From what happens historically after a rate cut to falling rent prices, here’s what you need to catch up on this week.
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
- Asking Rents for New Apartments Drop 6% to Lowest Level Since 2022, as Finished Buildings Soar
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- Asking rent for a new apartment fell to $1,746 in the second quarter.
- One-bedroom apartments fell the most, dropping 9% to $1,566.
- New apartment completions rose to the highest level in at least 12 years.
- We Get Either 4% Mortgage Rates or a Stable Job Market
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- A soft landing will limit Fed easing.
- For a substantial decline in home-loan rates, we need to see a substantial increase in unemployment.
- Voters Love the Policies That Economists Love to Hate
- WSJ: Economists and ordinary people often seem to inhabit different planets, but seldom has the chasm been this wide.
- Many Harris and Trump proposals loved by voters are hated by economists—and it isn’t partisan.
MARKETS NEWS
- The New Record High for Markets Is Not a “Sugar High”
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- Varghese: Amidst all the commentary around the rate cut, it’s easy to forget about what ultimately drives equities: profits.
- The Fed cut the risk of a recession over the next 6-12 months by signaling its intention to backstop the labor market, a tailwind for profit growth and markets.
- AI: From Evolution to Revolution?
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- A recent BoA survey found that analysts expect the newest AI wave to catalyze a technological evolution that touches every sector.
- Here’s What Happens to Markets When Interest Rates Fall, in Charts
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- With additional cuts expected in the months ahead, investors are looking to history to gauge what’s next.
- The good news: since the 80s, investments such as stocks and corporate bonds have tended to perform well in the 12 months after rate cuts begin.
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.
