EVs, Interest Rates, & Economic Growth
May 29, 2026
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!
Joachim Klement: Long-term economic growth is the biggest driver of public trust in government and political stability — when people feel economically better off, they’re more willing to support existing institutions and leaders.
Why No US Recession? Free Spending By The Upper Class
Bonddad Blog: Gains by the uppermost in the income and wealth distribution have enabled such free spending that it has more than overbalanced the struggles of most of the rest.
What Are Rising Interest Rates Telling Us?
Ben Carlson: The 30-year Treasury yield is at its highest level since just before the Great Financial Crisis in 2007. Some think people are losing faith and trust in the government’s ability to rein in spending. Others are worried this is a sign that inflation is moving much higher. Some of these concerns are valid. But it’s not all doom and gloom. There are pros and cons when it comes to higher bond yields. There’s more nuance required here than a five-alarm fire.
Related:
An Early Sneak Peek At Wall Street’s 2028 Outlook
Sam Ro: A lot of things could go wrong between now and 2028. And if we’ve learned anything over the past few years, unexpected things happen. While we don’t know for sure what the next couple of years will look like, we can at least be certain that the publicly traded companies in the stock market will do whatever they can to generate earnings growth. Time and time again, Corporate America has proven it can adapt and evolve when challenged in its relentless pursuit of profits.
The Greatest Fundamental Analyst on Wall Street
JC Parets: The best fundamental analysts succeed not by building the most complex financial models, but by deeply understanding businesses, industry structure, incentives, and long-term competitive dynamics before the market does.
Lilly’s Triple-Acting Obesity Drug Hits Goal In Phase 3 Trial
Jonathan Gardner: Participants who stayed on the drug lost around one-quarter of their body weight, potentially setting a new benchmark for rivals like Novo Nordisk.
Via Natasha Bracken of Semafor, EV sales are soaring on the back of the Iran war and ever-falling battery prices. In a new report, the International Energy Agency forecast that nearly 30% of cars sold globally this year would be electric or plug-in hybrid. See More.
AI Tailwinds and US Market Resilience: Greg and Doug give an update on Iran as truce negotiations continue. They’ll explore the impact on global markets and the US economy’s resilience. The guys also discuss the ongoing, massive reindustrialization centered around AI and the potential long-term deflationary effects of these technological advancements.
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*Stokes Family Office does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstances.
