Happy New Year from Stokes Family Office. In this 1-year anniversary episode, Greg and Doug recap 2022 and look forward to 2023. They dig deeper past the forecasts and narratives to find factual reasons to be optimistic. The guys also discuss the importance of diversification across sectors and why pre-election years are historically bullish.
Key Takeaways
[01:10] - A recap of 2022
[05:19] - A historical look at the S&P500 during pre-election years
[08:26] - Reasons to be optimistic in 2023
[13:35] - The wide range of potential financial outcomes this year
[14:47] - Diversification - ranking returns by sector
[20:00] - Venture capital fundraising
[23:33] - Predictions on the Federal Reserve’s role in 2023
Quotes
[04:17] - “The sentiment is bearish…that we're entering an imminent recession. The Fed is trying to introduce higher unemployment and trying to bring the economy down in order to temper inflation. That is the narrative at this point in time, and I'm sure that's going to change in the next couple of months, but just be reminded that sentiment does not always dictate reality.” - Doug Stokes
[07:57] - “If you ignore the fundamentals, ignore the narrative, and just follow what actions are occurring in markets and look at history, then there's some positivity going along with that.” - Doug Stokes
Links
Cullen Roche
Morgan Housel: How Bad Are Wall Street Forecasts?
JC Parets: Pre-Election Years are Bullish
Sam Rho: 9 Reasons to be Optimistic
All Star Charts
Returns by Sector Rankings - All Star Charts
Santiago Solanet - Venture capital targets vs. funds raised
Andreessen Horowitz
% of car buyers committed $1000+ monthly payment
Tik Tok Investors
Dave Portnoy’s Trading Journey
Connect with our hosts
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.
