What Does Record Travel & Shopping Mean For the Economy?

We dive straight into the bond market as it comes off its best month in the last 40 years. We’ll then discuss how interest rates are affecting residential & commercial real estate markets differently, what the Fed’s next move can/should be, the life of Charlie Munger, and the crazy spending on Holiday travel and shopping.

Key Takeaways

[00:13] - Patting ourselves on the back (momentarily) for our bond market takes [03:41] - Differences in the residential & commercial real estate markets [05:29] - Odds and prognostications for the Fed’s next move [12:55] - The life and impact of Charlie Munger [18:45] - What Thanksgiving & Black Friday mean for the economy [25:08] - The S&P’s strong run continues + US vs International markets

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