Today's animal spirits is brought to you by our friends at Y-charts.

Y-charts put together a little first half review for us and it's never a good sign

when it's called the highlights and low lights of the first half of 2022.

Anytime low lights is on there, not great.

What do we look at in here, Michael?

All right, two charts that I wanted to highlight.

They've got this really nifty screen showing performance since pre-COVID.

They're using February 18th as the start date and maybe not surprisingly,

the stocks that have gotten beat up the hardest all belong to a certain subset of the market.

Down 79 and 78% are carnival and Norwegian.

The worst three are actually cruise ships.

Yeah, royals held up better and not much, down 68%.

Then we've got Boeing, you've got wind resorts, you've got the airlines,

and then also in that group, which has nothing to do with the pandemic

and we're going to get into this later are the streaming services.

You've got Warner Brothers Discovery, HBO Max, Netflix, Dish, which is not really streaming,

but I guess same thing and then, well, not the same thing.

Then you've got like, casinos.

Well, it's like one of these things is now like the others because we have casinos,

cruise ships and airlines.

Those ones all make sense.

What's not like the others?

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