PUL$E: Magnificent 7 - Living On A Prayer

As the economy marches forward, it's starting to feel like we're living on a prayer. Today, only 7 stocks are holding up the S&P 500. Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta Platforms are up 92% on the year, while the other 493 are struggling. In other words, there is not a lot holding the stock market together.

Treasury yields look more attractive as stocks climb on very little value, and investors begin to worry about the outlook for 2024.

The Fed is expected to hold rates steady at the November meeting.

Fed Expected To Hold Rates Steady At November Meeting

Based on recent comments from officials and movements in debt yields, the Fed is expected to hold interest rates steady at its next meeting on November 1.

ForbesSimon Moore

That said, recessions don't typically take full effect until we have "stopped" raising rates.

In the wise words of Bon Jovi,

"Whoa, we're half way there
Whoa oh, livin' on a prayer
Take my hand, we'll make it, I swear
Whoa oh, livin' on a prayer

But, as entrepreneurs, we should be getting our house in order because the time to capitalize on the repricing of businesses and real estate is around the corner.

The Real Reason Why The Market Hasn't Crashed...YET

Best,

Samson

PUL$E: US Economy in 2024: Banks’ Insights & Looming Bad Debts

As we approach 2024, the health of the US economy hinges on the amount consumers have saved, the quality of credit, and the looming specter of future bad debts. Consumer Savings and Deposits In the aftermath of the COVID-19 pandemic, the Federal Reserve’s weekly report reveals a remarkable $17.4

Pain to Profit$Samson Jagoras

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