Bear Market Lessons (EP.306)

Animal Spirits Podcast

The Compound

Investing, Business, News, Business News

4.7 • 2.1K Ratings

🗓️ 3 May 2023

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show, we discuss never shorting junk food, a purgatory market, why spending isn't slowing down, our first mortgage rates, the First Republic takeover, and much more! This episode is sponsored by Simplify. Learn more about Simplify ETFs at: https://www.simplify.us/etfs/svol-simplify-volatility-premium-etfFind complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com 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. Wealthcast Media, 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	Today's show is brought to you by Simplify Asset Management. Two weeks ago, Ben and I had
0:04.9	Paul Kim on the show to talk about their interesting suite of ETFs.
0:12.9	Diversify your diversifiers was the idea. One of them that's kind of interesting is
0:18.0	option premium through the VIX, right? Paul's way better explaining it thus,
0:25.5	but it's and they understand the VIX term structure better than I ever could.
0:30.0	That's an interesting one. S-ball is the name of that very high distribution because it's
0:36.1	using option premium and then the whole idea is that the option positions are trying to mitigate
0:41.4	drawdowns, right? When there's extreme period of volatility, it's kind of like a counter-cyclical
0:45.2	approach. Very interesting. If you want to learn more about Simplify ETFs, go to Simplify.us and
0:50.8	again, check out our talk your book with Paul Kim from a couple weeks ago called Diversify your
0:54.1	diversifiers. Welcome to Animal Spirits, a show about markets, life, and investing. Join Michael
1:02.3	Batnik and Ben Carlson as they talk about what they're reading, writing, and watching. All
1:07.1	opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion
1:11.6	of Redholtz Wealth Management. This podcast is for informational purposes only and should not
1:16.2	be relied upon for any investment decisions. Clients of Redholtz Wealth Management may maintain
1:21.2	positions in the securities discussed in this podcast. Welcome to Animal Spirits with Michael
1:29.2	and Ben. This happens once a month or so now where we're kind of in the same room doing a podcast,
1:35.2	unite, we're crossing each other, a little different setup. We're on what we call a team-building
1:39.4	experience. We'll be calling this conference. We call it that. Get away. Austin Texas. All they both?
1:44.7	Yes. You know where we're at? We're at like a wellness center. I'm calling it that. That's not what
1:50.4	it's called. It looks like that. So it feels like we're at, it feels like we're in the place from
1:55.2	the retreat from Fleischmann as in trouble. That's what this feels like. It's definitely a retreat
	...

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