Schwab Network
4,326 episodes - English - Latest episode: 13 days ago - ★★★★★ - 23 ratingsSchwab Network is brought to you by Charles Schwab Media Productions Company (CSMPC), a subsidiary of The Charles Schwab Corporation and not a financial advisor, registered investment advisor, broker, or futures commission merchant. THE SCHWAB NETWORK SITE, CONTENT, APPS, and RELATED SERVICES, ARE ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES. Not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction. ©2024 CSMPC. All rights reserved.
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Episodes
BioXcel Therapeutics (BTAI) Uses A.I. To Discover New Drug Candidates
February 17, 2023 20:35 - 6 minutes - 58.2 MBBioXcel Therapeutics (BTAI) is a commercial-stage biopharmaceutical company that utilizes A.I. to develop medicines in neuroscience and immuno-oncology. Last year, the FDA approved BioXcel’s agitation drug, IGALMI. It was the result of BioXcel’s big data approach in using its own A.I. engine to scan hundreds of thousands of data points to identify new therapeutic opportunities for drugs that have typically been found safe but were not shown to be effective for other indications. CEO Dr. Vi...
Natural Gas Price: As Vertical As The Market Gets
February 17, 2023 19:54 - 10 minutes - 71.5 MB"The markets have been contained and everything is tethered to what people think that the Federal Reserve is doing. I am glad that I am not a macro trader. Most price activity is random and regressive around value. The market is trying to determine what value is currently. Natural gas is the anthesis of what we are seeing as it is as vertical as the market ever gets. For crude oil, I would look at around a $72 price target," says Tom Alexander.
Volatility Until The Second Quarter When It Slows Down
February 17, 2023 19:23 - 9 minutes - 97.2 MBThe U.S. Dollar is moving higher along with yields. "The hot employment number can be explained by seasonality and weather. However, the Federal Reserve speakers are driving down the market. Therefore, the stock market is scared today. I think things will slowdown in the second quarter and yields will revert back lower. Also, equities will establish a better bid. I am also watching the housing and energy markets," says Andrew Brenner.
Given All Of The Hot Inflationary Data, The Market Is Still Holding On
February 17, 2023 18:54 - 8 minutes - 92.4 MB"All of the inflationary data is coming in red hot. The U.S. Dollar price is back up, not only due to potential 25BPS interest rate hikes, but 50BPS. The retail sales number was a surprise. Given all of this, the market is holding on. The ECB member, Schnabel, stated that they may have to act more forcefully. There is the same theme for the global economy," says Scott Bauer.
Saving For Retirement Without A 401K
February 17, 2023 15:48 - 6 minutes - 67.5 MB"In a Traditional IRA, contributions may be tax-deductible and earnings grow tax-deferred. Withdraw funds penalty-free after the age of 59 and a half but pay ordinary income taxes. In a Roth IRA, there is no upfront tax deduction, earnings grow tax-free, and withdrawals are tax-free after the age of 59 and a half. For someone that is self-employed, a SEP IRA can give more than a Traditional or a Roth IRA and allows for higher annual contribution limits," says Carrie Schwab-Pomerantz.
Stock Market Today: ROKU, CISCO Up & SHOP Down
February 16, 2023 23:24 - 3 minutes - 53.7 MBDow Jones today finished in the red along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 200. Overall, markets slumped after the PPI number came in higher than expected. Next, Renita Young weighs in on Roku Inc. (ROKU) stock price rallying after their earnings bear and plans to cut expenses. Cisco Systems (CISCO) beat on earnings and raised guidance. On the other hand, Shopify (SHOP) shares fell as the company outlook disappointed.
Earnings Released: DraftKings (DKNG)
February 16, 2023 23:16 - 5 minutes - 63.4 MBThe DraftKings (DKNG) stock is up in the post-market session after their earnings report was released. The sports betting company reported record revenue. DraftKings lost $0.53 per share in the quarter versus the estimate of $0.59. DraftKings also improved its projections for full-year 2023 Adjusted EBITDA. "I am very pleased with how we concluded 2022, with continued top-line growth and a strong focus on expense management,” DraftKings CEO and co-founder Jason Robins said in a release.
