Volatility is back!

And more bad news for housing

Wednesday, July 24th ______________________________________________________ "I don’t like the clean-shaven boy with the necktie and the good job. I like desperate men, men with broken teeth and broken minds and broken ways. They interest me. They are full of surprises and explosions." - Charles Bukowski ______________________________________________________ Markets Today   🌏 Asia-Pacific: Down 🇪🇺 Europe: Down 🇺🇸 United States: Down 🛢️ Oil: Down ⚡ Crypto: Up​​​​ ______________________________________________________ Major Market Events    • Home sales freeze...again! Yesterday, it was existing homes. Now it's new homes. (link)   • Volatility is back! It was a long slow summer (link)   • How much longer can OpenAI exist: ​They're burning money like a California wildfire (link) ______________________________________________________ 🤔 My Thoughts    Yesterday, existing home sales fell hard. Today, new home sales fell hard. As it stands, the housing market is pretty much grinding to a halt. Another data point to consider: In June, 14.9% of all home transactions that went under contract were canceled before closing. That's the highest since 2020, which was the highest since the GFC. So, the housing market is not looking good.  To Better Trading, Alex Reid Wealthpin   WealthPin

Wednesday, July 24th ______________________________________________________ "I don’t like the clean-shaven boy with the necktie and the good job. I like desperate men, men with broken teeth and broken minds and broken ways. They interest me. They are full of surprises and explosions."   - Charles Bukowski ______________________________________________________ Markets Today   🌏 Asia-Pacific: Down 🇪🇺 Europe: Down 🇺🇸 United States: Down 🛢️ Oil: Down ⚡ Crypto: Up​​​​ ______________________________________________________ Major Market Events    Home sales freeze...again! Yesterday, it was existing homes. Now it's new homes. (link)   Volatility is back! It was a long slow summer (link)   How much longer can OpenAI exist: ​They're burning money like a California wildfire (link) ______________________________________________________ 🤔 My Thoughts    Yesterday, existing home sales fell hard. Today, new home sales fell hard. As it stands, the housing market is pretty much grinding to a halt. Another data point to consider:   In June, 14.9% of all home transactions that went under contract were canceled before closing. That's the highest since 2020, which was the highest since the GFC. So, the housing market is not looking good.  To Better Trading,   Alex Reid Wealthpin WealthPin

A Wealthpin Publication ABOUT US: Wealthpin is a publishing and education company. We believe that the best manager of your money is YOU and we want to give you great research to help you do that. Our goal is to uncover cutting-edge investment ideas and share them with you in a way that’s clear and useful.  Our  investment research is typically focused on undervalued stocks, high dividends and major growth potential. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpin  are for your informational purposes only. Neither Wealthpin  nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpin is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit https://wealthpin.com/terms-of-use/ for our full Terms and Conditions. Unsubscribe This email was sent to penunggangbadai.moneyblog@blogger.com by Wealthpin 101 Marketside Ave, STE 404, PMB 318 | Ponte Vedra | FL | 32081 WealthPin

A Wealthpin Publication   ABOUT US: Wealthpin is a publishing and education company. We believe that the best manager of your money is YOU and we want to give you great research to help you do that. Our goal is to uncover cutting-edge investment ideas and share them with you in a way that’s clear and useful.  Our  investment research is typically focused on undervalued stocks, high dividends and major growth potential.   DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpin  are for your informational purposes only. Neither Wealthpin  nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk.   DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpin is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit https://wealthpin.com/terms-of-use/ for our full Terms and Conditions.   Unsubscribe This email was sent to penunggangbadai.moneyblog@blogger.com by Wealthpin 101 Marketside Ave, STE 404, PMB 318 | Ponte Vedra | FL | 32081 WealthPin

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