Today’s Animal Spirits is brought to you by Franklin Templeton:
See here for more information on the Franklin High Yield Corporate ETF (FLHY)
On today’s show, we discuss:
- Wall Street traders keep underestimating America’s economic strength
- Generation Z is unprecedentedly rich
- Where are growth, inflation and interest rates headed? We asked the economists
- Home renovations are booming thanks to high rates
- Bank of America earnings
- Procter & Gamble earnings
- DR Horton earnings
- The Science of Hitting on Netflix
- New York’s Rich get creative to flee state taxes. Auditors are on to them
Listen here:
Recommendations:
Charts:
Tweets:
Market coming off an all-time heater. $SPX surged 25% in 5M for 7th time since WWII. Previous dates should sound familiar for end of major bears (2/75, 11/82, 7/09, 8/20). 3/86 is an exception. Fed cut 11 times from 11/84-8/86. Note '86 case had worst 6m returns @NDR_Research 1/2 pic.twitter.com/0CkfVEXFBN
— Ed Clissold (@edclissold) April 22, 2024
One of the craziest COVID era charts I've seen
New business apps have soared nearly 60% since the late 2010s
Necessity — or being so fed up by a mediocre status quo — is the mother of invention, they say pic.twitter.com/zsXbDjW4K8
— Callie Cox (@callieabost) April 20, 2024
In my opinion, this is an absolutely major theme in the coming years.
A massive wage arbitrage has opened between the US and its competitors. The overwhelming majority of people in the US have no idea just how much more money they make than the Japanese, French, British, etc. pic.twitter.com/k8ovyCXa7O
— Jeff Weniger (@JeffWeniger) April 16, 2024
$PG's Jan to Mar 2024 Quarter:
—Pricing: +3%
—Volume: 0%. https://t.co/FojitxNX8h pic.twitter.com/p5uJzbqU75— The Transcript (@TheTranscript_) April 19, 2024
APOLLO: younger generations would have a more negative impact from higher interest rates given generally higher FICO scores pic.twitter.com/1XeE7xVbqU
— Sonali Basak (@sonalibasak) April 18, 2024
The Knicks have added referee tendency statistics to their media notes.
First time they have offered this info publicly is in their game notes they give to media before Game 1: pic.twitter.com/hf7sv3rWt8
— Fred Katz (@FredKatz) April 20, 2024
🎬'Field of Dreams' premiered in theaters 35 years ago, April 21, 1989 pic.twitter.com/FNckbVvwM4
— RetroNewsNow (@RetroNewsNow) April 22, 2024
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This episode is sponsored by Franklin Templeton. To learn more about the Franklin High Yield Corporate ETF (FLHY), please see the link in the description
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