June 09, 2023

Are Messi and Taylor Swift Recession Indicators?

27 minutes

This week, we discuss the two biggest stories in not only the sports world but the world at large. We also dive into how people are living and spending their money and what that could mean for a recession as well as give updates on the bond and oil markets and ChatGPT vs the S&P 500.

Key Takeaways

[00:58] - Messi’s unprecedented move to the MLS

[06:10] - The shocking LIV/PGA merger

[09:27] - What does it mean that we’re not seeing significant recessionary indicators?

[22:43] - Update on the oil markets

[24:04] - The importance of who you listen to for financial advice

Links

Messi sold more PSG jerseys last year ($130m) than total revenue for the top-earning MLS team, LAFC ($116m)

Messi turns down $400M per year contract from Saudis

Messi's deal includes profit sharing from Apple and Adidas

Players shocked and angry after LIV/PGA merger

Tiger Woods Was Offered LIV Golf Contract in $700M-$800M Range

Nick Timiraos: Goldman Sachs cuts recession probability down to 25%

Scott Grannis: The information we have to date strongly suggests that the Fed is done—no more hikes

CNN Fear and Greed Index: Extreme Greed

Jeffrey Kleintop: Bull markets don't wait for recessions to be over

Charlie Bilello: US Bond Market in drawdown for 34 months, by far the longest in history

WSJ: This Rally Is All About a Few Star Stocks

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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.

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