Today’s Animal Spirits is brought to you by YCharts and CME Group:
See here for 20% off (new customers only) and for more info on the tearsheet builder
See here for more information on CME Group’s valuable educational materials and trading tools and learn more about what adding futures can do for you.
On today’s show, we discuss:
- American stocks are consuming global markets
- JPM Guide to the Markets
- 6% of Your Paycheck Is Becoming the New Standard for 401(k) Saving
- Young Americans Continue to Build Wealth, Across the Distribution
- The American Worker: Past and Present
- AGM Alts Weekly
- Summer travel boom: 82% of Americans plan to get away in 2024
- The Ineos Grenadier Has One Feature Every Car Should Have
Listen here:
Recommendations:
- Inside Out 2
- Slapshot
- Chicago Art Gallery movies: Presumed Innocent, Dark Matter, The Break-Up
- Naked Gun
Charts:
Tweets:
Watch credit spreads.
The spread between the weakest and strongest investment-grade credits bottomed nearly two months ago. Credit concerns are rising even as stocks hit record highs.
This is unusual and was last seen in late 2021. pic.twitter.com/IzxDig4iBr
— Jason Goepfert (@jasongoepfert) June 28, 2024
Generational bonus content not in the draft: Despite challenges, Millennials and Gen-Z have seen significant wage increases. Our goal is for each generation to surpass the previous, and in terms of wages, we're succeeding. pic.twitter.com/VZmjPKyC5y
— Ben Glasner (@BenGlasner) June 25, 2024
82% (!) of the American population is headed on vacation this summer and 42% (!!) are going on multiple trips pic.twitter.com/dgM7kmbbKq
— Kyla Scanlon (@kylascan) July 1, 2024
There is a Wells Fargo analyst who ordered the same burrito bowl 75 times at eight different Chipotles in NYC to prove the portion size inconsistency $CMG pic.twitter.com/H6aeYxQ2Rc
— Dividend Hero (@HeroDividend) June 27, 2024
Consumers feel pretty bad about business conditions over the next 6 months (worst since September 2011), but they feel pretty great about the stock market going up per @conferenceboard Consumer Confidence Index pic.twitter.com/xaLyGmybkj
— Kevin Gordon (@KevRGordon) June 25, 2024
After my mortgage payment, 401k/529/IRA contributions, my annual 6 week vacation to Europe, private school for the kids, 2nd home in the Hamptons, a handful of angel investments and country club membership I basically live paycheck-to-paycheck
This economy is the worst
— Ben Carlson (@awealthofcs) June 25, 2024
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.
