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Market by Marty |
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New and Noteworthy |
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Dollar Gains, Stocks Slip As Fed Officials Talk Tough On Rates The dollar rose and equity markets slid on Thursday after hawkish remarks from a Federal Reserve official that reminded investors a less aggressive monetary policy is unlikely with U.S. employment data still showing a tight labor market. Nagging recession and higher interest rate worries also rattled European markets. (Full Story) |
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Why the Crypto Crash Matters The failure of the cryptocurrency exchange FTX put the entire industry under scrutiny. How could a $32 billion company vaporize overnight? That’s what anyone watching the sudden collapse of FTX, a hot cryptocurrency start-up that plunged into bankruptcy last week, might be puzzling over. Crypto die-hards are trying to distance themselves. (Full Story) |
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Inflation Inflation is coming down hard. And it's coming down a lot faster than I think people thought. Rents are growing but at a much slower pace. The economy is slowing on its own: our $32 trillion deficit could force rates higher. This is self-inflicted suicide! This is a terrible idea and it's not necessary. Look at the savings rate. Look at debt. Look at rents. What are they looking at? (Full Story) |
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Team News |
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Thankful |
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A good team always has your back. Whether times are good or bad (happy or sad), we always stick together and support one another. When you have that kind of foundation, you can really build anything. And we are proud of what we’ve built. This week, we are giving thanks to the people in our lives that always have our back. Our team, our business, our clients, our friends, and our family. |
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Our Properties |
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We are partnering with Block: a home renovation platform that helps you design, plan, and build all in one place. If you are planning a home reno, use Block to get an on-site estimate of costs before you even start. Plus use offer code APKSTEPTXU to get $500 off your materials purchase. Click here for more info. |
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