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Animal Spirits Podcast

The Cost of the American Dream (EP.384)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.82K Ratings

🗓️ 30 October 2024

⏱️ 64 minutes

🧾️ Download transcript

Summary

On episode 384 of Animal Spirits, Michael Batnick and Ben Carlson discuss: changing narratives in the markets, why interest rates are rising, why you should never take macro advice from hedge fund managers, why the S&P 500 is so hard to beat, living paycheck-to-paycheck on $150k, why the 2020s inflation was so painful, 7% mortgage rates, the downside of Waymo, and much more! This episode is sponsored by Global X and Kraneshares. To learn more about Global X’s entire suite of ETFs from covered calls, fixed income, emerging markets, and more, visit: https://www.globalxetfs.com Keep up on the latest out of China at China Last Night and learn more about the KraneShares CSI China Internet ETF at: https://kraneshares.com/kweb/ Sign up for The Compound newsletter and never miss out: thecompoundnews.com/subscribe Subscribe to The Unlock newsletter: https://www.advisorunlock.com/subscribe Find complete show notes 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 [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation.   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. The Compound Media, Incorporated, 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 show is brought to you by GlobalX.

0:02.2

Since 2008, GlobalX EDFs have been committed to empowering investors

0:07.2

with unexplored intelligent solutions.

0:09.9

GlobalX specializes in exchange traded funds

0:12.7

that offer exposure to the artificial intelligence ecosystem,

0:15.3

including themes like data centers, robotics,

0:17.4

semiconductors, and cloud computing.

0:19.3

To learn more about GlobalX's entire suite of EDFs

0:22.2

from CoverC's, fixed income, and

0:23.6

merchant markets and more, visit GlobalX EDFs.com.

0:27.6

Today's Animal Spirits is also brought to you by Crane shares. I am a daily reader of China last night from

0:35.4

Brendan to Hearn at Crane shares because I still hand up like don't always

0:40.7

understand what's going on in China. I didn't realize this.

0:43.0

Shanghai Index had its longest bare market by duration 875 days from September 2021 until February of this year.

0:51.0

Well, it's not like the rest of the world was in a

0:52.6

bull market over that time. Well there's a little bit. That was that was that was

0:56.5

sarcasm been East Coast. Yeah so I am still trying to understand what's going

1:01.9

on with stimulus in China. I think a lot of people

1:05.0

are almost too bareshan and I tend to lean like the other way. I'm being contrarian like what if it actually

1:09.1

works this time? So Crane shares puts out a ton of good information on this.

1:14.0

So what do they say?

1:16.0

The weekly distribution for Hong Kong growth stocks

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