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Good morning! In today’s issue, we’ll dig into the all of the latest moves and highlight what they mean for you right now. Along the way, you’ll find insights you can put to work immediately
Stock Market Update
Markets were under pressure across the board:
Dow: –0.84%
S&P 500: –1.56%
Nasdaq: –2.15%
Russell 2000: –1.82%
VIX: +11.67% (volatility creeping back)
Largest stocks struggled: Amazon –2.49%, Micron –10.87%, Nvidia –3.15%.
Some resiliency seen: Costco +0.30%.
Key insight: Growth and tech remain under pressure. This session reminded us that risk-on days can reverse quickly — managing exposure remains important.
Crypto Update
From the board:
Bitcoin (BTC) ~$87,038, down ~0.4% on the day, –12.3% for the 30-day period.
Ethereum (ETH) ~$2,846, down ~5.5% on the day, ~–11.6% over 30 days.
Other large-cap tokens: XRP ~$2.01 (–13.3% 30-day), BNB ~$869 (–6.0% 30-day).
Crypto continued its recent pull-back with no major news catalyst today.
Playbook: If you’re holding, use this as a reminder that crypto remains high beta. Consider trimming size, avoiding layering on new positions right now unless you’re long‐term and mentally prepared for big drawdowns.
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Real Estate Update
Mortgage rates nudged higher again: the average 30-year fixed rate hit 6.23% this week, up from 6.24% last week.
Despite some pockets of bidding war activity, the broader national market remains split: some markets showing price cuts and softening demand, others still seeing competition between buyers.
Investor takeaway: Higher rates mean affordability is slipping — if you’re projecting next-12-month returns on a property, assume no rent growth>3% and a refi rate +150-200 bps on your debt schedule.
Resource Update
Energy:
WTI ~$58.51 (–0.83%)
Brent ~$63.38 (–0.20%)
Gasoline slightly down, Heating Oil –1.45%
Metals:Gold ~$4,098.90 (+0.09%)
Silver ~$51.08 (+0.29%)
Platinum ~$1,541.30 (+0.70%)
Palladium ~$1,423.40 (–0.01%)
Takeaway: Commodities were mixed — energy eased slightly while gold stayed relatively firm. Hedge assets still holding value; not much excitement but quiet resilience.
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That’s All For Today
I hope you enjoyed today’s issue of The Wealth Wagon. If you have any questions regarding today’s issue or future issues feel free to reply to this email and we will get back to you as soon as possible. Come back tomorrow for another great post. I hope to see you. 🤙
— Ryan Rincon, CEO and Founder at The Wealth Wagon Inc.
Disclaimer: This newsletter is for informational and educational purposes only and reflects the opinions of its editors and contributors. The content provided, including but not limited to real estate tips, stock market insights, business marketing strategies, and startup advice, is shared for general guidance and does not constitute financial, investment, real estate, legal, or business advice. We do not guarantee the accuracy, completeness, or reliability of any information provided. Past performance is not indicative of future results. All investment, real estate, and business decisions involve inherent risks, and readers are encouraged to perform their own due diligence and consult with qualified professionals before taking any action. This newsletter does not establish a fiduciary, advisory, or professional relationship between the publishers and readers.
