Where Do the Markets Go Post-Iran MOU?

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 Good Family Fight

• Claudia Sahm: Warsh says he wants one, inflation demands it, and the dot plot is how we’d see it.

The AI Layoff Wave is Becoming a Powder Keg

• Connie Loizos: Tech layoffs hit their highest single month in two years last month, with nearly 40,000 cuts, and AI was the most-cited reason for layoffs across every industry for the third month running. There’s growing skepticism that AI is really the culprit, though.

The Crisis Iran’s Leaders Can’t Ignore

• Arash Azizi: The war between Iran and Israel and the United States has been an economic catastrophe for Iranians.

Related:

• The World Cup & The AI Whirlwind
• Housing, Sentiment, & Mega-IPOs
• EVs, Interest Rates, & Economic Growth
• The Stokes Family Office Q1 Review

Markets News

Why Most Stocks Aren’t Worth Owning

• Dan Lefkovitz: A small number of stocks drive most of the market’s long-term return.

A Market Perspective on Iran Truce Whisperings

• Fisher Investments Editorial Staff: Deal or no deal, the markets have long since moved on.

Lessons From The Original Tech Bubble

• John Cassidy: As the SpaceX IPO kicks off what is expected to be a wave of AI offerings, a new book turns to another speculative era—the railroad boom that culminated in the great panic of 1873.

Chart of the Week

Via Charlie Bilello, SpaceX officially became the biggest IPO in history, raising a total of $85.7 billion. That’s $60 billion more than the 2nd largest IPO, Saudi Aramco ($25.6 billion raised in 2019).

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.