1-4-2023 – Higher Mortgage Rates and Consumer Worries Are Hitting Home Prices
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 5 January 2023
⏱️ 47 minutes
🧾️ Download transcript
Summary
Home prices are falling into a deep winter chill, as higher mortgage rates push more buyers to the sidelines.
Today's Stocks & Topics: BP - BP PLC ADR, AAPL - Apple Inc., TWI - Titan International Inc., NTB - Bank of Butterfield Ltd., Money Market Mutual Funds, PCOXX - Federated Hermes Prime Cash Obligations Fund Wealth, HBI - Hanesbrands Inc., CMCO - Columbus McKinnon Corp., SHOP - Shopify Inc. Cl A, VBR - Vanguard Small-Cap Value ETF, PSCE - Invesco S&P SmallCap Energy ETF, Tech Sector Layoffs.
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Transcript
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| 0:00.0 | This is Invest Talk, independent thinking, shared success. |
| 0:08.9 | Just and client and Steve Peasley, stand ready to take your finance and investment questions |
| 0:14.2 | and share their unbiased answers. |
| 0:17.6 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving |
| 0:23.2 | clients throughout the United States. |
| 0:26.1 | The clarity for your path forward starts now. |
| 0:30.4 | Here is KPP Chief Executive Officer, Financial Advisor, Justin Klein. |
| 0:38.1 | Good afternoon fellow investors and welcome back to Invest Talk. |
| 0:42.7 | This is our Wednesday January 4, 2023 edition and New Year's Eve has come and gone and |
| 0:50.5 | we started the new trading year and one thing is almost certain for this year that it's |
| 0:57.0 | not going to be the same as last year. |
| 0:59.4 | Too many people do that right, they extrapolate the recent past and they think that's going |
| 1:05.0 | to be like the recent, you know, the near future and usually that's not true. |
| 1:12.5 | Just look at the beginning of last year, it was 2022 different than 2021, you bet it was. |
| 1:26.5 | And so you have to reassess everything as we enter this new year and the best sectors |
| 1:36.1 | of last year, good chance, aren't the best sectors this year and vice versa, right? |
| 1:42.1 | The worst sectors are probably also not going to be the worst sectors this year. |
| 1:48.4 | And asset classes where our bonds long term bonds going to fall by a third, probably not. |
| 1:57.6 | May have a decent year for bonds, may have a more normal year where maybe bonds up a little, |
| 2:01.9 | stocks down a little or vice versa, but it's probably not going to be a year where both |
| 2:09.6 | equities and bonds are down over 20% pretty rare. |
| 2:17.3 | So as we enter this new year, you have to make sure that you look at the big picture and |
... |
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