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On today’s show, we discuss:
- The Lion in Winter via Michael Cembalest
- How to Increase the Odds of Owning the Few Stocks that Drive Returns
- Investors Embrace Bond Funds Before Rates Start to Fall
- U.S. workers in global comparison
- Daily and weekly indicators for the US economy
- US 30-Year Mortgage Rate Eases to Lowest Level Since February
- Real Estate and Economic Outlook – National Association of Realtors
- A parody ad shared by Elon Musk clones Kamala Harris’ voice, raising concerns about AI in politics
Listen here
Recommendations:
- IMAX
- Deadpool & Wolverine
- The Kingdom of the Planet of the Apes
- Presumed Innocent (the movie)
- Heat 2 (the book)
- 1992 movies
- 1993 movies
- The Terminator 2
- Inside Out 2
- Horizon: An American Saga
Charts:
Tweets:
HISTORIC: $VOO has broken the all-time annual inflow record for an ETF w/ $50.9b and IT'S STILL JULY. Unreal. Now of course, it could see outflows and un-break record but this Vanguard we talking about = 99% chance it hoovers up more cash Pac-Man style. Legit shot at $100b IMO. pic.twitter.com/yQg5RxkNc2
— Eric Balchunas (@EricBalchunas) July 24, 2024
Eating Too Much 'Boomer Candy' Can Lead to Decay in ETF Returns.. ha, nice headline from @psarofagis who found mostly an inverse correlation bt the yield of an equity ETF and their outperformance over the S&P. Highest yielders had lowest outperformance rates.. pic.twitter.com/7Hpw9OizLW
— Eric Balchunas (@EricBalchunas) July 25, 2024
New balance ceo reveals over $6b in annual sales, making it the 4th biggest sneaker company by sales. He says growth has been fierce in the last 2 years and the business has doubled. (It’s a private company so we never really knew #s)
— Sara Eisen (@SaraEisen) July 23, 2024
A disingenuous take is when someone predicting economic collapse says "I hope I'm wrong, I would love to be proven wrong here."
— Morgan Housel (@morganhousel) July 27, 2024
America is headed for bankruptcy fyi https://t.co/O6FH5BK4aQ
— Elon Musk (@elonmusk) July 26, 2024
Ouch!
Twitter’s revenue under Elon has fallen more than NINETY PERCENT:
In Q2 2022, Twitter did $1.2 BILLION in revenue.
This year in Q2 – Elon’s second controlling Twitter – it did $114 million.
The last time Twitter revenue was that low in a quarter was Q1 2013!
📉☠️ pic.twitter.com/YhPxJbtAgp
— Compound248 💰 (@compound248) July 28, 2024
Remember buying ringtones? https://t.co/uPgqosJs4x pic.twitter.com/BYnuNAKBGU
— Sam Ro 📈 (@SamRo) July 28, 2024
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