The IPO Frenzy Is Here & The Prediction Charlatans Are Back

AI Tailwinds and US Market Resilience

Greg and Doug give an update on Iran as truce negotiations continue. They’ll explore the impact on global markets and the US economy's resilience. The guys also discuss the ongoing, massive reindustrialization centered around AI and the potential long-term deflationary effects of these technological advancements. Key Takeaways * [00:17] - An update on Iran * [04:07] - US market resilience * [06:52] - AI tailwinds * [10:02] - What’s driving the growth of the stock market? * [13:15] - Ford, EVs, and AI * [16:17] - Technology is the ultimate deflationary factor View Transcript [https://drive.google.com/file/d/10nk2rv6ac5sFKm9adwSHgQe-FIpcXj_2/view?usp=sharing] Links * US Iran Agree on Further Truce Pending Signoff [https://www.bloomberg.com/news/articles/2026-05-28/iran-us-accuse-each-other-of-truce-breach-with-no-deal-in-sight] * Micron stock jumps after company tops $1 trillion in market cap [https://finance.yahoo.com/markets/article/micron-stock-jumps-after-company-tops-1-trillion-in-market-cap-134443842.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFJ4YsGffvSM7bw5ekl8SNrnEBPEVSCJZfW8HIht1G4M20j_kDJCKUTowDCcB8nLRpmGSrZc2y2oQDMEm_EF4ss2SgX_JyxDR6xXAj0yjFOzJt-84JtCr7US46HtY-O3Zofe5P598JXa8ZoOS1c-ywpPOrtrDo8cACplHXMhZ4vY] * EVs, hybrids to hit 30% of car sales in 2026: IEA [https://www.semafor.com/article/05/21/2026/evs-hybrids-to-hit-30-of-car-sales-in-2026-iea] * Roche: Deflation — not inflation — poses a bigger risk in the age of A [https://www.linkedin.com/videos/philrosen_deflation-not-inflation-poses-a-bigger-activity-7416116718030565376-xHMc/] Connect with our hosts * Doug Stokes [https://www.linkedin.com/in/doug-stokes-03716932] * Greg Stokes [https://www.linkedin.com/in/gregorystokesfamilyoffice/] * Stokes Family Office [https://stokesfamilyoffice.com/] Subscribe and stay in touch * Apple Podcasts [https://podcasts.apple.com/us/podcast/lagniappe/id1606560285] * Spotify [https://open.spotify.com/show/6xtFsJWYErp2bZfyhOzQux] * lagniappe.stokesfamilyoffice.com [http://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. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

The IPO Frenzy Is Here & The Prediction Charlatans Are Back

Greg and Doug Stokes analyze the recent market surge, IPO frenzy, and the implications of AI and tech stocks. They discuss upcoming IPOs like Cerebris and SpaceX, market bubble concerns, and insights from market experts like Michael Burry and Jeffrey Gunlock. Key Takeaways * [00:17] - The AI IPO frenzy has begun * [07:27] - Are bubble concerns unwarranted? * [09:35] - The prediction charlatans are back View Transcript [https://drive.google.com/file/d/1kIOcUKswn_AoKjzHLWVPMMjysgNIT9br/view?usp=sharing] Links * Matt Cerminaro: $100 Billion Companies [https://chartkidmatt.com/p/100-billion-companies] * Would We Be In A Recession Without AI Stocks? [https://trendlabs.com/would-we-be-in-a-recession-without-ai-stocks/] Connect with our hosts * Doug Stokes [https://www.linkedin.com/in/doug-stokes-03716932] * Greg Stokes [https://www.linkedin.com/in/gregorystokesfamilyoffice/] * Stokes Family Office [https://stokesfamilyoffice.com/] Subscribe and stay in touch * Apple Podcasts [https://podcasts.apple.com/us/podcast/lagniappe/id1606560285] * Spotify [https://open.spotify.com/show/6xtFsJWYErp2bZfyhOzQux] * lagniappe.stokesfamilyoffice.com [http://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. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

AI Is Fueling An American Manufacturing Resurgence

The market has shifted its story from the Iran conflict to the AI wave. How big and profitable can it be, and will companies grow into their lofty valuations? Greg and Doug break it all down and optimistically explain how this AI surge has brought back American manufacturing dominance.  Key Takeaways * [00:16] - Our weekly Iran and AI updates * [02:47] - Surprising, reemerging winners of the AI race * [04:38] - American manufacturing resurgence * [10:38] - Conflict and oil are not affecting the macro economy  * [13:56] - Forward-looking American optimism  View Transcript [https://drive.google.com/file/d/1C_Yyc0my2jys5KKgVu-dvlwGkN2hyJ7b/view?usp=sharing] Links * Ben Carlson: Higher Gas Prices [https://awealthofcommonsense.com/2026/05/higher-gas-prices/] Connect with our hosts * Doug Stokes [https://www.linkedin.com/in/doug-stokes-03716932] * Greg Stokes [https://www.linkedin.com/in/gregorystokesfamilyoffice/] * Stokes Family Office [https://stokesfamilyoffice.com/] Subscribe and stay in touch * Apple Podcasts [https://podcasts.apple.com/us/podcast/lagniappe/id1606560285] * Spotify [https://open.spotify.com/show/6xtFsJWYErp2bZfyhOzQux] * lagniappe.stokesfamilyoffice.com [http://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. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

