The Nothing Ever Happens Market (EP. 418)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 25 June 2025

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 418 of Animal Spirits, ⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠ discuss why investors are ignoring scary headlines, war vs the stock market, a slowdown in the labor market, not every bad thing is a crisis, all stock markets are concentrated, it's getting more expensive to own a car, Mark Zuckerberg is desperate, the stablecoin opportunity set, baby boomers are never selling their houses and more! This episode is sponsored by CBOE and YCharts. To learn more about Innovator's Dual Direction Buffer ETFs, sign up for their webinar at: https://innovatoretfs.zoom.us/webinar/register/2417506967204/WN_Fd98HRiuRBCw2OUqGRPyJw Visit https://go.ycharts.com/animal-spirits to start using AI Chat today and get 20% off your initial YCharts Professional subscription when you start your free trial through Animal Spirits (new customers only). 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 Instagram: ⁠⁠⁠⁠⁠instagram.com/thecompoundnews⁠⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠⁠twitter.com/thecompoundnews⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠linkedin.com/company/the-compound-media/⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠tiktok.com/@thecompoundnews⁠⁠⁠⁠⁠ 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 episode is sponsored by Innovator ETFs, brought to you by CBO, the Exchange for the World Stage.
0:06.2	Michael and I have had Innovator ETF CEO, Bruce Bond on the show a number of times to talk about their different strategies over the years and how they've changed and evolved, and they're definitely a leader in the defined outcome space.
0:17.9	They are coming out with a new strategy, July 1st, with the first dual-direction buffer
0:22.7	ETFs. These ETFs allow investors to make money in both positive and negative markets. So,
0:26.8	they're offering a 10% inverse and a 15% inverse version. For example, the 10%, if the market is down
0:33.5	10%, you would be up 10%, not just flat. So it's a different kind of hedge, right? It's one-to-one to the upside, up to the cap. So basically making money when others are losing it.
0:43.3	So it's a total inverse of the market. It's a strategy that's racked up billions in the
0:47.5	structured product wrapper, but will now be available in an ETF. Kind of crazy this hasn't been done
0:51.7	before. To learn more, registered for an exciting webinar.
0:54.9	Link in the comments.
0:56.7	Today's Animal Spirits is brought to you by Y-Charts.
0:59.4	If you haven't checked out Y-charts AI features lately, it's doing a lot more than just answering your questions.
1:04.6	So they launched this new AI market commentary module, and it's like intraday, your favorite thing.
1:12.3	Insights write to your dashboard. So if you want to know what's going on in the markets, what's moving the sectors, what are the macro headlines,
1:16.6	this AI tool updates every 15 to 20 minutes. So basically it gets you up to speed, you know,
1:21.0	if you're trying to figure what's going on. Advisors also putting in the AI chat to work for major
1:25.2	time-saving ways. I like it because you can just
1:27.7	write a question in there. It'll spit stuff out for you. But it's also presentation ready charts for
1:32.2	client reports and these sort of things. It's really helpful. You could use quick extract to turn
1:38.1	static PDFs into impactful portfolios, generating market recaps and quarterly updates to keep your clients informed.
1:47.7	All right. So this stuff helps you save time, build it right into your workflow. This is how
1:51.4	AI is going to work, I guess. Helping you create proposals faster, service insights quicker,
	...

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