Finding an Invincible Summer
As we head into the last quarter of the year, we're gearing up for what could be a wild ride.?
We've got two wars heating up with each passing day, an election year that feels like a fever dream, and world economies all aboard the crazy train.
Not to mention stocks rising like there's no recession in sight, bond prices falling like there's no geopolitical conflicts, and crypto dipping like the hype might be over.
What will happen before we ring in 2025? No one knows for sure, but zooming in on what's going on keeps us on our toes and ready for action.?
Let's dive into the latest economic happenings, what's going on in the stock market, and how heroes on the journey can make the most out of madness.
American Dreaming
With reality coming into clear view, we can't help but wonder if the Fed got it all wrong. The narrative doesn't align with the real world.?
China is in full on panic mode, and what's happening there should be a solid indicator of what's happening worldwide. Chinese property prices are hitting bottom and consumer sentiment is also extremely low.?
According to the Fed's Manufacturing Employment data, September saw the lowest levels since April of 2009. Small businesses continue to struggle as high rates keep borrowing opportunities at a distance.?
As far as the American Dream goes, mortgage applications are now below 2015 levels. Home prices are now 47% higher than they were in 2020. The median sale price is now a staggering five times the median U.S. household income.?
Election promises from both sides are in full swing. However, unless one of the candidates has plans to pull massive inventory out of a hat (or cull the population), housing costs will likely stay high.