Market update | DEC 18

DID YOU KNOW?

Top Headlines: Delivered by Leonard Steinberg

December 18, 2023

01 In the latest University of Michigan consumer sentiment survey the 1-year outlook for the inflation rate slid to 3.1%, down sharply from 4.5% in November and the lowest since March 2021. The 5-year outlook also moved lower, down to 2.8% from 3.2% the previous month.

(CNBC)

02 “Companies are maintaining or even expanding margins because they are not passing these cost cuts onto consumers. The margins are obscene.”

–Albert Edwards, a strategist at Société Générale.

(NY TIMES)

03 Over 60,000 agents left the real estate brokerage industry in the 6 months leading up to May, according to NAR data analyzed by Reventure Consulting, which provides real-time data on the housing market.

04 Palm Springs was cited as the best place to retire in California. The Coachella Valley consists of 9 incorporated cities, from Palm Springs in the west to Coachella in the east and excellent healthcare facilities. While overall taxes are high in the state, the natural beauty and weather of California is undeniable.....and many can afford it.

(Travel And Leisure)

05 As of 2020, the US was ranked 61st out of 237 nations in terms of life expectancy. California - home of Loma Linda, the US’ only official Blue Zone - was found by recent research to be the state most likely to produce more healthy and happy neighborhoods, scoring particularly high with the number of adults getting at least 7 hours of sleep and low with the number of physically inactive people. Its overall rating was 7.03 out of 10. Minnesota was 2nd, Utah 3rd, NOrth Carolina 4th, Massachusetts 5th, Maryland 6th, Virginia 7th, Connecticut 8th, Rhode Island 9th, and Colorado 10th.

(NY POST)