Rate-wait fades, Gen Z veterans are ready to buy now: survey
- Key Insight: How young veterans are altering their homebuying timelines in a high-rate environment.
- Supporting Data: Only 32% of prospective homebuyers would wait for mortgage rates to fall before buying a home.
Fewer prospective homebuyers are holding out for lower mortgage rates, and young veterans are leading the shift to buying now,
» Read more about: Rate-wait fades, Gen Z veterans are ready to buy now: survey »
Read MoreBlaming rates, Flagstar says turnaround will take more time
- Key insight: Flagstar Bank said the completion of its strategic overhaul will be achieved in 2028, not 2027 as previously planned, due to the impacts of higher interest rates and inflationary pressure.
- What’s at stake: The New York-based regional bank, which nearly collapsed in 2024, said deposit growth will be a key factor in the success of its efforts to diversify its balance sheet.
» Read more about: Blaming rates, Flagstar says turnaround will take more time »
Read More10% Of S&P 500 Stocks Sink Into 'Lost Decade' — Do You Own Them?
“Stocks always go up,” is a popular adage during an S&P 500 bull market. Too bad it isn’t true. Roughly a tenth of the stocks in the S&P 500 are down in the past 10 years, says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge.
» Read more about: 10% Of S&P 500 Stocks Sink Into 'Lost Decade' — Do You Own Them? »
Read MoreChina's Stock Market Has Lost $2.4 Trillion as Investors Doubt Its AI Boom Will Ever Pay Off
In brief
- Stocks on China’s mainland have lost about $2.4 trillion in market value since May, and the STAR 50 index of tech and chip companies is down 40% in under four months.
- AI companies make up 42% of the market value of Chinese shares and 57% of trading,
The Burst
Don’t Be Fooled By Gold
Gold has been on a tear in recent months and rightly so, it seems, looking at macro events. What started as an Israeli-Palestine conflict has escalated to include Iran, which in turn is leading to speculation that the US may be get involved, and by then war appears to be a real possibility. Worse still are the prospects for further expansion if other countries are brought into the fray,
» Read more about: Don’t Be Fooled By Gold »
Read MoreThe Ivy
Buffett Dives Into Pool: Uncovering the Oracle’s Latest Surprise Bet
News just came out that Warren Buffett was back in the market buying again and this time the stock comes as a bit of a surprise, it’s Pool Corp.
On the back of the news, Pool share price popped 3% as a stampede of buyers flooded in after the Oracle of Omaha. So what is it about this swimming pool supplies company that has piqued the interest of the 93 year old billionaire?
» Read more about: Buffett Dives Into Pool: Uncovering the Oracle’s Latest Surprise Bet »
Read MoreThe Spotlight
Top 3 Healthcare Stocks In Cathie Wood’s Flagship ETF
To say the least, this year hasn’t been kind to Cathie Wood’s “disruptive innovation” investment strategy and her ARK funds. Unfortunately for investors of ARKK, the ETF has been a massive letdown this year, sinking nearly 53% thus far — much worse than the S&P 500, which is down almost 18% year to date.
» Read more about: Top 3 Healthcare Stocks In Cathie Wood’s Flagship ETF »