Likelihood of recession increase, Mortgage Rates Drop, Meme Coin Drops 45%

- are you a big city vibe or small town                                                                                                                                                                                                                                                                                                                                                                                                                 June 19, 2023 | [Read Online]( Check this out: - Trend Tracker - Up To Date News and Trends On The Stock Market 📈 - Hot or Not? - All Your Real Estate Needs 🏠- Crypto Chronicles - Basically the Avengers of Crypto! How Cool Is That? 🦸‍♂️ - Money Moves - Who doesn’t wanting to be making money moves? Latest on your Personal Finance. 📈 Trend Tracker [Last week's stock market rally continued, with Nasdaq Composite]( securing its 8th consecutive winning week and S&P 500 making a 2.5% gain. This week, investors will focus on Fed Chair Jay Powell's testimony and FedEx's earnings as indicators of economic activity. Confirmation hearings for Fed Governors Lisa Cook and Philip Jefferson will also take place. [Oil prices dropped on Monday due to concerns](about China's economy, overshadowing OPEC+ output cuts and declining oil and gas rigs in the US. Brent crude settled at $76.13 a barrel, down 0.6%, while WTI crude was at $71.29, down 0.7%. The market is closely watching China's economic performance and the effectiveness of its stimulus measures, along with the global economy's ability to avoid a slowdown. Rising Iranian oil exports and bearish sentiment among traders also contributed to the decline, although analysts still anticipate significant deficits in the coming months. [Could the Fed have increased the likelihood of a recession from consecutive rate hikes in 2023?]( Insigneo Chief Investment Officer Ahmed Riesgo joins Yahoo Finance Live to break down recent market rallies and the [inflation outlook]( after the Fed voted to pause interest rates. 🏠Hot or Not? [Builder confidence has reached positive territory,]( indicating a favorable market for homebuilders. Factors contributing to this include increased foot traffic from homebuyers, limited competition from resale homes, and an improved supply chain. While challenges remain, such as project financing, builders are cautiously optimistic due to low inventory levels and supply chain improvements. [Mortgage rates dropped after the Federal Reserve's decision]( to not raise interest rates. Median listing prices also decreased by 0.9% compared to last year, offering opportunities for homebuyers. However, home prices remain high, inventory is up 10%, and homes are staying on the market longer, creating barriers to homeownership. [Small towns in America are attracting city dwellers]( who are tired of the high cost of living and fast-paced lifestyle. These towns offer a simpler life, friendly communities, and affordable housing. [Realtor.com]( has compiled a list of the most affordable small towns with desirable qualities, including Cortland, NY, Kearney, NE, Branson, MO, Sandusky, OH, Galesburg, IL, Aberdeen, SD, Rutland, VT, Iron Mountain, MI, New Ulm, MN, and Taos, NM. Each town has its own unique charm and attractions while providing a more affordable and peaceful lifestyle. Crypto Chronicles 💥 [Cryptocurrency exchange Crypto.com is facing scrutiny ove](r its internal trading activities. The company allegedly operates proprietary trading and market-making teams, leading to concerns about conflicts of interest. [Crypto.com]( denies instructing employees to lie and asserts that its internal market maker operates similarly to external market makers on its platform. [The price of meme coin BOB dropped by 45%]( when Twitter suspended its popular automated bot, following Elon Musk's accusation of it being a scam. Another bot, @AskTheWassie, was also suspended. Musk warned against promoting scams disguised as humorous or helpful bots. [Developers are considering a significant increase in the limit for Ethereum]( validator nodes due to longer waiting times and high interest. The proposal suggests raising the limit from 32 ETH to 2,048 ETH, prompting entities like Lido and crypto exchanges to set up multiple validator nodes. The proposal is currently being debated and not actively worked on. 💸 Money Moves 💰 [Is deflation good or bad?]( Here's how it relates to inflation (and your wallet) [What is the official full retirement age?]( What to know about what age you can retire [This map shows how much money renters]( in every state need to earn to afford a 2-bedroom apartment You got it! Alright, financial mavericks, it's time to wrap up today's discussion. But fear not, we can keep the conversation going like the true money mavericks we are. Share Financial Maverick Calling all Financial Mavericks! To help out a family and friend in need by sharing this newsletter. Tell you what if you ever wanted to be a Hero, Financial Guru, or a Nice Person this is your time! [Click to Share](https:?utm_source=blog.financialmaverick.com&utm_medium=newsletter&utm_campaign=likelihood-of-recession-increase-mortgage-rates-drop-meme-coin-drops-45) Did today's newsletter hit the spot? 😉 - [Heck Yeah! Money Moves!]( - [Nah! Was More like Financial Dumpster]( DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.  [fb]( [tw]( [ig]( Update your email preferences or unsubscribe [here]( © Financial Maverick 19354 Watermark Drive, Suite 202 Cornelius, North Carolina 28031, United States