DAILY UPDATE: Down Real Estate and Down Markets

Posted on December 7, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Real estate prices continued to cool in September—the first time prices declined for three straight months in nearly four years, which is a big deal. The change was especially noticeable out west.

For example, San Francisco and Seattle experienced the largest percentage decrease (2.9%) from August to September, according to the S&P CoreLogic Case-Shiller Indices. The report, which tracks home price fluctuations, showed “short-term declines and medium-term deceleration” in US housing prices, said Craig Lazarra, S&P Dow Jones Indices managing director.And, Las Vegas, Phoenix, San Diego, and Dallas also saw declines of more than 2%, in contrast to cities like Chicago and New York, where prices fell the least (less than 1%). But even as prices cool, housing overall has grown less affordable since the start of the pandemic—the year-over-year change was 10.6% nationally in September. Pair that with mortgage rate climbs, and you’ve got a market that’s seen a decline in activity for nine straight months. The good news is economists don’t expect things to spiral as far down as they did in ’08.

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U.S. equities tumbled for a second day, as uncertainty regarding how aggressive the Fed will remain was met with increased recession fears.

Yesterday, the economic calendar was light, with the only notable report showing that the trade deficit widened less than expected. The equity front was also fairly quiet, as AutoZone beat earnings and revenue estimates, and shares of Meta Platforms fell after the Wall Street Journal reported that European Union regulators said the company should not require users to agree to personalized ads based on their online activity.

Treasury yields finished lower, and the U.S. dollar gained ground, while gold increased slightly.

Crude oil prices added to yesterday’s drop that came amid new restrictions on Russian oil, and after OPEC+ announced that it would leave its production target unchanged.

Stocks in Asia were mostly lower despite China continuing to ease COVID restrictions in some parts of the country, while European stocks fell amid a host of construction PMI data. The international markets also digested the Reserve Bank of Australia’s decision to hike its interest rate by 25 basis points, and its subsequent statement that was less dovish than expected.

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DAILY UPDATE: Recession Worries as Stocks are SLAMMED!

Posted on December 6, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Recession worries are firing up as the yield curve (a graph of US Treasury bond yields over time) takes on an increasingly negative slope, the likes of which we haven’t seen in 40 years. Near the last days of November, the yield on the 10-year T-bond dropped almost 0.8% below the two-year bond yield. Typically these metrics have the opposite relationship, and an aggressive inversion like this has been a pretty accurate indicator of an upcoming recession. Last time it was this bad in the ’80s, unemployment was worse than during the 2008 financial crisis.

And, a fw months after Microsoft announced plans to acquire the video game maker Activision Blizzard, the tech giant said it would remain neutral if Activision workers sought to unionize once the deal went through. Now, a major union is testing Microsoft’s appetite for organizing at a company it already owns.

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U.S. also stocks fell hard to start off the new week amid some economic data, even as China took further measures to ease COVID restrictions. The global markets digested a host of November services sector reports which suggested that activity around the globe is mostly slowing, but U.S. output surprisingly accelerated. The data seemed to foster uncertainty regarding how aggressive the Fed may be next week with its monetary policy decision.

In other economic news, factory orders grew at a faster pace than expected. Treasury yields gained ground, the U.S. dollar reversed to the upside, and gold prices saw noticeable pressure.

Crude oil prices dropped after OPEC+ left its production target unchanged, and new restrictions on Russian oil kicked in, including an imposed $60 per barrel price cap on Russian oil from the G-7.

Other equity news was relatively light, but Science Applications International topped earnings estimates, and raised its guidance, though V.F. Corp lowered its 2023 outlook.

Asian stocks finished mixed, but mainland China and Hong Kong markets rallied. European stocks diverged amid the eased COVID measures in China and with the oil markets in focus.

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DAILY UPDATE: Gasoline, Mixed Stocks and Economic Reports

Posted on December 2, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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The cost of gasoline is falling so fast that it is beginning to put real money back in the pockets of drivers, defying earlier projections and offering an unexpected gift for the holidays.Filling up is now as cheap as it was in February, just before Russia’s invasion of Ukraine touched off a global energy crisis. AAA reported the average nationwide price of a gallon of regular Wednesday was $3.50, and gas price tracking company GasBuddy projected it could drop below $3 by Christmas. And all of that relief probably helped drive robust shopping over Thanksgiving weekend.

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U.S. stocks ended mixed in a choppy trading session. The market struggled to continue yesterday’s surge, which came as Fed Chairman Jerome Powell provided some less hawkish commentary. The Fed Chief suggested that the Central Bank could slow the pace of its aggressive rate hiking campaign as early as this month.

The economic front provided some reports that shaped market action, as personal income and spending rose solidly and inflation cooled off but remained elevated, while jobless claims moderated more than expected. However, the ISM Manufacturing Index fell into contraction territory for the first time since May 2020, and construction spending declined more than expected. Earnings reports continued to pour in, as Kroger topped expectations, while Costco Wholesale’s November sales growth came in below predictions, and Dollar General missed earnings estimates while also providing some disappointing guidance.

Additionally, Dow member Salesforce’s billings performance missed, and the company announced that its co-CEO will step down.

Treasury yields and the U.S. dollar extended yesterday’s drops, while crude oil and gold prices rallied.

Asian stocks gained ground and European stocks ended mostly higher, as the global markets appeared to get some relief from the Fed Chair’s commentary but economic data was lackluster.

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Sat GREENISH: On Black-Friday?

Posted on November 27, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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On ground and On line shoppers didn’t let concerns about higher prices or a recession keep them from a record-setting this Black Friday.

Consumers spent a record $9.29 billion while online shopping yesterday, Black Friday, according to Adobe Analytics which tracks more than 85% of the top 100 U.S. online retailers. That’s an increase of 2.8% over a year ago – surpassing the previous online Black Friday sales high mark of $9.03 billion in 2023.

Nearly half (48%) of online sales were made over smartphones, up from 55% last year, according to the company’s 2023 Holiday Shopping Trends & Insights Report.

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The “Middle Class” Defined?

Posted on November 26, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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What’s shrinking in size, overworked and woefully underpaid?

Did you know that only half of U.S. adults live in a household with an annual income of $52,000 to $156,000, the range it takes to be considered middle income, according to the Pew Research Center. That share is significantly lower than it was in 1971, when 61% of the nation’s adults qualified as middle income.

In 2022 — an era of historic inflation and a manic economy in which jobs are plentiful but wages are stagnant — more Americans are living paycheck to paycheck. And it’s affecting more than just their income.

“People judge whether or not they’re achieving the American dream by comparing their income and their lifestyle, or what their income can buy, to what they see around them,” says Isabel Sawhill, a senior fellow at the Brookings Institution.

On paper, middle-class household income has increased considerably in the last 50 years. Measured in 2020 dollars, the median salary of the U.S. workforce is 50% higher now ($90,131) than it was in 1971 ($59,934), primarily thanks to women’s increased participation in the workforce, says Sawhill, who’s a co-author of the Brookings report “A New Contract with the Middle Class.”

Those gains, however, pale in comparison to the 69% growth enjoyed by the wealthiest households. Elisabeth Jacobs, a deputy director at the research nonprofit Urban Institute, said in a 2021 Brookings panel that if middle incomes had grown at the same pace as the top 20% of earners over the past 50 years, a solidly middle-class family would average around $139,000 annually (post-tax).

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DAILY UPDATE: Markets Up into Thanksgiving Day

Posted on November 24, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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U.S. equities accelerated to the upside to finish solidly higher amid a slew of data heading into the Thanksgiving holiday break. The move upward came following the release of the minutes from the Fed’s November monetary policy meeting which indicated some caution among Committee members. The economic calendar was robust, as durable goods orders came in much stronger than expected, along with new home sales and consumer sentiment, while mortgage applications rose for a second-straight week.

