Market Timing & The Fed’s AI Challenge

Each week, the Stokes Family Office staff puts together a list of our favorite news and updates on all things 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

Why Companies Are No Longer Hanging On to Employees

• WSJ: The practice of ‘labor hoarding’—holding on to employees for fear of not being able to get them back later—has reached its end.

OpenAI’s $1 Trillion Infrastructure Spend

• Tomasz Tunguz breaks down the assumed spending plans, implied revenue needed, and deal structure/duration of this massively ambitious investment.

The Federal Reserve’s AI Challenge

• Desmond Lachman: Keeping the US economy on an even keel is not an easy task at the best of times. At a time of an AI revolution whose future is difficult to divine, it is all the more challenging to successfully steer the US economy.

Related:

• • • Rare Earths, AI CapEx, & Market Valuations
    • Q3 Review
    • A Real Estate Boom, A Swiss Model, & a Bubble Checklist
    • AI’s Effect On Human Thinking
  • Stokes Family Office Welcomes Daniel Becker as Managing Director

MARKETS NEWS

Microsoft, Amazon, & Google All Have Cumulonimbus-Sized Cloud Backlogs

• Jon Keegan: The top cloud companies can’t keep up with the searing demand for AI computing.

Should You Just Buy Stocks Until You Die?

• Jason Zweig: Stocks are never a sure thing, especially when everybody seems to think they are.

Should You Buy at All-Time Highs?

• Nick Maggiulli: Whether you are investing in U.S. stocks, international stocks, gold, or Bitcoin, the evidence suggests that all-time highs should not alter your regular investment plan. If anything, they’re neutral to slightly bullish in the short term.

Related:

• • Trade War, Wine, & Gold
  • Stokes Family Office Ranked Top RIA Firm by Financial Advisor Magazine For Third Consecutive Year
  • The Stock Market & The Economy Are Diverging
  • Viewing the Economy Through Different Lenses

CHART OF THE WEEK

In Jason Zweig’s article “Should You Just Buy Stocks Until You Die?“, he says luck plays an important role in investing. See below his graph comparing two identical investors with totally different outcomes based on the date they retired. Via Contessa Capital Advisors.

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. We are your local experts for Gulf South wealth management. Want to hear more from our team? Check out the Lagniappe Podcast.