Mach 1 Market Moment Podcast

A lot happened in the market today! The news was packed today with stories about Apple's $2 billion fine by the European Commission, Bitcoin reaching a record high, and Nvidia still going strong but the S&P500 hugged a flatline. With this tech rally, there is growing concern that a bubble is building and will eventually burst. A question on everyone's mind is interest rates, are they going to get cut at all this year? There is some relief and hope on the horizon however when it comes to rent prices. The housing market has been a hot topic for many Americans as lower and middle-class people struggled to find affordable housing, either to rent or own. Median rent prices reached an all-time high in 2023 at $2000 but now it's finally starting to lower as the supply of apartments has increased. Homeownership is still the American dream but a lot of that depends on the interest rates. Lastly, Matt, Lee, and Eli discuss flying cars. What was once science fiction has been turning into reality over the past severa