However, not all the reports were positive as weekly initial jobless claims rose and preliminary reads on manufacturing and services output both showed contraction after falling more than expected. Earnings reports continued to pour in, with Deere & Company rallying following its results, while HP and Autodesk lowered their guidance.

Treasury yields were lower, and the U.S. dollar fell, as did crude oil prices, while gold gained ground.

Asia finished mostly higher, though Japan was closed for a holiday, and Europe was mixed as the markets digested Eurozone and U.K. manufacturing and services data that also showed contraction in activity.

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Over Heard in the DOCTOR’S LOUNGE

Posted on November 20, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

On “Hard Working” HMO Physicians

SPONSOR: http://www.CertifiedMedicalPlanner.org

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By Dr. David E. Marcinko MBA CMP®

INVITE DR. MARCINKO: https://medicalexecutivepost.com/dr-david-marcinkos-

One of my favorite patients told me this anecdote as he recalled the story of the old man who spent a day watching his physician son treating HMO patients in the office.

The doctor had been working at his usual feverish pace all morning, and although he was working hard, bitterly complained to his dad that he was not making as much money as he used to.

Finally, the old man interrupted him and said,

“Son, why don’t you just treat the sick patients?”

The doctor-son looked annoyed at his father, and responded,

“Dad, can’t you see, I don’t have time to treat just the sick ones.”

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MIDDLE CLASS: Once-in-a-Generation Wealth Boom Ends?

Posted on November 18, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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DEFINITION: The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income, which was $65,000 in 2021, according to the U.S. Census Bureau. 21 Using Pew’s yardstick, middle income is made up of people who make between $43,350 and $130,000.

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The American middle class is facing the biggest hit to its wealth in a generation going into the midterm election, although it is also entering the vote richer than it has ever been thanks to a decade of cheap money and the wealth boom it fed.

That’s the conclusion of a Bloomberg News examination that paired new wealth data with an exclusive Harris Poll of attitudes of the 100 million adults who sit at the core of the US economy and its politics ahead of the election.

READ HERE: https://www.bloomberg.com/graphics/2022-us-midterms-middle-class-wealth/?leadSource=uverify%20wall

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DAILY UPDATE: Stocks Down by Rate Setting FOMC Hawks

Posted on November 18, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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U.S. equities ended the day lower in a cautious trading session as the markets reacted to a host of economic and corporate data. Investors also weighed comments from Fed officials who signaled that the rate-hiking campaign to slow the pace of inflation is not considered sufficiently restrictive.

On the economic front, housing starts and building permits fell, jobless claims moderated slightly more than expected, while manufacturing activity in Philadelphia tumbled.

Earnings reports again offered mixed results, as Cisco Systems beat on both the top and bottom lines, but NVIDIA fell well short of estimates amid the continued problems plaguing the chip industry, and Macy’s topped forecasts amid strength in its luxury units.

Treasury yields were higher, and the U.S. dollar rose, while crude oil prices fell, and gold lost ground.

European stocks were lower for the most part, as geopolitical tensions dampened investor sentiment, and as the U.K. announced its new budget plans. Markets in Asia finished mostly lower amid weakness in technology stocks.

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DAILY UPDATE: Stocks Down Amid Mixed Economic Data

Posted on November 17, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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U.S. equities finished lower in choppy action amid a full slate of economic reports, including the Import Price Index, which fell at a slower pace than expected to complete October’s inflation picture. In other economic news, retail sales rose at a faster rate than anticipated, the Federal Reserve’s report on industrial production and capacity utilization marked an unexpected decline for both, and business inventories rose less than predicted. Housing data was also in focus, as the NAHB Housing Market Index indicated home builder sentiment dropped more than expected and to a fresh post-pandemic low, while mortgage applications were up for the first time in eight weeks.

Earnings reports offered varied results, as Target missed earnings expectations and delivered disappointing guidance, while Lowe’s posted a positive earnings surprise and raised its full-year outlook. In other equity news, shares of Discover Financial are rising after the company announced that it would resume its share repurchase program.

Treasury yields were lower, the U.S. dollar declined slightly, and crude oil prices fell, while gold gained modest ground. European stocks were lower following a host of inflation data in the region, and as geopolitical tensions surrounding the war in Ukraine continued to put a damper on sentiment.

Asian stocks ended the day lower in a quiet trading session, as markets in mainland China and Hong Kong were unable to continue a recent rally.

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DAILY UPDATE: Stocks Lower on Inflation Data, BlockFi, and Our Healthcare Provider Reader Input Request

Posted on November 15, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

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U.S. equities declined in a choppy and cautious trading session as investors await a host of notable economic reports later this week. The economic docket, while empty today, will round out the inflation picture with release of the Producer Price Index (PPI), as well as the Import Price Index on Wednesday. The releases will follow last week’s cooler-than-expected Consumer Price Index (CPI), which appeared to soothe concerns about how aggressive the Fed will need to remain as FOMC Vice Chair Lael Brainard said it will “probably be appropriate soon” to slow down the pace of interest rate hikes. And Hasbro was the S&P 500’s biggest loser of the day as Bank of America downgraded the stock.

Treasury yields were mostly higher, and the U.S. dollar rose, paring some of last week’s tumble.

Crude oil prices were lower, while gold reversed to the upside following losses earlier in the day.

Equity news was light, with Tyson Foods missing on the bottom line, but reporting record sales for the year and upping its quarterly dividend.

Stocks in Asia were mixed, with Hong Kong leading the region in gains following a jump in property stocks, while European stocks ended the day mostly higher in cautious trading.

Cryptocurrency lender BlockFi just admitted it has significant exposure to Sam Bankman-Fried’s crypto exchange FTX, and associated entities, that last week filed for bankruptcy.

Finally, although it’s become more difficult to find qualified healthcare professionals, it’s proving just as difficult to retain staff, especially when working with fewer resources. At the recent HR Healthcare conference in Austin, much of the retention conversation focused on improving the quality of work life and flexibility. But we want to hear how you’re solving retention and staffing problems: Share your insights right here on the ME-P.

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The CPI and Stock Markets

Posted on November 10, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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The consumer price index (CPI), the inflation report we dislike every month, dropped today and showed that price growth cooled off a bit in October (but is still far higher than where the FOMC wants it).

The Consumer Price Index (CPI) for October reflected a 7.7% increase over last year and 0.4% increase over the prior month, better than Wall Street expected. Economists surveyed by Bloomberg called for a 7.9% annual rise and 0.5% monthly gain.

The S&P 500 (^GSPC) rallied 5.5% — its biggest intraday gain since April 2020 — while the Dow Jones Industrial Average (^DJI) jumped 1,200 points, or 3.7%, the most since May 2020. The technology-heavy Nasdaq Composite (^IXIC) advanced a whopping 7.4%, its sharpest climb since emerging from the pandemic crash in March 2020. Meanwhile, Treasury yields tumbled following the report, with the benchmark 10-year note falling well below the 4% level.

Meanwhile, earnings season rolls on with reports from Disney, AMC, Palantir, Beyond Meat, and more.

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DAILY UPDATE: Stocks Fall as Balance of Power in US Congress Uncertain

Posted on November 10, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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U.S. equities tumbled in the wake of yesterday’s U.S. midterm elections that failed to provide clarity on the political front.

U.S. stocks plummeted Wednesday after three days of gains, as investors mulled over a mixed verdict from the midterm election results and highly anticipated inflation data looms on the docket.

The S&P 500 (^GSPC) shed over 2%, while the Dow Jones Industrial Average (^DJI) fell by nearly 650 points, or roughly 2%. The technology-heavy Nasdaq Composite (^IXIC) dragged down by almost 2.5%, or 260 points.

