The Top 10 Risks to the Stock Market (EP. 419)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 2 July 2025

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 419 of Animal Spirits, ⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠ discuss recession hypotheticals, all-time highs in the stock market, the death of the permabear, international outperformance, a crashing dollar, the automatic investing revolution, yield magicians, fast food price inflation, AI vs financial advisors, the potential for a housing market correction and more! This episode is sponsored by Vanguard. Learn more at: https://vgi.vg/3GbOsYM 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 brought to you by Vanguard.
0:03.7	Vanguard is working hard to balance opportunity and risk for investors in this time of volatile yields.
0:09.9	We know financial advisors are working hard to do the same.
0:13.2	Visit vanguard.com slash fixed income today.
0:16.6	Important information.
0:17.8	All investing is subject to risk, including the possible loss of the money
0:20.8	you invest. Bond funds are subject to the risk that an issuer will fail to make payments on
0:24.8	time and that bond prices will decline because of rising interest rates or negative perceptions
0:28.8	of an issuer's ability to make payments. Vanguard Marketing Corporation Distributor.
0:42.3	Welcome to Animal Spirits, a show about markets, life, and investing.
0:47.3	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
0:52.1	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of Ridholt's wealth management.
0:58.4	This podcast is for informational purposes only and should not be relied upon for any investment decisions. Clients of Ridholt's wealth management may maintain positions in the
1:02.8	securities discussed in this podcast.
1:08.1	Welcome to Animal Spirits with Michael and Ben. Michael, last week you and I were in Chicago for a quick trip to do the Morning Star Conference, which was fun.
1:16.6	Cool seeing the people.
1:18.6	The night before we went out to dinner in the Fulton Street Market area of Chicago in the West Loop.
1:24.6	Lovely, lovely area. Really cool. And it's a Tuesday night and we are walking around and the place is bustling, right?
1:33.3	The restaurants are full.
1:35.3	They have these outdoor tables.
1:36.3	They're all full.
1:37.3	People are walking around.
	...

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