Something Has to Break (EP.310)

Animal Spirits Podcast

The Compound

Investing, Business, News, Business News

4.7 • 2.1K Ratings

🗓️ 31 May 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today's show, Michael Batnick and Ben Carlson discuss Ben's guiding philosophy on life and markets, why people buy and sell stocks at the wrong times, NVIDIA's crazy run, why the economy remains so resilient, historic income gains at the bottom, greedflation, The Succession finale and more. Thanks to STF Management for sponsoring this episode. Visit https://stfm.com/ to learn more about their ETFs. Find complete shownotes 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 animalspiritspod@gmail.com 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. Wealthcast Media, 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 STF management. Ben, I've got a blog post. Remember those
0:05.7	things? I've got a blog post that's bacon in the oven right now. And the premise is that at the
0:12.9	beginning of the year, why take risk when you could get 4% risk-free? Right? That was like
0:20.0	reasonable thinking at the time. Yes, a lot of people were saying that. Well, guess what?
0:23.9	That's like 100 up almost 30% year to date. And this is why if you are going to invest,
0:31.7	you need rules because intuition just doesn't work. And for a lot of people when it's
0:40.5	scary and uncertain, you need rules to keep you invested, right? Like to keep you long when
0:45.0	things are going up. So, STF management has two ETFs. They're both active Tog and Tug at
0:51.1	Tug, Tug and that offer tactical risk management exposure on the NASDAQ 100.
0:56.0	Basically, trend following. Trend following the NASDAQ, it goes to either
0:59.6	treasuries or cash during a downtrend, invested in the NASDAQ 100 during an uptrend,
1:04.8	right? Which makes sense because this is a very trending index, as you can see.
1:08.5	We'll link to this in the show notes, but as always, especially with things that might be new to you
1:14.0	that are not simply a buy and hold, you have to understand the pros, the cons of every
1:19.7	strategy that you're investing in. So, please, do you own a research? We'll link to the show notes.
1:24.4	If you're looking for rules based, wait a, stay in the market when it's going up,
1:28.2	visit STFM.com.
1:33.9	Welcome to Animal Spirits, a show about markets, life and investing. Join Michael Batnik and Ben
1:39.2	Carlson as they talk about what they're reading, writing and watching. All opinions expressed by
1:44.1	Michael and Ben are solely their own opinion and do not reflect the opinion of Redholtz
1:48.3	Wealth Management. This podcast is for informational purposes only and should not be relied upon
1:53.2	for any investment decisions. Clients of Redholtz Wealth Management may maintain positions in the
	...

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