134: Why 2023’s “Rolling Recession” is Almost Impossible to Predict w/Liz Ann Sonders

Holding on to hope that mortgage rates could hit four or even three percent again? Unfortunately, that doesn’t look likely, at least to Liz Ann Sonders, Chief Investment Strategist at Charles Schwab. While Liz spends most of her waking hours thinking about the stock market, she always has her finger on the overall economic pulse. Whether it be bond yields, mortgage rates, economic cycles, or banking crises, Liz Ann needs to know market moves in order to manage Charles Schwab’s $8 TRILLION in assets.
For most heavy real estate investors, the stock market is confusing at best and a game of chance at worst, but NOT knowing what’s happening in one of the largest investment markets in the world could be to your detriment. Since the stock market moves quicker and reacts to economic data at almost instant speed, real estate investors can get ahead by popping out of the property market we’re so preoccupied with.
In today’s episode, Liz Ann not only touches on the state of the stock market but why so many investors are acting out of pure emotion (and not logic), the effect rising bond yields will have on mortgage rates, why savvy investors refuse to “fight the fed,” and the “rolling recession” that could explain 2023’s constant economic hills and valleys.
In This Episode We Cover:
The “rolling recession” and why its economic effects won’t hit us all at once
Why mortgage rates won’t go back to 2021 levels EVEN when bond yields fall
The psychology of emotional investing and why most investors are forfeiting data when making decisions
New “bullish” signs from stock investors and what they’re investing in
Why waiting for a recession to invest could be a MASSIVE financial mistake 
And So Much More!
Links from the Show
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The Fed Just Got One More Reason to Hike Mortgage Rates
Is Now the Best Time to Get Into the Stock Market?
Connect with Liz:
Liz on Charles Schwab
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Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-134
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