Each week, the Stokes Family Office staff puts together a list of our favorite news and updates on all things Gulf South 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
- Mortgage Rate Relief is Coming.
- It’s now virtually certain that the Fed will cut rates at the September 18th FOMC meeting. The only question is by how much.
- Scott Grannis expects to see 10-yr yields settling down in a 3.5-4% range and mortgage spreads tightening to 150 bps or less, putting 30-yr mortgage rates at around 5-5.5%.
- The Robots Are Going to Take These Jobs. Thank Goodness.
- A new Tesla project aimed at training robots for routine materials movement.
- Brent Orrell opines that robots may wear out and need replacement, but they don’t suffer from repetitive motion injuries or require opioid prescriptions for chronic pain.
- GDP, Jobs, Money, and Inflation Overview
- Calafia Beach Pundit says the Fed has done enough to tame inflation.
- The economy is growing at an unspectacular pace, with risks slightly skewed to the downside (but no signs of a recession).
- Most importantly, financial liquidity conditions are strong, and the outlook for corporate profits remains healthy.
MARKETS NEWS
- If Populations are Declining — How Can Investors Make the Most of It?
- An aging, shrinking population will add to pressure on wages and pensions — but there are opportunities.
- Ford Shrinks Its EV Rollout Plans as Demand Lags
- Ford is canceling plans for a large electric SUV and expects to take $1.9 billion in related special charges and write-downs, as automakers continue adjusting their EV plans because of softer-than-expected demand.
- The Explosion Of Online Sports Betting Is Taking A Toll On How People Invest
- Since the Supreme Court overturned a federal law prohibiting it in 2018, online sports betting has put considerable sums into state coffers, but it has come at a notable personal expense to gamblers and their families. Those who participate tend to invest less and have higher debt levels.
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. Want to hear more from our team? Check out the Lagniappe Podcast.
