Ethereum ETFs, Vision Pro Breakdown, Rolling Real estate crisis
FT's Ethereum ETFs, Analyzing Vision Pro's Potential, Navigating the Looming Real Estate Crisis
By @0xHooi
Chief Investment Strategist
The below is the opinion of the authors. Any conclusions are their own. This should not be considered as investment advice. Investing involves the risk of loss and returns are not guaranteed.
1.) Vision Pro vs Ipads
Apple's Vision Pro emerges as a potential successor to the iPad, offering advanced features suitable for video streaming, light work, and communication tasks, positioning it as an attractive alternative for typical iPad uses.
On field demo by Singular team
- Vision Pro offers innovative mixed reality features but faces significant challenges.
- Comfort issues with the Solo Knit Band due to poor weight distribution.
- Dual Loop Band provides a more comfortable alternative.
- Passthrough cameras and display issues, including blurriness and a binocular effect.
- Eye-and-hand tracking system unreliable in low light or unconventional positions.
- External battery pack offers limited two-hour life and has an inconveniently short cord.
- Software struggles with app compatibility and interface challenges, notably with eye-tracking.
- Innovative elements like effective hand occlusion and Personas for video chatting.
- Limited app selection and content library require substantial software enhancements and developer support.
- Currently more of an ambitious prototype than a finished product.
Singular’s Take: The Vision Pro signals Apple's evolving computing vision, promising but early, aiming to refine and potentially replace the iPad through gradual, ambitious enhancements akin to past Apple device evolutions.
2.) Looming Real Estate Crisis
High mortgage rates, elevated home values, and a scarcity of inventory characterize the challenging outlook for the housing market in 2024, as noted by experts like Selma Hepp from CoreLogic. The combination of these factors, coupled with the reluctance of homeowners who secured low mortgage rates in the past two years to sell, contributes to a constrained housing supply. Additionally, the Federal Reserve's aggressive rate hikes since March 2022 aimed at controlling inflation have led to higher mortgage interest rates, further dampening market activity. Despite a recent pause in rate increases, Fed Chairman Jerome Powell has indicated a readiness to raise rates again if necessary to maintain inflation targets, suggesting that elevated rates may persist.
Singular’s Insights: On the recession front, indicators such as GDP contraction, inflation, and a potential increase in unemployment hint at economic downturn risks.
Singular’s Take: While some economists predicted a recession in 2023 that did not materialize, current economic signals suggest possible stress points, including high inflation and credit card delinquencies. The housing market's future, amid these economic conditions, hinges on whether a mild recession occurs in 2024, which might not significantly lower mortgage rates, impacting prospective buyers. Despite fears of a market crash, analysts like Danielle Hale from Realtor.com anticipate a correction rather than a crash, supported by a steady economy and limited housing supply, though challenges such as labor market shifts and property tax increases could pressure home prices.
3.) Franklin Templetons 1.5T Crypto Bet
Franklin Templeton is advancing towards crypto mass adoption by registering the Franklin Ethereum ETF, a significant move designed to bridge the gap between traditional finance and the burgeoning world of cryptocurrency.
Spearheaded by Franklin Holdings, LLC, and with Delaware Trust Company serving as the Trustee, this initiative marks a departure from traditional investment structures, as it operates outside the Investment Company Act of 1940. The management of assets will be a collaborative effort between Coinbase Custody and Bank of New York Mellon, highlighting a blend of innovative and established financial services.
Singular’s Take: This strategic move by Franklin Templeton aims to furnish investors with a secure and regulated means to invest in Ether, underscoring the firm's commitment to facilitating accessible cryptocurrency investments.
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