sean nguyen retweetledi
sean nguyen
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sean nguyen retweetledi
sean nguyen retweetledi
sean nguyen retweetledi
sean nguyen retweetledi

sean nguyen retweetledi
sean nguyen retweetledi

BREAKING: Average interest rate on a 30-year mortgage rises to 8.09%, its highest since July 2000.
Mortgage rates are now up for 7 straight weeks in their historic run higher.
Currently, 9.5% of all mortgage applications are for ARMs, the highest since November 2022.
The surge in ARMs means many homebuyers are betting on lower rates in the future.
Just over 2 years ago, mortgage rates hit a historic low of 2.6%.
Now, rates are over 3 times higher and continue to rise sharply.
Affordability is only getting worse.

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sean nguyen retweetledi

JUST IN: The S&P 500 has officially erased $4 trillion in market value since its July 27th high.
In 3 months, the S&P 500 has dropped 430 points and stands less than 1% away from correction territory.
The exact top in the S&P 500 came on the same day that Fed removed a recession from their forecast.
As markets fall to their lowest levels since May 2023, we are in a much different environment.
Last time the S&P 500 was at current levels, 3 rate CUTS were priced-in for 2023.
Now, rates are higher and futures are no longer showing rate cuts until July 2024.
Are stocks pricing-in a recession?

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sean nguyen retweetledi
sean nguyen retweetledi
sean nguyen retweetledi
sean nguyen retweetledi

Jack-in-the-box employee shoots at customers from over missing curly fries in Houston 👀 twitter.com/ClownWorld_/st…
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sean nguyen retweetledi

Live cattle just closed at their highest price on record and are now up ~20% this year alone.
Meanwhile, olive oil prices are up 100% and orange juice prices are up 70% this year.
Inflation on food away from home stands at 6.5% and inflation on meats, poultry, fish, and eggs is at 6.0%.
All as oil prices are back above $90.00 and gas prices are approaching $4.00.
Inflation on many basic necessities is still well above 5%.
The fight against inflation has a long way to go.

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sean nguyen retweetledi

BREAKING: Average interest rate on a 30-year mortgage rises to 7.75%, the highest since November 2000.
This officially more than a whole percentage point above the 2008 highs.
Mortgage rates are now up 500 basis points in just over 3 years.
The payment on a $500,000 mortgage has gone from $2,000/month to $3,600/month.
That’s an 80% increase not including taxes and insurance.
How can this end well?

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sean nguyen retweetledi
sean nguyen retweetledi
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