Jehovah's Witnesses; religion; one central reason; extortion-plus; 18th Street Gang; El Salvador Leon Perez v. Garland, No. 23-204 (9th Cir. June 28, 2024)attempted lewdness with a child under the age of 14 in violation of Nev. Rev. Stat. §§ 193.330, 201.230(2); sexual abuse of a minor and attempt aggravated felony; Medina-Villa; Esquivel-Quintana; 18 Pa. Cons. Stat. Ann. § 2702(a) (third circuit) Cordero-Garcia v. Garland, No. 19-72779 (9th Cir. June 27, 2024)aggravated felony relating to obstruction of justice; INA § 101(a)(43)(S); Cal. Penal Code § 136.1(b)(1); Pugin; mens rea and related statutes; specific intent; relating toSponsors and friends of the podcast!Kurzban Kurzban Tetzeli and Pratt P.A.Immigration, serious injury, and business lawyers serving clients in Florida, California, and all over the world for over 40 years.Docketwise"Modern immigration software & case management"Stafi"Remote staffing solutions for businesses of all sizes"Promo Code: stafi2024Get Started! Promo Code: FREEWant to become a patron?Click here to check out our Patreon Page!CONTACT INFORMATIONEmail: kgregg@kktplaw.comFacebook: @immigrationreviewInstagram: @immigrationreviewTwitter: @immreviewAbout your hostCase notesRecent criminal-immigration article (p.18)Featured in San Diego VoyagerDISCLAIMER & CREDITSSee Eps. 1-200Support the Show.

“How can I be someone of such character that I earn the respect of other people of high character?” Today, Leila (@LeilaHormozi) underscores the importance of effective leadership, trust, and harnessing discretionary effort in fostering a high-performing team. She shares the key principles of investing in team members, inspiring dedication, and cultivating an efficient team culture through her actionable advice and personal anecdotes.Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we're creating an unshakeable business.Timestamps:(1:20) - Operationalizing leadership(2:57) - Discretionary effort: leading by example(8:13) - The power of belief in your team(14:40) - Investing in people: a long-term strategy(21:42) - Having personal accountability(26:24) - The essence of leadershipFollow Leila Hormozi's Socials:LinkedIn | Instagram | YouTube | Twitter | Acquisition

`Watch The X22 Report On Video No videos found Click On Picture To See Larger PictureHouse prices are beginning to fall, the system is breaking down and it looks very similar to 2009 recession. Oil prices are beginning to move up and so is inflation. The Fed might do a big rate cut to prop up the market, this will not work. Alt currency will surge. The [DS] is struggling right now, Biden is in trouble, his crimes are exposed and he is underwater with the voters, the voters believe he will not make it through their second term. Change of batter coming. [DS] might have projected one their attacks on the US. Trump knows the [DS] will play someone big to endorse either Biden or Change of Batter, Trump is ready to counter this.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy https://twitter.com/WallStreetSilv/status/1775146165832683799?s=20 https://twitter.com/KobeissiLetter/status/1775167025628737938?s=20   February. Demand forecasts are being raised and supply disruption risks continue to rise. Higher oil prices are simply just the new normal in the post-pandemic world. The fight against inflation is far from over. https://twitter.com/KobeissiLetter/status/1774906065894699146?s=20   the wealth of the top 1% has risen by almost $15 trillion. That's a ~50% increase in just three years all as affordability has hit record lows. The wealth gap is widening. https://twitter.com/WallStreetSilv/status/1775008832470593898?s=20  these programs. Interest on the debt is also out of their control. It has to be paid. Discretionary spending is Defense and everything else. It is going to get squeezed out. https://twitter.com/elonmusk/status/1775050292607779006?s=20 Fed cuts will be deeper than market expects when they begin The Federal Reserve may still be on course for three interest rate cuts in 2024,  John Hancock Investment Management Co-Chief Investment Strategist Emily Roland believes markets may be caught off guard when the Fed finally implements its monetary policy while fending off inflationary pressures. "One thing that's a little bit different than what you may be hearing is that once the Fed does start to cut, we think those cuts are going to be a lot more severe than investors anticipate. In fact, if you look back at the last five Fed rate-cutting cycles, the Fed cuts on average 17 times," Roland tells Yahoo Finance. "Usually there's something wrong when the Fed is cutting, so that's something we would be thinking about as investors today."  Source: yahoo.com https://twitter.com/WallStreetSilv/status/1775131072260694320?s=20 Political/Rights  https://twitter.com/WallStreetSilv/status/1775100866317734027?s=20 https://twitter.com/wallstreetapes/status/1774991726593327523?s=46 there a $125 a day to house a migrant. - $125 a day per migrant, per bedroom - And at $3,750 per migrant, that means that property would now be bringing in $15,000 a month “Y'all wanna come with me down another rabbit hole of how the US government is using private industry to f*** over the American people? This is gonna be a quick video, but I wanted to put it out because I wanna hear what people think. The basic gist is that the United States government is using BlackRock to permanently house all the illegal immigrants they've been letting in. So you know how companies like BlackRock have been buying up large amounts of the single family real estate, and a shitload of the properties that they bought are in the state of New York. And New York just declared that they're gonna pay homeowners there a $125 a day to house a migrant. $125 a day per migrant, per bedroom.