Tales from the Dome + 1987 Black Monday + Bond and Real Estate Markets
We open with Saints sadness after a night in the Dome. Then on the anniversary of 1987’s Black Monday, we’ll look back at that historic day and how it compares to today’s choppy market. We’ll then take a deep dive into the bond and real estate markets before examining a narrative shift where good news is actually good news again.
Key Takeaways
- [00:17] - The Saints are no longer fun
- [03:45] - Looking back at the crash of 1987
- [07:11] - How today’s choppy market compares to that historic downturn
- [09:53] - The asymmetric bond risk to the positive we’re seeing right now
- [13:15] - Predictions on the Fed raising rates
- [14:48] - Mortgage rates hit 8%
- [21:58] - Is good news good again and bad news bad?
Links
- 36 years ago today was the worst day in the history of the Dow
- The choppiness of the market in just the last week
- Dreams of big bond gains backfire with $10 Billion ETF loss
- The Fed Whisperer on a notable shift from Powell
- Odd Lots: This is what an 8% mortgage means for the housing market
- Active housing inventory levels are increasing but still below pre-pandemic
- Total US Real Estate Price Index (YoY%)
- Job openings/creation, low layoffs, low jobless claims, high bank balances, rising net worth, capex spending = bullish?
- Who consumes the most calories globally?
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Disclosure
The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.
