Buy the Dip is Dead (EP.288)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 21 December 2022

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show we talk about why the stock market is getting crushed this month, what one year's returns mean for the next year, why retail investors are still buying tech stocks, 3 scenarios for next year's market, the Fed's 2% inflation target, why there will never be a perfect economy, the Avatar sequel and much more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. (Wealthcast Media, an affiliate of Ritholtz Wealth Management, received compensation from the sponsor of this advertisement. 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. 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.) 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.
0:02.7	Michael, one of these charts have been going to more than any other this year on Y-charts
0:07.3	is the US inflation.
0:08.3	I think they have been going back to like the 1920s, 1910s, and it's all over the place,
0:12.6	but the great thing about it is you can take out one period of time and then you can export
0:16.8	the data.
0:17.8	So you can play around with the data too, which I've done.
0:19.5	So I pulled up the 1980s here.
0:21.4	Coming off the 1970s, we had double digit inflation, and then I looked at, okay, what happened
0:26.3	in the 1980s?
0:27.3	How long did it take for inflation to come down?
0:28.6	The poll last week said, under no circumstances, am I going to get off of this 2% target?
0:34.2	That's it?
0:35.2	No.
0:36.2	2%.
0:37.2	That's it.
0:38.2	We're staying there.
0:39.2	So I had to look at the extra inflation rate in the 1980s.
0:40.2	How often did it get there?
0:41.2	Below what?
0:42.2	2%.
0:43.2	Did it ever get below 2%?
	...

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