Holiday Market Update

DID YOU KNOW?
Yesterday the Fed held its key interest rate steady for the 3rd straight time and set the table for multiple cuts to come in 2024 and beyond, keeping the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%. Members penciled in at least 3 rate cuts in 2024 (after 11 hikes since 2022) assuming quarter percentage point increments. That's less than what the market had been pricing, but more aggressive than what officials had previously indicated. (CNBC)

DID YOU KNOW?
Around 52% of global prime homebuyers are now paying in cash, up from 46% six months ago. (Bloomberg)
 
DID YOU KNOW? 
A fold-away HUGE TV that works outdoors? No problem! For a mere $200,000 or so you can buy one here. 'Tis the season...!
 
DID YOU KNOW?
Palm Springs was cited as the best place to retire in California. The Coachella Valley consists of 9 incorporated cities, from Palm Springs in the west to Coachella in the east and excellent healthcare facilities. While overall taxes are high in the state, the natural beauty and weather of California is undeniable...and many can afford it. (Travel And Leisure)

DID YOU KNOW? 
There’s almost $6 trillion of cash sitting on the sidelines in money-market funds, almost double since 2018, with the potential for some portion of it to be reallocated into “carefully selected risk assets.” (Barrons)

DID YOU KNOW?
Here are "5 Mental Muscles" to help you succeed in life: (Jody Michael/CNBC)

Helpful beliefs: Most of us think that our beliefs are truths. But they are actually a set of assumptions, which means that we can experiment with them. We can probe them, challenge them, and try to think of new ones.

Accountability: Stop blaming other people and circumstances for how you feel or for what has happened, fully own your part in your results, even while recognizing other potential contributors to what has unfolded. Own exactly what’s yours, and hold others to owning what’s theirs.

Self-assessment: Can you accurately self-assess your internal state? This is the running commentary in your head, the moods and emotions you feel, and your physical sensations, like a knot in your stomach. The goal is to improve managing and regulating your emotions/responses to triggers.

Holding multiple perspectives: When you can see many disparate viewpoints, you can understand and consider perspectives that aren’t aligned with yours. When you appreciate and allow for differences in opinions, you can leave a conversation without needing to establish who is right or wrong. Practice suspending judgment and embrace the complexity of gray and the potential of the “yet-to-be-known.”

Calming your physiology: We can influence our own nervous systems. On the one hand, unhelpfully, we can easily intensify a catabolic state, such as “getting wound up” over something. But helpfully, we can also calm ourselves. There are many wildly effective techniques, such as breathing exercises and muscle relaxation, that you can use to quickly change your physical state when you feel triggered or threatened.