Welcome to Animal Spirits, the podcast that takes a completely different look at markets and investing,

hosted by Michael Bannick and Ben Carlson, two guys who study the markets as a passion,

and invest for all the right reasons.

Michael Batnik and Ben Carlson work for Rit Holt's wealth management.

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions and do not reflect the opinion of

Ritt Holt's wealth management. This podcast is for informational purposes only and

should not be relied upon for investment decisions. Clients of Ritthold's

wealth management may maintain positions in the securities discussed in this podcast

Welcome to Animal Spirits with Michael and Ben then we've got a pullback in our hands. We have a pullback

By my calculations the S&P is down 6% from the highs which is just a few weeks ago

Nasdaq's closer to 8%. Actually international markets are

still down from the January highs they never actually retrace them.

Is that a technical term, retracement?

On emerging markets, what are they doing?

I got emerging markets down 23% from the January highs in IFA,

which is a developed foreign markets are down 14% from the January

highs.

So it's a it's a pullback in US stocks.

It's a correction in international stocks and it's a bare, I'm sorry,

international developed and it's a bare market in emerging market stocks.

The question is, is this a healthy correction anywhere?

It's pretty healthy.

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