Elon Musk, Bitcoin, and Election Impact

Elon Musk, Bitcoin, election aftermath, 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

• Elon Musk Spent $118 Million To Elect Trump. What Will He Get in Return?
  • Joe Lancaster asks “will the tech mogul put his thumb on the scale to help his own companies, or will he push for a broader deregulatory agenda?”

• October Consumer Inflation Firms, Driven – As Usual – By Shelter
  • The CPI report for October generally showed stable monthly increases, but slight increases in YoY comparisons.
  • The Bondad Blog parses out why the “hotter” inflation report is almost *all* about shelter

• Abundant Reserves Enabled a Soft Landing
  • Grannis: The Fed has regained control of monetary conditions, inflation has come down to its target, and the economy has managed to grow at a decent rate throughout the tightening. Abundant reserves arguably were the key.

MARKETS NEWS

• John Rekenthaler, VP of Research for Morningstar, Kicks Off Retirement With a to Tribute to the Miracle of US Equities

• The Bitcoin Factor
  • Roger Nusbaum examines Bitcoin’s recent surge, its potential to reach massive valuations, and its ability to significantly impact global economic issues.

• Elections Have Consequences
  • Josh Brown, CEO of Ritholtz Wealth Management, says the election’s Red Wave had a huge psychological impact on markets.

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.