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

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

Subscribe and stay in touch

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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.