Ben's Bearish (EP.406)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 2 April 2025

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 406 of Animal Spirits, Michael Batnick and Ben Carlson discuss: auto tariffs, binary outcomes on Liberation Day, rising uncertainty, why household debt is going to rise, the Mag 7 bear market, the pros and cons of buffered ETFs, the bottom 50%, PE in 401k plans, a diverging housing market and more. This episode is sponsored by YCharts. Register for the YCharts x Nick Maggiulli webinar here: https://ycharts.zoom.us/webinar/register/6017424930774/WN_pt05FhS_SW2Q0dbtqFi8Bg 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 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	Today's Animal Spirits is brought to you by our friends at Y charts.
0:03.4	Our very own Nick Majuli of dollars in data fame.
0:06.3	Just keep buying.
0:07.7	Teamed up with Y charts and we'll be doing 29 years of market data.
0:11.7	They didn't want to round up to 30.
0:13.4	So looking at four different rebalancing strategies to see what the best approach is.
0:18.3	I would say horseshoes and hand grenades, but I'm sure Nick ran the numbers
0:21.1	perfectly here. If you're an advisor looking to understand rebouncing, portfolio allocation,
0:27.0	improved performance, good research from Nick. April 10th, live webinar with Whitecharts,
0:33.2	use the link in the show notes. Also, last week, Whitecharts gave us a demo of their new AI tool,
0:38.4	which we mentioned, which is awesome. I'm liking it. I'm using it. It's really well done.
0:43.4	They basically have an AI chat feature where you can type in questions, ask them to, I use it
0:49.5	for all sorts of different stuff now. Yeah, I'm using it. Yes. I asked last week, give me the, wait, did you just
0:55.0	become a tech, bro? AI is integrated in my life so easily. It's just give me the annual returns for
1:02.4	the U.S. housing market going back to 1990. Boom, done. Calculated. Here they are. Yeah, it's really nice.
1:08.4	Really cool. 20% off your initial subscription.
1:11.4	If you go to Whitecharts and tell them Animal Spirits sent to you, whitecharts.com to learn more.
1:20.0	Welcome to Animal Spirits, a show about markets, life, and investing.
1:24.2	Join Michael Batnik and Ben Carlson as they talk about what they're reading,
1:27.9	writing, and watching. All opinions expressed by Michael and Ben are solely their own opinion
1:32.5	and do not reflect the opinion of Ridholt's wealth management. This podcast is for
1:36.7	informational purposes only and should not be relied upon for any investment decisions.
	...

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