Lagniappe

A lot is certainly happening all over the world. This week, we discuss the current geopolitical tensions, particularly focusing on the Israeli attacks on Hezbollah and the subsequent reactions from Iran. We analyze the impact of these events on global oil prices and the stock market, highlighting the surprising resilience of the markets despite these tensions.  The conversation then shifts to the...

Doug and Greg discuss the recent 50 basis point rate cut by the Federal Reserve, analyzing its implications on the economy and the labor and real estate markets. They explore market reactions, economic indicators, and the bullish/bearish conversations around a soft or hard landing. They also touch on the ongoing hurricane season and its economic impact, as well as a weekly update on the upcoming e...

This week, Doug and Greg Stokes interview Kyle Bass, Founder & Chief Investment Officer of Hayman Capital Management, and a prominent macro strategist. They discuss the current economic landscape, the implications of Federal Reserve policies, the real estate market, and the geopolitical tensions surrounding China and Taiwan.  Bass provides insights into the economic challenges facing the U.S. and...

As we brace for the first hurricane of the season, we hope everyone in the storm’s path stays safe.  This week, Greg & Doug Stokes discuss what a soft landing for the market means and the challenges faced by urban areas and the commercial real estate industry. They also touch on the yield curve, Fed cuts, and the upcoming U.S. presidential election as we continue to emphasize the importance of not...

This week, we welcome on special guest Walker Moody, President of Pickering Energy Partners based out of Houston. He’ll educate us on the geopolitical ramifications on the energy sector, from wars to our elections. Walker also tells where he sees the future of energy transition heading—in terms of investment—and why Pickering is focused on upstream investments and looking toward longer time horizo...

With the news out of Jackson Hole signaling that the Fed is ready to make cuts, what happens now that we’re heading into a rate-cutting cycle outside of the realm of emergency cuts in a recession? We’ll dive into how that affects real estate and the economy as a whole, and we’ll discuss the seemingly closed IPO window and a revised jobs report. Key Takeaways [00:18] - An aura of “mission accomplis...

This week we had a fascinating chat with Evan Loomis, General Partner at Overmatch and Founder of ICON.  We discuss investing in our defense and how the U.S. strategy is moving from big to small and from expensive to cheap. He’ll also educate us on our weak spots, how we compare to Russia and China, and how autonomous weapons and surveillance vehicles keep our brightest servicemen and women out of...

After seeing a 10% correction, the markets are knocking on the door again near record levels. It's never boring, and that’s why we love these weekly dialogues with you. We’ll also chat about what Chevron’s new drilling tech, the Super Bowl, and hurricanes mean for our local economy, and we’ll end —as we seemingly always do—with where we think rates are going.  Key Takeaways [00:18] - Walmart, Amaz...

What a week! Morgan Housel called this the biggest market decline since the last one you don't remember or care about. With talk of a flash crash happening and a recession looming, we’ll look at how Warren Buffet, Apple, and Japanese Yen played into a crazy ride over the past few days. We’ll also discuss historical market corrections and how the labor market has constantly evolved throughout histo...

There is a lot happening! Doug and Greg are back solo this week to talk about the markets. We’ll examine the affordability and performance of stocks outside of the Magnificent Seven. We’ll also look at AI and ask if the bubble has peaked and when can we expect to see a return on the massive investment. We’ll finish with a future-facing eye on a potential Kamala Harris tax agenda and why you should...

We’re pleased to welcome Jordan Strebeck, Co-Founder and Managing Partner of Fortress Energy, to the Lagniappe Podcast. Jordan walks us through his background, from New Mexico to Harvard to Midland, and why he chose to focus on minerals. We’ll talk about how technology and technique have changed the Permian Basin and the energy sector as a whole and discuss ESG, a narrative shift in the oil and ga...

We sat down for a fascinating conversation with Permanent Equity Founder and CEO, Brent Beshore. Brent is a pioneer in the micro private equity space so we loved picking his brain on how/why he created PE’s unique model, their risks/competition, how he finds businesses, and where he sees the private equity industry heading over the next 10 years. Key Takeaways [00:17] - Getting to know Brent Besho...

Happy Independence Day to you and your family. To commemorate the holiday, we’ll share what America means to us and reflect on how good we’ve got it. On the flip side, we’ll look at the aftermath of last week’s debate and the odds on what happens next. We’ll also discuss our expectations for rate cuts and the economic impact of Ozempic-like drugs. Key Takeaways [03:17] - Fallout from the disaster...

