It did briefly surpass 5000 yesterday, but if you just look at standard 15 minute intervals, you'll likely miss that brief excursion. Looks like an opening above 5000 is likely today however.
You should put it all in Tesla. Elon is a god. He knows about the democrats importing migrants to vote illegally. And the cars are fantastic, especially the truck. Go all in bro!
I love when talking heads on financial news sites start talking about Commercial Real Estate (CRE). CRE is all encompassing and includes many types of structures from office buildings, hotels, apartment complexes, car washes, oil change centers, restaurants, stand alone retail buildings like Dollar Generals or bank branches, large condominiums, data center hotels and even single family rental real estate. I see these types of loans being made all day long for the last 10 years. Less than 2% wind up nonperforming.
I generally agree, but can you blame them? Americans are like any other humans. If you go back in history, they were doing the same buying big(ger)/heavier/uneconomical cars before the 1973 oil crisis began and after that, for decades, they were collectively moving towards lighter, smaller, more fuel efficient cars. It's turned more recently, I think somewhere around the 2000-2010 period (I don't have the data handy) and they went to bigger cars along with improved fuel economy (more hybrid SUV offerings today for example) and at least since 2014, relatively cheap gasoline prices.
Hybrids and PHEVs allow more to convert their daily commute away from fossil fuels and this drastically improves air quality in cities. Would we rather have 30% of cars be PHEV or 5-10% pure BEV? PHEVs also allow more people to put in outlets to charge overnight as well... at least when it comes to EV ownership, the dedicated overnight plug matters more for 99% of use.
I looked at the data and feel like the “inflation ticked up” headline is kind of BS. Shelter is up a lot because of course it is, there isn’t enough of it and interest rates are high … thanks to the fed trying to kill inflation. Real food like veggies and meats are actually cheaper. Energy is cheaper. Medical care is higher and will always be too high because of structural problems with the whole system in the US. Typical market overreaction but people have probably been looking for an excuse to take some profits.
Every generation is filled with financially illiterate people. That dumb YouTube show should spend an episode or three focusing on all the boomers retiring with nothing but social security despite actually growing up in an environment where it’s possible for everyone to save.
Yes, there are plenty from older generations that are financially unstable. We live in an age where the most basic guidance on financial success is seconds away with a search on the Internet. Despite that, younger generations are still failing financially.
Tale as old as time: old people crapping on young people.
Still the best primer on personal finance ever produced:
True. They could vote to change that. 😉
We aren't even laying people off in total. The US gained 350k jobs last month and has been gaining net jobs for quite some time (37 straight job reports). A long stretch of job gains does not naturally lead to us stopping buying things.
Amen brotha! (Although Im still over a decade away) 😉
