Real estate is often touted as a trusty hedge against high inflation, but that may be changing. Soaring prices, rising interest rates, and a potential recession are reshaping the US industry. Two Goldman Sachs real-estate experts revealed where they see upside for investors, on a recent podcast. Loading Something is loading. Real estate is often… Continue reading The US real estate sector is being transformed by high inflation, rising rates, and the risk of a recession. 2 experts at Goldman Sachs explain how.
Dow jumps more than 300 points as US stocks break 3-week losing streak after dollar falls from recent highs
The Dow Jones Industrial Average soared more than 400 points on Friday as US stocks broke a three-week losing streak.The gains came as the US dollar backed off its recent highs and Treasury yields fell slightly.”A short-term shift is likely on the macro front, with the dollar and Treasury yields poised to consolidate for a… Continue reading Dow jumps more than 300 points as US stocks break 3-week losing streak after dollar falls from recent highs
Lumber prices defy the most recent surge in mortgage rates to extend 3-day rally to 10%
Lumber prices staged a 3-day rally of 10% despite continued headwinds in the housing market.The average 30-year mortgage rate closed in on 6% this week, hitting its highest level since 2008.Homebuilders continue to see a slow-down in demand, which doesn’t bode well for lumber. Loading Something is loading. Lumber prices broke a three-week losing streak… Continue reading Lumber prices defy the most recent surge in mortgage rates to extend 3-day rally to 10%
Bitcoin jumps more than 10% as risk appetite ramps up on a pullback in the US dollar from 20-year highs
Bitcoin surged as much as 13% on Friday to trade above $21,000 for the first time in two weeks. Crypto prices advanced alongside a jump in US stocks that put the S&P 500 on track to break a string of weekly losses. Bitcoin and stocks found fuel in a decline in the US dollar, which… Continue reading Bitcoin jumps more than 10% as risk appetite ramps up on a pullback in the US dollar from 20-year highs
Inflation expectations are collapsing and the Fed may be only reading ‘half of the story,’ Credit Suisse chief stock strategist says
Inflation expectations are “collapsing” and markets are pricing sub-2% inflation next year. That’s contrary to what the Fed has suggested, with plans to remain hawkish in the near-term. But they only have “half the story,” and a recession might not be imminent, Jonathan Golub said. Loading Something is loading. Market expectations for inflation are dropping… Continue reading Inflation expectations are collapsing and the Fed may be only reading ‘half of the story,’ Credit Suisse chief stock strategist says
Here’s How to Trade in an iPhone
If you haven’t heard, there are four new iPhones in town — 14, 14 Plus, 14 Pro, and 14 Pro Max –, which all went up for preorder on Sept. 9. But along with the excitement of wanting the new iPhone and getting one, you might be curious about what to do with your current one. For… Continue reading Here’s How to Trade in an iPhone
Home Buyers Take Heart as Prices Slide
As home prices start to dip, prospective home buyers may be getting a bit more enthusiastic. The median price for existing-home sales slid 2.4% to $403,800 in July from June’s record high of $413,800, according to the National Association of Realtors. Meanwhile, 40.5% of all prospective home buyers (and 45.3% of first-time buyers) say the… Continue reading Home Buyers Take Heart as Prices Slide
Here’s How Rising Gas Prices Impact Your Taxes
Wondering how the IRS increasing standard mileage rates affects your taxes? Retirement Daily’s Robert Powell caught up with Jeffrey Levine, CPA and tax pro from Buckingham Strategic Wealth Partners, to answer that question and more. TurboTax Live experts look out for you. Expert help your way: get help as you go, or hand your taxes… Continue reading Here’s How Rising Gas Prices Impact Your Taxes
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