The Best of YCharts in July
It's August 1st, which means its time for another Best of YCharts!
Fun fact: MTV launched August 1st, 1981 and is somehow its still on air today cycling Teen Wolf reruns (with very few music videos).
Below you'll find a greatest hits playlist for YCharts' content this past month. If you or a colleague would like to learn more about how YCharts can power your practice, please feel free to reach out to me directly or book time on my calendar here: How can I grow my AUM with YCharts?
YCharts Monthly Product Update
First on the docket, the best new features we released in the month of July:
Portfolio Optimizer
Build the optimal allocation strategy to mitigate exposure to risk, maximize portfolio performance, and enhance data-driven decision-making for portfolio management using YCharts’ NEW?Portfolio Optimizer.?This powerful tool perfectly complements YCharts’ ever-popular Model Portfolios tool, offering an additional layer of analysis that focuses on risk and performance metrics to help streamline the development of the ideal asset allocation for your clients. Check out the following video below to learn more!
How to Tailor Financial Advice with the Scenarios Tool
I mentioned this in the June edition of the newsletter, but the Scenarios Tool is already making waves! Nick Maggiulli made a splash on Twitter (X?) with this client visual for good 'ole John Doe.
Convincing skittish clients like John to stay invested or kick-start their investment journey in 2022 was no small feat. Yet, as?Nick Magulli, COO of Ritholtz Wealth Management?highlighted, those who used dollar cost-averaging during 2022 would have experienced a considerably cushioned downturn.
Could You Have Hedged Inflation in the 2000s with an ETF?
A recent hit from the YCharts blog, our Can You Hedge it with an ETF? has been hugely beneficial for our clients on both the research and client communication fronts. In it, we ?investigate whether ETFs, Bitcoin and Cash can be used to hedge against risk factors which are top-of-mind for investors, and arms you shareable with insights into each hedging strategy’s effects on portfolio risk and performance.
If you want to get more than the chart above, use this link to get free access to the whitepaper.
Economic Update — Reviewing Q2 2023
The first half of the year is officially in the rearview mirror, and so far, stocks have posted an impressive performance. The?NASDAQ?led the way with a 12.81% surge in the quarter, the?S&P 500?rose 8.3%, and the?Dow Jones?saw a 3.41% gain.?
The continued rise in stocks in the quarter marked the start of a?new bull market, with the S&P 500 now up 24.42% from its October 12, 2022 low.
One of the biggest stories of the post pandemic era has been housing and mortgage rates, with the former's originations plummeting and the later rising to a post 2008 high.
That's all, folks! Again, if you or a colleague would like to learn more about YCharts or our content, please feel free to reach out to me directly or book time on my calendar here: How can I grow my AUM with YCharts?