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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 Battnick and Ben Carlson work for Rit Holt's Wealth Management.

All opinions only and should not be relied upon for investment decisions.

Clients of RIT holds wealth management may maintain positions in the securities

discussed in this podcast.

So we're looking at a chart from Bank of America, Maryland. Record equity outflows over the past six weeks,

and this is in billions, so it's not exactly apples to apples with 2008

because of course the dollars are larger now than they were then.

But it's kind of interesting that we saw what

looks like just eyeball on the chart obvious record inflows in 2018 and record

outflows in 20, towards the end of 2018, I'm sorry.

Yes, and anytime you can draw the little circle and match it between now and 2008,

that's always a good visual, right?

Yes.

It's good enough to get people at least nervous or scared. I suppose this is an interesting chart

But I don't know so what does this mean? We've been talking about outflows for like five weeks now

Well here's a here's an article from CityWire USA.

Investors pulled 57 billion dollars from actively managed funds in November

and they put 56 billion dollars into passive funds during the same time. So here's a question for you. If flows

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