Housing prices fell for the first time in 3 years, and the drop was massive! Housing prices fell by the most since the Great Recession, and July just posted its 2nd worse month in over 30 years. Further, home affordability is the currently the worst on record. This is officially the worst housing market in […]
S&P Global just released their economic survey for August, and it points to a global recession affecting the United States, Europe, Japan, and Australia. This economic news is bad for the Eurozone economy and United States economic. The last 3 times the world fell into a global recession, the US stock market crashed, and we
The stock market crashed on Monday due to major fears over rising interest rates. The 10 year treasury yield is back above 3%, and CME futures are pricing in a 75 basis point interest rate hike at the Fed Meeting in September. This video explains the reasons why interest rates rose on Monday, including renewed
On Friday at 10am Eastern, Federal Reserve Chairman Jerome Powell will be speaking at the Jackson Hole Economic Symposium. This speech will be closely watched by investors for indicators on how much the Fed might raise interest rates by at the next Fed Meeting in September, as well as how long those interest rates will
Here are the 5 best value stocks to buy now. These are the first 5 value stocks we bought in the Millionaire Club Challenge. The value stocks we bought for this Millionaire Club Challenge include IPI (Intrepid Potash), VALE (Vale), ECPG (Encore Capital Group), FINV (FinVolution), and ZIM (ZIM Integrated Shipping). We are going to
Who’s right – bulls who think we’re going back to a new 52 week high, or bears who think we’re going back to a new 52 week low? It all comes down to a battle between the stock market technicals and the stock market fundamentals. This video explains the different schools of thought by explaining
Here’s everything you need to know for Tuesday summarized in just 3 minutes. This is all of the important stock market news that came out on Monday, including China economic data, Taiwan relations, New York’s factory data, homebuilder confidence data, more layoffs announced, and stock market analysis from Goldman Sachs and Blackrock. In addition, this
Even with China reporting much lower than expected economic growth and the United States entering a recession with a slowdown in consumer spending, there are some sectors that will rise during a recession. Those sectors include Luxury Brands, Gambling, Alcohol, Makeup and Beauty, and Pharmaceuticals. So don’t let this bad economic news and talk of
The drop in inflation appears to be temporary as commodities prices are rising again. Oil futures are up 5%, Gas futures are up 10%, and lumber and wheat prices are also rising. So while we did get a good producer price index (PPI data) that showed a drop in inflation month over month, it looks
CPI is expected to be higher than July – Core CPI that is. When the CPI number is released Wednesday at 8:30am Eastern Time, the core CPI number is expected to have gone up over the July core CPI number. That means inflation has continued to rise, and the Federal Reserve might have to raise
