The Animal Spirits Indicator (EP.270)
Animal Spirits Podcast
The Compound
4.7 • 2.1K Ratings
🗓️ 17 August 2022
⏱️ 46 minutes
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| 0:00.0 | Today's animal spirits is brought to you by our friends at Y-charts. |
| 0:03.6 | One of the cool new features Y-charts has added for us in recent months is a new dashboard. |
| 0:08.6 | That means we get open up Y-charts. |
| 0:10.4 | I see the stock market performance, asset class performance, credit spreads, real estate, |
| 0:15.7 | all this good stuff. |
| 0:16.7 | One of the simplest ones because I'm a simple guy, major index performance. |
| 0:20.8 | I looked at it, we're looking at this as of Monday afternoon. |
| 0:25.8 | So I got the S&P 500, Dow Jones, Industrial Average, and Nasak Composite. |
| 0:30.9 | S&P 500 is now down 9.9% on the year. |
| 0:34.8 | The Dow is down 6.66%, kind of ominous. |
| 0:39.4 | The Nasak Composite is down 16.2%. |
| 0:42.2 | These numbers don't sound great on an absolute basis. |
| 0:44.4 | On a relative basis to what they were two months ago, they're kind of fantastic. |
| 0:48.4 | So we're going to talk about this today because the stock market has been doing well lately. |
| 0:53.6 | Speaking of ominous, I saw a movie this weekend and there was a trailer for an Exorcist |
| 0:59.9 | movie. |
| 1:00.9 | I don't know if it's like in the Exorcist family, but just so you know, are you fan of |
| 1:04.2 | those movies? |
| 1:05.2 | You're an Exorcist guy? |
| 1:06.2 | Probably not. |
| 1:07.2 | I don't do horror, sorry. |
| 1:08.2 | Thank you. |
... |
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