Meanwhile, volatility in the cryptocurrency markets continued as Binance Holdings ditched its plans of acquiring FTX.com, which has experienced some liquidity issues. Earnings reports continued to trickle in, with Dow member Walt Disney Company missing Q4 expectations. In other equity news, Meta Platforms announced large-scale layoffs as the company tries to become a more leaner communication services firm.

Treasuries were mixed, and the U.S. dollar was solidly higher, while crude oil prices fell, and gold saw some pressure. Economic news was light, with mortgage applications falling for a seventh-straight week.

Asia finished mixed following some Chinese inflation data, and Europe also diverged.

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PODCAST: Inflation Impact on Healthcare

Posted on November 10, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Eric Bricker MD

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ELECTIONS: Money and Markets

Posted on November 9, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

Historical Review

By Staff Reporters

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Now that the voting is behind us, it might be safe to start checking your portfolio. In recent history, stocks have only gone up after midterm elections:

In the year following every midterm election since 1950, the S&P 500 has risen—no matter which party won.
A divided government, which could happen if the GOP retakes at least the House, delivers the best market results: Data going back to 1932 shows average annual S&P returns of 13% when there’s a GOP-controlled Congress under a Democratic president, compared to 10% when Democrats have both, per RBC Capital Markets.

Why?

There’s some debate, but partisan gridlock can be advantageous for business because it minimizes the chance of major changes to taxes or other laws that impact companies. It also doesn’t hurt to have the uncertainty of the election in the rear-view mirror.

Right now however, investors are more focused on the FOMCs’ rate hikes in response to inflation. While politicians from both sides of the aisle have criticized Jerome Powell’s recent decisions, he’s unlikely to change course due to the election outcome. Plus, economists seem pretty convinced the US is headed toward a recession, regardless of who’s in control in Washington.

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WEEKEND REVIEW: Stock Market Update and China COVID Policy

Posted on November 6, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Markets: Stocks closed their otherwise terrible week on a high note following another solid jobs report for October. The US economy added 261,000 jobs last month, more than expected, though the unemployment rate ticked up to 3.7%. The Fed wants to see the labor market loosen up before it’s willing to slow down its rate hikes.
Stock spotlight: Carvana, the online used car retailer that surged during the pandemic, suffered its worst day ever and closed near its all-time low. Carvana’s plunge of more than 95% this year makes it a prime example of Covid darlings that were caught flat-footed when the macroeconomic environment deteriorated and pandemic trends (like huge demand for used cars) snapped back to normal.
DraftKings stock had its worst day on record, down nearly 28%, after revealing a longer-than-expected path to profitability.

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Is China going to loosen its Covid policies? Investors pounced on rumors this week that Beijing was thinking about relaxing its draconian Covid precautions, sending Hong Kong’s Hang Seng Index to its best week in a decade. Separately, Reuters obtained a recording of a former Chinese disease control official telling a conference that China would be making big changes to its “dynamic-zero” Covid policy.

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CRYPTO.com and Celebrity Endorsements?

Posted on November 5, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

AFFINITY MARKETING!

Physicians and All Investors Beware!

By Staff Reporters

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Celebrity Matt Damon’s infamous “fortune favors the brave” Crypto.com commercial premiered one year ago today, and its timing couldn’t have been worse. Had you been inspired to buy $1,000 worth of bitcoin on that day (the token was then worth $60,608, near its peak price) you would have just ~$340 now.

Fortune isn’t exactly what’s favored Crypto.com in the year since the ad debuted. The price of bitcoin has plunged ~70%, the company reportedly slashed about 40% of its workforce this summer, and the YouTube version of the Damon commercial has been set to private.

Today, the coin has been pretty stable since mid-June, 2022 and hovering at around $20,000.

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DAILY UPDATE: Stocks Tumble Following Fed Decision

Posted on November 3, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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FOMC IRs UP: https://medicalexecutivepost.com/2022/11/02/breaking-news-the-fomc-raises-short-term-interest-rate-0-75/

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U.S. equities finished lower with the Dow whipsawing within a more than 900-point range following the Fed’s monetary policy decision. The Central Bank raised rates by 75 basis points for a fourth-straight meeting, but opened the door to slowing within its statement. However, in his presser following the announcement, Chairman Powell reiterated that any notion of a pause was premature.

Treasury yields were mixed and the U.S. dollar traded to the upside, while crude oil prices gained ground, and gold saw a modest loss. In economic news, mortgage applications fell for a sixth-straight week even as mortgage rates snapped a string of increases, and ADP’s private sector employment report came in above estimates ahead of Friday’s key labor report.

Earnings season continued to roll on, with Advanced Micro Devices missing earnings forecasts, and CVS Health exceeding profit projections and raising its guidance. Ford Motor Company reported October sales that showed a year-over-year decline, but EV sales grew.

Asia finished mixed with mainland Chinese markets and Hong Kong continuing rallies, while Europe also diverged amid some likely trepidation ahead of the Fed decision.

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DAILY UPDATE: Stocks Lower as Markets Look Ahead to FOMC Decision

Posted on November 2, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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U.S. equities were modestly lower, as investors awaited tomorrow’s conclusion of the Federal Open Market Committee (FOMC) meeting. The Fed is widely expected to hike the target for its fed funds rate by another 75-basis points. On the economic front, the Job Openings and Labor Turnover Survey (JOLTS) posted an unexpected rebound—indicating a still-tight labor market—which seems to be enhancing monetary policy tightening concerns. Reports on manufacturing showed that activity remained in expansion territory, while construction spending unexpectedly rose month-over-month.

In equity news, pharmaceutical companies Eli Lilly and Pfizer both topped earnings estimates, while the former lowered its full-year guidance, and the latter raised its outlook.

Treasury yields were mixed, while the U.S. dollar ended little changed in choppy action. Crude oil prices gained ground, and gold was higher.

And, Asian stocks finished to the upside amid a host of mixed economic news, and after the Reserve Bank of Australia hiked rates by 25-basis points for a second-straight meeting. European markets were mostly higher in the wake of mixed manufacturing data, and ahead of today’s decision by the FOMC.

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FINANCE: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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DAILY UPDATE: Stocks Down First Trading Session of Week

Posted on November 1, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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U.S. equities ended the day in the red, failing to continue last week’s positive momentum. The moves came amid a quiet day on the economic and earnings fronts, but both are set to heat up as the week progresses.

In earnings news, Global Payments bested estimates and reaffirmed its guidance, and Emerson Electric also beat the Street, while also announcing the sale of a majority stake in its climate unit to Blackstone.

Meanwhile, a couple of reads on regional manufacturing showed activity continued to contract. Treasury yields traded higher and the U.S. dollar gained ground, continuing to rebound from a recent drop, while gold and crude oil prices were lower.

Stocks in Asia were mixed amid a slew of economic data in the region, and Europe ended higher as investors continued to digest last week’s 75 basis point rate hike by the European Central Bank.

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DAILY UPDATE: Are we living through Dot-com Bust 2.0?

Posted on October 31, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Also known as the internet bubble or the information technology bubble, the dotcom bubble was the unprecedented rise in equity valuations of internet-based tech companies during the bull market of the late 1990s.

Thanks mainly to speculation and substantial funding for these new internet start-ups, investments in dot-coms (named as such for the .com online top-level domain [TLD] used by such companies) boosted the NASDAQ Composite Index (COMP) from 751 in January 1995 to a peak of 5,048.62 on March 10, 2000. But the bubble eventually burst in March 2000, with many companies failing to even come close to fulfilling their promise. As such, the NASDAQ fell by more than 75 percent between March 2000 and October 2002, thus wiping out more than $5 trillion in market value.

