Why did profit-hungry banks act so quickly to cut interest rates?
“It’s become a lot harder for banks to dilly-dally and take time with their decisions,” he says.
Then there’s the state of the home loan market, in which banks are still competing quite hard to attract and retain customers. This level of competition probably also put a flame under the backsides of banks when deciding whether to cut their interest rates.
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How I Would Invest $25k If Starting Over
The big killer to any portfolio is too much exposure to a single stock that plummets. It’s the type of thing that looks oh-so-obvious in hindsight because it’s clear after the fact that you bought into a story, not fundamentals.
There have been lots of “stories” in recent years:
- Credit cards will be disrupted by the buy-now-pay-later model
- FICO is being disrupted by new,
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Read MoreThe Ivy
Market Commentary: Is Disney Stock About to Get Nuked?
Disney is a well-known brand that has had a significant impact on popular culture for over a century. It all started with a mouse, but the company has since expanded to include the Star Wars, Marvel, and Pixar brands, as well as streaming services and theme parks.
Despite its success, Disney is no stranger to controversy.
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