Tesla (TSLA) Recalls Cars To Fix Self-Driving Beta Software
February 16, 2023 22:56 - 3 minutes - 35.3 MBTesla (TSLA) recalls 362,800 cars to fix the self-driving beta software. The recall is the latest development in an ongoing investigation into Tesla safety issues. "We heard from the National Highway Administration that some Tesla vehicles in specific circumstances could violate traffic laws and increase the risk of collision. Tesla has stated that they still need a driver to operate the vehicle as it is not fully autonomous," says Jenny Horne.
Battle Between Inflation & Economic Growth
February 16, 2023 22:38 - 7 minutes - 68.6 MB"Battling the inflationary aspect versus the growth aspect. The stickiness of wages and a strong jobs market makes things problematic. What is happening now in the Fed Fund's Terminal Rate? For the Federal Reserve to take control, they will have to have destruction on the demand side. A 50BPS interest rake hike is on the table now with the latest inflation reports. Investors need to be prepared and diversify their portfolios," says Matt Lloyd.
Blowout Job Growth Globally
February 16, 2023 22:02 - 7 minutes - 65.3 MB"The debate over the existence of a global recession may be missing an important inflection point in the global economic cycle: a trough in global manufacturing. While the global service sector has seen a boom post-pandemic, manufacturing activity has been slowing for over a year now and slipping into recession, based on the PMI survey of manufacturing business leaders, global exports of manufactured goods and revenue for manufacturing firms. But now, some signs have emerged that growth is...
Burn The Boats By Matt Higgins - No Plan B, You Can Achieve Your Goals
February 16, 2023 20:49 - 11 minutes - 134 MBThe book, "Burn the Boats" by Matt Higgins is available now. "I decided to write a book about the science and psychology on why we hesitate to go all in. It is for people that have anxiety and fear to achieve what they want. How is the current economic climate impacting the direct-to-consumer sector? I am not negative on income as I am bullish on Shopify (SHOP). Ecommerce is not going away, but short-term, there will be consolidation in the space," says Matt Higgins.
Earnings-Driven Bull Market
February 16, 2023 19:18 - 7 minutes - 184 MB"The effect of China reopening is coming through. Should the Federal Reserve have done a 50BPS interest rate hike? The Fed will be higher for longer. Net purchases for U.S. stocks by foreign investors rose to a two-year high. Buying dips this time has everything to do with inflation and less to do with liquidity. Best opportunities are in growth areas with earnings supported by consistent disinflation," says Ben Emons.
Why Are Growth Stocks Leading When They Crashed In 2021?
February 16, 2023 17:44 - 8 minutes - 73.5 MB"The market is pushing Jerome Powell to raise rates. The equity market is not considering the fact that inflation could linger. On the other hand, the bond market today is saying that maybe interest rates have to be higher for longer. Maybe these unprofitable growth stocks should not be driving the bus as they crashed it in 2021. The 2 year rate keeps going up and approaching the Fed Fund's Rate. This is not a good place to be if you are a high valuation stock owner," says Brian Frank. Fra...
Strong PPI Number: Fed Will Be Higher For Longer
February 16, 2023 17:14 - 8 minutes - 79.1 MB"The Producer Price Index or PPI numbers are concerning as it is putting us in a range than the Federal Reserve's target would be. There will be a reaction in interest rates and treasuries. There has also been global central bank activity, especially with the ECB. Also, employment continues to be strong. The market can remain irrational longer than you can remain liquid sometimes," says Dan Deming.
The Nasdaq's Relentless Strength
February 16, 2023 17:09 - 5 minutes - 64.1 MB"It's tough to get a substantial dip on any major holding" like Apple (AAPL) or Microsoft (MSFT) says Phil Streible, "the Nasdaq has been relentlessly strong." Phil and Ben discuss movement in the indices. Phil says there is too much money sitting on the sidelines. The Fed's soft landing could be becoming more real. They also break down what's happening in international currencies.
Stock Market Today: PARA, RBLX Higher & DVN Lower
February 16, 2023 00:58 - 3 minutes - 52.3 MBDow Jones today finished in the green along with the Nasdaq-100, S&P 500 Index or SPX, and Russell 2000. Overall, stocks bounced back to close higher. Next. Renita Young weighs in on Berkshire Hathaway adding 2.4M shares of Paramount (PARA) in the fourth quarter. Also, Roblox (RBLX) rallied after their earnings report beat expectations. On the other hand, Devon Energy (DVN) stock price plummeted after an earnings miss.