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Some financial and economic analysts are beginning to compare this year’s tech rout (which has cost the NASDAQ $8 trillion in value so far) with the bursting of the dot-com bubble in 2000–2002, when the NASDAQ lost the equivalent of $8.6 trillion in today’s dollars. The industrial-focused Dow, on the other hand, is on track for its best October in history.
The FOMC is likely a lock to hike interest rates by a large75 basis points on Wednesday for the fourth straight meeting. Evidence that its inflation-fighting campaign is working could come on Friday, with the October jobs report.

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HALLOWEEN: Stock Index Indicator?

Posted on October 29, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

SELL IN MAY – AND GO AWAY

By Staff Reporters

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Essentially, the HALLOWEEN INDICATOR is a market-timing strategy. It argues that, by buying into the stock market after Halloween and selling at the end of April, investors would generate a better annual return on their portfolio than if they had remained invested throughout the year. Sell in May and go away is an investment strategy for stocks based on a theory that the period from November to April inclusive has significantly stronger stock market growth on average than the other months

The practice of abandoning stocks beginning in May of each year is widely thought to have its origins in the United Kingdom. The privileged class would leave London and head to their country estates for the summer months, where they would largely ignore their investment portfolios. To this day, many stock market watchers have postulated that the corresponding impact of summer vacations on market liquidity and investors’ risk aversion is at least partly responsible for the difference in seasonal returns.

In what is considered to be a seminal piece of research on the subject, “The Halloween Indicator, ‘Sell in May and Go Away’: Another Puzzle,” authors Sven Bouman and Ben Jacobsen were among the first to document a strong seasonal effect in global stock markets. In 36 of the 37 developed and emerging markets they studied between 1973 and 1998, the authors found returns in the November through April period to be, on average, significantly higher than those in the May through October period, even after taking transaction costs into account. What puzzled the authors was the fact that, while the anomaly was widely known and seemed to offer considerable economic rewards, it had not been arbitraged away.

More recently, Jacobsen partnered with Cherry Zhang on a follow up study, titled, “The Halloween Indicator: Everywhere and All the Time,” and extended the research to 108 stock markets using all historical data available. The result was a sample of 55,425 monthly observations (including more than 300 years of UK data), which helped to rebut any criticisms of data mining and sample selection bias. The results were compelling, as the November through April “winter” period delivered returns that were, on average, 4.52% higher than the “summer” returns. The Halloween effect was evident in 81 out of 108 countries. The size of the Halloween effect varied across geographies. It was found to be stronger in developed and emerging markets than in frontier markets.

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MORE: https://medicalexecutivepost.com/2021/10/30/the-halloween-index-investment-strategy/

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October is “Financial Planning” Month [Especially for Medical Professionals]

Posted on October 29, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

SPONSOR: http://www.CertifiedMedicalPlanner.org

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U.S. Financial Planning Month is observed nationwide during October.

With the holiday season coming up (aka hefty gifting expenses) and the new year just around the corner, Financial Planning Month is a great opportunity to get your finances and budgets in order before life gets too busy.

CALL US TODAY TO GET STARTED: https://medicalexecutivepost.com/coach/

CALL FOR A SECOND OPINION: https://medicalexecutivepost.com/schedule-a-consultation/

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DAILY UPDATE: NYSE Suspends Twitter Shares

Posted on October 28, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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The New York Stock Exchange will suspend Twitter shares today as Elon Musk closes in on a takeover. Musk just bought the social media company for $44 billion after trying to walk away from the deal.

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Stocks Ended Mixed in Volatile Day Full of Reports

U.S. stocks finished mixed in a choppy trading session, as a host of earnings and economic news were released. The markets digested a second-straight 75 basis point rate hike by the European Central Bank (ECB).

Shares of Meta Platforms tumbled after missing earnings estimates and forecasting much higher-than-expected capital expenditures, while Dow members Caterpillar, McDonald’s, Honeywell, and Merck all rallied after beating earnings expectations.

The economic calendar is full as Q3 GDP growth came in stronger than expected, and weekly initial jobless claims were lower than anticipated, but durable goods orders missed forecasts. Treasury yields fell following the data, and the U.S. dollar rebounded from a recent drop amid the ECB rate hike.

Crude oil prices were higher, and gold dipped. Asia diverged as the markets remained choppy, while Europe ended higher following the ECB’s monetary policy decision and amid the flood of earnings reports.

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FINANCE: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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BIG TECH STOCKS: Down … Down … Down!

Posted on October 27, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Plunging tech stocks are dragging the markets down and snapping a brief winning streak. Up next for the economy: The third-quarter GDP report.

America’s internet giants are slumping hard in this era of higher interest rates, lower advertising budgets, and widespread economic uncertainty

For example, Meta recently became the latest Big Tech company to post rough financial results for the prior quarter. It recorded its second straight quarter of declining revenue and provided a gloomy outlook for Q4. Perhaps Meta shouldn’t even be considered “Big Tech” anymore. Since its share price peaked in September 2021, the company lost nearly two-thirds of its value…before diving another ~20% in after-hours trading yesterday.

What went wrong? Younger people are fleeing Facebook, and investors aren’t confident CEO Mark Zuckerberg can reinvent the company as a metaverse platform. “Meta has drifted into the land of excess—too many people, too many ideas, too little urgency,” a prominent shareholder wrote this week in a scathing letter. Meta’s metaverse unit, Reality Labs, has lost $9.4 billion so far this year.

While Meta may be the poster child for Big Tech’s struggles, it’s not the only company that needs a checkup

Google parent Alphabet posted its slowest revenue growth since 2013 (outside of one early pandemic quarter), and YouTube ad sales actually fell in Q3. It’s “a tough time in the ad market,” CEO Sundar Pichai acknowledged. Alphabet shares had their worst day since March 2020.
And Microsoft also had its worst day since March 2020 after giving a disappointing forecast. Its push to dominate the metaverse is also faltering, per the WSJ.

Big view

Tech giants scored record profits during COVID, when interest rates were near zero, stimulus checks were flowing, and everyone was stuck inside with only the internet to entertain themselves. No anymore!

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ORDER: https://www.amazon.com/Dictionary-Health-Information-Technology-Security/dp/0826149952/ref=sr_1_5?ie=UTF8&s=books&qid=1254413315&sr=1-5

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OCTOBER: National Financial Planning Month!

Posted on October 27, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

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By Dr. David Edward Marcinko MBA CMP®

SPONSOR: http://www.CertifiedMedicalPlanner.org

October is National Financial Planning Month—an ideal time to plan your financial future. The end of the year is approaching and a new one will soon begin, so this is the right time to think about what you have done in 2022 and what you could do in 2023. You might want to do something new; you may want to do some things differently.

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GREAT NEWS: But what about financial planning specificity for physicians, nurses and all medical professionals?

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Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™

FINANCIAL PLANNING: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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Risk Management, Liability Insurance, and Asset Protection Strategies for Doctors and Advisors : Best Practices from Leading Consultants and Certified Medical Planners™ book cover

RISK MANAGEMENT: https://www.routledge.com/Risk-Management-Liability-Insurance-and-Asset-Protection-Strategies-for/Marcinko-Hetico/p/book/9781498725989

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What is CHROMETOPHOBIA?

Posted on October 27, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

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A great question to ponder during National Financial Planning Month!

About the “FEAR OF MONEY”

By Charles Patrick Davis, MD, PhD

Fear of money: An abnormal and persistent fear of money. Sufferers experience undue anxiety even though they realize their fear is irrational. They worry that they might mismanage money or that money might live up to its reputation as “the root of all evil.” Perhaps they remember well the ill fortune that befell the mythical King Midas. His wish that everything he touched be turned to gold was fulfilled, and even his food was transformed into gold.

The fear of money is termed chrometophobia or chrematophobia, from the Greek “chrimata” (money) and “phobos” (fear). The “chrome” in “chrometophobia” may also be related to the Greek word “chroma” (color) because of the brilliant colors of ancient coins — for example, gold, silver, bronze and copper.

