2023 Was an Earnings Story

Amidst a cloud of public negativity, we’ll combat the perma-bull narratives and go through a list of things you don’t see in a recession. We’ll then discuss why we might need to consider skipping our typical “rules of thumb” during this COVID period. Finally, with the new jobs report in hand, we’ll talk about what happens if the economy doesn’t slow down, what’s on the horizon for multifamily, and why market history shows that patience will be rewarded.

Key Takeaways

• [00:17] - Things you don’t see in a recession
• [03:41] - When it comes to our normal “rules”, COVID is just a weird period
• [09:06] - The new jobs report just came out
• [10:58] - What happens/what does the Fed do if the economy doesn’t slow?
• [12:44] - Is multifamily the next real estate sector to feel pain?
• [16:00] - Looking back at the COVID era froth of stocks
• [18:22] - Why the market’s history should help you become/remain optimistic

Links

• Things you don’t see in a recession
• What is the Sahm rule?
• November Jobs Report U.S. Job Growth Continues to Be Robust
• Odd Lots: Multifamily residential may also be in for trouble
• The most 2020/2021 bubble thread
• Since 1928 you've been more likely to finish the year w/a gain of 20% or more (34x) than a negative return (26x)

Connect with our hosts

• Doug Stokes
• Greg Stokes
• Stokes Family Office

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• 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.