No Soft Landing (EP.282)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 9 November 2022

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's episode we discuss the Fed sending us into a recession, our only chance for a soft landing, why predicting inflation is so difficult, why there is no such thing as a normal market, the biggest risk in crypto, why Chevy Chase was a one of one 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 Wycharts.
0:03.2	Wycharts sent us this Q3 2022 fund flows recap, we'll have a link in the show notes for
0:08.6	it.
0:09.6	Interesting though.
0:10.6	So they go through the broad category for mutual funds and ETFs and they show inflows
0:13.9	and outflows, money markets, alternatives, stocks, bonds, commodities.
0:18.5	Here's an interesting one to me.
0:20.1	Money markets by far took in the most money.
0:22.2	Looks like $22 billion in change, bonds had outflows of more than $34 billion.
0:29.1	Stocks, too.
0:30.4	Stocks had some outflows, too, yes, more than $28 billion.
0:33.6	But do you think the majority of that money market fund is just people saying, I'm done
0:38.9	with bonds, I'm losing money, I'm just going to cash.
0:41.3	Yes.
0:42.3	That has to be a lot of it.
0:43.3	People are reassessing and going from bonds to money, because money markets finally
0:46.7	pay something now.
0:47.7	Yeah, I think they're up to almost 3%.
0:49.7	Yeah, 3% and a lot of it.
0:51.0	So I think a lot of people are saying, if interest rates keep rising, I'm done with bonds
0:54.7	for a while.
0:55.7	I'm going into money markets.
	...

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