🏠How a Computer Program Almost Blew Up the Housing Market🏠

Good morning. More details are coming in about Zillow Group (Z) discontinuing its home-buying... It’s the monthly jobs numbers today and they’re not going to be pretty and will be possibly the tip of the iceberg as we head into May. [Trading Tips] Good morning. More details are coming in about Zillow Group (Z) discontinuing its home-buying operation, which made the company considerable money back in the spring. Apparently, the company was using an algorithm when determining how much to pay for homes, rather than having some humans with real estate experience take a look over the numbers to see if they made sense. The company has started to sell off some of the thousands of homes it bought earlier in the year, in the hopes of creating a large-scale buy-and-flip business. But by overpaying slightly to get in, the company set itself up to lose money on potentially all its later trades, even as it was able to show a paper profit from higher home values on earlier purchases. At least the plug was pulled before we saw another housing market bubble pop. Now here's the rest of the news: Sponsored Content [Man Who Predicted 2008 Crash: “The Mother of All Crashes is Coming”]( If you've watched the movie The Big Short, you've heard of Michael Burry. He was one of the few who not only predicated the 2008 crash but profited from it. His next big prediction? He's warning the "mother of all crashes" is coming. If you have any money in the markets, I urge you to [click here and get the exact day of the next stock market crash.]( MARKETS DOW 35,931.05 -0.58% S&P 4,688.67 -0.26% NASDAQ 15,921.57 -0.33% *As of market close • Stocks took a breather on Wednesday, even after more retail companies reported earnings. • Oil fell 2.8 percent, closing at $78.47 per barrel. • Gold rose 0.8 percent, last going for $1,868 per ounce. • Cryptocurrencies were mixed, with Bitcoin at $60,204 at the market close. Today’s TOP TIPS [Supply Chain Issues Aside… Consumers Are Back for the Holidays]( The week has started off with some numbers showing that consumers are spending at an increased rate going into the holiday season. And the third-quarter earnings of retailers are showing solid numbers too. WalMart (WMT) has joined in by reporting higher estimates for the fourth quarter of the year with its most recent earnings report. While shares sold off despite a beat in earnings and revenues, they may yet trend higher. » [FULL STORY]( [Insider Trading Report: SmartRent (SMRT)]( Bruce Strhom, a director at SmartRent (SMRT), recently picked up 10,000 shares. The buy increased his holdings by 50 percent, and came to a total purchase price of $110,000. This is the director’s third buy in the past three months. The prior two buys were also for 10,000 shares each, albeit at slightly higher prices. These three buys mark the only insider activity since the company went public earlier in the year. » [FULL STORY]( [Unusual Options Activity: Hilton Worldwide Holdings (HLT)]( Shares of hotel chain Hilton Worldwide Holdings (HLT) have been gradually rising over the past year. One trader is betting that the steady move higher will continue over the next year. That’s based on the January 2023 $150 calls. With 428 days until expiation, 8,790 contracts traded against a prior open interest of 155, marking a 57-fold jump in volume. The buyer of the calls paid $16.15 for the trade. » [FULL STORY]( IN OTHER NEWS • [Thanksgiving Staples Already Out of Stock]( Retailers are reporting either low stock or no stock for several Thanksgiving Day staples compared to this same time last year. Turkeys are around 64 percent of stock, compared to 86 percent at this time last year. Typically, retailers like to have a 95 percent in stock rate. • [Biden Teases Fed Chairman Pick]( President Biden has stated that he will soon reveal his pick to head the Federal Reserve. Betting markets see the likelihood that current chairman Jerome Powell will stay on, but a number of other names have been floated in recent days. All are likely to continue the Fed on its current course of tapering its bond purchases. • [Business Travel Demand Set to Soar]( Travel for business has increased slightly this year, albeit at a slower rate than originally expected. Now, business travel is expected to reach its pre-pandemic levels by 2024, with a continued rise next year based on the latest industry data. • [Biden Asks FTC to Probe Energy Industry]( President Biden has written to the Federal Trade Commission, alleging that rising gasoline prices are a result of illegal conduct rather than the laws of supply and demand. The president has called for an investigation into these companies. • [Apple Announces Self-Service Repair]( Apple (AAPL) has announced a Self Service Repair program, which will allow customers to make common repairs on devices from home. The company will provide “Apple genuine” tools and components, and will offer about 200 parts and tools for consumers to start. S&P 500 MOVERS TOP TJX 6.273% MRNA 3.923% TSLA 3.643% GM 3.178% CCI 2.941% BOTTOM APA 6.533% V 4.889% GPS 4.809% TGT 4.719% PYPL 4.581% Quote of the Day US stocks rallied after an impressive retail sales report, solid industrial production data, and retail earnings showed the consumer is handling the current pricing increases. All signs are pointing to a very strong holiday season for retailers and that should help keep sending stocks higher. - Edward Moya, senior market analyst at Oanda, on why the stock market will likely perform well going into the end of the year on the back of solid retail and consumer data. Sponsored Content [Man Who Predicted 2008 Crash: “The Mother of All Crashes is Coming”]( If you've watched the movie The Big Short, you've heard of Michael Burry. He was one of the few who not only predicated the 2008 crash but profited from it. His next big prediction? He's warning the "mother of all crashes" is coming. If you have any money in the markets, I urge you to [click here and get the exact day of the next stock market crash.]( Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: [Warren Buffett's Top 5 Stocks]( | [10 Great Stocks Under $10]( | [7 High Yield Dividend Stocks]( › Step #2 - Join Our Premium Advisory: [The Next Superstock]( › Step #3 - Claim Your Free Copy Of: [Big Book Of Chart Patterns]( | [How to Trade Weekly Options For Weekly Income]( We just wanted to take a moment and say thank you so much for being part of our family! 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