Can the Markets Cause a Recession (EP.249)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.7 • 2.1K Ratings

🗓️ 23 March 2022

⏱️ 47 minutes

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Summary

On this week's show we discuss the crazy moves in interest rates, mortgage rates going much higher, how to think about bond yields right now, why the U.S. consumer will keep spending even with higher prices, the housing market is very unhealthy right now, betting on the Oscars and 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. 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 Nasdaq. They just released a really neat report on the
0:05.6	shifting profile of retail investors that we will obviously link to in the show notes. So Ben,
0:11.4	in this report, they said, when asked which companies they were aware of? See, this is a survey
0:17.2	we can get behind. It's not a survey. It's just, it's not, are you good at buy stocks in 12 months?
0:21.2	It's yes or no questions, right? So believe this data. This is not with the grain of salt data.
0:25.2	This is real data. When asked which companies they were aware of, the following scored the highest
0:30.6	among all respondents regardless of age, okay? So you've got the wise, the millennials, the boomers,
0:35.5	and everything in between. 95% is a JP Morgan. Who are the 5%? Who doesn't know JP Morgan?
0:41.4	Is that possible? All right, it's possible. 92% of said fidelity. 95% of anything is pretty high.
0:46.9	Fair. I guess. Maybe that's just an upper bound. So 92 each for fidelity and for Schwab. They asked
0:53.7	Gen Z, which is, I guess, Gen Z comes after millennials. So those are like the youngest investors.
1:00.2	They asked Gen Z if they were aware of the company. And these are their recognition. So Robin Hood, 64%.
1:09.7	Vanguard, 38. Fidelity, 29 JP Morgan, 20% interesting. So Robin Hood totally, totally dominates.
1:19.1	And yet the market cap, what's Robin and stock doing? Still getting crushed?
1:23.4	So I guess that also shows how brands matter a lot in certain cases but not a lot for younger people
1:30.8	probably. I'm calling it. I mean, Robin has been trying to bottom. I think it's, I think it
1:34.7	bottomed. I think it's enough. Okay. Keep trying. No, no, it stopped. Listen, there's not an opinion.
1:40.8	Factually, Robin Hood stock stopped crashing. That's not an opinion. Well, it's not an opinion.
1:46.5	It just did. It stopped going down. Right. All right. If you would like to learn more about
1:51.4	the shifting profile of retail investors, head on over to the report that we will put in the
1:56.7	show notes. Welcome to Animal Spirits, a show about markets, life and investing. Join Michael
2:03.6	Batnik and Ben Carlson as they talk about what they're reading, writing and watching.
	...

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