Marveling at American Innovation

Before they head out to Jazz Fest, Doug and Greg analyze why the market continues to shrug off the Iran conflict, relate AI to this generation’s railroad construction, and praise the economic and technological prowess of the United States.  Key Takeaways * [00:17] - Come see us at Jazz Fest * [01:21] - Why the market doesn’t care about Iran * [04:38] - AI is the real deal * [07:22] - Tech’s historic capital expenditures * [11:22] - Gas prices are up, but way less here at home * [15:23] - The wonder of American innovation View Transcript [https://drive.google.com/file/d/1fvhT43SeWfZ9ieT1Q_w7bthiYCXF1Fye/view?usp=sharing] Links * Torsten Slok: The Radiologist Paradox [https://www.apollo.com/wealth/the-daily-spark/the-radiologist-paradox] * WSJ: Big Tech Strikes Gold With AI, but at a Steep Cost [https://www.wsj.com/tech/ai/big-tech-strikes-gold-with-ai-but-at-a-steep-cost-f6d82a22] * Amazon's $364 Billion Backlog is the Bull Case for its AI Spending Boom [https://finance.yahoo.com/markets/article/amazons-364-billion-backlog-is-the-bull-case-for-its-ai-spending-boom-135535292.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFJ4YsGffvSM7bw5ekl8SNrnEBPEVSCJZfW8HIht1G4M20j_kDJCKUTowDCcB8nLRpmGSrZc2y2oQDMEm_EF4ss2SgX_JyxDR6xXAj0yjFOzJt-84JtCr7US46HtY-O3Zofe5P598JXa8ZoOS1c-ywpPOrtrDo8cACplHXMhZ4vY] * Why Gasoline Is So Much Cheaper in the U.S. Than Overseas [https://www.wsj.com/economy/why-gasoline-is-so-much-cheaper-in-the-u-s-than-overseas-f6bd2309] Connect with our hosts * Doug Stokes [https://www.linkedin.com/in/doug-stokes-03716932] * Greg Stokes [https://www.linkedin.com/in/gregorystokesfamilyoffice/] * Stokes Family Office [https://stokesfamilyoffice.com/] Subscribe and stay in touch * Apple Podcasts [https://podcasts.apple.com/us/podcast/lagniappe/id1606560285] * Spotify [https://open.spotify.com/show/6xtFsJWYErp2bZfyhOzQux] * lagniappe.stokesfamilyoffice.com [http://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. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.

Talking Baseball With NOLA Native & Former Big Leaguer, Johnny Giavotella

This week, we have a very special guest, Johnny Giavotella, a childhood friend of Greg & Doug Stokes and a former Major League Baseball player. The guys discuss Johnny’s career at the University of New Orleans and in the Majors, and his new role as the General Manager of the UNO baseball team, where he's navigating this new world of the transfer portal, NIL, and kids specializing in one sport. Key Takeaways * [00:17] - Intro to Johnny Giavotella * [04:08] - How hard is Major League Baseball? * [10:45] - The stressful life of an up-and-down Big Leaguer * [12:52] - The shift to becoming the Baseball GM of UNO Baseball * [14:59] - The dynamics of the new NIL world * [21:59] - What Johnny does as GM of the UNO Baseball team * [24:16] - Holding kids back and specializing in one sport * [32:10] - Johnny’s pitch for UNO being great again View Transcript [https://drive.google.com/file/d/1SJjw9ngG0HeTpWL7-22TipysKwE9Lmt6/view?usp=sharing] Links * UNO Athletics [https://unoprivateers.com/index.aspx] Connect with our hosts * Doug Stokes [https://www.linkedin.com/in/doug-stokes-03716932] * Greg Stokes [https://www.linkedin.com/in/gregorystokesfamilyoffice/] * Stokes Family Office [https://stokesfamilyoffice.com/] Subscribe and stay in touch * Apple Podcasts [https://podcasts.apple.com/us/podcast/lagniappe/id1606560285] * Spotify [https://open.spotify.com/show/6xtFsJWYErp2bZfyhOzQux] * lagniappe.stokesfamilyoffice.com [http://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. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies referenced in our blogs/podcasts) or any other investment and/or non-investment-related content or services will be profitable, equal any historical performance level(s), be suitable or appropriate for a reader/listener’s individual situation, or prove successful. Moreover, no portion of the blog/podcast content should be construed as a substitute for individual advice or services from the financial professional(s) of a reader/listener’s choosing, including Stokes Family, LLC, a registered investment adviser with the SEC, with which the blogger/podcasters are affiliated.