Today's Animal Spirits is brought to by Y charts. I had a chart that I was looking to make, which was

a ratio chart of the NASDAQ 100 divided by the NASDAQ 100 equal weight. I didn't know how to do it. I contacted Y charts.

They told me it was very easy and it was very easy. I did that. It took two seconds and

what I wanted to show was we compare tech stocks to small cap stocks to the S&P 500.

Obviously, Tech stocks are outperforming everything, but they're also outperforming themselves.

So again, I created a this chart showing the cues versus the equate version and it's going

parabolic, it's going vertical, we'll talk about it in a minute.

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Welcome to Animal Spirits, a show about markets, life, and investing.

Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.

Michael Batnik and Ben Carlson work for Rit Holt's wealth management.

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions

and do not reflect the opinion of

Ritt Holt's wealth management. This podcast is for informational purposes only and

should not be relied upon for investment decisions. Clients of Ritt Holt's

wealth management may maintain positions in the securities discussed in this podcast

All right Ben it's Monday morning

Tesla started the day or it ended the weekend at a 412 billion dollar market cap it's up 9 or 10% today because why not?

Last week I wrote a piece called Modern Market Cap theory which was a play on MMT the idea that

there's no such thing as too much money what you really have to focus on are inflation and things like that.

So the question that I asked was does market cap matter? Is there no limit to how big these companies can get?

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