Market Update | SEPT 27

DID YOU KNOW?

Top Headlines: Delivered by Leonard Steinberg

September 27, 2023

01  These days, about 23 million, or 45%, of all Americans ages 18 - 29 are living with family, roughly the same level as the 1940s.

(Bloomberg)

02  While US gas prices have jumped around 25% - approaching $4 per gallon on average and cause for concern as this fuels inflation and impacts spending power - gas prices in today’s dollars actually peaked at $5.71 per gallon in June 2008.

(WSJ)

03  Some estimates say A.I. could impact as many as 300 million jobs globally. What are YOU doing to A.I-proof your role and profession? (Remember the internet did not replace agents either, it made them better!)

04  Applications refinance home loans jumped 13% last week compared with the prior week. Applications for home purchases increased 2% for the week but were 26% lower than the same week a year ago. The FED did not raise rates yesterday but indicated they would stay higher longer.....and Switzerland indicated its rate hikes may be over.

(CNBC)