Big Tumble in the Stock Market, Home Prices Continue Rise, Bitcoin Options Jumps $3.3 Billion

- used car value are starting to come down                                                                                                                                                                                                                                                                                                                                                                                                                 June 22, 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 [The stock market took a tumble on Thursday as investors grew]( increasingly concerned about the possibility of a recession. The S&P 500 fell 3.2%, while the Dow Jones Industrial Average dropped 2.8%. The Nasdaq Composite Index lost 4.3%. The sell-off was broad-based, with all 11 sectors of the S&P 500 closing in the red. The recession fears were stoked by a number of factors, including rising interest rates, inflation, and the ongoing war in Ukraine. Investors are worried that these factors will weigh on economic growth and corporate earnings. [Tesla bull Adam Jonas warns investors to "wake up"]( from their AI-fueled dream, saying that the company's self-driving technology is still years away from commercialization. Jonas, who has a buy rating on Tesla, says that the company's current self-driving technology is "not ready for prime time" and that investors should temper their expectations. He believes that Tesla will need to make significant progress in the areas of safety and reliability before its self-driving technology can be widely adopted. [Mortgage rates have dipped, but homebuyers are still facing]( a shrinking pool of inventory. The number of homes for sale in May was the lowest on record, and homeowners are choosing to stay put instead of selling. This is making it difficult for buyers to find a home, even with lower mortgage rates. 🏠Hot or Not? [Home prices are expected to continue rising in 2023,]( but at a slower pace than in recent years. Mortgage rates are also expected to remain elevated, making it more expensive to buy a home. Buyers who are willing to wait and forgo some of the competition may be able to find a better deal in 2023. [Existing home prices in the U.S. suffered their biggest drop]( in over a decade in March, as buyers contended with higher mortgage rates and a lack of new listings.The median price for an existing home fell to $366,900 in March, from $370,700 in February. Sales of previously owned homes in the U.S. fell to an annual rate of 4.44 million in March, the National Association of Realtors said Thursday. Crypto Chronicles 💥 [US Federal Agencies Unite to Form "Mini-FBI" for Dark Web Crypto Crime]( In a move to crack down on dark web crypto crime, US federal agencies have united to form a "mini-FBI" dedicated to investigating and prosecuting these crimes. The new unit, called the Joint Cryptocurrency Enforcement Team (JCET), will bring together experts from the FBI, IRS, Secret Service, and other agencies. [Bitcoin options volume jumps to $3.3 billion as price rallies]( to two-month high. Traders are scrambling for bullish bets after the cryptocurrency's sudden rally to nearly $31,000. The surge in options trading suggests that institutional investors are increasingly bullish on bitcoin. 💸 Money Moves 💰 [Used car values are finally starting to come down after months]( of soaring prices. This is good news for buyers, but it could also mean that sellers will have to accept lower offers for their vehicles. If you're in the market for a used car, now is a good time to start shopping around. [Auto repair shop owner Miles Walker retaliated against a former employee]( by paying him $915 in dirty, oily pennies. He was ordered to pay the employee $39,934 in back wages and liquidated damages, and was also found to have violated Fair Labor Standards Act overtime provisions. [Taxpayers rejoice! The IRS reports that the 2023 tax season](was a vast improvement over 2022. Refunds arrived more quickly, customer service improved, and the backlog of paper returns was significantly reduced. 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! 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