THE MARKETS
Another record week for Wall Street, spurred on by a big train deal
S&P 500: +0.91%, DJI: -0.00%, NASDAQ Composite: +1.93%
Despite continued attacks on Powell, larger rate cuts aren’t being priced in quite yet
The 2-year rose 6 basis points to 3.81, while the 10-year stayed flat at 4.42
BTC has slowed, but ETH and XRP have been ON FIRE! An incredible run, cementing a historic boom in Crypto
BTC: +0.53%, ETH: +22.04%, XRP: +25.24%
WISE WORDS
“Investing isn’t about beating others, it’s about controlling yourself at your own game.
- Benjamin Grhaam
A Fresh Idea!
One of the greatest benefits of the Co/Investor Club is the opportunity to engage with and learn from our Premium Members about unique and compelling investment opportunities. Recently, our member Matt Hayden introduced us to an opportunity he strongly believes in with MDB Capital.
MDB Capital specializes in connecting public market investors directly to microcap public companies and has built a solid track record of success over its 27-year history. After hearing Matt's insightful perspective and reviewing MDB Capital's detailed presentation, we recognized the need to share this exciting opportunity with the Co/Investor community.
Stay tuned, as we'll be releasing a special edition featuring one of MDP Capital's latest investment opportunities this Wednesday.
Reflections on the Week
There’s something about the housing market right now that feels less like a cycle and more like a standoff. Prices haven’t collapsed, but affordability has rarely looked worse. Buyers are hesitant, sellers are anchored by low-rate mortgages, and in between, the housing market waits, still, tight, and oddly quiet. But behind that quiet lies tension. The kind that builds, not bursts. According to long-term trends, the ratio of home prices to median household income now stands near historic highs, a stark visual reminder that what used to be a three-times-income rule has slowly, almost imperceptibly, morphed into a six or seven-times burden in many regions. The numbers aren’t just academic, they’re personal. They shape where people move, when they settle down, and whether they feel like they’re falling behind. And perhaps most importantly, they reflect something broader, a generational recalibration of what it means to “afford” a home.
What’s curious is how slowly this recalibration is unfolding. Normally, housing responds to pressure with movement, inventory climbs, prices correct, and deals get made. But that isn’t happening, at least not yet. Mortgage rates have cooled slightly but remain elevated. Construction has picked up in places, but not enough to shift the balance. And while there’s no shortage of demand, it’s a muted demand, waiting, watching, recalculating. This isn’t a market in crisis. It’s a market in suspense.
Still, in moments like this, silence speaks. The lack of activity isn’t apathy, it’s paralysis. Locked-in homeowners don’t want to trade up into a higher-rate world. First-time buyers are priced out or priced into compromise. And investors? They're watching the horizon carefully, trying to decipher whether 2025 brings a soft reset or something more structural. The truth may lie somewhere in between. What we’re seeing is less about market timing and more about value dislocation, a mismatch between what homes cost and what households earn, stretched just far enough to make everyone pause.
As always, when markets drift from their long-term ratios, reversion tends to follow. Not with drama, but with inevitability. That doesn’t guarantee a crash; it rarely does. However, it does suggest that the assumptions many have made over the past decade, namely, that prices always rise, demand always wins, and borrowing is always cheap, are being reconsidered. And that reconsideration is healthy. It’s in moments like these that new patterns take root. Maybe it’s smaller homes or longer commutes. Perhaps it’s a shift toward multi-generational living or a growing trend of renting as a long-term norm. Or maybe it’s simply the market catching its breath after years of frenzy, finding a new equilibrium in slower steps.
Either way, something is shifting. Quietly, but unmistakably. And the best thing we can do as observers and participants is to listen, to examine the numbers beneath the headlines carefully, and to remember that markets, like people, often change gradually before they change suddenly.
The Savvy Investor…
Discover how top advisors are turning leads into loyal clients fast on VisitIQ’s live Zoom on Thu, Jul 24 at 1:00 PM EDT
Homebuilders are cutting prices!
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If you have not already upgraded your membership…
Chat with Mike
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