On CNBC this morning, Jim Cramer was flabbergasted over Citigroup CEO Vikram Pandit’s abrupt departure: “This was a terrific quarter… I don’t know what the heck is going on here… Pandit’s young, people respect Pandit, he’s really turned the company around, he inherited a total joke company, it was destroyed and he resurrected it. This is shocking! His people would take a bullet for him… we need answers.”
Watch/listen:
But will markets really care?
The real estate market is poised to benefit significantly as inflation cools and the Fed begins cutting interest rates next year, leading to increased building, improved affordability, and a recovering volume of transactions.
The quality themes and companies offering exposure to AI are closely aligned with megatrends that are likely to define economies and markets for decades, including demographic shift, automation, digitalization, green energy, and geopolitical volatility.
The recent survey by Global X Research highlights the concerns of U.S. student loan borrowers as the payment resumption approaches, with over 60% of respondents being moderately or very concerned about the resumption.