CITE: https://www.r2library.com/Resource/Title/0826102549

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FINANCIAL PLANNING: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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PHYSICIAN FINANCIAL ADVISORS: https://medicalexecutivepost.com/2021/10/11/

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SAVINGS: Rates Plummet!

Posted on October 26, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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The personal savings of Americans have plunged this year, hitting $629 billion in the second quarter of 2022, according to the Federal Reserve Bank of St. Louis. That’s down from $1.98 trillion in the second quarter of 2021, and $4.85 trillion in the second quarter of 2020, boosted by COVID-related government cash. But it’s also down from $1.41 trillion in the second quarter of 2019, before the pandemic.

In fact, the personal saving rate — meaning personal saving as a percentage of disposable income, or the share of income left after paying taxes and spending money — fell to 3.5% in August, according to the Bureau of Economic Analysis. It’s quite a U-turn: The personal saving rate recently peaked at 26.3% in March 2021 and 33.8% in April 2020. But the drop in the personal saving rate isn’t all pandemic-related: In January 2020, before the coronavirus pandemic, it was 9.1%.

But, what about doctors and other medical professionals?

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FLASH ALERT: “Alphabet” Stock Shares!

Posted on October 26, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Stocks are hot and posted their third straight day of gains on hope that the FOMC might end its rate hikes at some point in the future. But that streak could end today.
Alphabet shares took a tumble in late trading after the company revealed its fifth consecutive quarter of slower revenue growth. Cracks are emerging in some of its core properties: Google search and YouTube. YouTube revenue declined for the first time since Google started reporting the division’s earnings separately.
Alphabet’s total quarterly revenue growth drastically declined from 41% to 6%.
The growth rate of Microsoft’s search and news advertising business has been shrinking each quarter of the past year, coinciding with the general downward trajectory of the entire online advertising market.

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INVEST: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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DAILY UPDATE: Stocks Rise Despite Global Services & Manufacturing PMI Data

Posted on October 25, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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U.S. stocks ended the day higher, adding to last week’s rally, which was the biggest advance since June. The three major stock averages climbed for the second straight trading day, but this rally will face a big test in the upcoming earnings season. Left out in the cold were Chinese tech stocks like Alibaba, which plunged as markets reacted (rather negatively) to China’s President Xi Jinping securing an unprecedented third term and packing the country’s leadership with loyalists.

Treasury yields were mixed, as longer-term rates reversed to the upside and seemingly weighed on growth sectors.

The markets awaited this week’s flood of earnings reports amid a day light in equity news, headlined by Tesla’s decision to cut prices for some of its vehicles in China. Political developments out of China and the U.K. were also in focus, along with a flood of Manufacturing and Services PMIs in the U.S. and abroad, which mostly showed a slowdown in activity.

The U.S. dollar was unchanged, while crude oil and gold prices edged lower.

Asian stocks finished mixed with mainland Chinese and Hong Kong equities tumbling, while Europe ended higher despite some

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What is a JUMBO Home Loan Mortgage?

Posted on October 24, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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What Is a Jumbo Loan?

A jumbo loan, also known as a jumbo mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA). Unlike conventional mortgages, a jumbo loan is not eligible to be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac. Designed to finance luxury properties and homes in highly competitive local real estate markets, jumbo mortgages come with unique underwriting requirements and tax implications. These kinds of mortgages have gained traction as the housing market continues to recover following the Great Recession.

The value of a jumbo mortgage varies by state—and even county. The FHFA sets the conforming loan limit size for different areas on an annual basis. The limit for 2022 was set at $647,200 for most of the country. This was an increase of $98,950 from the 2021 limit of $548,250. For counties that have higher home values, the baseline limit is set at $970,800, or 150% of $647,200.1

The FHFA has a different set of provisions for areas outside of the continental United States for loan limit calculations. As a result, the baseline limit for a jumbo loan in Alaska, Guam, Hawaii, and the U.S. Virgin Islands as of 2022 is also $970,800. That amount may actually be even higher in counties that have higher home values.

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FINANCE: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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DAILY UPDATE: World Finance and Economics

Posted on October 20, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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U.S. equities snapped a two-day winning streak, finishing lower as investors weighed a host of earnings and economic reports and eyed a noticeable rise in Treasury yields.

Housing data was in focus today, as mortgage applications declined last week, while housing starts fell more than anticipated, and building permits unexpectedly rose.

Equity news was headlined by positive earnings surprises, as Netflix and Dow member Proctor & Gamble both bested earnings expectations, despite citing the impacts of foreign exchange headwinds.

United Airlines also topped earnings estimates and expects the strong COVID-19 recovery trends to continue to overcome recessionary pressures.

Meanwhile, the U.S. dollar rallied amid weakness in the euro and British pound, while crude oil prices gained ground, and gold fell.

European stocks traded lower following hot inflation data out of the region. And, Asian markets closed out mixed in a quiet day as the markets continued to grapple with global monetary policy tightening concerns.

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FINANCE: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

DICTIONARY ECONOMICS: https://www.r2library.com/Resource/Title/082610254

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Obtain an ME-P Second Opinion Right Here!

Posted on October 20, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

2nd Opinions

iMBA, Inc., Consultations and Discussion Board

Finally … it’s right here!

Link: http://www.medicalbusinessadvisors.com/forum-discussion.asp

Telephonic or electronic advice for medical professionals that is:

Objective, affordable, medically focused and personalized
Rendered by a prescreened financial consultant or medical management advisor
Offered on a pay-as-you-go basis, by phone or secure e-mail transmission.

2nd Opinions

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Typical Topics

Financial Planning
Retirement Planning
Overhead Assessments
Income Distribution Models
Academic Funding Analyses
Insurance Planning
Risk Management
Practice Assessments
New Venture Business Plans
Hospital Based Contract Assessments
Practice Income Turnarounds
Estate Planning
Portfolio Analysis
Compensation Plans
Cost Accounting Implementation
Contract Subsidy Analyses
Practice Buy Sell Valuations
Investment Policy Statement Analysis
Interim Management
Contract Compliance Models
New Physician Projections
Productivity Measurements
Revenue Cycle Gap Analyses
Payer Rate Evaluations
Revenue Cycle Improvements
Compensation Benchmarking
Strategic Planning Models
HIT System Evaluations
Staffing Analyses
P4P – ACOs – Concierge Medicine
Annual Budget Development
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New Practice Development
Medical Service Line Extensions
Markets, Sales and Advertising
Health PR and Medical Practice Crisis Management
Investment Management-product evaluation/selection/competitive analysis
-investment research
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* Financial Planning (IPS process, solutions, segmentation)
* New Product Development (pension, longevity insurance, risk management)
* Management Consulting (effectiveness/efficiency assessment of the investment management process)* Advocacy (regulatory, pensions, new products)
* Financial Education/Coaching (corporate, groups)

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[HOSPITAL OPERATIONS, ORGANIZATIONAL BEHAVIOR AND FINANCIAL MANAGEMENT COMPANION TEXTBOOK SET]

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[Foreword Dr. Hashem MD PhD] *** [Foreword Dr. Silva MD MBA]

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IRS: New Taxation Rates and Brackets for 2023

Posted on October 19, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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The IRS just released inflation-adjusted marginal rates and brackets for 2023 on Tuesday, and many workers will see higher take-home pay in the new year as less tax is withheld from their paychecks.

Additionally, the agency released the standard deduction for next year. It is increasing by $900 to $13,850 for single taxpayers, and by $1,800 for married couples, to $27,700. For heads of household, the 2023 standard deduction will be $20,800. That’s an increase of $1,400.

Here are the marginal rates for for tax year 2023, depending on your tax status.

