2025 is officially rolling and we’ve compiled our favorite stories from the first couple of weeks.
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
- 10 Charts Showing the US Consumer Is in Excellent Shape
- Apollo charts show that incomes are high, stock prices are high, home prices are high, debt levels are low, interest rate sensitivity is low, and banks are more willing to lend to households.
- There are significant upside risks to US growth, inflation, and interest rates as we enter 2025.
- Monetary Policy Trumps Tariffs
- Scott Grannis writes that there’s no need to worry about Trump’s threatened tariffs causing another bout of inflation.
- He says inflation is a monetary phenomenon that can only be caused by excess money, not artificially jacked-up prices.
MARKETS NEWS
- Are We Bullish Enough? (Redux)
- Nick Maggiulli revisits his 2020 projection that the S&P 500 could quadruple by 2030, reaching approximately 12,000 points.
- 2035: An Allocator Looks Back Over the Last 10 Years
- Cliff Asness of AQR Capital Management adopts a retrospective viewpoint from 2035 to evaluate investment performance over the preceding decade.
- All Eyes on Profit Margins
- Sam Ro writes, “the economy is expected to grow, but at a modest pace. This should help drive single-digit sales growth. But positive operating leverage will drive profit margin expansion, which will amplify earnings growth to a double-digit pace.”
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.
