Beside the housing crash coming, financials, look at the tech companies. Dotcom all over…

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Change the view to last 5 years… Just a quick sample.

SNAP
https://www.cnbc.com/quotes/SNAP/

NVIDIA
https://www.cnbc.com/quotes/NVDA?qsearchterm=nvidia

META/FACEBOOK
https://www.cnbc.com/quotes/META?qsearchterm=facebook

All over 4% (Probably Nothing)

An often-overlooked economic measure is signaling serious trouble ahead

  • The Conference Board’s Leading Economic Indicators index indicated that conditions worsened in September.
  • While not usually considered a major data point, the LEI, combined with Fed rate hikes, is signaling trouble for the economy.
  • “We went from a Fed that was way too easy to being irresponsibly tight,” said Joseph LaVorgna, chief U.S. economist at SMBC Capital Markets.

The housing crisis continues: Cost of a long-term mortgage now tops 6.94% – the highest rate since 2002 – and it’s leading to steep decline in home sales, experts say

According to the National Association of Realtors in its report. Compared to the peak in October 2020, existing home sales were down 30%

 

h/t John Dutton