Single filers

10%: income of $11,000 or less
12%: income between $11,000 to $44,725
22%: income between $44,725 to $95,375
24%: income between $95,375 to $182,100
32%: income between $182,100 to $231,250
35% income between $231,250 to $578,125
37%: income greater than $578,125

Married filing jointly

10%: income of $22,000 or less
12%: income between $22,000 to $89,450
22%: income between $89,450 to $190,750
24%: income between $190,750 to $364,200
32%: income between $364,200 to $462,500
35% income between $462,500 to $693,750
37%: income greater than $693,750

Additionally, the maximum Earned Income Tax Credit for 2023 is $7,430 for those who have three or more qualifying children. The maximum contribution to a healthcare flexible spending account is also increasing, from $2,850 to $3,050.

Wealthy Americans will also be able to exclude significantly more assets from the estate tax in 2023. Individuals will be able to transfer up to $12.92 million tax-free to their descendants, up from just over $12 million in 2022. A married couple can pass on double that. And the annual exclusion for gifts increases to $17,000.

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INVESTING: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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BANKS: Goldman Sachs Overhaul

Posted on October 18, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Goldman Sachs is planning a major overhaul that would combine its investment banking and trading businesses into one unit and its asset and wealth management branches into another.

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Bank Types: https://medicalexecutivepost.com/2022/10/14/the-three-various-types-of-banks/

FINANCE: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

***

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DAILY UPDATE: Equities, Treasuries, Crude Oil and BoA

Posted on October 18, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

THE ECONOMY & RECESSION

By Staff Reporters

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U.S. equities rose noticeably in the first trading session of the week following the new U.K. finance minister’s announcement that the government would abandon nearly all its tax cut plans. The moves came amid hopes of some stabilization in the global bond and currency markets which have seen increased volatility in the wake of the initial proposal.

Treasury yields traded mixed, while the U.S. dollar fell amid strength in both the British pound and the euro.

Crude oil prices nudged lower, and gold traded slightly higher.

Bank of America shares rose as the company eclipsed quarterly expectations on a jump in net interest income, while Q3 earnings season is set to kick into a higher gear this week.

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Economy: This party may be busted by the cops. A US recession is a 100% certainty within the next 12 months, according to Bloomberg’s economic model.

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FINANCE: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

***

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More on “income inequality” and financial planning

Posted on October 17, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

“The rich get richer and the poor get poorer”

By Rick Kahler CFP®

One of the pillars of my profession of financial planning and counseling is to help people get richer. For many people, this statement might evoke the idea of “income inequality” as summed up by the phrase “the rich get richer and the poor get poorer.” This is a common money script around a topic that evokes a lot of difficult emotion.

Of course, there are people who have wealth that tends to increase over time. This includes some who inherit vast wealth and others who achieve wealth through business ownership or creative successes. It also includes those who live on less than they make, invest the difference, and make sound investment decisions with the money they have saved.

Goals of financial planning

Regardless of the economic class people start out in, one of the goals of financial planning is to help them expand their lifestyles—in in other words, to get richer. We help them build wealth so they can afford to send their children to college, or can take care of themselves in old age, or can someday not have to work for an income. We help the poor to become middle class, the middle class to become affluent, the affluent to become rich, and the rich to become richer.

When I frame “the rich getting richer” in that manner, people typically respond, “I never thought of it that way.” It contradicts the popular interpretation that the way the rich get richer is by taking from the poor, hence “the poor get poorer.”

Certainly it’s true that some rich people and companies do exploit the poor or try to influence legislation in their own interests. The artificially high prices they charge can be one factor in causing the poor to get poorer. Examples of this might include the secondary educational system as well as industries where excessive regulations limit competition.

***

https://www.amazon.com/Comprehensive-Financial-Planning-Strategies-Advisors/dp/1482240289/ref=sr_1_1?ie=UTF8&qid=1418580820&sr=8-1&keywords=david+marcinko

***

Reasons

However, just as most of the rich don’t get richer by exploiting the poor, most of the poor don’t get poorer by being exploited by the rich. Some get poorer because they lack education or don’t know how to access help. Some get poorer by events out of their control, such as job layoffs, serious illnesses, or cultural, racial, or sexual discrimination. There are many reasons.

Some get poorer through choosing careers with little future, not taking care of their health, or making poor money decisions such as financially enabling children. Others are caught up in destructive behaviors like addictions or compulsive gambling. A few even choose poverty for religious or philosophical reasons.

Complex

As with many things, income inequality is complex.

For example, some people choose to take large risks that could result in their becoming very rich or very poor.

Others choose the security of a steady paycheck. There could ultimately be a huge wealth gap between the entrepreneur who hits it big and the more conservative person who wants to play it safe. Does that mean the gap is inherently bad, or that the risk-taker doesn’t deserve the rewards of success?

Certainly, the risk-taker could have ended up far worse than the person who played it safe. Does that make one right and the other wrong? I don’t believe so.

Assessment

Just as with other money scripts, “the rich get richer and the poor get poorer” is true in some circumstances. At other times, the truth can be that “the rich get poorer and the poor get richer.” It can also be true (think of the 2008 economic crash) that “the rich get poorer and the poor get poorer.” And the final truth—one that financial planners work toward—is to help “the rich get richer and the poor get richer.”

Conclusion

Your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, urls and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.

Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements.

Book Marcinko: https://medicalexecutivepost.com/dr-david-marcinkos-bookings/
Subscribe: MEDICAL EXECUTIVE POST for curated news, essays, opinions and analysis from the public health, economics, finance, marketing, IT, business and policy management ecosystem.

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Filed under: Ethics, Financial Planning | Tagged: “Money Scripts”, Financial Planning, Income Inequality, Rick Kahler MS CFP® | Leave a comment »

Ask About Our Medical Science Liaison Services

Posted on October 16, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

Dear Pharmaceutical Company, Financial Services Firm or Corporate Medical Vendor

We often serve as Medical Science Liaison [MSL] for pharmaceutical companies, at medical seminars and/or financial services organization meetings. Based on our education, experience and skills, we are confident that we would be a great addition to your team.

My Record

For example, I have a proven record in collaborative leadership with functional healthcare executive management experience to develop and implement coordinated strategies designed to deliver top line growth; drive organizational change and enhance competitive positioning within multiple key markets; enhance relationships and influence physicians; analyze financial, economics, operational and quality measures and ensure health practices are operating within goals and standards.

In this role, I can identify external experts (KOLs), and engage, enhance, and build relationships by listening and understanding the views of these experts.

An Independent Conduit Link

More importantly, I can bring value to external experts through excellent communication of scientific dialogue. I see this position as a non-promotional conduit link between you and this community. It is one where I fuse scientific knowledge with business acumen to accelerate commercialization success. As a fully independent MSL, I can:

Serve as MC, key or end-note speaker
Integrate quickly within any existing internal MSL structure or culture
Train, develop and team build career path management processes
Offer modern and flexible health 2.0 solutions.

CV and Related Information

And, a formal CV with evidence of national notoriety and gravitas is available with related information online:

CV: Dr. David E. Marcinko CV 2017

Letterhead: Corporate Medical Science Liaison Opportunities

Informative Websites:

Travel is non-problematic from Atlanta. Teaching, speaking, writing and mentoring are areas of expertise. Thank you in advance for your time. Please do not hesitate to contact me if you have any questions.

Cordially,

Dave

Dr. David Edward Marcinko; FACFAS, MBA, CMP™

Forner, Certified Financial Planner™
Former, Certified Physician in Healthcare Quality
Former, American Society of Health Economists (ASHE) member
Former, American Health Information Management Association (AHIMA) member
Former, Healthcare Information and Management Systems Society (HIMSS) member

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AT YOUR SERVICE: Invite Dr. Marcinko to Your Next Event, Video Conference or Blog-Cast in 2022

Posted on October 14, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

***

BY ANN MILLER RN CPHQ

https://medicalexecutivepost.com/2021/08/22/dr-marcinko-at-your-service/

THANK YOU

***

MORE: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

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DAILY UPDATE: Domestic Stocks, Treasuries, the Dollar, Oil, Jobs, Asian and European Stocks

Posted on October 14, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

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By Staff Reporters

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Stocks initially fell, and then soared.