Apple (AAPL): Antitrust Concerns Vs Buffet's New Stake
February 15, 2023 23:48 - 3 minutes - 40.7 MBApple (AAPL) is rumored to be working on a foldable phone. The justice department is ramping up an antitrust complaint against the tech giant. The justice department is investigating whether Apple (AAPL) favored their own products. Also, Warren Buffett’s Berkshire Hathaway buys even more AAPL stock.
2023 Market Theme: Reversion Of Last Year's Reversion
February 15, 2023 23:16 - 6 minutes - 70.6 MB"This year is the reversion of last year's reversion. The worst performers of 2022 are best performers and vice versa. I continue to focus on value, dividends, commodities, and overseas markets for diversification," says Mark Neuman. Neuman also weighs in on the Amazon (AMZN) earnings trading and why the stock could rebound in 2023. "Energy stocks remain cheap on a fundamental basis. We will not get to the future of energy without present energy," he adds.
Intuitive Machines (LUNR) CEO On Human Presence On The Moon
February 15, 2023 22:44 - 6 minutes - 73.1 MBIntuitive Machines (LUNR) is a space exploration, infrastructure, and services company that will provide lunar surface access, lunar orbit delivery, and communications and lunar distance. Intuitive Machines (LUNR) began trading this week after completing a SPAC merger. "We are focused on a critical infrastructure to enable an economy around the moon. The U.S. government wants to instigate commercial companies to fly to the moon and begin to install the infrastructure necessary for a sustai...
Bitcoin Breakout & Natural Gas Pressures
February 15, 2023 21:54 - 5 minutes - 59.9 MB"The bitcoin price has been building a base over the last few months. With the current breakout, a lot of the stocks that are correlated with cryptocurrencies are benefiting. The reaction has been positive across other asset classes as well. The moderation has alleviated some of the inflationary pressures and that is why other markets are taking a queue from that," says Dan Deming. Deming also weighs in on the natural gas price and various reports.
It's Good That Stocks Are Pulling Back
February 15, 2023 21:38 - 7 minutes - 81.7 MBStocks pulling back after a huge rally in January is actually good, says Jimmy Lee. He discusses the takeaways from today's retail sales data. He also talks about the outlook for the Fed following this week's data. He notes that there is still a consensus from a sentiment point of view that this is another bear market rally. He then goes over how over the course of the year he thinks bonds will continue to rally, as they did in January. He also mentions portfolio positioning in a volatile ...
The Harder The Fed Pushes, The Worse For The Treasury's Fiscal Position
February 15, 2023 18:46 - 10 minutes - 132 MB"The inflation number was stronger than expected. The Federal Reserve is now saying higher for longer. U.S. credit default slots on the U.S. government just hit one year highs, higher than they were in 2008 during the great financial crisis. The Treasury noted that they upsized the amount they are going to have to borrow by 60% than they expected three months ago. There is not as much attention on what higher for longer means for the U.S. government's interest expense. Also, U.S. tax recei...
Treasury Bears Have The Edge
February 15, 2023 18:32 - 9 minutes - 74.6 MBI think the treasury bears have the edge, meaning yields are higher and slowly and steadily getting more control, and that was sort of a seismic shift after that blowout jobs report on February 3rd, says Michael Purves. He discusses the Employment Situation for January 2023 with non-farm payrolls coming in at 517K versus an estimated 185K. He talks about market volatility trends to monitor. He goes over what an inverted yield curve means for investors. He also mentions his trade to track: ...
Hot Retail Sales Number, Can't Fight The Fed
February 15, 2023 18:28 - 10 minutes - 94.9 MBRetail Sales data for January 2023 was released and topped expectations. Does this indicate that the Federal Reserve will need to continue to be aggressive? "When you combine last month's jobs number, CPI data, Retail Sales, and Fed speak, the market is starting to understand that you cannot fight the Fed. Are now three more 25BPS interest rate hikes more likely than two? When you combine the strength in the economy and no movement in employment, where do people get these rate cuts?" says ...
Stock Market Today: TSLA, NVDA Strength & F Weakness
February 14, 2023 23:18 - 3 minutes - 59.1 MBDow Jones today was little changes along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000 after the CPI report was released. Next, Renita Young weighs in on Tesla (TSLA) announcing additional price changes for their electric vehicles, as well as facing an unionization push in New York. Nvidia (NVDA) stock price rose after Bank of America increased its price target from $215 to $255. On the other hand, Ford (F) shares closed down after pausing production of the F-150 lightning tr...
