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*
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First Citizens to Buy SVB
Bitcoin Bounces Back
Bank Fallout
Lawmakers Revisiting Social Security Language
30-Somethings In a Mountain of Debt
Rising Yields, Falling Stocks
Super Bowl Spending
What is a ”Rolling Recession”?
Secure Act 2.0 (Part 2)
Secure Act 2.0 (Part 1)
Keeping Financial Resolutions
Do No-Risk Investments Exist?
Goal Setting for the New Year
Millennial Millionaires Pare Back on Holiday Spending
Should I Pull from my 401(k) Now?
Sports Betting on College Campuses
Another One Bites the Dust
How the Mighty Fall
Ep 127: Midterm Aftermath
Ep 126: Jackpot!
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