Today's animal spirits is brought to you by our friends at Y-charts.

Michael, we've been playing around with a new feature on Y-charts lately.

They now have a scatter plot, which potentially came from a USN idea or was it them?

Me, not the break.

Michael's idea.

So, the idea is you're going to have two different points and you look at different metrics

or different companies and Y-charts sent us a few ideas here.

So, they looked at IPOs from this year in the US.

2021 IPOs alone.

Not great.

Yeah, they plotted the market cap and then the return for this year.

Out of almost 300, about two out of every three are down.

2021 IPOs.

That's pretty opposite point we saw last.

The only really good one here, I guess, is Lucid Group is up like 400%.

Some of these others I've never heard of Coinbase obviously is down.

Interesting.

So, they also looked at Trilling Dollar Companies and they looked at Market Cap versus

the Trilling 12-month net income.

And this is one of these deals where sometimes in a scatter plot you can actually find

things that make sense like there's a standard relationship you can draw a little line between

it and say, hey, this makes sense.

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