The 2023 Recession-Proof Business by Codie Sanchez
Property management, with its focus on long-term rentals, offers a stable and recurring revenue model. By leveraging technology and focusing on Class B properties, it provides a balanced and efficient approach. Realtors have a unique advantage in this field, and the business model can lead to generational wealth. The industry’s evolution and resilience make it an attractive investment, especially in uncertain economic times. It’s a path to success that’s grounded, promising, and recession-proof.
U.S. Consumer Sentiment Plummets as Debt Ceiling Talks Cast Bearish Shadow on Equity Markets
The US consumer sentiment slumped to a six-month low in May, fueling bearish investor sentiment over talks to raise the US government’s debt ceiling. However, better-than-expected earnings and hopes for a soft landing have kept a floor underneath equity markets, despite extreme pessimism around the debt ceiling. The Dollar strengthened against major currencies, and the Dow Jones Industrial Average closed slightly lower. This week, the focus will be on US retail sales and industrial production figures. Most major digital assets declined last Friday to a new 2-month low, only to rebound over the weekend.