Today's animal spirits is brought to you by our friends at Y-charts.

One of the cool new features Y-charts has added for us in recent months is a new dashboard.

That means we get open up Y-charts.

I see the stock market performance, asset class performance, credit spreads, real estate,

all this good stuff.

One of the simplest ones because I'm a simple guy, major index performance.

I looked at it, we're looking at this as of Monday afternoon.

So I got the S&P 500, Dow Jones, Industrial Average, and Nasak Composite.

S&P 500 is now down 9.9% on the year.

The Dow is down 6.66%, kind of ominous.

The Nasak Composite is down 16.2%.

These numbers don't sound great on an absolute basis.

On a relative basis to what they were two months ago, they're kind of fantastic.

So we're going to talk about this today because the stock market has been doing well lately.

Speaking of ominous, I saw a movie this weekend and there was a trailer for an Exorcist

movie.

I don't know if it's like in the Exorcist family, but just so you know, are you fan of

those movies?

You're an Exorcist guy?

Probably not.

I don't do horror, sorry.

Thank you.

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