Talk Your Book: The "Tech Heavy" Nasdaq

Animal Spirits Podcast

The Compound

Investing, Business, News, Business News

4.7 • 2.1K Ratings

🗓️ 27 February 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show, we are live from the Exchange ETF conference in Miami with Phil Mackintosh, Chief Economist and Senior Vice President at Nasdaq to discuss where interest rates may go this year, if we're in a recession, IPO performance, 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	Welcome to Animal Spirits, a show about markets, life, and investing.
0:05.0	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
0:11.0	Michael Batnik and Ben Carlson work for Ritholds Wealth Management.
0:15.0	All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions
0:19.0	and do not reflect the opinion of Ritholds Wealth Management.
0:22.0	This podcast is for informational purposes only and should not be relied upon for investment decisions.
0:27.0	Clients of Ritholds Wealth Management may maintain positions in the securities discussed in this podcast.
0:32.0	On today's show, Ben and I are live from sunny Miami.
0:39.0	We're joined by Phil McIntosh. Phil is the Chief Economist from NASDAQ.
0:45.0	Ben, did you have a good time during the conversation and in Miami generally?
0:49.0	At a great time. Yes, Phil is a sharp guy.
0:52.0	One of my favorite parts of the conversation is we tried to hold Phil's feet to the fire a little bit and say,
0:57.0	hey, recession this year or no recession. He said, I don't know, I'm going to hedge.
1:01.0	I respected that because I feel like a lot of people in that economist seat would say, I know exactly what's going to happen.
1:07.0	This is going to happen this year and I think now is kind of in the macro world.
1:11.0	You're in a better spot if you can hedge a little bit and say, like, I don't really know, I can see two paths here.
1:15.0	I respect that. Actually, that's very much in line with economists
1:20.0	because there's that old famous Harry Truman saying where his chief economist kept saying on the one hand on the other hand,
1:27.0	what's with all these one handed economists?
1:29.0	I think if you are 100% certain about what's going to happen the economy this year,
1:33.0	I think you're lying to yourself, you're delusional.
1:35.0	I thought the rules were going to win the Super Bowl.
	...

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