Big Tech Stumbles, Bonds Shine, and Midterms Loom

Big Tech is taking a hit, but the broader market is holding its ground. This week on the Lagniappe Podcast, Greg and Doug Stokes examine the latest earnings disappointments among major technology companies, the changing influence of the Magnificent Seven, and why recent market volatility could present opportunities for long-term investors.

The brothers also discuss the increasingly attractive risk-reward dynamics in the bond market, including Treasury and municipal bonds, before turning their attention to the upcoming midterm elections and California’s proposed wealth tax.

Plus, they explore the Federal Reserve’s latest decision, the unintended consequences of higher interest rates, and how the ongoing conflict in Iran could influence inflation and financial markets.

Key Takeaways

00:17 – Halloween and fall in New Orleans

02:40 – The Magnificent Seven and diversification

05:04 – The opportunity in bonds

07:22 – Midterm elections and prediction markets

09:31 – California’s proposed billionaire tax

11:06 – The Fed’s pause and a December outlook

12:46 – Can higher interest rates fuel inflation?

14:21 – Labor shortages, Iran, and oil prices

15:43 – Congress and the War Powers Act

View Transcript

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• Greg Stokes
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Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener’s personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.

Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

Thank you for listening to the Lagniappe Podcast by Stokes Family Office.