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Holiday Weekend Reading

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

 

 

A Roller Coaster Year

  • The Transcript: With sharp equity market declines and questions about U.S. exceptionalism, 2025 has been a roller coaster experience for investors

 

 

Homebuilders Have New Competition for Lots. Data Centers.

  • Scott Finfer: Billions in AI infrastructure are driving up land prices and squeezing out residential development in Texas.

 

 

11 Charts on the State of the Labor Market

  • Sonu Varghese: We finally got more timely data on the labor market. The big picture is that the labor market continues to cool, with weak hiring but also relatively low firings.

 

 

 

Related:

 

 

 

MARKETS NEWS

 

 

The Offense Is Still on the Field (So Why Punt?)

  • JC Parets: It’s a risk-on market. We’re playing to win. Anything else is irresponsible.

 

 

Erb and Harvey Are At It Again

  • Joachim Klement: Erb and Harvey are once again cautioning investors that gold’s strong recent performance is unlikely to persist, as gold is a poor long-term inflation hedge and high current prices tend to imply lower future real returns absent a major structural change in demand.

 

 

The Big Picture: Earnings Will Do The Market Driving in 2026

  • Briefing.com: Valuations remain rich but sustainable in 2026 if projected 15% earnings growth materializes. Mega-cap tech stocks face a “prove-it” phase, with gains more measured on good news and the downside sharper if growth disappoints. 2026 has the potential to be a rebalancing year if the economy and interest rates cooperate.

 

 

Related:

 

 

 

 

CHART OF THE WEEK

 

Via Real Clear Markets, Fed easing cycles can be good for both stocks and bonds.

 

 

 


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

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