Each week, the Stokes Family Office staff puts together a list of our favorite news and updates on all things Gulf South Wealth Management. From financial planning, portfolio construction, tax and estate planning, retirement plan services to anything we found interesting. Enjoy this week’s curated list for your weekend reading!
ECONOMY NEWS
- From Soft Landing to Emergency Landing?
- A weaker labor market report raises worries about the Fed’s response.
- If the Fed is too slow in adjusting rates, do we risk economic stagnation?
- Slowing, but Still a Soft Landing.
- Apollo charts show the soft July employment report is inconsistent with the hard data for economic activity.
- There are no signs of a slowdown in restaurant bookings, TSA air travel data, tax withholdings, retail sales, hotel demand, bank lending, etc.
MARKETS NEWS
- Don’t Panic: It’s Not 2022 All Over Again.
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- Morningstar looks at the differences in their ‘22 vs. ‘24 outlooks: inflation, interest rates, economic growth, and the Fed’s monetary policy.
- They recommend a “steady as she goes” approach saying, “with the broad equity market trading just a little over fair value, we advocate for investors to position themselves at a market weight within their targeted long-term asset allocations between equity and fixed income.”
- Voting Machines vs. Weighing Machines.
- Do accounting variables predict stock market returns better than market-based measures?
- Joachim Klement advises focusing on 3-month or 3-year forecasts.
- Ben Carlson: This is Normal.
- S&P 500 has finished the year up double-digits in 56 of 96 years since 1928.
- 45% of the time when the stock market has been up 10% or more, there has been a correction of 10% or worse on the path to those gains.
- Volatility is the price of admission when it comes to investing in equities.
Stokes Family Office is 100% Family Owned, and has been continually operating in the New Orleans Area for over 35 years. As a family office, we are focused on family wealth, financial planning, and tax planning. Want to hear more from our team? Check out the Lagniappe Podcast.
