Ready to Pop (EP.295)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 8 February 2023

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today's show we discuss the psychology behind big gains and losses, why retail traders are buying again, entertainment vs. advice with Jim Cramer, new bull market vs. bear market rally, value vs. growth. vs. rates, the strongest labor market of our lifetimes, tales from Miami 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 Y-charts, Michael, one of my
0:05.1	other favorite charts from Y-charts, US unemployment rate, but looking at a lot this year.
0:10.1	One thing I like about Y-charts, you can add the min, max, and average in the recession,
0:13.2	so I like to add a lot of features to the graph that aren't in there originally.
0:16.2	Oh, look at this.
0:17.2	We are at the low unemployment rate since 1969.
0:20.2	That was nice.
0:21.2	Very nice.
0:22.2	That was during wartime as well, to show how crazy we're going to talk a lot about the
0:25.3	labor market today, what that means for the economy, the Fed.
0:28.5	I mean, the spike obviously is crazy, but we're talking the whole of the 1970s, 1980s,
0:34.8	1990s, 2000s, 2010s, we never had unemployment this low before.
0:39.7	I think if you want to know why the economy continues to be so resilient, it's probably
0:43.4	this.
0:44.4	If you wanted to boil it down to one thing, the strength of the labor market.
0:46.6	If you want to check it out, some of these charts, Y-charts, go to them, tell them
0:50.9	to send you 20% off when you sign up for your first subscription.
0:53.9	Welcome to Animal Spirits, a show about markets, life, and investing.
0:58.6	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing,
1:03.3	and watching.
1:04.8	Michael Batnik and Ben Carlson work for Ritholds Wealth Management.
1:08.4	All opinions expressed by Michael and Ben or any podcast guests are solely their own
	...

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