Animal Spirits: Things Are Getting Stupid Again
[ad_1]
Today’s Animal Spirits is brought to you by YCharts:
See here for YCharts’ new feature and get 20% off your initial YCharts subscription for new customers only!
On today’s show, we discuss:
Listen here:
Recommendations:
Charts:
Tweets:
S&P 500 returns:
2010 +14.8%
2011 +2.1%
2012 +15.9%
2013 +32.2%
2014 +13.5%
2015 +1.4%
2016 +11.8%
2017 +21.6%
2018 -4.2%
2019 +31.2%2010s annualized: +13.4%
2020 +18.0%
2021 +28.5%
2022 -18.0%
2023 +26.1%
2024 +8.2%2020s (so far) annualized: +13.6%
Not bad
— Ben Carlson (@awealthofcs) March 4, 2024
“Bull markets should be boring, and that’s exactly how stocks have been behaving over the last year.”@DataTrekMB pic.twitter.com/MJLpUoSKBk
— Daily Chartbook (@dailychartbook) February 29, 2024
The number of stocks hitting 52-week highs hit a 52-week high yesterday. pic.twitter.com/9ByC6GFz7p
— Bespoke (@bespokeinvest) March 5, 2024
Terrible Inflation milestone reached – My first $85 breakfast for one at a NYC hotel. After signing this bill, I have decided NEVER AGAIN. #Biden #Inflation @SecYellen @federalreserve pic.twitter.com/C3FS67fT7I
— 🇺🇸 Kyle Bass 🇹🇼 (@Jkylebass) February 28, 2024
The average hourly wage in 1986 was $7.87, meaning it took slightly more than 1 hour of labor to buy this meal.
The average hourly wage today is $29.66, and you can buy this same meal for $27.19 at my local BK — less than 1 hour of labor. https://t.co/zexCfHOkt3
— Jeremy ‘adjusted for inflation’ Horpedahl 📈 (@jmhorp) March 3, 2024
We are dealing with a LARGE surge of traffic – apologies for any issues you encounter. The team is working to remediate.
— Brian Armstrong 🛡️ (@brian_armstrong) February 28, 2024
Fidelity strong w/ +$400m today, it’s biggest one day haul, Bitwise had 3rd best day.. Anything $IBIT brings is just padding the net net number. Throw in rally and the ten will likely hit $50b in aum tmrw. More than halfway to passing gold etfs less than two months in. https://t.co/jmgIPmwVNe
— Eric Balchunas (@EricBalchunas) March 5, 2024
Someone just paid 4500 ETH ($16,032,959.47) for this. pic.twitter.com/Z38GddANyK
— Zeneca 🔮 (@Zeneca) March 4, 2024
this monke just sold for $567,000.
this penguin just sold for $531,000.
this punk just sold for $16,000,000.
crytpo animal spirits are back. pic.twitter.com/dy7jbTfjeE
— Corey Hoffstein 🏴☠️ (@choffstein) March 4, 2024
“After first 2-3 millions, a paid off home and a good car, there is no difference in qualify of life between you and Jeff Bezos”
Agree or disagree? pic.twitter.com/lljT12vOq3
— Austin Rief ☕️ (@austin_rief) February 28, 2024
Contact us at animalspirits@thecompoundnews.com with any feedback, recommendations, or questions.
Follow us on Facebook, Instagram, and YouTube.
Check out our t-shirts, coffee mugs, and other swag here.
Subscribe here:
Nothing in this blog constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Any opinions expressed herein do not constitute or imply endorsement, sponsorship, or recommendation by Ritholtz Wealth Management or its employees.
The Compound, Inc., an affiliate of Ritholtz Wealth Management, received compensation from the sponsor of this advertisement. 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. Investing in speculative securities involves the risk of loss. Nothing on this website should be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product.
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.
The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.
References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.
The Compound Media, Inc., 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. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers
Please see disclosures here.
[ad_2]
