December 01, 2023

What Does Record Travel & Shopping Mean For the Economy?

29 minutes

We dive straight into the bond market as it comes off its best month in the last 40 years. We’ll then discuss how interest rates are affecting residential & commercial real estate markets differently, what the Fed’s next move can/should be, the life of Charlie Munger, and the crazy spending on Holiday travel and shopping.

Key Takeaways

[00:13] - Patting ourselves on the back (momentarily) for our bond market takes

[03:41] - Differences in the residential & commercial real estate markets

[05:29] - Odds and prognostications for the Fed’s next move

[12:55] - The life and impact of Charlie Munger

[18:45] - What Thanksgiving & Black Friday mean for the economy

[25:08] - The S&P’s strong run continues + US vs International markets

Links

70% chance that the Fed cuts rates at their May 2024 meeting

Core PCE since June is running at a 2.4% annualized rate.

Charlie Munger, Buffet’s right-hand man, dies at age 99

11/26 was the busiest day ever at airports in the US

Black Friday Shoppers spent a record $9.8 billion online in the US

Zandi: The economy is meaningfully less interest rate sensitive than in times past

Goldman's Jan Hatzius Believes the Hard Part Is Over - Odd Lots

Meb Faber - the case for global investing

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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