A quick update today coming to you live from Myrtle Beach, South Carolina!

My son, Peter, is currently in the middle of the Cal Ripken Experience 11u Tidal Wave tournament. It is such an incredible experience, and we absolutely couldn't pass it up.

Once we wrap up here and head back home, we’ll have about a week and a half to catch our breath before hitting the road again for Fallon, NV, for the Pacific Southwest Regional All-Stars tournament. It is a total whirlwind of summer baseball right now, but Peter is having an absolute blast.

👉 Want to follow along with our journey this week? You can check out our progress and cheer on the NorCal Legend (CA) using [this link].

The Economic Quick-Take

On the real estate front, last week brought a little bit of turbulence to the financial markets following Fed Chair Kevin Warsh's very first press conference.

Here is what you need to know from the meeting:

• Rate Hikes? The committee hinted that a small interest rate hike is still possible later this year, with potential cuts pushed out into 2027.

• The Market's Reaction: Bond yields jumped initially on the news, but they calmed down a bit right before heading into the three-day Juneteenth holiday weekend.

• What I'm Watching Next: I am keeping a very close eye on how mortgage rates behave over the next couple of weeks, as well as tracking new mortgage applications. This will tell us if buyers are pausing or moving forward despite the news.

Wish us luck out on the diamond, and I will see you all back in Sacramento this July!

What are you seeing or hearing? I'd love to know paul@guiderealestate.com
Visit www.paulpelettarealtor.com

My most recent purchase is $VOYG.  Voyager Technologies, Inc. operates as a defense technology and space solutions company in the United States, Europe, the Middle East, and internationally. It operates through three segments: Defense & National Security, Space Solutions, and Starlab Space Stations.  Here's a summary from Seeking Alpha:

Sign up for Robinhood with my link and we'll both pick our own gift stock   https://join.robinhood.com/paulp-89188604

This is not investment advice, simply what I am personally looking at and have already bought or looking to buy in my Roth IRA.