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On today’s show, we discuss:
- It’s time to cut rates
- Apartment List national rent report
- The Fed looks through a great inflation print
- Restaurants are having their biggest year ever
- Big difference between Small Cap and Large Cap valuations in the S&P 500
- A critical check on consumer sentiment
- Apple Intelligence is right on time
- An interview with Daniel Gross and Nat Friedman about Apple and AI
- U.S. Home Prices Hit Another Record High, But Mortgage Rates Are Starting to Decline-Which Could Give Buyers Relief
- Americans are still adventurous, they just hate moving
- The C Word
- Big jump in insurance costs strikes condos
- Pixar’s ‘Inside Out 2’ Scores Biggest Opening Weekend Since ‘Barbie’
Listen here:
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Tweets:
From Carl Whitaker at RealPage:
“The U.S. median rent/income ratio for market-rate apartments has recorded 15 straight months of decline”
“From a purely rent/income based perspective, rents are now at their most affordable level since January 2021” pic.twitter.com/aZ7zeYeUtK
— Conor Sen (@conorsen) June 11, 2024
In the past 21 quarters of earnings calls, which goes back to Q1 2019. This quarter marks the 4th fewest number of times the word recession has been mentioned. pic.twitter.com/rMvRPFYVRA
— Eric Soda (@EricSoda) June 17, 2024
Robinhood has surpassed $20B in overnight trading volume since launching Robinhood 24 Hour Market last year. 🔥 pic.twitter.com/qK8gNF797c
— Vlad Tenev (@vladtenev) June 5, 2024
Below is from JP Morgan's Flow and Liquidity Report dated June 13.
tl:dr —$16 billion has flowed into bitcoin ETFs YTD. But $13 billion has left existing digital wallets, suggesting only $3 billion of net new money this year. As the chart from JPM below shows, estimates of flows… pic.twitter.com/zvtgNcTPdu
— Jim Bianco (@biancoresearch) June 17, 2024
"The 50 richest people in the world own wealth equal to the poorest 50% of the US" – BofA pic.twitter.com/rzGTEiRX3Y
— Sam Ro 📈 (@SamRo) June 16, 2024
The FBI just announced that crime has plummeted in the first quarter of 2024:
According to the report:
Murder decreased by 26.4%
Rape decreased by 25.7%
Robbery decreased by 17.8%
Aggravated assault decreased by 12.5%
Reported property crime decreased by 15.1%— Kyle Griffin (@kylegriffin1) June 11, 2024
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