Bubbles, Inflation, & Macro Risks

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

What’s Ahead in 27 and Beyond for Inflation, Fed Rate Cuts, and More

• Preston Caldwell: As inflation cools and growth slows, we expect rate cuts in 2027 and 2028 that help reignite economic growth.

Top Three Macro Risks at the Moment

• Torsten Slok: The Middle East, AI, and inflation are the top three macro questions for investment committees today

A New Fed Chapter

• The Transcript: Fed Chair – what we’ve given markets is a new chapter for the central bank, some fresh thinking.

Related:

• Where Do the Markets Go Post-Iran MOU?
• The World Cup & The AI Whirlwind
• Housing, Sentiment, & Mega-IPOs
• EVs, Interest Rates, & Economic Growth
• The Stokes Family Office Q1 Review

Markets News

Crowded Trades Are Not Always Bubbles, But Valuation Still Matters

• Ryan J. Puplava: One of the hardest distinctions for investors is separating a crowded trade from a bubble.

Spotting Bubbles and Calling Tops

• Ben Carlson: Apparently June is the month to call a bubble if you’re a seasoned fund manager or prognosticator.

Should You Prepare For A Lost Decade?

• Roger Nusbaum: We spend a lot of time here trying to study and learn about how to make portfolios more robust to various types of risks including market risk (bear markets) and event risk (usually resulting in fast declines). One market risk might be a so-called lost decade.

Chart of the Week

Via Jake Angelo of SEMAFOR, oil prices have landed back to near pre-war prices as the US and Iran projected progress in peace talks, and more tankers passed through the Strait of Hormuz than at any time since the conflict began. But US retail gas prices have stayed north of $3.90, prompting President Donald Trump on Wednesday to accuse “Big Oil” of price gouging.

Read more here.

Lagniappe Podcast

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.