Today’s Animal Spirits is brought to you by Cache Financials and Fabric:
Today’s episode is brought to you by Cache Financials, which operates the Cache Exchange Fund. Find out more at: https://usecache.com/?invited_by=animal-spirits
Join the thousands of parents who trust Fabric to help protect their family. Apply today in just minutes at: https://meetfabric.com/SPIRITS
On today’s show, we discuss:
- Talk Your Book: How Public’s Winning the Great Wealth Transfer
- Outlook for the dollar after Section 899: The US is still exceptional
- Ten charts to explain Trump’s big, beautiful bill
- Air Force and Space Force Hit 2025 Recruiting Goals 3 Months Early
- They’re in the Top 10% of Earners. They Still Don’t Feel Rich.
- Homeowners Who Gambled on Lower Rates Are Paying the Price
- The Worst Housing Market in America Is Now Florida’s Cape Coral
- Why Vanguard, Champion of Low-Fee Investing, Joined the ‘Private Markets’ Craze
- 2024 Private Equity Fundamentals
- Car buyers set a record with more than $1,000-a-month car payments in Q2
- Gen Z, It Turns Out, Is Great at Saving for Retirement
- Trump Accounts are a Big Deal
Listen here:
Charts:
Recommendations:
- The Inner Compass: Cultivating the Courage to Trust Yourself
- Jurassic World Rebirth
- A Working Man
- Sinners
- How to Train Your Dragon
Tweets/Bluesky:
7% of Russell 3000 members made a new 52w high at the end of last week … highest share so far YTD pic.twitter.com/z6yo7UCU1y
— Kevin Gordon (@KevRGordon) July 7, 2025
The Magic 3 vs. the Meh 3? pic.twitter.com/LzgteS7vwN
— Bespoke (@bespokeinvest) June 25, 2025
Once again, for those in the back: multiple job-holding is a pro-cyclical indicator. That means that the share of workers with multiple jobs rises when times are good. That's because there are more job opportunities in a healthy labor market. https://t.co/vSvKVIxrTA pic.twitter.com/wYs81EeSrK
— Ernie Tedeschi (@ernietedeschi) July 6, 2025
Life in 1776:
– heat is such a luxury that Thomas Jefferson can’t write in deep winter bc his ink freezes (one reason perhaps why Independence Day is in July)
– nighttime darkness is such a burden that George Washington reportedly spent $15k in today’s dollars on candles every… pic.twitter.com/lYwd9uW4jK
— Derek Thompson (@DKThomp) July 6, 2025
People who weren't alive in the 80s always claim it was a time of plenty, richer than now.
But nearly 100% of people who were actually alive and conscious then recall middle class parents engaging in bizarre hyper-thrift and money anxiety that basically no one has now. https://t.co/hEIKm3BH0A
— VB Knives (@Empty_America) July 6, 2025
It’s so funny that in 2025, people are still describing certain cities as having good food. No shit. They all do now.
— Joe Weisenthal (@TheStalwart) July 6, 2025
damn this is pretty crazy, not gonna lie pic.twitter.com/jJRmj3dY84
— Nikhil Krishnan (@nikillinit) July 3, 2025
To keep up, I've put together this ✨very sophisticated✨ table.
These new numbers don't look that small pic.twitter.com/t2oPu88AmK
— Kevin Gordon (@KevRGordon) July 7, 2025
You don't want a recession now; rates would go lower, demand would pick up, and inventory isn't back to normal yet. https://t.co/szavxiwHZR pic.twitter.com/1DWLQ69YMV
— Logan Mohtashami (@LoganMohtashami) July 5, 2025
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