The Most Bullish Backdrop (EP.380)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 2 October 2024

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 380, Ben Carlson and Michael Batnick discuss the biggest risk to the real estate market, why bull markets are different today, gold & stocks both hitting ATHs, the US economy is sitting pretty, wearable AI glasses, bullish housing demographics, Michael's favorite horror movies, and much more! This episode is sponsored by YCharts and Fabric by Gerber Life. Get 20% off your initial YCharts Professional subscription when you start your free trial through Animal Spirits (new customers only). Sign up at: https://go.ycharts.com/animal-spirits Join the thousands of parents who trust Fabric to protect their family. Apply today in just minutes at https://meetfabric.com/spirits. Sign up for The Compound newsletter and never miss out: thecompoundnews.com/subscribe Find complete show notes on our blogs: Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com 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	On today's animal spirits, Ben and I talk about why Tom Lee went so viral over the weekend.
0:10.0	Someone asked Michael and I why we leased cars instead of buy them, even though personal finance people say that's a no-no.
0:16.0	spoiler, it's fun.
0:18.0	We talk about the most bullish backdrop for equities, and it's not just me saying it.
0:22.0	The economist from Moody's, uh, will corroborate my story.
0:25.0	I tell a story about being a homeowner with a roof leak and the guy told me $500 is basically free and I thought that's a very good way to put the inflationary
0:33.5	period that we just lived through. And finally I've got this question before and
0:38.0	I never went through the exercise but so thank you for the most recent email. It's
0:42.3	October, it's Halloween, it's Horror Month.
0:45.0	What are Michael's favorite horror movies?
0:47.0	Stick around and find out.
0:48.0	Today's Animal Spirits is brought to you by our friends at Why Charts.
0:52.0	We're in a rate cutting season now. to you by our friends at White Charts.
0:52.8	We're in a rate cutting season now, not fall season,
0:56.2	not October.
0:57.5	What is the pumpkin spice season?
1:00.0	It's rate cutting season, it's pumpkin spice season,
1:02.4	it's quarter zip season, it's pumpkin spice season, it's quarter zip season.
1:04.7	That's true, I didn't get the memo.
1:06.5	So White Charts has a new white paper out that looks at asset class performance
1:11.3	when inflation is going lower.
1:13.3	So disinflation, which is kind of period that we're in.
	...

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