Bonds, Gold vs Bitcoin, & A NVIDIA Short

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

Understanding Strong GDP Growth Amid Weak Labor Markets

• Larry Swedroe: One question I’ve been fielding frequently concerns the apparent paradox between the robust GDP growth in recent quarters and the persistent weakness in labor markets. Here’s my analysis of this economic puzzle.

Q3 GDP Tracking: Missing Data!

• Bill McBride: Due to the government shutdown, BofA and Atlanta Fed data remain unchanged for real GDP growth in Quarter 3.

Trump’s AI Policy Is Indefensible

• Derek Thompson: Trump, the White House, and their defenders claim that trade is bad and tariffs are good. So how on earth do they defend America’s AI policy, which is the opposite in every way?

Related:

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

MARKETS NEWS

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

Callum Thomas is calling this ‘The Great Deleveraging‘, saying, “Thanks to scars of the financial crisis spurring folk to be more prudent with debt and of course — more to the point: the dream run in stocks and property on the asset side. US household leverage (as measured by debt as a % of assets) has dropped to multi-decade lows.”

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.