It’s debate day in America! We’ll mark the occasion by examining election predictions and what either result could mean for the economy. We’ll also discuss American strength/resilience and why the data says we’re not in a debt doom spiral. We’ll finish with a Roger Federer mindset as we look under the financial hood and find long-term optimism. Key Takeaways [00:17] - On debate day, we look at wha...

This episode is all about where we are vs. where we thought we’d be as we near halftime of 2024. Are we surprised by no rate cuts? Could a bullish real estate environment be on the horizon? Why isn’t there more news/outcry over the bond markets? We’ll look back to answer these questions and look ahead to the buzz of big sporting events and elections coming soon.  Key Takeaways [00:17] - Looking ba...

As volatility makes a return to regional banking, we’ll look at what the markets are telling us about the probability of a soft landing. We then say goodbye to Siri and hello to Apple’s new AI features and discuss the ins and outs of NVIDIA’s stock split.  Key Takeaways [00:18] - PIMCO says more regional bank failures on property are expected [04:51] - Banking strategy and economic growth post-Fin...

As economic data continues to show softness, we predict what that means for rate cuts potentially coming this summer. We’ll look at oil prices and discuss why whether you’re making business or vacation plans, the stability of prices is so important across the economy. Plus, airline travel and car sales are back! Key Takeaways [00:18] - Is the economy telling us that rate cuts are coming?  [05:01]...

NVIDIA is officially the financial story of the year so far, and we’ll look at what it means for the economy as a whole and the future of AI. And with advancements in tech, we’ll examine how that affects data usage and why commodities, not technology, might be the discussion point for the next decade. Key Takeaways [00:17] - NVIDIA is the story of the year [05:12] - Is NVIDIA the Cisco of today? [...

As we head into Memorial Day Weekend, we’ll touch on some of the biggest headlines including Trump’s Media company woes and an endless shrimp promotion leading to bankruptcy for Red Lobster. And with the bears dropping out of the conversation, we’ll look at forecast grades for industry experts and how long-term optimism plays into the equation.  Key Takeaways [03:25] - Trump Media hardships [06:37...

As markets hit all-time highs again, we’ll look at shelter being the key driver of inflation. We’ll also touch on Roaring Kitty, meme stocks, and why you can’t gamble on the markets. We’ll finish with the Scottie Scheffler story and take a look at the future of EVs and fossil fuel consumption. Key Takeaways [02:41] - Shelter continues to be the main inflation driver  [08:05] - Who is Roaring Kitty...

We jump into a conversation we recently had about the inverted yield curve and what it means as a recessionary signal plus, why the charlatans and doom-and-gloomers continue to pop up. We’ll then take a trip down memory lane, via stats and stories, about what investing was like in the early 2000s and what it’s like at all-time highs. We’ll finish with a reminder that although the short term can fe...

As earnings and economic growth deliver above expectations, the market is digesting new information from Jerome Powell and the Fed that rate cuts aren’t coming soon. We’ll look back at the last 30 years of returns and ahead to the next 10 years of prices, discuss offshoring jobs, and give bond market and inflation updates. Key Takeaways [00:19] - Fed Day breakdown [05:07] - April brought a much-ne...

It’s peak season in Nola with Jazz Fest, the Zurich Classic, the Pels in the Playoffs, and town is buzzing. We’ll zoom out to examine what all that spending means for the national economy. We’ll also look at wide-breadth market participation and why despite a sell-off in tech, the rest of the market is holding up well. We finish with a rearview mirror view of COVID-era oil prices, how we missed a...

While the debt doomers circle, we’ll examine why no one is good at forecasting and why widely acceptable notions of cross-asset correlations are wrong. We’ll also focus on the market's strengths and discuss the incredible power of America’s dollar, wages, and efficient energy output. Key Takeaways [00:17] - Inflation Update + shelter’s outsized effect [06:33] - Disinflation + the debt-doom loop [0...

New CPI data is here, and the economy continues to run hotter than the market was expecting. What does that mean for the Fed cuts we’ve been talking so much about? And are we now in a position to be more accommodative if the market does stall? All of that, plus global parenting trends and our hopes for Tiger at Augusta.  Key Takeaways [00:17] - CPI Day + Will they or won’t they make cuts? [05:20]...