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
Resilient Consumer, Messy Supply Chain
- The Transcript: Consumer spending appears to be surprisingly stable despite fluctuations in capital markets due to tariffs.
- Supply chains do not seem quite so stable, as companies rapidly try to adapt their sourcing strategies with varying levels of success.
America’s Economy is Stuck on the Tracks
- G. Elliott Morris gives data/charts to explain his metaphor that the economy is like a car stuck on train tracks with an approaching train (government policies), and a collision (recession) may be imminent and unavoidable.
Despite Negative Headline, Long-Leading Indicators Are Positive
- Bonddad Blog: “In ordinary times, the bottom line would be that, in Q1, both long-leading economic indicators contained in the GDP report indicated continued expansion through the rest of this year.
- Unfortunately, because of the tariff situation, these are not ordinary times, and indeed much of this report, both in positive and negative terms, was confounded by likely massive front-running of same.”
Related:
MARKETS NEWS
Tax and Tariff Fears Have Rocked Municipal Bonds. Why They’re Still Appealing.
- Barron’s: Many long-term munis now look like bargains. Here’s how to get tax-equivalent yields of up to 8%.
No Exception
- Adam M. Grossman encourages investors to reassess the assumption of American exceptionalism in their investment strategies and consider international diversification to manage investment risks effectively.
Always Invert
- Bob Seawright advocates for the deliberate use of inversion to enhance clarity and effectiveness in tackling complex challenges/avoiding mistakes, particularly in financial investing.
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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.
