There has been a lot of talk about the possibility of a recession in recent months. While it is impossible to know for sure what the future holds, there are still silver linings to be found.
In this episode, Doug and Greg talk about how global investment managers view the market, how the Federal Reserve is at the center of the market's action, and the silver lining in today's economic climate.
Key Takeaways
[00:25] - An overview of the 2022 midterm elections.
[03:21] - Global investment managers' view of the market.
[06:21] - How the Federal Reserve is at the center of the market's action.
[10:51] - The outlook for recession among global investment companies.
[14:11] - How the economic slowdown affects tech companies.
Quotes
[07:34] - "Just a reminder to people that whatever the message you receive from the Federal Reserve, I would not take that as gospel by any means. They are all just human beings trying to interpret data." ~ Doug Stokes
[09:06] - "Even the people appointed to forecast are horrible at forecasting. There are billions of financial interactions daily. How do you forecast all of that? That's an exercise in futility." ~ Doug Stokes
[15:21] - "It's not good to talk about an economic slowdown. The positive is that if you say one shoe falls after the other, we're on the last shoe under the HOPE (Housing-Orders-Profits-Employment) framework. And so, you would expect a rise in unemployment, the last piece of the puzzle for this cycle. Then you start on to new." ~ Doug Stokes
Links
Nate Silver
FiveThirtyEight
BlackRock
Charles Schwab
Lloyd Blankfein
Goldman Sachs
Rocket Mortgage
Bank of America
Charlie Bilello
Michael Kantro
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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.
