$AAPL abandoned its electric car project. The Vision Pro never lived up to the hype. And arguably, its last truly innovative product was the Apple Watch, over a decade ago. Yet it’s once again the world’s most valuable company. Unreal.

For the Main Street economy to go on a tear📈, the prices of: -Gasoline & diesel -Building materials -Insurance -Staple groceries -Electricity All need to come down📉!

AI stock euphoria is blinding people to the ridiculous valuations. Yes, AI is a civilization-changing technology. That doesn’t mean the profits will justify today’s prices. You can be right about the trend and still wildly overpay for the stock. Few understand this.

An unprecedented amount of retail properties have been hitting the market in the Philadelphia area. Many think it’s due to a potential increase to the long-term capital gains tax next year.

They are now talking about it as if it wasn’t prepositioned for the last several years.

Interesting to keep an eye on.

Could this be the first time in modern history when there’s nowhere to hide your money? Asset price valuations are wildly inflated. Interest rates are punishing. Yet retreating to cash means watching inflation and a weakening dollar eat away at your wealth. Where do you go?

Micron $MU is a 47-year-old company whose stock has nearly 10x’d in virtually 18 months. Let that sink in.

Of the 50 most valuable American startups, 26 are AI-related. More than half. It feels like our entire economy has one focus right now: artificial intelligence.

The parallels are strikingly similar.

📈Mortgage rates nearing 7.5%. An AI bubble pushing stocks to absurd highs. Geopolitical conflicts are still on center stage. Little appetite for long-term U.S. debt. President of the free world wants to inflate the national debt away. What could possibly go wrong?

Slow markets are where serious agents gain market share. The cost of staying in the business keeps climbing while deal flow dries up. Those who keep prospecting, investing heavily into marketing their business, and delivering for clients are positioned to come out stronger.

Fucking called it! I’ve said it repeatedly that I believe the governments of the world’s largest economies agreed that the ONLY way out of their massive debt burdens is to inflate them away, then remonetize their currencies.

Agents are having the mortgage payment conversation before even scheduling showings. Too many tours end the same way: “We love this house.” Then they run the numbers. “We can’t afford this house.” That’s the housing market: buyers fall in love, then the monthly payment hits.

As I predicted, nonfarm payrolls💵 came in weak. My read: the Fed will maintain rates as we head into the elections. A hike looks increasingly unlikely.

Meanwhile you have the “Inauguration of the Era of Super Intelligence” at the @WhiteHouse. Bread and circuses.

For the average homeowner, updating their home is continuing to be an absolute nightmare. During COVID, money printing fueled a wave of home improvement. Contractors were so overwhelmed that getting someone to return a phone call was a challenge. Then tighter immigration enforcement and border restrictions added pressure to an already strained construction workforce. Now, experienced baby boomer tradespeople are retiring, and too few younger workers are stepping in to replace them. For sellers, getting a property ready for market is becoming increasingly difficult, expensive, and time-consuming. Buyers face the same challenges when considering a home that needs work. That is essentially why move-in-ready homes can command such a strong premium. Buyers are paying to avoid the headaches of renovating.

Make no mistake, $XRP and $HBAR will soon have a “QNT moment.”

It went from “why didn’t I sell this dog years ago, to what the hell was I thinking not buying more $QNT.” Real quick.