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Rebel Capitalist News

Consumer Confidence Plummets, New Home Prices Fall, Nvidia Biggest Loss In History

Rebel Capitalist News

George Gammon

Thrive, Wealth, Gold, Finance, Macroeconomics, Education, Protect Wealth, Real Estate, Learn, Business, Investing, Government, Economics, How To

4.71K Ratings

🗓️ 29 January 2025

⏱️ 41 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.✅ Come to Rebel Capitalist Live here https://rebelcapitalistlive.com/   ✅Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro   ✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, fellow Rebel Capital. I hope you were well. So we've got big news today out with

0:06.4

consumer confidence. I'm looking at it right on my screen. And unfortunately, it's plummeting.

0:13.9

Kind of that honeymoon phase with Trump seems to be coming to an end. We'll go over that in just a

0:19.4

moment. Also, new home prices are starting to fall.

0:23.2

I think that's big news with the U.S. economy, especially because our economy is so dependent upon

0:27.9

those home prices. And in video, we've got to talk about that again. The biggest loss in market

0:34.8

cap in stock market history. It's rebounded a little bit today. But yesterday,

0:41.8

it lost the equivalent of an Exxon. In fact, more. It lost almost the equivalent of a Home Depot and a Toyota

0:50.4

in one day. So this just exposes the downside risks in the stock market because it's so

0:58.6

concentrated in the Mag 7. We're going to go over that in just a moment. But before we do,

1:04.2

let's do a screen share and shoot right over to this recent survey. We've got it right here on Bloomberg.

1:12.4

And this is from the conference board survey.

1:16.5

And there's an index they have, and it decreased to 104.

1:19.6

Now, the expectations, let's check that out.

1:22.3

We'll go over to MarketWatch, and we can see it is Tuesday.

1:26.7

So consumer confidence numbers right here highlighted.

1:29.8

The expectation was 106.

1:32.4

We got 104.

1:33.5

It's down from 109.

1:35.6

So this 109 represents last month.

1:39.9

And that's, yay, Trump won.

1:42.1

Oh my gosh.

...

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