Are Messi and Taylor Swift Recession Indicators?

This week, we discuss the two biggest stories in not only the sports world but the world at large. We also dive into how people are living and spending their money and what that could mean for a recession as well as give updates on the bond and oil markets and ChatGPT vs the S&P 500. 

Key Takeaways

• [00:58] - Messi’s unprecedented move to the MLS
• [06:10] - The shocking LIV/PGA merger
• [09:27] - What does it mean that we’re not seeing significant recessionary indicators?
• [22:43] - Update on the oil markets
• [24:04] - The importance of who you listen to for financial advice

Links

• Messi sold more PSG jerseys last year ($130m) than total revenue for the top-earning MLS team, LAFC ($116m)
• Messi turns down $400M per year contract from Saudis
• Messi's deal includes profit sharing from Apple and Adidas
• Players shocked and angry after LIV/PGA merger
• Tiger Woods Was Offered LIV Golf Contract in $700M-$800M Range
• Nick Timiraos: Goldman Sachs cuts recession probability down to 25%
• Scott Grannis: The information we have to date strongly suggests that the Fed is done—no more hikes
• CNN Fear and Greed Index: Extreme Greed
• Jeffrey Kleintop: Bull markets don't wait for recessions to be over
• Charlie Bilello: US Bond Market in drawdown for 34 months, by far the longest in history
• WSJ: This Rally Is All About a Few Star Stocks

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.