Trump Coin (EP.396)

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 22 January 2025

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 396 of Animal Spirits, Michael Batnick and Ben Carlson discuss: a memecoin from the President, what's next for the crypto industry, the golden age of financial fraud, recessions are becoming less prevalent, how much income it takes to be rich, the Sonos app crash, Wall Street thinks houses are overpriced, youth sports for Millennial parents, and much more! This episode is sponsored by Nasdaq. To learn more about the Nasdaq-100® Ecosystem, visit: https://www.nasdaq.com/solutions/global-indexes/nasdaq-100 Sign up for The Compound newsletter and never miss out: thecompoundnews.com/subscribe Subscribe to The Unlock newsletter: https://www.advisorunlock.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 show is brought to you by NASDAQ.
0:03.7	Ben, Todd Sown made an incredible chart showing the declining percentage of the SMP 500
0:12.6	of the consumer staple sector.
0:15.2	The consumer staple sector.
0:17.2	So Costco, Walmart, Pepsi, like maybe some of those are discretionary, but like things that you can't live without, right?
0:23.2	The staples are smaller the whole sector than Microsoft, than invidia, than Apple.
0:34.0	Individually?
0:34.6	I didn't know that.
0:35.3	The NASDAQ 100 swallowed the consumer staple sector, I mean a long time ago, but now just individual
0:41.9	components are bigger than the entire staple sector.
0:46.2	So, NASDAQ tells us that the NASDAQ 100 started in 1985.
0:51.1	Eight of the 10, biggest companies in the world are in it.
0:57.5	It's like on the heels of the S&P in terms of name recognition now,
0:58.6	as terms of a benchmark.
1:00.6	I feel like this is all happening, right?
1:01.6	It's getting there.
1:02.7	It's very impressive. How about this?
1:03.4	Have you told me 10 years ago?
1:04.4	It would have been like, come on.
1:06.2	Right?
1:06.4	It would have been unthinkable.
1:07.3	But yeah, you're right.
	...

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