The stock market is near an all-time high, while unemployment is up and wages are flat. It begs the question: is the stock market overvalued? I’m not a stock market expert, I don’t follow the market like some people, but I do know a few things. A share of stock is a piece of a company. In that regard, it is not that different than owning real estate. When you buy an investment property, you don’t look at the value of that property every day, you are more interested in the rent it earns and the costs associated with maintaining the property. The same should be the case with stocks. You shouldn’t look at the price fluctuations of the stock for a company, rather you should look at the earnings and earning potential of the company itself. If you are a day trader who is looking for short-term opportunities, we may be looking at a correction pretty soon. Economic growth has been anemic, even prior to the pandemic, and without major changes to our immigration policies or major breakthroughs in productivity it will be hard to see how valuations will get better in the short run. If you’re a long-term player a good index fund or the right financial advisor, you can still find you some great opportunities. BTW – the winner of the election won’t matter all that much. In his first 43 months in office, the S&P 500 index under Donald Trump increased 49%. That’s a pretty good gain; however, under Obama, the S&P increased by 70% in his first 43 months. Fiscal policy matters for a lot of things, but stock prices don’t seem to have as much of a correlation to politics as most people think.
In this episode, I break down how misinformation continues to shape the way undocumented immigrants are talked about in this country, and why that matters so much. I look at what a recent Dallas Fed report actually says about housing, wages, and jobs, and why some of the loudest headlines got the story wrong. But this is about more than bad reporting. It is about the human cost of turning people into scapegoats, the damage that misinformation does to families and communities, and why ending the division in this country begins with telling the truth.
Latinos make up about 20% of the U.S. population, and our economic power is growing even faster. In this episode, I talk about why that should change the way we see ourselves and the way we move in this country. We are driving household formation, workforce participation, GDP growth, and entrepreneurship, yet too often we still act like spectators instead of stakeholders. This is a conversation about economic power, confidence, and why controlling our narrative and asserting ourselves boldly is not optional — it’s our responsibility.
There are qualities in our community that no data point can fully capture, but this episode is about one of the biggest: grit. I talk about why perseverance, resilience, family, and purpose have always been among the greatest strengths of Hispanics and Latinos, and why those strengths can be a powerful advantage in a world being reshaped by technology, wealth, and access. But grit alone is not enough. If we want to translate all of that talent and determination into lasting economic and political power, we also need stronger networks, better platforms, and more intentional leadership. The opportunity is real. The question is whether we are ready to organize around it.