Today's animal spirits is brought to you

by our friends at YCharts.

YCharts sent us a piece of research in the past week

called How to Discuss Hood and New IPO Stocks with Clients.

And I wish they would have sent me this

before I tried and failed to invest successfully

in the Robin Hood IPO because they have

some really cool charts in here

and they show the direct listed IPO returns.

And they show them on the first day of trading.

So this is Spotify, Asana, Palantir, Robox,

Coinbase, Squarespace, Dipper Cruder, and Robin Hood.

There's a lot of big name direct listings,

but there's only been like half a dozen.

Yeah, it's not that many, but I'm just saying,

so they broke it up by first day of trading.

And most of them did just, eh, okay,

the majority of them were down.

The ones that popped didn't pop that much.

The only ones with a big gain were Spotify and Squarespace.

And those were only up 12 and 15%.

But the first five days of trading,

...