Treasury yields rose, particularly on the short end of the curve.

The U.S. dollar declined as the British pound rallied for a second day amid speculation that the U.K. government may reverse course on its tax cut plan.

Crude oil prices reversed higher, and gold prices were lower.

Jobless claims accelerated more than expected.

Asian stocks moved broadly lower amid the inflation uneasiness, while European stocks ended the day in the green as the markets grappled with the potential tax-cut U-turn out of the U.K.

***

FINANCE: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

BUSINESS MEDICINE: https://www.routledge.com/Comprehensive-Financial-Planning-Strategies-for-Doctors-and-Advisors-Best/Marcinko-Hetico/p/book/9781482240283

***

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The Three [3] Types of Banks

Posted on October 14, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

Understanding Differences

[By Dr. David Edward Marcinko MBA CMP™]

SPONSOR: http://www.CertifiedMedicalPlanner.org

CMP logo

***

There are several different kinds of banks.

A general understanding of these types is suggested for any medical professional prior to launching a self-directed [ME, Inc], or even a guided investment strategy or wealth building portfolio effort with a financial advisor [FA], stock broker or wealth manager, etc.

This banking information is usually not included in any text on financial planning, or related, until now.

CITE: https://www.r2library.com/Resource/Title/082610254

Definition of Retail Bank

A retail bank is a typical small mass-market financial institution in which individual customers use local branches; usually of larger commercial banks. Services offered include savings and checking accounts, mortgages, personal loans, debit/credit cards and certificates of deposit (CDs).

Definition of Commercial Bank

A financial institution that provides services, such as accepting deposits, giving business loans and auto loans, mortgage lending, and basic investment products like savings accounts and certificates of deposit. The traditional commercial bank is a brick and mortar institution with tellers, safe deposit boxes, vaults and ATMs.

However, some commercial banks do not have any physical branches and require consumers to complete all transactions by phone or Internet. In exchange, they generally pay higher interest rates on investments and deposits, and charge lower fees.

Definition of Investment Bank

Investment banking activities are different than those of retail and commercial banking and include underwriting securities, acting as an intermediary between an issuer of securities and the investing public, facilitating mergers and other corporate reorganizations, and also acting as a broker for institutional clients.

***

Assessment

This brief review provides a retrospective on implications for modernity.

More:

Conclusion

Your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.

Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com

OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:

DICTIONARIES: http://www.springerpub.com/Search/marcinko
PHYSICIANS: www.MedicalBusinessAdvisors.com
PRACTICES: www.BusinessofMedicalPractice.com
HOSPITALS: http://www.crcpress.com/product/isbn/9781466558731
CLINICS: http://www.crcpress.com/product/isbn/9781439879900
ADVISORS: www.CertifiedMedicalPlanner.org
BLOG: www.MedicalExecutivePost.com
FINANCE: Financial Planning for Physicians and Advisors
INSURANCE: Risk Management and Insurance Strategies for Physicians and Advisors

***

Filed under: "Ask-an-Advisor", CMP Program, Financial Planning, Glossary Terms | Tagged: Certified Medical Planner™, CMP, Commercial Bank, hree [3] Types of Banks, investment bank, Marcinko, Retail Bank, Types of Banks | 8 Comments »

Dr. Dave Marcinko at YOUR Service in 2022

Posted on October 11, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

Book Marcinko for your Next Financial Planning Seminar, Meeting or Medical Business Event

By Ann Miller RN MHA

Professor and physician executive David Edward Marcinko MBBS DPM MBA MEd BSc CMP® is originally from Loyola University MD, Temple University in Philadelphia and the Milton S. Hershey Medical Center in PA; Oglethorpe University, and Atlanta Hospital & Medical Center in GA; and the Aachen City University Hospital, Koln-Germany. He is one of the most innovative global thought leaders in health care business and entrepreneurship today.

Dr. Marcinko is a multi-degreed educator, board certified physician, surgical fellow, hospital medical staff President, Chief Education Officer and philanthropist with more than 400 published papers; 5,150 op-ed pieces and over 125+ international presentations to his credit; including the top 10 biggest pharmaceutical companies and financial services firms in the nation. He is also a best-selling Amazon author with 30 published text books in four languages [National Institute of Health, Library of Congress and Library of Medicine].

Dr. Marcinko is past Editor-in-Chief of the prestigious “Journal of Health Care Finance”, and a former Certified Financial Planner®, who was named “Health Economist of the Year” in 2001. He is a Federal and State court approved expert witness featured in hundreds of peer reviewed medical, business, management and trade publications [AMA, ADA, APMA, AAOS, Physicians Practice, Investment Advisor, Physician’s Money Digest and MD News].

As a licensed insurance agent, RIA and SEC registered endowment fund manager, Dr. Marcinko is Founding Dean of the fiduciary focused CERTIFIED MEDICAL PLANNER® chartered designation education program; as well as Chief Editor of the HEALTH DICTIONARY SERIES® Wiki Project. His professional memberships include: ASHE, AHIMA, ACHE, ACME, ACPE, MGMA, FMMA and HIMSS.

Dr. Marcinko is a MSFT Beta tester, Google Scholar, “H” Index favorite and one of LinkedIn’s “Top Cited Voices”.

Book Marcinko

David Edward Marcinko (2)

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NOBEL PRIZE ECONOMICS: Former FOMC Chair Ben Bernanke

Posted on October 11, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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STOCKHOLM (AP) — Former U.S. Federal Reserve Chair Ben Bernanke, who put his academic expertise on the Great Depression to work reviving the American economy after the 2007-2008 financial crisis, won the Nobel Prize in economic sciences along with two other U.S.-based economists for their research into bank failures.

***

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***

Filed under: Breaking News, Financial Planning, Investing | Tagged: Ben Bernanke, Ben Bernanke nobel prize, Nobel prize | Leave a comment »

What is a Non-Fungible Token [NFT]?

Posted on October 11, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

About NFTs

[By staff reporters]

Sponsored: http://www.CertifiedMedicalPlanner.org

According to Wikipedia, a non-fungible token (NFT) (previously referred to as Bitcoin 2.0) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with a proof of ownership that is separate from copyright.

In 2021, there has been increased interest in using NFTs. Blockchains like Ethereum, Flow, and Tezos have their own standards when it comes to supporting NFTs, but each works to ensure that the digital item represented is authentically one-of-a-kind. NFTs are now being used to commodify digital assets in art, music, sports, and other popular entertainment. Most NFTs are part of the Ethereum blockchain; however, other blockchains can implement their own versions of NFTs.

Crypto Currency Basics: https://medicalexecutivepost.com/2014/01/23/understanding-currencies-bitcoins/

https://medicalexecutivepost.com/2017/06/28/the-crypto-future-through-bitcoin-ethereum-ripple-xrp-and-iota/

Carbon Footprint!

CARBON

The NFT market value tripled in 2020, reaching more than $250 million. The rise of NFT transactions has also led to increased environmental criticism. The computation-heavy processes associated with proof-of-work blockchains, the type primarily used for NFTs, require high energy inputs that are contributing to global warming. The carbon emissions produced by the energy needed to maintain these blockchains has forced some in the NFT market to rethink their carbon footprint.

Your thoughts are appreciated.

