A Thanksgiving Week Wrap-Up

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

AI Is More Likely to Cause a Labor Shortage. Here’s Why.

• Allison Schrager of Bloomberg News: There are two big worries when it comes to the rapid advances in artificial intelligence. The first is that it will lead to robot overlords that will eradicate humanity. The second is that AI will eliminate many jobs. The more likely scenario is that it creates a labor shortage, or at least a dearth of skilled workers who can make the most of the new technology.

Scenes From the Very Tardy September Jobs Report

• The Bonddad Blog: My takeaway from this more detailed look at the September numbers is yet more confirmation that spending on AI-related construction, and increased consumer spending in part from recent stock market gains, are likely the only two significant factors keeping the economy out of recession.

Demand-Driven Inflation Means That Rates Have to Stay Higher for Longer

• Torsten Sløk: Ultimately, the source of inflation is the critical variable determining the need for further Fed action.

Related:

• • • Bubbles, Debt, & Earnings
    • Q3 Review
    • Stokes Family Office Welcomes Daniel Becker as Managing Director

MARKETS NEWS

Six (Or Seven) Reasons to Be Thankful as Investors

• Ryan Detrick: In honor of the word of the year, here are six (or seven) reasons for investment gratitude.

Do We Need a Long Bear Market?

• Ben Carlson looks at the argument that a long, deep bear market might be overdue, noting that many modern investors have no lived memory of what one feels like.

When to Shut Up and Buy

• Downtown Josh Brown: Sometimes, partial information is better than waiting for the whole picture.

Related:

• • Market Timing & The Fed’s AI Challenge
  • Stokes Family Office Ranked Top RIA Firm by Financial Advisor Magazine For Third Consecutive Year

CHART OF THE WEEK

AI stocks linked to OpenAI are rallying in a reversal of recent trends. The AI pendulum appears to be swinging back in the other direction, at least for one day. (Via Luke Kawa, Sherwood News).

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.