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On today’s show, we discuss:
- Future Proof 2024
- Yardeni Says Fed Cut Raises Odds of ‘Outright Melt-Up’ in Stocks
- JPM Guide to ETFs
- What’s Left to Be ETF’d?
- Are you in the American middle class? Find out with our income calculator
- The State of the American Middle Class
- The Death of the Minivan
- US Online Grocery Prices Plunge the Most on Record in August
- We Get Either 4% Mortgage Rates or a Stable Job Market
- Housing Demographics with John Burns’ Eric Finnigan
- Baby Boomer Housing Market 2024: More Than Half of Older Owners Never Plan to Sell
- Trump wants to cap credit card interest rates at 10% — critics warn that it could cause people to lose their cards
- Reversing the Real-Estate Doom Loop Is Possible. Just Look at Detroit.
- With Bluesky, the social media echo chamber is back in vogue
Listen here:
Recommendations:
- Oceans Eleven
- Italian Job
- Civil War
- The Last Stop in Yuma County
- Transformers One
- Wise Guy: David Chase and the Sopranos
Charts:
Tweets:
Today is set to be the biggest gap higher for the S&P 500 ETF $SPY (+1.6%) after a scheduled Fed Day since 10/30/08 (+2.9%) after Bernanke cut by 50 bps in the midst of the Financial Crisis.
— Bespoke (@bespokeinvest) September 19, 2024
https://twitter.com/mark_dow/status/1836743676091039985?s=46&t=5gCjdH7Y55vaEUt3JGR2sg
Kids born on this date are now old enough to drive. @MikeZaccardi $LEH $MER $AIG pic.twitter.com/509vuWVS75
— Carl Quintanilla (@carlquintanilla) September 15, 2024
IMHO investors would rather access illiquid assets like private eq/credit in ETFs and deal with discounts and premiums (even steep ones) than in an interval/closed end/mutual fund.. one eg $HYD which traded at 29% discount in 2020, since then it's remained very popular, even… pic.twitter.com/TvuXJWadHQ
— Eric Balchunas (@EricBalchunas) September 18, 2024
1/ Some things are different, some things are different.
The job market for people in their early 20s is behaving like a pretty standard recessionary cycle (albeit early in that cycle).
Employment is falling. Unemployment is rising. pic.twitter.com/ZeT2rQNbzW
— Guy Berger (@EconBerger) September 12, 2024
Gen Z just overtook Baby Boomers
U.S. full-time workforce, by generation
Millennials: 49.5m
Gen X: 42.8mBaby boomers: 17.3m
Gen Z: 17.1m pic.twitter.com/lbPq0CYog8— Lance Lambert (@NewsLambert) September 23, 2024
Powell says lower rates will bring sellers and buyers back to the housing market.
In fact, more locked-in homeowners and renters are itching to move soon.
If we get 100+ bps of cuts by next March, spring 2025 could see a big spike in both listings and sales. pic.twitter.com/ES7vpVYsy1
— Eric Finnigan (@EricFinnigan) September 18, 2024
from JPM: "Median balances in June 2024 were 15% higher than they had been in June 2019 for low-income households, and 5% higher for high-income households
{{Note this is percent change (relative to 2019) in median monthly ***real*** cash balances, by income quartile}} pic.twitter.com/87cP4rduvO
— talmon joseph smith (@talmonsmith) September 19, 2024
BREAKING: X is about to remove the current block button, meaning that if an account is public, their posts will be visible to the blocked users as well!
— Nima Owji (@nima_owji) September 23, 2024
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