A lot happened in the market today!
The news was packed today with stories about Apple's $2 billion fine by the European Commission, Bitcoin reaching a record high, and Nvidia still going strong but the S&P500 hugged a flatline. With this tech rally, there is growing concern that a bubble is building and will eventually burst. A question on everyone's mind is interest rates, are they going to get cut at all this year?
There is some relief and hope on the horizon however when it comes to rent prices. The housing market has been a hot topic for many Americans as lower and middle-class people struggled to find affordable housing, either to rent or own. Median rent prices reached an all-time high in 2023 at $2000 but now it's finally starting to lower as the supply of apartments has increased. Homeownership is still the American dream but a lot of that depends on the interest rates.
Lastly, Matt, Lee, and Eli discuss flying cars. What was once science fiction has been turning into reality over the past several years, and now a company in California has started its pre-ordering for its new flying car. The company, Alef Aeronautics, has 2,850 in preorders, with each car to be sold for $300,000. Would you buy a flying car? Or is this new business going to crash and burn, or change like EV cars? Elon Musk has some strong opinions about flying cars, and some people on the podcast agree and some disagree...
We appreciate your comments and questions. Please let us know below if you agree or disagree that there will be a new entry point for homebuyers in the future, as Lee suggests.
The dad joke that Matt refused to share: Knock, knock. Who's there? Cash. Cash who? No thanks, I'll take a peanut. *ba dum ching*
Mach-1 Financial Group, LLC (“Mach-1”) is an SEC Registered Investment Adviser located in Rogers, AR. Mach-1 may only transact business in those states in which it maintains a notice filing, or qualifies for an exemption or exclusion from registration requirements. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. Third party ratings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation. For full disclosures please see https://mach-1financial.com/disclosures/
Child Tax Credit News, Housing Shortage, and Burger King
Inflation Optimism, the Global Economy & TikTok Trends Impacting Company Profits
Recession Headlines, the Unemployment Rate and Bitcoin
Should Young People Buy Homes, U.S. Stocks, & Drone Delivery
Will the Fed Cut Rates in 2024 (and Should They)?
Remembering an Investing Legend
Holiday Sales Outlook: The Good and the Bad
The Economics of Thanksgiving
Are the Economic Forecasts for 2024 Too Bleak?
Is the Fed Done with Rate Hikes?
Should We Stop Caring About Fed Rate Hikes?
How Wealthy is Wealthy?
Is the Earnings Recession Over?
Advisors React: Financial Advice on TikTok
The Return of Student Loan Payments
The Fed’s Path to 2% Inflation (and Why They’re Wrong)
Auto Workers on Strike: Long-Term Effect
The Importance of Habits
A Chat with Former Head Razorback Coach Ken Hatfield
Worst Market Ever for First-Time Home Buyers?
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast