In today's episode, we dive into the recent market movements and speculate on Jerome Powell's potential "rug pull." Yesterday, the market surged higher, leading to a significant rotation from big tech to the Russell 2000. We explore whether Powell will be pleased with the current market dynamics and discuss the implications of a possible September rate cut. We also cover insightful perspectives from Henry Washington and economic data on homebuilder sentiment and mortgage rates.

Episode Highlights:

[00:00] - Market surge and rotation to the Russell 2000

[00:31] - Speculation on Jerome Powell's next move and September rate cut

[02:22] - Analyzing the impact of the market's animal spirits

[04:07] - Potential outcomes from Powell's upcoming decisions

[05:14] - Insights from Henry Washington on finding deals and financing

[07:21] - Discussion on the current housing market and economic indicators

[09:27] - Logan Montessori's take on construction employment and lower rates

[12:18] - Strategies for real estate investors in a slowing housing market

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