October 20, 2023

Tales from the Dome + 1987 Black Monday + Bond and Real Estate Markets

27 minutes

We open with Saints sadness after a night in the Dome. Then on the anniversary of 1987’s Black Monday, we’ll look back at that historic day and how it compares to today’s choppy market. We’ll then take a deep dive into the bond and real estate markets before examining a narrative shift where good news is actually good news again.

Key Takeaways

[00:17] - The Saints are no longer fun

[03:45] - Looking back at the crash of 1987

[07:11] - How today’s choppy market compares to that historic downturn

[09:53] - The asymmetric bond risk to the positive we’re seeing right now

[13:15] - Predictions on the Fed raising rates

[14:48] - Mortgage rates hit 8%

[21:58] - Is good news good again and bad news bad?

Links

36 years ago today was the worst day in the history of the Dow

The choppiness of the market in just the last week

Dreams of big bond gains backfire with $10 Billion ETF loss

The Fed Whisperer on a notable shift from Powell

Odd Lots: This is what an 8% mortgage means for the housing market

Active housing inventory levels are increasing but still below pre-pandemic

Total US Real Estate Price Index (YoY%)

Job openings/creation, low layoffs, low jobless claims, high bank balances, rising net worth, capex spending = bullish?

Who consumes the most calories globally?

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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