Are You Middle Class? (EP.379)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 25 September 2024

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 379 of Animal Spirits, Michael Batnick and Ben Carlson discuss: our experience at Future Proof, melt-up possibilities in the stock market, what's left for ETFs, how many people are actually in the middle class, the death of the minivan, housing prices vs. demographics, cutting the cord, why Twitter is getting worse, and much more! This episode is sponsored by Innovator ETFs and CME Group. To learn how you can gain exposure to the Nasdaq-100’s potential upside, with built-in risk management against the downside, visit: Innovatoretfs.com Access CME Group's valuable educational materials and trading tools and learn more about what adding futures can do for you at: cmegroup.com/animalspirits Sign up for The Compound newsletter and never miss out: thecompoundnews.com/subscribe Find complete show notes on our blogs: Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to Animal Spirits. On today's show, we're talking about future proof.
0:03.3	One week later, we already have nostalgia for it.
0:05.3	Yes, future proof cemented itself as the best industry conference of all time.
0:09.2	Financial industry conference, at least that's my opinion.
0:12.0	Ben, we're getting old. What happened? How did this happen?
0:15.0	Father time is undefeated and we looked back at the time from between now and the financial crisis and it shows that we're getting old.
0:21.0	It's been a long time. We asked the question, are you
0:23.7	middle class? Lower, middle, upper, we tried to find it for us and for the rest of the
0:28.2	nation as well. Upper, but the identify as middle. Grocery stores. Have you noticed prices are coming down? I have. It's in the data.
0:36.0	We do online grocery shopping so I don't notice. You do? Yeah. Death of the minivan.
0:42.0	Why millennials are too cool to drive minivans and why it may be forcing them into the middle class lifestyle.
0:48.0	Stick around for more.
0:50.0	Today's show is brought to you by Innovator ETSBEN, NASAC 100.
0:54.7	Are you familiar with this index?
0:56.5	It's like the, it's on the S&P's corner now.
0:58.6	It's, it's the Tech Heavy, NASAC 100.
1:01.6	It's been one of the greatest performing investments of all time might be strong but I don't know what's better.
1:07.6	What's better than the Nasak 100? 20% per year now for over a decade.
1:11.6	It's not bad.
1:12.7	But the thing is, the NASDAQ 100 is a bit extra spicy.
1:17.7	A little bit more mustard than the S&P 500.
1:19.7	So there's a lot of, you know, deeper drawdowns.
	...

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