Solar & Stock Market Power

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

• Redfin Forecast: U.S. Home Prices Will Dip 1% By the End of 2025

  • Redfin economists expect the median U.S. home-sale price to fall flat in the third quarter, and fall 1% year over year by the fourth quarter.

  • When it comes to mortgage rates, they expect them to remain elevated near 7% for the remainder of the year.

• The Negative Impact of Tariffs on Earnings

  • Torsten Sløk Apollo Chief Economist: We are already beginning to see weakness in the economic data with a significant decline in the earnings revisions ratio since Liberation Day

• UK Firm Beams Solar Breakthrough

• • The system electronically steers its energy beam 360 degrees, eliminating moving parts.

  • 13x more power sent from space down to Earth.

Related:

• Company Guidance, Home Insurance, & the China Deal
• Recessions, Tariffs, and Muni Bonds
• 1st Quarter GDP Report

• SFO Quarterly Review: Q1 2025

• Emotional Investing, Biases, & Long Term Views

MARKETS NEWS

• Remembering Moments When I Thought Things Took a Permanent Turn for the Worse

  • Sam Ro writes, “One of the benefits of aging as an investor is that you accumulate invaluable experience and perspective by living through a lot of very bad economic and financial market events.”

  • “These include events when, in the moment, it felt like things had permanently taken a turn for the worse. But time after time, you’re reminded that you can’t keep the U.S. economy and stock market down for very long.”

• The Bond Market is Not Amused

  • The Bonddad Blog on the importance of Moody’s debt downgrade and the GOP budget bill.

• The Stock Market Remains Undefeated

  • Barry Ritholtz: There have been many winners and losers over the past few months. Perhaps none have been revealed for having furious, unbridled power more than the U.S. equity markets.

Related:

• • The Economic Ripple Effect of Tariffs
  • Recession Fears, Retirement Savings, & Inflation Drops
  • Stagflation, Geopolitical Risks, & International Investing

CHART OF THE WEEK

Via Mike Zaccardi, there is now just a 17% implied chance of a US recession in the next 12 months.

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.