Who Is Winning the Trade War? With Michael Batnick (Ritholtz Wealth Management)

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.4 • 1.4K Ratings

🗓️ 7 August 2025

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today Nicole taps into market insights with Michael Batnick, Managing Partner at Ritholtz Wealth Management and cohost of The Compound and Friends podcast—alongside Money Rehab regular, Josh Brown. Nicole and Michael dive into whether the fallout from Trump-era tariffs and the “TACO Trade” has run its course, and where interest rates might be headed next. Plus, in a round of Bullish or Bearish, Michael shares his takes on some of the market’s buzziest names, including Palantir, UPS and American Eagle. For more Michael, subscribe to The Compound and Friends This podcast is for informational purposes only and does not constitute financial, investment, or legal advice. Always do your own research and consult a licensed financial advisor before making any financial decisions or investments. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. As part of the IRA Match Program, Public Investing will fund a 1% match of: (a) all eligible IRA transfers and 401(k) rollovers made to a Public IRA; and (b) all eligible contributions made to a Public IRA up to the account’s annual contribution limit. The matched funds must be kept in the account for at least 5 years to avoid an early removal fee. Match rate and other terms of the Match Program are subject to change at any time. See full terms ⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. *APY as of 6/30/25, offered by Public Investing, member FINRA/SIPC. Rate subject to change. See terms of IRA Match Program here: public.com/disclosures/ira-match.

Transcript

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0:00.0	If you take only one thing away from today's episode, money rehabbers, let it be this.
0:04.0	In my not so humble opinion, Public is the best brokerage for investing in bonds, stocks,
0:09.2	ETFs, options, and even crypto.
0:11.5	You can try it out for yourself and see why I love it so much at public.com slash money rehab.
0:16.5	Public is legit the only platform I use to buy bonds.
0:19.8	Before Public, I used to buy government bonds the hard way. Slow websites, confusing interfaces, website designs straight out of the early 2000s. Just picture where fun goes to die. That was it. And then I found Public. About five years ago, and I have not looked back. I can now finally buy bonds without wanting to rip my hair out.
0:39.1	Public makes it so easy to buy bonds, whether you're into treasuries or corporate bonds, you can
0:43.6	browse thousands of options right from your phone. But like I said, public isn't just all about
0:48.3	bonds. You can also find stocks and ETFs, and they offer a high-yield cash account with a 4.1% APY, which is higher than the
0:56.4	national average. They even have retirement accounts. You can now open a traditional or Roth IRA,
1:02.5	or both right on public. So your future self, covered. And for a limited time, you can earn a 1%
1:09.6	match on all your IRA deposits, IRA transfers, and 401K rollovers.
1:14.9	If you want an investing experience that's both smart and simple, head to public.com slash money rehab.
1:20.5	One more time, public.com slash money rehab.
1:23.2	This is a paid endorsement for public investing.
1:25.4	Full disclosures and conditions can be found in the podcast description.
1:28.7	So one of my girlfriends fell in love with this house and she was sure she could afford it.
1:33.0	She had the down payment. She had the income. But when it came to pull her credit for her mortgage, it was a brutal wake-up call.
1:41.6	It sounds so obvious, but it hadn't really hit her until that moment.
1:46.0	Her day-to-day spending habits weren't just keeping up with the Joneses. They were affecting her future.
1:51.8	So she came over, we talked about it, we did some credit hygiene. And if you need some of this, too, I've got something that might help.
1:59.4	With Chime Secure Credit Builder
	...

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