August 11, 2023

Doom & Gloom vs. Hype + UPS Drivers, Phil Mickelson & a Weekly Inflation Update

26 minutes

We start this week by looking at perma-bear prognosticators and on the flip side, the excitement and danger behind the hype of the “next big industry”. And staying on winners and losers, we’ll examine UPS drivers, the decline in petroleum interest, and Phil Mickelson’s eye-opening bets. We will, of course, finish with our weekly inflation update.

Key Takeaways

[00:17] - The doom-and-gloom-ers are back

[07:49] - The winners and losers of darling tech companies

[12:50] - It’s a good time to be a UPS driver

[13:50] - While oil is up, undergrad interest is way down

[18:31] - Phil Mickelson’s bets

[21:06] - What’s driving the decline in inflation?

Links

John Hussman predicts extreme bubble in stocks will end in tears

WeWork - from $47 billion to $270 million

NVDA joins 99 companies with the highest P/S multiple within the 500 largest stocks

From Apple to Amazon, the staggering cash-on-hand numbers

Full-time UPS drivers will earn $170,000 a year, on average, in new contract

Undergrad enrollment in petroleum engineering down 75% over the past 10 years

Vanguard Energy ETF

Since 1995, US Airfares have increased 29% on a nominal basis but have actually declined 36% after adjusting for inflation

New book alleges Phil Mickelson wagered over $1 billion, tried to bet on Ryder Cup

US CPI has moved down from a peak of 9.1% in June 2022 to 3.2% today

The demand for mortgages has evaporated

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.

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