💵 Inflation a problem

Together with Retrieve Medical 

Good morning investors!

Today we cover:

• The new inflation report is worrisome.

• Stocks continue to fall.

• Buying a house.

📊 Economy and News 

Inflation is still a major problem

The consumer price index, a key inflation gauge, rose 3.5% in March, higher than expectations and marking an acceleration for inflation, up from 3.2% in February.

Shelter and energy expenses were the main drivers of the increase. Energy costs rose by 1.1% after a 2.3% increase in February, while shelter costs rose by 0.4% in the month and were up 5.7% from a year ago.

However, there are some positive aspects, such as stable food prices. Household purchasing power has also increased over the past year due to wage growth outpacing inflation.

Markets are particularly interested in a more specific inflation measure included in the data, known as the supercore inflation reading.

The gauge tracks inflation in services, excluding food, energy, and housing. It has been increasing significantly, up 4.8% year over year in March and more than 8% at a 3-month annualized pace.

According to trading data for Fed funds futures, there is now only a 17% chance that the Fed will lower rates at its June meeting. Additionally, traders have shifted their expectations for the first rate cut to September.

Global hits:

• Copper prices climb to 2024 high as Citi calls the start of the metal’s second bull market this century.

• Tesla’s Musk to meet Modi in India and announce investment plans.

• Europe stocks close higher as investors digest hotter-than-expected U.S. inflation data.

Also check: Alibaba shares jump after founder Jack Ma reemerges with praise of Chinese giant’s ‘transformations’.

📈 Stocks

S&P 500 5,160.64 (-0.95%)
DJIA 38,461.51 (-1.09%)
NASDAQ 18,011.65 (-0.87%)
BRENT CRUDE 90.88 (+0.86%)
* Prices as of Apr 11th, 12:20 AM UTC

Stocks continue to go down

Stocks tanked on Wednesday after March inflation data came in hotter than expected, likely pushing off interest rate cuts by the Federal Reserve that investors have been anticipating.

Investor sentiment was further dampened following the release of March’s Fed meeting minutes, which reflected officials’ concerns that inflation isn’t moving quickly enough toward the central bank’s 2% target.

Except for energy, all sectors in the broad market index ended the session in the negative.

Real estate experienced the most significant decline, falling by -4.1%.

The S&P 500 had been relatively stable in April, as investors awaited this inflation report. This follows a strong start to the year, with the benchmark rallying more than 10% in the first quarter, marking its best performance for that period in five years.

Interesting: CNBC says that Nvidia has entered correction territory after falling 10% from all-time highs. Also, Trump Media shares closed down more than -8% yesterday, putting market cap under $5 billion. The company is now down -44.71% month to date.

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Their revenue model, based on a Software as a Service (SaaS) structure, ensures a steady and recurring income stream through regular billing. Compatible with all major electronic medical records systems and effective in improving customer revenue and compliance. Retrieve is poised to enhance efficiency and precision in medical record-keeping through more concise and complete medical documentation in hospitals and medical centers. Retrieve Medical is an investment opportunity at the cutting edge of healthcare innovation.

This groundbreaking technology benefits everyone, from patients to healthcare providers, making it a must-have in hospitals nationwide. Don't miss the chance to invest in Retrieve Medical as they revolutionize the healthcare industry.

💵 Personal Finance

It’s getting harder and harder to buy a house, here’s how to improve your chances

The US homeownership rate is only 65.8%. There is a housing crisis and most people are not able to afford a house thanks to rising prices and high mortgage rates.

Still, there are ways to get approved:

• Improve your credit score, you’re more likely to get approved if you have a score of 620 or higher.

• Work on your debt-to-income (DTI) ratio and try to keep it under 40%.

• Lenders pay attention to income history. You're more likely to be approved if you have been employed for at least two years or if you have a solid and guaranteed income. Also, all income must be provable.

• Show your assets as accessible funds prove liquidity. Also, consider going for a large deposit as it helps bring the LTV ratio down and makes you eligible for more deals.

• This might come as a surprise but the property type can impact your chances of approval. Applicants looking for a primary residence find it easier to get approved than applicants looking for an investment property. However, in some cases, buying a rental property first may make more sense.

• Consider paying off existing debt and avoid applying for new debt.

Always compare lenders and choose the right mortgage option. Government-backed loans such as FHA, VA, and USDA loans are more affordable and easier to apply. On the other hand, conventional loans are stricter to qualify for.

Ready to buy a house? Check out the video below for more on saving to buy a house:

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👩🏽‍⚖️ Legal Stuff
Nothing in this newsletter is financial advice. Always do your own research and think for yourself.

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Disclosure: This is a paid advertisement for Retrieve Medical’s Regulation CF Offering. Please read the offering circular at https://invest.retrievemedical.com/.