Is todayโs report a sign to be bullish or bearish? How should we utilize this data to make investing decisions going forward?
Letโs start with am I bullish or bearish? ๐ ๐ป
Right now, Iโm still bearish. ๐ป
That doesnโt mean we arenโt doing deals, but there is a lot of risk in the market right now. Although our most recent listings have been grand slams in terms of attention on market there is a lot of uncertainty.
An example being the job gains reported still puts us at a year over year job loss; if the next 3 months of data yields continued gains month over month then Iโll likely flip bullish come January/Feburary.
If that data looks good then Jerome Powell may have avoided the recession and actually pulled off a soft landing. During this time will be the optimal time to purchase as things will quickly flip positive and large swings to the upside โ including REAL ESTATE ๐ก
Weโve continued our purchasing throughout this time period and held onto as much property as possible. Looking forward to a post election world.
What do you think? What do you think will happen?