Fast Food Inflation (AS.369)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 17 July 2024

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 369 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the two types of Fed rate cuts, a positive outcome from high inflation, the stock market was right again, the number of millionaires worldwide, Wingstop vs. Chipotle, how many renters could afford to buy a home, how much it costs to build a new house, why private markets aren't in a bubble, Kevin Bacon movies, and much more! This episode is sponsored by YCharts and CME Group. Get 20% off your initial YCharts Professional subscription when you start your free YCharts trial through Animal Spirits (new customers only). Sign up at: https://go.ycharts.com/animal-spirits Access CME Group's valuable educational materials and trading tools and learn more about what adding futures can do for you at cmegroup.com/animalspirits 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 Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com 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	On today's animal spirits, Ben and I discuss the number of millionaires worldwide,
0:05.7	why Chipotle is such a great business and why an idiot never bought the stock.
0:11.5	How much else it cost to build a new house? We'll tell you.
0:14.1	I share my disappointment with long legs, a movie I had been very much looking forward to
0:19.1	and finally Ben and I dissect Kevin Bacon's movie career.
0:23.2	We hope you enjoy the show.
0:25.1	Today's Animal Spirits is brought to you by Why Charts.
0:28.8	Michael, a lot of times when markets are boring like this,
0:32.1	it feels like there's not a lot to say to clients,
0:35.0	because there's not much happening.
0:37.3	The time to say something is typically when things are going crazy and there's a lot more
0:40.5	to say.
0:41.5	Why charts is here to help you with that?
0:43.0	Because they have their top 10 visuals for Prospect and client meetings and they have all these
0:47.9	different charts that you can use as jumping off points. Right? So one of my favorites, the Asset Location Quilt.
0:54.0	They've got some good stuff in the power of long-term investing and staying invested and
0:57.8	timing the market, dollar cost averaging versus lump sum, all this stuff.
1:01.6	Good stuff for client communication because I feel like the charts tell the story.
1:05.0	Amen.
1:06.0	Every quarter, Y charts updates is handy slide deck with fresh data and visuals help advisors easily explain complex topics.
1:12.0	Click the links in the show and I'll see what get your free copy of this and get 20% off your initial
1:16.6	white charts subscription if you tell them animal spirits sent you.
	...

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