Home Prices - Mortgage rates are soaring past 7%, which is bad news for homeowners in U.S. metro areas.
But those predicting an '08-style housing collapse are probably too apocalyptic since inventory and labor markets are still airtight.
And the pain isn't evenly spread out-it depends on location, location, location.
West coast markets, especially on the high end, are plummeting. Most other areas are seeing more modest declines.
Between May and August, the U.S. median sale price sank 5.47%.
Apple ($AAPL) - When your company valuation reaches the GDP of France (~$2.9Tn), losses sustained in a bear market will make your jaw drop.
Since the start of the year, Apple's lost about 19% of its market value, or $570bn. NBD, that's just the entirety of Berkshire Hathaway that's gone *poof* in 9 months.
Concerns are building about lackluster iPhone 14 demand. To be fair, once you're on the 14th of anything, it's just not as exciting.
$AAPL was down 1.27% on the day and is down 16.27% in just the last 6 months.