Mach 1 Market Moment Podcast

This week, Matt, John, and Isaac discuss the recent GDP Q2 data, debating whether or not the United States has officially entered a recession. They also discuss whether rates should be cut and John predicts a rate cut may happen in June.  A few of the highlights include: The United States GDP is negative from the first quarter, which is the first time since 2022. If this trend continues another quarter, it is classified as a recession. A lot of commercial real estate loans operate on 5-7 year terms (instead of a typical mortgage of 15 or 30 years) which means a lot of those terms could be renewing soon under these new rates (no longer the very low 2020 ones) which could have a big impact. In general, rates are high and impacting businesses and individuals. Rates may be high but they also feel high because of the lengthy period of time when they were extremely low. Warren Buffet is retiring and Berkshire Hathaway unlike any other stock