AI Is a ‘Power Assist, Not a Replacement’

Published on September 17, 2024

Many advisors may view AI as a silver bullet, one that will replace their back-office staff. But panelists at the Future Proof Festival this week said it's more of an optimizer.

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The Big Four Recession Indicators: Real Retail Sales Down 0.1% in August

September 17, 2024
Nominal retail sales in August were up 0.05% month-over-month (MoM) and up 2.13% year-over-year (YoY). However, after adjusting for inflation, real retail sales were down 0.14% MoM and down 0.45% YoY.

The Big Four Recession Indicators: Industrial Production Better Than Expected in August

September 17, 2024
Industrial production was up 0.8% in August, coming in better than the expected 0.2% increase. Compared to one year ago, industrial production is flat.