Lagniappe

Listening to What the Market is Actually Telling Us


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While the negative narratives swirl, Doug and Greg Stokes look at the actual data to find encouraging signs in the markets. 

The guys also examine the latest tech layoffs and what they mean for the macro economy and they question why people listen to “investor gurus" and why pessimism is seen as a sign of intelligence today. 



Key Takeaways

  • [01:15] - High-growth tech companies are very sensitive to change
  • [03:13] - Tech layoffs vs. the macro employment data
  • [07:37] - A day in the life of a tech company employee
  • [11:01] - S&P 500 growth indices: tech vs. energy
  • [12:07] - S&P 500 above the 200 day moving average
  • [17:00] - Should we give credence to investment “gurus”?


  • Quotes


    [03:55] - “Bull markets climb a wall of worry, and every negative headline can be exacerbated into something that's doomsday worthy.” - Doug Stokes  


    [20:46] - “Having an optimistic mindset with the understanding that things happen over time and having diversification built into the portfolio for that low probability event makes a lot more sense to me than shifting entirely to a bias or mindset for whatever reason.” - Doug Stokes



    Links

    • WSJ: The changes in employee counts at high-growth tech companies
    • St. Louis Fed - Average monthly layoffs post COVID
    • A day in the life of a Google employee: before and after a layoff
    • Willie del Wiche: S&P 500 - 200 day moving average
    • Michael Burry - Big Short investor
    • Puru Saxena


    • Connect with our hosts

      • Doug Stokes
      • Greg Stokes
      • Stokes Family Office

      • Subscribe and stay in touch

        • Apple Podcasts
        • Spotify
        • Google Podcasts
        • lagniappe.stokesfamilyoffice.com

        • 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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