Treasuries As A Cash Alternative With Strong Yields
February 14, 2023 20:24 - 9 minutes - 102 MB"2022 was an anomaly because bonds and stocks were down. Even more defensive portfolios lost money on fixed income. Even though 2023 has been positive, geopolitical issues and inflations have people nervous. A nice cash alternative is the treasury with strong yields. Dollar cost averaging is the most important part of investing," says Michael Bapis.
A Trough In Global Manufacturing Could Lead To A Recession
February 14, 2023 19:35 - 11 minutes - 99.1 MBThe debate over the existence of a global recession may be missing an important inflection point in the global economic cycle: a trough in global manufacturing, says Jeffrey Kleintop. He talks about how as spring nears we may see more green shoots for the global economy, but there is a downside. The downside is that they may make it less likely central banks will cut rates later this year, as the market currently expects. He then goes over how it is important to keep in mind that geopoliti...
Gold As A Wealth Preserver & A Barometer, Not A Thermometer
February 14, 2023 17:23 - 9 minutes - 109 MBWhat are the benefits of holding gold versus other assets? "Gold from 1925 to 2020, went from $20.62 per ounce to about $1,900. This is a compounded rate of return of around 4.5%. Over long term, gold preserves wealth. Gold is also a barometer and not a thermometer. You can buy and hold gold and use it as a safe haven. Nothing is more negatively correlated to the S&P 500 or SPX. However, it gold moves with it at times," says David Morgan.
Fed's Bowman: Still Far From Achieving Price Stability
February 14, 2023 17:01 - 5 minutes - 63.9 MBThe CPI number is a reflection of what we have heard from Michelle Bowman, the Federal Reserve Governor. She said that we are still far away from achieving price stability. "The Federal Reserve continues to be aggressive and especially in the services sector and wage inflation. Interest rates will have to be higher for longer until inflation gets back to 2%. There could be a softening in the labor market and a slower growth in the economy," says Michael Zarembski.
Twilio (TWLO) & Meta (META) Planning To Cut Workforce
February 14, 2023 00:08 - 3 minutes - 46.7 MBTwilio (TWLO) gains after announcing workforce cuts. Jenny Horn discusses this as TWLO plans to cut 17% of its workforce. She also talks about how Meta Platforms (META) is reportedly planning further layoffs and has delayed finalizing team budgets ahead of further job cuts. Tune in to find out more about the stock market today.
Optimistic On The Market With Dividend Paying Stocks
February 13, 2023 23:14 - 8 minutes - 93.6 MB"I am cautiously optimistic on the market even with interest rates going up. I think that housing has bottomed and people are starting to get used to the higher mortgage rates. I favor stocks that are paying dividends and am looking for total returns. Semiconductor stocks are also interesting. Remember that the stock market is a forward looking vehicle and investors want to own things. The Federal Reserve will continue to raise interest rates to control inflation," says Ken Van Leeuwen.
Inflation Will Fall Faster Than Anticipated
February 13, 2023 22:11 - 9 minutes - 105 MB"Inflation could fall faster than expected. Supply chain bottlenecks are starting to thaw, fuel prices are coming down, and retailers have been discounting. The market will shift its focus to if or when a recession occurs, which could be by the end of 2023. If people expect higher inflation, they expect higher inflation, which could be a snowball effect. The jobs number is still fantastic with low unemployment. My favored sectors to invest in are healthcare, industrials, and technology," s...
Big Tech: Lay Off Or See Margins & Stock Prices Decrease
February 13, 2023 21:16 - 6 minutes - 69.6 MB"The days of growth at low costs are over. Growth tech companies now have to either layoff employees or watch their margins and stock prices go down. Palantir (PLTR) has a difficult road ahead of their earnings report. The company stated that they were going to grow at all costs and they delayed their layoffs decision. Analysts have lowered their guidance on the PLTR stock price as a result," says Haydar Haba.
