Oil Drops, Yields Jump, Warsh Punishes The Economy, and The Housing Market Freeze | Money Moves
The recent Federal Reserve rate hike has sent shockwaves through the bond market, pushing the 10-year Treasury yield to highs not seen since 2007. This sudden rise in borrowing costs has priced many potential buyers out of the housing market while severely tightening the cost of capital for real estate investors and businesses.
Despite these broader macroeconomic headwinds, the artificial intelligence and semiconductor sectors continue to experience massive rallies, effectively keeping the stock market afloat. We also explore the five sequential phases of a real estate market correction and…
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