BITCOIN: https://medicalexecutivepost.com/2014/01/23/understanding-currencies-bitcoins/

ORDER Textbook: https://www.amazon.com/Comprehensive-Financial-Planning-Strategies-Advisors/dp/1482240289/ref=sr_1_1?ie=UTF8&qid=1418580820&sr=8-1&keywords=david+marcinko

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SPEAKS: Mohamed El-Erian

Posted on October 10, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Mohamed El-Erian, Allianz’s chief economic advisor just opined that the U.S. is heading toward a recession that was “totally avoidable” amid ongoing concerns about inflation and economic stability.

“I fear that we risk a very high probability of a damaging recession that was totally avoidable,” El-Erian told CBS’ “Face the Nation,” arguing that the Federal Reserve has made mistakes that will “go down in the history books.”

“One is mis-characterizing inflation as transitory. By that, they meant it is temporary, it’s reversible, don’t worry about it. That was mistake number one. And then mistake number two, when they finally recognized that inflation was persistent and high. They didn’t act. They didn’t act in a meaningful way,” El-Erian said.

***

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Inflation, Earnings Season the WB & IMF

Posted on October 10, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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Inflation data incoming. Thursday’s consumer price index release will show how much we got clobbered by inflation in September. Last month, inflation came in hotter than expected, leading to a market rout. Economists hope to see some cooling in “core CPI,” which strips out food and gas prices, this time around.

CITE: https://medicalexecutivepost.com/2022/09/14/inflation-cpi-and-the-ppi/

Earnings season is back. A stock market that’s already on edge could get another jolt of volatility this week as corporations begin to report their Q3 earnings, starting with PepsiCo on Wednesday. These reports will reveal how companies are coping with the Fed’s interest rate hikes.

The World Bank and the International Monetary Fund will hold their annual meetings in Washington, DC, this week amid great macroeconomic uncertainty.

***

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“Best” Physician Focused Financial Planning and Medical Practice Management Books for 2022

Posted on October 6, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

[Doctor-Advisor]

CAREER DEVELOPMENT

Learn How to Profit and Thrive in the PP-ACA Era

BOOK FOREWORD / TESTIMONIAL

Best Sellers

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Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants

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Filed under: Book Reviews, Career Development, Estate Planning, Financial Planning, Health Economics, Health Insurance, Health Law & Policy, iMBA, Inc., Practice Management, Recommended Books, Retirement and Benefits, Risk Management | Tagged: cyber monday, Hospitals and Healthcare Organizations, Hosptals | 6 Comments »

DEBIT CARDS: The New Rules?

Posted on October 5, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

By Staff Reporters

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The Federal Reserve just put out an update saying that debit-card issuers such as Visa Inc. will have to enable at least two payment-card networks for debit-card processing, including for online and other “card-not-present” transactions. The rules are “substantially similar” to a proposal from last year, the Fed announced.

The final deadline for implementation will be July 1, 2023.

READ: https://www.msn.com/en-us/money/personalfinance/visa-stands-to-lose-the-most-from-fed-s-new-debit-card-rules-analyst-says/ar-AA12Bxg9?cvid=fbaef024eba8408c92f9d84af44cb7f8

***

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***

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Careers and Net Worth

Posted on October 1, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

Your Career as an Asset Class

By Rick Kahler MS CFP® http://www.KahlerFinancial.com

Is your [medical] career part of your net worth? Should you include it as an asset class in a diversified investment portfolio? While we consider careers as essential aspects of financial and professional success, few of us think of or manage them as financial assets.

Emerging New Philosophy

Michael Haubrich, CFP®, of Financial Service Group, Inc., in Racine, Wisconsin, encourages clients to think of careers this way. Some of the following ideas come from his new book, Career Asset Management: Getting Ahead, Staying Ahead and Using Your Head to Maximize Your Career Value.

Career as Assset

If you consider your career an asset, then managing it means paying attention to the return you get from that asset. Here are a few things to consider in order in order to receive the most value from a career.

Keep in mind that the most important return on investment from a career is not necessarily financial

The value of a career is much more than just the money you earn; it includes a host of less tangible but vital rewards like the satisfaction you get from your work and the fulfillment that comes from following your dreams and using the talents that make up your unique genius.

Consciously set out to build a career rather than get a job

As with investing, this provides the most benefit when you start early. Settling long-term for “just a job” usually won’t provide as much value, in terms of both income and job satisfaction, as you will get from a meaningful career.

If your career asset isn’t providing a good return, make changes

Just as you might sell an underperforming mutual fund, consider making changes to your career if you aren’t getting the earnings, fulfillment, or other value you want from it. You might look for a similar job with a different company, add skills and knowledge to help you move up, consider changing careers, or explore starting your own business.

One way to fund such changes is to budget for a reserve over and above the six months of living expenses that many financial advisors recommend. Mike calls this reserve an Asset Working Capital Fund. He suggests the amount to have in this fund depends on the “velocity” and “volatility” of your career asset—including how fast you’re likely to advance, the stability of your job and career field, and life changes like starting a family that will affect your income.

Think of your career as a rental property

Mike recommends viewing your career as an asset that you own and rent to others for given periods of time. To get the highest “rent”—income and satisfaction—you need to keep that asset in top shape by keeping your skills and knowledge up to date, maintaining your passion for your work, and building a strong reputation and network of relationships within your profession.

Make the most of your near-retirement years

Wanting to retire early because you’re dissatisfied with your work can be a sign that your career asset isn’t working for you. Yet staying employed for even a few more years can make a big difference in your retirement income. Mike suggests considering options like part-time or contract work, flexible scheduling, consulting, or freelancing to add value to your late-career years. This can help you move into retirement gradually, as well as provide more financial security.

Assessment

Chances are you won’t choose to list your career as an asset class in your investment portfolio. To make the most of both your aspirations and your earning power, however, keep in mind that a satisfying career is one of the most important assets you can own.

More:

Is an MBA Worth It?
Doctor Salary v. Others [Present Value of Career Wealth]
MEDICAL PRACTICE AS A NEW ASSET CLASS [chapter]
[Valuing the Quintessential Alternative Financial Investment] B Dr. David Edward Marcinko MBA CMP®: Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™

Conclusion

OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:

DICTIONARIES: http://www.springerpub.com/Search/marcinko
PHYSICIANS: www.MedicalBusinessAdvisors.com
PRACTICES: www.BusinessofMedicalPractice.com
HOSPITALS: http://www.crcpress.com/product/isbn/9781466558731
CLINICS: http://www.crcpress.com/product/isbn/9781439879900
ADVISORS: www.CertifiedMedicalPlanner.org
BLOG: www.MedicalExecutivePost.com
FINANCE: Financial Planning for Physicians and Advisors
INSURANCE: Risk Management and Insurance Strategies for Physicians and Advisors

BOOK:

Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™

Filed under: Financial Planning, Portfolio Management | Tagged: asset class, Careers and Net Worth, Rick Kahler CFP® | 8 Comments »

What is a BEAR MARKET Relief Rally?

Posted on September 30, 2022 by Dr. David Edward Marcinko MBA MEd CMP™

Are We Experiencing a Bear Market Relief Rally?

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Maybe yesterday – Not today!

By Staff Reporters

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A bear market relief rally describes a period inside of a bear market in which prices of stocks temporarily increase during, sometimes quite sharply, before returning to new lows. This rise in prices is typically a short-lived increase, sometimes lasting anywhere from days to months, amidst an overall long-term downward trend in the market.

CITE: https://www.r2library.com/Resource/Title/082610254

Key Takeaways

A bear market rally is when prices rise during a bear market.
This type of rally is difficult to identify until after it has happened and can occur more than once in a prolonged bear market.
Day traders can make money shorting stocks, but individual investors should just stay the course with their investing strategy.

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What Is a Jumbo Loan?

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Finally … it’s right here!

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Book Marcinko for your Next Financial Planning Seminar, Meeting or Medical Business Event

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