🔮 Goldman's housing market predictions

Inflation finally took a day off | One EV maker posted electric results | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for November 11th in 3:10 minutes. 🕺 If there’s anything better than a two-day investing masterclass with the biggest names in finance, it’s a happenin’ after-party with a fun-loving group of Finimizers. Well, be one of the first 500 to [grab a free summit ticket]( before midnight on Monday the 14th, and you could win one of the last [ten in-person London Summit and after-party tickets]( too. [Register here]( Today's big stories - Get the balloons ready: inflation cooled by more than expected in October - Here's why we could be headed for a new housing market crisis – [Read Now]( - EV maker Rivian hit the gas, and gave a better-than-expected results update Surprise Party [Surprise Party] What’s Going On Here? Data out on Thursday [showed]( that US consumer prices rose by less than expected last month, so it might be time to carefully dig out the balloon arch. What Does This Mean? The Federal Reserve (the Fed) has hiked interest rates by a strapping 0.75 percentage points four times in a row now, in an increasingly desperate bid to bring runaway price rises down to a gentle stroll. Definitely monotonous, but maybe effective: used car prices were 2% lower last month than the one before, and a record drop in headache-inducing health insurance costs led to the steepest slide in the price of medical care services in over fifty years. And even the uptick in stomach-turning food prices finally took a breather. So sure, there was the biggest monthly jump in accommodation costs for three decades, but that wasn’t enough to kill the vibe: overall US consumer prices rose a lower-than-expected 0.4% in October from the month before, and just 7.7% compared to the year before – the lowest year-on-year increase since January. Why Should I Care? For markets: Pause the tunes. Best wait a while until you post your party invites: the Fed said earlier this month that it’s hoping to see a pattern of weakening monthly inflation, and warned that peak rates will probably float even higher than they were initially expecting. But investors must be covering their ears: markets are already anticipating a smaller stock-friendly hike in December, which might be why the S&P 500 ticked up 4% after the news. Zooming out: Hope for the best, expect the… best. Looks like that optimism’s jumped across the pond: the eurozone’s inflation hit a historic high of nearly 11% last month, but one member of the European Central Bank – presumably donning intensely rose-tinted glasses – [believes]( the region’s price rises could start slimming down. Still, the situation they’re hanging their hat on to make that happen – a peaceful resolution to the war in Ukraine – is far from guaranteed. You might also like: [This indicator says inflation might soon collapse.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Surprise Party&utm_campaign=daily-global-11-11-2022&utm_source=email) Analyst Take Goldman Sees Global Home Prices Swaying [Goldman Sees Global Home Prices Swaying]( By Luke Suddards, Analyst With interest rates rising from the hardwood floors to the vaulted ceilings, global housing markets have been [feeling the pressure](. And that’s prompting worries that [a wave of defaults]( might collapse this important economic sector and create a crisis. Well, Goldman Sachs has just published an [in-depth report]( on housing sectors around the world, with a country-by-country [look at the risks](. So that’s today’s Insight: [the key takeaways from Goldman’s global housing report](. [Read or listen to the Insight here]( Finimize x Revolut Pretty good stuff, right? Our analysts write Insights like this every day, and you can read every single one of them with [Finimize Premium](. There’s no better time to get started: our new partnership means you can get [six free months of Finimize Premium]( and [three free months of Revolut Premium]( if you [sign up for Revolut today](. We’ll even send you £10 (or equivalent) to your Revolut account to get you started. Win one of our last 10 tickets… Tickets to our [in-person London Summit session]( have almost sold out. No surprise there: this year’s [Modern Investor Summit]( is set to be a jam-packed two days of workshops, fireside chats, and Q&A sessions with some of [the biggest names in finance](. Thousands of Finimizers have already grabbed their tickets, so they’ll soon find out [how to build a resilient portfolio]( that could set them up for a lifetime of financial freedom. You’ll have to be quick if you want to join them: the [in-person London session]( – which includes an exclusive after-party – has nearly sold out, and we’re about to give away [the final 10 tickets](. Be one of the first 500 to RSVP before midnight on Monday the 14th, and you could [win one of the last tickets to our London summit sessions and after-party](. Remember to bring your dancing shoes. [Grab Your Ticket]( Young, Hot, Fast, And Electric [Young, Hot, Fast, And Electric] What’s Going On Here? EV maker Rivian [gave]( it some gas this week, announcing a quarterly results update that made investors take notice. What Does This Mean? Supply snags have been a pretty unshakeable thorn in the EV industry’s side this year, so investors were probably worried that Rivian’s wound would still be sore to touch. But there was no need to be squeamish: the EV maker made 67% more cars this quarter than the last, with over 7,000 of them passing through the production line this time round. And that wasn’t the only promising number: demand’s fit as a fiddle too, with pre-orders of the firm’s R1 cars climbing a tidy 16%. All in all, then, Rivian posted a smaller-than-expected loss, and doubled down on its full-year production target of 25,000 cars. That optimism was infectious: investors sent the firm’s shares up 7% when the news broke. Why Should I Care? For markets: No one’s taking risks. Despite that vote of confidence, Rivian’s shares are still down 70% over the last year. Mind you, that makes sense: with interest rates on the up and a recession nearing, investors are seeking safer harbors – you know, like businesses that are actually making money. Rivian’s just not there yet: it has a comfy cash cushion, sure, but it really needs to scale up if it wants to shrink its costs and inch toward making profit. After all, analysts estimate each $81,000 vehicle cost a staggering average of $220,000 to make last quarter. The bigger picture: Mining drags its heels. Good news: the International Energy Agency believes that investment in oil extraction is low enough to bring us close to the net-zero pathway. Bad news: the mining sector could slow us down. See, some of the crucial materials needed to make batteries for eco-friendly EVs are in short supply – and the industry’s spending less than half what it did a decade ago on discovering those all-important deposits. You might also like: [What investors are getting wrong about the EV market right now.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Young, Hot, Fast, And Electric&utm_campaign=daily-global-11-11-2022&utm_source=email) 💬 Quote of the day “The really frightening thing about middle age is that you know you’ll grow out of it.” – Doris Day (an American actress and singer) [Tweet this]( Connect your brand with the next generation of investors Our one-million-strong international [financial community]( has some big plans. 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