The Most Confusing Rally of All Time (EP.410)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 30 April 2025

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On episode 410 of Animal Spirits, Michael Batnick and Ben Carlson discuss: a wild month of stock market performance, bear market rallies, a shift in tariffs, Amazon fighting back, an update on earnings, thoughts on conferences, a new Netflix recommendation, and much more! This episode is sponsored by Innovator ETFs. Visit: ⁠http://innovatoretfs.com/⁠ to learn more. 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 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 Animal Spirits is sponsored by Innovator ETFs.
0:03.0	We have had Innovator ETF founder Bruce Bond on the show a number of times on Talk Your Book.
0:08.2	People are worried about tariffs and political uncertainty and market volatility.
0:13.4	And Innovator ETF pioneered the buffer ETF.
0:16.7	I guess it was back in 2018.
0:17.9	We talked to them right away, I think.
0:20.0	And so these ETFs allow you to better define your upside and your downside.
0:25.6	What are the best calls of our career?
0:27.0	We know it right away.
0:27.8	Right when we saw it, this is going to be a big category.
0:30.7	Yeah, so they have buffer levels from like 9% losses to all the way to 100% covering everything.
0:36.4	BlackRock says $650 billion
0:38.5	outcome oriented ETF space. Is there a projection?
0:41.6	Visit innovatoretefs.com to learn more. Brought to you by Sebo, the Exchange for the World
0:47.6	Stage.
0:53.3	Welcome to Animal Spirits, a show about markets, life, and investing.
0:57.6	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
1:02.7	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of Redholz wealth management.
1:09.0	This podcast is for informational purposes only and should not be relied upon for any investment decisions.
1:14.8	Clients of Ridholt's wealth management may maintain positions in the securities discussed in this podcast.
1:22.9	Welcome to Animal Spirits with Michael and Ben.
1:25.3	We are coming to Chicago.
	...

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