Today’s Animal Spirits is brought to you by YCharts:
Submit your email here to receive 20% off a YCharts subscription for new clients
On today’s show, we discuss:
- Even when the stock market goes up it still goes down
- On the ‘course’ to a new normal
- Dalio says the $73t great wealth transfer isn’t just from boomers to millennials – it’s from the government to you and me
- Americans owe a record $1t in credit card debt
- Actually, most Americans can come up with $400 in an emergency
- The economy is in the midst of something wonderful (and unexpected)
- Alternatives have been ‘kryptonite’ to alpha – at least for public pensions
- Meme stocks are a thing again
- Apple Q3 2023 charts: $81.8B in revenue, down 1%
- Investors yank $800M from I Bonds as inflation slows down
- A better way to book with points
Tropical Bros Shirts:
Listen Here:
Recommendations:
Charts:
Tweets:
"The 2m return spread between [Hedge Fund] VIP stocks and Most Shorted stocks has reached some of the worst levels in the last five years."
– Goldman Sachs pic.twitter.com/s0uFkP3qNG
— Daily Chartbook (@dailychartbook) August 7, 2023
The average American credit card balance is at a record $7,300.
Meanwhile, the median household has just $5,300 in savings.
Delinquency rates are up 6 straight quarters, on track for the longest streak since 2008.
We are "fighting" inflation with credit cards.
(a thread)
1/7
— The Kobeissi Letter (@KobeissiLetter) August 1, 2023
Not every recession is led by a 50% rise in crude.
But every 50% rise in crude has led a recession. pic.twitter.com/PN3vWuzQj9
— Jim Bianco (@biancoresearch) March 3, 2022
There's absolutely no sign of any surge in sellers.
📍61-62k new single family listings each week
📍No panicky investors, no distressed homeowners
📍A year ago is when this trend startedAt some point sellers will return to the market and we'll see it in this data. Right?!
2/7 pic.twitter.com/YfK1k6RgZM
— Mike Simonsen 🐉 (@mikesimonsen) August 7, 2023
Census today says +2.1 million new households formed over the last year.
Ignoring 2020-2021, this is the highest rate of household formations since early 2019.
All signs point to strong demand for homes this year. Remarkable given the direction of rents & mortgage payments. pic.twitter.com/OAoCvjXPuD
— Eric Finnigan (@EricFinnigan) August 2, 2023
Toyota Sequoia prices have gone parabolic 📈
Up by *20%* to $80,128 from $66,894 in 2022.
Here's the craziest part: Consumers DGAF.
The Sequoia saw more sales growth in Q2 than *any other* Toyota out there.
We deserve an asteroid.
(Data via Cox Auto) pic.twitter.com/h6PWTI7lXo
— Car Dealership Guy (@GuyDealership) August 2, 2023
Fascinating chart showing % of residents paying over $1,000/month for their cars.
Fun fact: More than 1 in 5 shoppers in Texas and Wyoming committed to a monthly payment over $1,000/mth in Q2 (driven by purchases of large trucks) pic.twitter.com/gyWtVWmn5C
— Car Dealership Guy (@GuyDealership) August 5, 2023
How the PREDATOR looked, and Jean-Claude Van Damme in the suit before he was fired. pic.twitter.com/McPLmhbq01
— All The Right Movies (@ATRightMovies) August 1, 2023
'Loki' Season 2 budget is reportedly $141.3M
With a total of 6 episodes, that's an average of $23.55M per episode pic.twitter.com/4dvBPgtVaQ
— ScreenTime (@screentime) August 5, 2023
Contact us at animalspiritspod@gmail.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:
Wealthcast Media, 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.