Is a Soft Landing Inflationary? (EP.292)

Animal Spirits Podcast

The Compound

Investing, Business, News, Business News

4.7 • 2.1K Ratings

🗓️ 18 January 2023

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show we discuss why people still invest in stocks even when bond rates are high, international stocks are on a tear, the 60/40 argument that never dies, the Fed vs. the bond market, record high dividends in the stock market, why it's so hard to predict bottoms, Michael's NY Giants playoff game experience & 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 American Sentry Investments.
0:04.1	They launched a new ETF, SDSI is the ticker.
0:08.6	It is a short duration of strategic income ETF, which has been wholly unexciting for
0:14.9	the last decade.
0:16.4	We're going to start the show today by talking about bonds.
0:19.1	There was an article that just dropped in the Wall Street Journal, bonds over stocks.
0:24.2	Bonds over stocks.
0:25.2	How about that?
0:26.2	The new 60-40 portfolio.
0:27.3	This is the kind of space where, in the past, you didn't really have to think about
0:31.1	it.
0:32.1	Now, I feel like people have to be a little more consider about their exposures to the
0:35.0	bottom market because rates are moving so fast in both directions.
0:37.9	I'm looking at the portfolio here of this ETF.
0:40.7	Wearing an average coupon, around 4%, duration less than two years.
0:46.3	This is unthinkable.
0:48.3	Even though bonds got killed last year and it was really uncomfortable transition from
0:52.6	no rates to rates, finally, we've got some fixed income and the fixed income side of
0:56.1	the portfolio.
0:57.1	That's a beautiful thing.
0:58.1	In shorter duration, too.
0:59.1	So, if you want to learn more, go to AmericanCentury.com to learn more.
	...

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