July Recap 🕓 Looking into August 👀

- The 5 U.S. metro areas with the highest single-family rents                                                                                                                                                                                                                                                                                                                                                                                                                 August 01, 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 [Stocks diverged in August,]( retreating from a July rally due to mixed earnings. The S&P 500 dropped 0.3%, the Dow Jones Industrial Average rose 0.2%, and the Nasdaq Composite slumped 0.4%. [Starbucks (SBUX) had mixed Q3 results,]( beating earnings but missing revenue and same-store sales. Adjusted EPS was $1.00, higher than expected $0.95. Revenue reached a record $9.2 billion, slightly below estimates of $9.3 billion. Same-store sales increased 10%, falling short of the estimated 11.12% growth. [Overstock has rebranded as Bed Bath & Beyond]( in the U.S. CEO Jonathan Johnson explains the change, stating that Overstock had a cumbersome name while Bed Bath & Beyond has a positive reputation. Johnson believes the rebranding has been successful for both customers and suppliers. 🏠Hot or Not? [High home prices, rising mortgage rates, and a lack of fresh listings](deterred 14,000 foreign buyers from purchasing U.S. real estate. International buyers acquired 7.9% fewer residential properties compared to the previous year, as per the National Association of Realtors®. The number of existing homes bought by non-U.S. buyers, totaling 84,600, is the lowest since 2009 when NAR began tracking this data. Foreign buyers accounted for approximately 1.8% of all home sales from April 2022 to March 2023. [6 ‘Beige Flags’ That May Annoy You About Your New Home](—and How To Fix Them [Buying a home is like getting married:]( excitement at making an offer, joy when it's accepted. But then doubts and fears may arise. It's common to have cold feet before a home purchase, but it doesn't mean you made the wrong choice. Your mind is likely overwhelmed with "what-ifs." Crypto Chronicles 💥 [Bitcoin (BTC) is declining in August,]( approaching oversold levels according to a technical indicator. However, historical data suggests the response may be mild. Bitcoin's momentum is plummeting, with its Relative Strength Index (RSI) dropping 47% since June 23. Volatility has also decreased, with the Average True Range (ATR) down 40% over the same period. [Tether's Q2 2023 report shows $3.3B in excess reserves]( and a 30% increase in profits to over $1B. The report, attested by BDO, states that the excess reserves make up 4% of total assets backing Tether tokens. Tether holds $72.5B in US Treasury bills and has assets worth $86.5B with liabilities of $83.2B. [tw profile: Tether] Tether @Tether_to [tw] Tether Excess Reserves increase by 850M to reach $3.3B as Leading Stablecoin Reveals $72.5B overall exposure in US T-Bills and Unveils Energy-Related Investments. Read more 👉 tether.to/en/tether-exce… Jul 31, 2023 467 Likes 124 Retweets 35 Replies [Coinbase-backed layer-2 blockchain Base has attracted millions]( in Ethereum (ETH) ahead of its official launch. Over the weekend, Base witnessed over $200 million in trading volumes and more transactions than established networks like Arbitrum. Traders have flocked to the blockchain in hopes of lucrative returns, particularly from meme coins. For example, during the surge in meme coin BALD, over $68 million worth of Ether was bridged to Base in just 48 hours. Prior to the weekend, daily inflows were only around $500,000 to $700,000. BALD, tradeable through the LeetSwap DEX on Base, experienced a massive surge, skyrocketing by about 4,000,000% from its initial issuance to its peak price. 💸 Money Moves 💰 [The 5 U.S. metro areas with the highest single-family rents](— 3 are in California [Retirement account balances have increased]( substantially for high-income households. These factors help explain why [A.I. is on a collision course with white-collar](, high-paid jobs — and with unknown impact 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]( 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