Dan Ives With Risk-On In Tech: AAPL, TSLA, MSFT
February 13, 2023 20:41 - 9 minutes - 100 MB"Tim Cook and Apple (AAPL) are making a statement with Rihanna's Halftime performance since they are investing in live sports. This speaks to streaming ambitions and the future. This was a huge move by Apple (AAPL) that will pay dividends years and years to come. Last night was a muscle flex for the tech giant. With the A.I. race, Microsoft is winning with ChatGPT. However, Apple (AAPL) will eventually be a major player. I think tech stocks will be up 30% in 2023. Regarding Tesla (TSLA) de...
U.S. Dollar Price Shifted With The Jobs Report
February 13, 2023 19:55 - 9 minutes - 109 MB"The U.S. Dollar price came off of 10-month lows and is trading around the $103 level. The currency lost about 12% off October 2022 highs. The reason for the price change was the unemployment report. If the consensus is that the Federal Reserve will hike interest rates, the U.S. Dollar will remain strong. Are we in a recession or not? What is the impact of Canada's blowout jobs number on U.S. financials? I think Chairman Jerome Powell is controlling what is happening in North America," say...
Crude Oil: Global Demand Pressure With China Reopening
February 13, 2023 19:32 - 10 minutes - 102 MBPrices at the pump have been inching up to $3.41 a gallon as a national average. That is up from $3.28 just a month ago. "China continues to play a huge factor in the crude oil price as their demand rises from the Covid reopening. This is putting pressure on global oil demand. The 5% cut that Russia is looking for is relatively small, but has some meaning. There is a fight between Saudi Arabia and Russia for the Chinese demand business. Russian oil production was about 10K barrels a day 20...
Stock Market Today: Energy Strength & LYFT, EXPE Weakness
February 11, 2023 00:50 - 3 minutes - 47.3 MBDow Jones today finished higher along with the S&P 500 Index or SPX. However, stocks dropped for the second straight week. Next, Renita Young weighs in on Lyft Inc. (LYFT) stock having its worst day since the IPO post the earnings report. Expedia (EXPE) shares fell as well after worse-than-expected earnings results. On the other hand, the energy sector rallied as Russia cut oil production.
Guaranteed 5% Return With 6 Month Treasuries
February 11, 2023 00:20 - 8 minutes - 86.1 MB"Investors are spooked by the Federal Reserve continuing to raise interest rates. This is impacting the stock market today, as well as yields and bond prices. However, I am optimistic that you can buy six month treasuries and get a 5% return. You do not face interest rate risk with the short term treasuries. I am negative about the tech sector because it is sensitive to the Fed's policies. Healthcare and consumer staples do relatively better in a recession," says Octavio Merenzi.
XPO Inc. (XPO) CFO Is Cautiously Optimistic
February 10, 2023 23:37 - 5 minutes - 141 MBXPO Inc. (XPO) earnings report indicated $0.98 in EPS versus the $0.82 estimate. "We are cautiously optimistic moving forward and we are seeing positive trends in January 2023. Our business is two thirds industrial and one third retail. On the industrial side, there are some positive signs in autos, machinery, and equipment. We continue to provide excellent service and quality," says XPO Inc. CFO Carl Anderson.
IPOs Strong With Certain Economic & Earnings Conditions
February 10, 2023 23:22 - 4 minutes - 40.9 MB"In 2022, Nasdaq raised $15.03B across 161 listings when you include SPACs. This includes seven of the top-ten and three out of the top-five of the year's largest listings. We had an 89% win rate and an over 75% of the capital raised in 2022 has come to the Nasdaq. In January 2023, we kicked off the year with the Spin-Switch listing of GE HealthCare. The Nasdaq saw its biggest listing since Mobileye with Nextracker," says Jeff Thomas.
Fed's Inflation Fight & Stock Picks: NVDA, BKNG
February 10, 2023 22:50 - 8 minutes - 69.7 MB"The stock market today is resilient, but I am still concerned that inflation is high. It is too early to declare victory despite Jerome Powell saying deflation has begun. The Federal Reserve will not shy away from future interest rate hikes. In terms of Nvidia (NVDA), I like the stock as long as it can hold above $190. I think scaling in over the next three months would be the smart move. For Booking (BKNG), people are still booking travel and that does not appear to be slowing down," say...
