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

The S&P 500 closed 2017 at 2673 and today on April 16th it's 2675 so there's been a lot of back and forth but no progress has been made.

I think a lot of people forget the fact that stocks are up so big in the first month or so of the year

so we've had all this moving around, but from the end of last year, nothing's really happened.

It's like the scene in Austin Powers where he's just moving back and forth in that car and heading the walls each time.

I love that one.

So when I saw the news on Friday night

that we were bombing Syria, my first thought

was not the markets.

I'm not that sociopathic. Obviously a lot of, you know, it's terrible people are dying and tragic and all that stuff. But when Sunday afternoon rolled around, I don't know, I guess I was I I really wasn't sure where the futures were

good open but I just assumed that we were going to be down like 1% and I you know

not meaning that we were going to open down 1% but I just thought that that was like the

the initial reaction was going to be a sell-off why not you know things have been choppy we had a

sort of mildly ugly reversal day on Friday stocks already 7 off the high. I just thought it was an excuse

to sell off. In 2017 the market didn't care about anything. Everything was sort of good news and

...