Housing Proposals, Burry’s AI Warning, and the Fed Collide to Shake US Markets

• Charlie Bilello explains that the 50-year mortgage only slightly lowers the monthly cost while almost doubling the amount of interest a person pays over their lifetime
• After one of the longest winning streaks in history, the S&P 500 has fallen below the 50-day moving average for the first time since April 30
• Michael Burry is criticizing top AI firms, arguing that these companies are hiding the massive costs of building their AI data centers, which makes their profits and stock prices look better than they really are

The US markets are entering a period of growing uncertainty as new housing proposals, stimulus ideas, and shifting rate expectations collide with weakening consumer data, which are all the themes highlighted in the latest The Weeks in Charts analysis by Creative Planning’s Charlie Bilello.

The 50-Year Mortgage Trap: Doubling Interest Costs

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