Coming off the heels of hitting a new high for the S&P 500, we’ll talk about how, why, and what it means that we are in a bull market. We’ll then examine the latest on earnings, inflation, and the effect of a massive cash surplus. With some football talk mixed in, we finish by taking a broader perspective to look back on lessons we learned in a post-COVID cycle.
Key Takeaways
[00:18] - China stumbles while the US market surges
[03:45] - We’re calling it: we’re in a bull market
[09:29] - Prices/costs, inflation, and the earnings outlook
[15:17] - Could the surplus of cash drive the markets even higher?
[18:32] - Truflation reaches the Fed’s goal of being under 2%
[22:03] - Reflections on a post-COVID market cycle
Links
Ro: the long game remains undefeated
Jason Kelce helps girl get a message to Taylor Swift during the Chiefs-Bills game
The equal-weight S&P 500's forward PE is 18, the lowest valuation for the index on an S&P 500 record high day since January 2020
Timmer: Rising tides lift most boats
WSJ: Wall Street hopes trillions in money-market funds will flow into stocks and bonds
Truflation: CPI Drops Below 2%: Fed Inflation Target Reached
Bilello: What does sitting in cash cost you?
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Doug Stokes
Greg Stokes
Stokes Family Office
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Disclosure
The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.
