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!
MACRO NEWS
- Fed Prepares for September Cut as Powell Shifts Focus to Jobs.
- Officials increasingly confident price stability is in sight
- Fed chief Powell focused on sticking soft landing for economy
- China’s Economy Falters, Raises Pressure for More Stimulus.
- China’s Q2 GDP grows less than forecast
- Factory output, retail sales growth slows
- More policy support seen needed to keep growth on track
- Typical Monthly Housing Payment Drops to $115 Below Record High As Mortgage Rates Decline.
- Daily average mortgage rates have dropped to their lowest level since February after last week’s cooler-than-expected inflation report
- Homebuyers get a bit of relief, but are still waiting on the sidelines.
MICRO NEWS
- Faulty Crowdstrike Update Causes Major Global It Outage, Taking Out Banks, Airlines And Businesses Globally.
- The outage affected computers running Microsoft Windows at organizations across various sectors, including airlines, banks, retailers, brokerage houses, media companies and railway networks.
- The travel sector seems to be one of the hardest hit, based on online chatter.
- Real-Estate Meltdown Strains Even the Safest Office Bonds.
- Defaults in a corner of the commercial real-estate debt market are surging, triggering losses.
- Small-Cap Stocks Can’t Stop Skyrocketing. Investors Can Thank the Fed.
- As Nvidia and Microsoft sell off, 92 percent of the Russell 2000 index’s gains for the year have happened in the last week.
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.
