What incoming data says about a soft landing, did the Fed make a mistake and how much should they lower rates, why you should and shouldn’t buy bonds, and more.
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
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- Looking at incoming data on jobless claims, credit/debit card transactions, bankruptcy filings, retail sales, profit margins, and more.
- Torsten Sløk, Apollo Chief Economist, says the bottom line is that the US economy is not in a recession, and there are no signs of one on the horizon.
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- Cullen Roche believes the Fed regrets having not cut in July, and that there’s a reasonable argument that they should cut 50bps to make up for it.
- But he explains why he thinks they’ll go 25 bps.
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- Sam Ro opines that it’s fair to argue the Fed hiked rates too late in the context of inflation, but it’s not fair to argue they made a mistake — considering the goals of monetary policy in their entirety, which include promoting maximum employment.
MARKETS NEWS
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- Bonds have regained the haven property that made them desirable for 60/40 portfolios, but other factors matter more.
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- Ben Carlson advises investors to choose an asset allocation you would be comfortable holding during bull markets, bear markets and everything in-between.
- Getting more conservative or aggressive sounds like an intelligent strategy until you make a mistake at the wrong time.
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- Joe Wiggins writes that survival is the primary investing goal ahead of maximizing returns.
- Long-term investing has many benefits, but to enjoy them, we need to find a way of reaching the long-term.
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.
