An Economy Check-In

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, and retirement plan services to anything we found interesting.  Enjoy this week’s curated list for your weekend reading!

ECONOMY NEWS

Kevin Warsh as the Next Fed Chair

• Sonu Varghese: Warsh is positioning himself as a Fed reformer—favoring a smaller, simpler, and more independent central bank—but markets are reserving judgment for now.

Why the US Economy Beats Europe

• Michael Lind: President Trump’s war in Iran is petering out inconclusively. But the smart money — judging by US equity prices — is that American economic resilience will win the day. Big business is good, actually.

A Reality Check on the Inequality Panic

• Chelsea Olivia Follett: Calls for wealth redistribution rest on a faulty premise about inequality.

Related:

• • • • The Stokes Family Office Q1 Review
      • Private Credit, Recency Bias, and SpaceX
      • Refunds & Risk

MARKETS NEWS

Is The Market Healthy?

• Matt Cerminaro: Three charts that help explain why, in my opinion, the market is healthier today vs the last time we were at new highs.

Stay Educated

• Sam Ro: Successful investing feels uncomfortable most of the time—but sticking through that discomfort is exactly what leads to long-term gains.

Your Odds Are Not the Average

• Polymath Investor: What a coin flip teaches about compounding, ruin, and survival

CHART OF THE WEEK

Via Torsten Slok/Apollo Global Management – Inflation’s Drag on Public Markets: Periods of higher inflation are associated with weaker returns in the S&P 500 and the IG and HY indexes, consistent with a policy backdrop of elevated interest rates that restrain risk-taking. See more.

Want to hear more from our team? Check out the Lagniappe Podcast. 

Talking Baseball With NOLA Native & Former Big Leaguer, Johnny Giavotella

This week, we have a very special guest, Johnny Giavotella, a childhood friend of Greg & Doug Stokes and a former Major League Baseball player. The guys discuss Johnny’s career at the University of New Orleans and in the Majors, and his new role as the General Manager of the UNO baseball team, where he’s navigating this new world of the transfer portal, NIL, and kids specializing in one sport.

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.