Today's animal spirits is brought to you by our friends at Y-charx Michael a few weeks ago

We discussed some conflicting stats

either

We had to have a recession to bring inflation down or the stock market had to retrace more than 50% of its gains

And that's never happened before. We're going back to a new low

So it's kind of like something has to give here. Well something did give very quickly

Because the stock market just turned right around and now as of the clothes on Monday was down

23.8% and I got the drawdown chart on Y-charx here

I like how you can draw the minimum level you could do the lows and the highs in the average

So I put the low in here

23.8% is the new current largest drawdown in this bear market cycle

It took out the June lows just by a smidge and

We're there it happened very quickly thoughts. I agree with everything you said I didn't really say anything

It's spectacular. I just gave you the data. I agree with the data

Speak for yourself. We're going to I mean yeah come on say my thoughts for the show

Well, that's what thoughts on this show anyway

If you want to try to do another drawdown chart like us on Y-charx go to Y-charts tell them animal spirits sent you

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Welcome to animal spirits a show about markets life and investing join Michael batonick and Ben Carlson as they talk about with their reading

writing and watching

Michael batonick and Ben Carlson work for Ritholds 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 Ritholds wealth management this podcast is for informational purposes only and should not be relied upon for

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