Welcome to Animal Spirits, the podcast that takes a completely different look at markets and investing,

hosted by Michael Bannick and Ben Carlson, two guys who study the markets as a passion,

and invest for all the right reasons.

Michael Batnik and Ben Carlson work for Rit Holt's wealth management.

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions

and do not reflect the opinion of

Ritt Holt's wealth management. This podcast is for informational purposes only and

should not be relied upon for investment decisions. Clients of Ritthold's

wealth management may maintain positions in the securities discussed in this podcast.

Welcome to Animal Spirits with Michael and Ben.

When we first started this podcast, one of the episodes that we threw away, because the content was bad but because we were

terrible was this.

Corey Hofstein posted a question on Twitter a few months ago.

Something along the lines of what are you 100% certain on in terms of financial markets going forward?

I don't remember exactly how we place a question, but that was sort of the gist of it.

And you and I had something of an epiphany this week, maybe that's too strong of a word,

but why don't you share what we feel really confident about going forward?

One of the things that we've done a lot of work on over the years is volatility regimes in the market, and're not exactly not we came up with

ourselves we're kind of piggybacking on the work of other people that came before us

but the idea that volatility begets more volatility in the markets and that's something

that just because of human nature that I'm fairly sure of so if you look at the

gains and losses on a daily basis since October 10th alone there's been a been a down day of more than 3%,

...