As we all prepare to strap into that Thanksgiving table, I wanted to share some financial news to spice up your holiday feast. Forget about turkey-induced tryptophan; let’s talk about the market’s twists and turns that might leave you more awake than Aunt Edna’s coffee!
So, while you’re passing the stuffing, consider this: Stocks might be lower, but Mortgage Bonds are on a triumphant rally, clearing new technical levels faster than Grandma can set the table. And as oil prices drop, we’re looking at inflation doing the limbo, moving lower and lower.
In the spirit of giving (and gobbling), Former Fed Vice Chair Roger Ferguson thinks the Fed is putting away the hiking boots and donning cutting-edge style in the second half of 2024. History says we might see rate cuts around May 2024, just in time for spring showers and monetary policy flowers. However, I made the call this past May that inflation would be making significant strides, but boy, oh boy, was I wrong. As always, taken with a grain of salt, please!
Another serving you say: The Fed has been on a diet, doing quantitative tightening (“QT”) since June 2022. They’ve shed over 1.5 trillion, roughly the equivalent of all the leftovers in your fridge from last year’s feast.
Initial Jobless Claims rose, signaling a steady increase in layoffs. It’s like the employment pie is shrinking, and everyone’s fighting for a smaller slice. Don’t worry; we’ve got bond-friendly news to balance it out. Import prices are falling, and the Philly Fed is so negative it’s practically positive—clearly, manufacturing is in a turkey trot.
But the real star of the show? Inflation. The October Producer Price Index (PPI) report came in cooler than the mashed potatoes at your in-laws’. Year-over-year, producer inflation fell from 2.2% to 1.3%, like a deflating Macy’s Day Parade balloon.
And, speaking of parades, the market is doing its own dance after the recent CPI report. Odds of a rate hike in January? A mere 2% as likely as finding a black Friday deal on a unicorn.
In conclusion, as you pass the gravy boat, remember the market might be on a rollercoaster, but at least it’s not as bumpy as Uncle Norm’s mashed potatoes.
Happy Thanksgiving, and may your investments be as diverse as your dessert choices!
Gobble on,
Jonathon
Go LIONS!
It’s the most wonderful time of the year 🎄✨💚 Happy Holidays from The Herd!
✨ “The strength of a family, like the strength of an army, lies in its loyalty to each other.” — Don Vito Corleone
This year’s Bison Ventures holiday party celebrated mobster style through the decades. From timeless classics to bold looks, our team came together to honor another incredible year – proving that loyalty and connection are at the heart of everything we do.
HAPPY HOLIDAYS from our Herd to yours! 🎄
Special thanks to Stuart and @rach.m.crawford for hosting. 🍾🦬
We’re thrilled to be recognized as one of the BEST PLACES TO WORK by the Phoenix Business Journal for the second year in a row! 🏆✨
A big thank you to the @phxbizjournal for this incredible honor and for celebrating workplace excellence in our community. And to our amazing team—your input, enthusiasm, and support make Bison Ventures more than just a workplace. You’ve created a community where collaboration and fun go hand in hand. 🦬❤️
Here’s to celebrating together and building an even brighter future!
🌟 Trying to time the market? It’s not about chasing perfection—it’s about preparing for opportunity. At Bison Ventures, we’re here to help you take the next step confidently, no matter what the market says.
Remember, the best time to make your move is when YOU’RE ready. Let’s plan together and make your homeownership goals a reality.
Contact Senior Loan Officer @brandipaucekloans to learn the advantages of being a buyer in our current market or strategize to make your homeownership goals a reality when the time is right for you! 🏡
Industry leaders don’t just shape their companies—they elevate the entire field. Watching our CEO, Stuart Crawford, guide an insightful discussion at The Mortgage Collaborative’s “12 Days of TMC” virtual conference was a proud moment for all of us at Bison Ventures.
Stuart reminded us of the power of networking—not just with potential sources of business, but across the industry, even among competitors. It’s the same collaborative spirit that drives The Herd’s commitment to supporting local charities each quarter, giving back to the communities we serve. Together, we create innovative solutions and build stronger foundations for the future. Thank you to @mtgcoop for facilitating this incredible conversation. 💥
This Thanksgiving, we’re counting our blessings—and at the top of the list are YOU. To our clients, partners, friends, and family: thank you for allowing us to be part of your story. Your trust and support mean everything to us.
From our Bison Ventures family to yours, we wish you a day filled with gratitude and joy. 🦃✨
Our company is about to celebrate our 3rd anniversary, and we are ready to grow with people who align with our values.
We are proud of our culture and know that it takes a solid team to drive success in the mortgage industry. That’s why we’ve built a platform designed to empower you – whether you’re an originator scaling your business or an operations expert keeping it all running seamlessly.
Our award-winning culture is based on collaboration, FUN, support to scale, and accessible leadership, which allows you to focus on what you do best and enjoy doing it!
🦬 RUN WITH OUR HERD. EMPOWER YOUR FUTURE.
DM us to have a confidential conversation about life at Bison.
Attention agents! Join us for an exclusive tour of Moon Valley, one of Phoenix’s most desirable neighborhoods.
Known for its hiking trails, mountain views, prime location, and the iconic Moon Valley Country Club, this area offers the perfect blend of lifestyle and convenience your buyers are looking for. 🌟
Seven homes ranging from $549,000 to $1,075,000 🏡
Register to attend on the MVHT app - link in bio 🔗
What an amazing two days at the @nikolamotorcompany Wellness Fair, connecting with their fantastic team! We were blown away by the innovative facilities and applaud their mission to create a zero-emissions transportation world! 🌎 🍃🚛
Big thanks to our friend Shawn West, CuraFin Founder, for making this preferred corporate partnership possible. Shoutout to Loan Officer @mortgage_jules_ for sharing her mortgage expertise and helping attendees along their paths to homeownership! 🏡