This week, we look at news from around the world from finding it difficult to see signs of an economic slowdown to the office market bottoming out and a lack of quality public US companies, and more!
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
- Where Is the Slowdown?
- Apollo’s weekly chart shows that it is difficult to argue that the US economy is slowing down.
- Looking Pretty Good: M2, GDP and Corporate Profits
- Scott Grannis says: “The monetary source of the Big Inflation of 2021-2022 has been largely extinguished, real economic growth has exceeded expectations, and corporate profits have been fairly spectacular.
- Are Manufacturing and Construction in a Synchronous Downturn?
- The Bonddad Blog: Although manufacturing is no longer a big enough slice of the US economy to bring about an economic downturn on its own, when it is paired with a downturn in construction, that historically has been a reliable harbinger of recession.
MARKETS NEWS
- The Stock Market Is Becoming a Dumping Ground
- Nir Kaissar of Bloomberg: A lot of people are worried about the shrinking number of public US companies, but quality is an even bigger problem than quantity.
- The Office Property Market May Finally Be at a Turning Point
- Fast Company: Analysts say the beleaguered U.S. office property market may be bottoming out, pointing to a string of sales of stressed properties at big discounts over the last quarter that have helped set a new pricing benchmark.
- What Happens to the Money Market Cash on the Sidelines?
- Ben Carlson: There is $6.3 trillion in money market funds right now, which is nearly double the amount that was in these funds pre-pandemic.
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.