PayPal (PYPL): Bear Vs Bull
February 10, 2023 21:07 - 6 minutes - 69.2 MBPayPal CEO Dan Schulman is expected to leave at the end of 2023. "I have been net negative on PayPal (PYPL) for the last year as there were overoptimistic growth expectations. Some of the cost cutting measures that PayPal was taking were a further erosion to the business. Competition is heating up with Shopify (SHOP) and Amazon (AMZN), for example," says Andrew Bauch. "PayPal scale, penetration, and incumbency make it a formidable offering. The fintech company should benefit from normalizi...
Jobs Need To Slow Or A Recession Will Occur
February 10, 2023 19:09 - 6 minutes - 62.5 MB"The consumer is feeling near-term relief. Inflation and gas prices have started to ease. Wage pressures have not started to fall yet and the labor market remains a sign of strength. This is a temporary calm before the storm as the Federal Reserve will continue to be aggressive. The consumer is entering 2023 in a weaker financial position than they entered 2022. This means that there is limited resilience and we are close to tipping the economy into a recession," says John Leer.
Gold Price Driven By Fed's Uncertainty
February 10, 2023 16:58 - 9 minutes - 87.7 MB"I think the price of crude oil currently is what investors believe that the Federal Reserve is getting close to the terminal rate. There has been a nervousness in the gold market. Jerome Powell has stated that it will not be appropriate to lower rates. Therefore, the gold price will benefit from this. I think it is healthy that there is little conviction in the S&P 500 Index or SPX," says George Milling-Stanley.
Stock Market Today Down With AFRM, MAT, LYFT
February 09, 2023 23:26 - 3 minutes - 50.2 MBDow Jones today finished in the red along with the Nasdaq-100, S&P 500 Index or SPX, and Russell 2000. Stocks slumped for the third day this week. Next, Renita Young weighs in on Affirm (AFRM) stock price falling after the company cut 19% of their workforce. Also, Mattel (MAT) shares slumped after an earnings miss. On the other hand, MGM Resorts (MGM) stock price was up post an optimistic outlook and a new share buyback plan. Finally, Lyft (LYFT) plummeted in the post-market session after ...
Rolling Recession For Over A Year
February 09, 2023 22:20 - 5 minutes - 83.2 MB"This stock market rally is momentum based. We have been in a rolling recession for over a year. The Federal Reserve continues to be reactionary instead of leading. The economy will be bumpy but could finish the year strong depending on what the Fed does. Investors should be putting more capital into the market but really examine the fundamentals like balance sheets of companies. I really like the energy sector," says Ed Siddell.
Tesla (TSLA) Stock Hits 3-Month Highs Ahead Of Investor Day
February 09, 2023 21:55 - 3 minutes - 41.7 MBTesla (TSLA) stock price hits a 3-month high. Shares are on track for an eight straight gain. Tesla will have their Investor Day on March 1st. Elon Musk has promised to unveil a path to a fully sustainable future. Jenny Horne weighs in on Tesla likely being exonerated in of charges over the electric vehicle maker’s autopilot driver assistance system causing fatal car cash in 2021.
2022 Vs 2023: Financial Conditions To Real Economy
February 09, 2023 20:47 - 6 minutes - 160 MB"The macro environment has been slowly improving for U.S. equity markets. Our Q.I. model value for the S&P 500 is up 1.5% since the start of the year. The market has rallied more than that, leaving it slightly rich to macro conditions on our models. 2022 was all about the Federal Reserve and financial conditions and 2023 is more about tracking GDP growth, industrial metals, and China demand," says Huw Roberts.
Strong Labor Market Or A Data Delay With Recent Layoffs?
February 09, 2023 18:24 - 10 minutes - 111 MBWeekly jobless claims data has been released. "The jury is still out when all of these tech layoffs are going to be hitting the data points. Anything below 200K is very strong. We continue to show strong job numbers and the economy is showing signs of deflationary pressures. The markets are identifying that as a positive. There are also catalysts behind the recent rebound in the crude oil price," says Dan Deming.
High Interest Rates Are Sending Shock Waves Through Commercial Real Estate
February 09, 2023 15:26 - 5 minutes - 71.1 MBIncreasing replacement cost and limited overbuilding, yet there are high financing costs, says Warren Wachsberger. He discusses the outlook for commercial real estate in 2023. he notes that increasing wages and low unemployment are a potential recession risk. He talks about what higher borrowing costs mean for commercial real estate. He goes over how investors need to think about an environment with 6 to 7% interest rates. Finally, he mentions that people are expecting more out of their of...