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On today’s show, we discuss:
- How Bitcoin eats the equity market (via MicroStrategy)
- Is your 401k destroying capitalism?
- Auto insurance spike hampers the inflation fight
- The consumer is in good shape
- It’s me, hi, I’m the problem. I’m 33
- Millennials on course to become ‘richest generation in history’
- Millennials and older Gen Zers made significant wealth gains in 2022
- Klarna says its AI assistant does work of 700 people after it laid off 700 people
- Housing market update: New listings post biggest uptick in nearly 3 years, but buyers show restraint as rates rise
- You think you’re doing fine in life, until you hear a friend is doing better
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
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