Watching credit spreads with Nick and Jessica, "Bessent Fever," the ponzi sleeve

The Compound and Friends

Josh Brown

News, Business, Business News, Investing

4.8 • 1.9K Ratings

🗓️ 27 November 2024

⏱️ 100 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this TCAF Tuesday, Josh Brown is joined by Nick Colas and Jessica Rabe, co-founders of DataTrek Research, to discuss: bond spreads, investor confidence, the risks of excessive speculation, the U.S. labor market, valuations, and much more! Then, at 43:26, hear an all-new episode of What Are Your Thoughts with Josh and Michael Batnick! This episode is sponsored by Public. Discover how you can lock in a 6% or higher yield with a Bond Account at: http://public.com/wayt WAYT survey: https://www.surveymonkey.com/r/ZH7WNM7 Sign up for The Compound newsletter and never miss out: https://www.thecompoundnews.com/subscribe Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews LinkedIn: https://www.linkedin.com/company/the-compound-media/ 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 Josh Brown 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	Ladies and gentlemen, welcome to The Compound and Friends. This is our last show before the
0:05.8	Thanksgiving holidays. I want to start by saying, happy holidays to all of you. And thank you so
0:11.5	much for listening all year. You cannot imagine how thankful Michael, Ben, myself, Duncan, Sean, John,
0:18.5	Daniel, Nicole, Rob, Graham, all the people that, Char Kid, Matt, all the people who work so hard to put these shows out for you.
0:29.4	But we get so much love back from you all in return.
0:32.7	And I just wanted to start by saying, happy Thanksgiving and thank you so much for making this community awesome.
0:40.4	It's just incredible how far we've come in 2024.
0:44.5	It's millions and millions of downloads and views.
0:48.4	And it's all because you guys are a part of it.
0:52.4	Otherwise, we'd be talking, I'd be yelling into the void. So thank you
0:58.1	guys. We love you. Tonight show is epic. Nick and Jessica came by and we did a whole thing about
1:04.2	whether or not we're approaching a new Minsky moment. So you'll find out what that means in a bit. We talk about corporate credit
1:13.2	spreads being at 17-year lows relative to the risk-free rate on bonds. We talk about the
1:21.6	multiple on earnings going into 2025. And we take a look at why this market is not really comparable valuation-wise
1:31.2	to markets in the past. And as always, Nick and Jess will blow you away with how smart
1:37.7	they are and how they look at things. And then it's an only additional part of your thoughts.
1:41.8	Michael Batnik, it's me. We look at the legacy of the outgoing
1:46.7	SEC chairman, Gary Gensler. We take a look at the Ponzi phenomenon in markets these days.
1:56.0	Not really, we're pejoratively referring to things as Ponzi's that probably aren't Ponzi's, but whatever.
2:01.4	Go with me on that.
2:02.8	And we take a look at the Besson bump.
2:06.4	So incoming new Treasury Secretary Scott Bessent caught the attention of the markets this
	...

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