Passive is Eating the Market (EP.347)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 14 February 2024

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 347 of Animal Spirits, Michael Batnick and Ben Carlson discuss: why McDonald's is getting more expensive, the prospects for another bear market this year, fundamentals that drive stock returns, concentration in the S&P 500, Nvidia vs. China, tail risk strategies, consumer credit, commercial real estate, fixing youth sports, and more! Thanks to Spear Funds for sponsoring this episode. To learn more about the Spear Alpha ETF, visit: https://spear-funds.com/ Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com 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	Today's Animal Spirits is brought to you by Spear Funds.
0:02.4	Ben, a couple of weeks ago, you asked me if I knew what the best performing ETF was in
0:06.6	2023.
0:07.6	Turns out I did, right?
0:09.4	It was the Bitcoin miners or whatever?
0:11.4	Yes.
0:12.4	Well, according to Morningstar data, the Bitcoin miners or whatever? Yes.
0:12.5	Well, according to Morningstar data,
0:14.5	the Spear Alpha Fund was the best performing US Equity's
0:18.9	ETF, excluding leverage funds, of course,
0:21.1	because they don't count and excluding
0:23.1	crypto equities. What do you think this thing owns? I mean it's got to be a lot of AI
0:26.9	stuff right so this is a tech fund and so it says that they were early to the AI trend and they bought Invidian size at the bottom.
0:35.8	Which is hard to believe that it was this is a stock that was down 66% not that long ago.
0:42.2	And now it seems inevitable that it's at this size but this fund was up almost 90% last year.
0:47.0	Obviously it's going to be a volatile fund investing these types of technologies,
0:51.0	but I make sense that a fund like this would be the best performing
0:54.1	equity fund last year. So a lot of like a B-to-B industrial type AI companies in
0:59.3	here. Obviously past performance is no guarantee of future results as they say but it's true.
1:06.0	To learn more go to spear dash funds.com.
1:10.4	Welcome to Animal Spirits, a show about markets, life and investing.
1:17.0	Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.
	...

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