Today’s Animal Spirits is brought to you by YCharts and Vanguard:

On today’s show, we discuss:
-
- Bubble Signal – Animal Spirits
- Is the Stock Market Invincible? | Animal Spirits 447
- Everyday Investors Are Over the Mag Seven and Into New AI Darlings
- After the Reset: Time to Focus on Fundamentals
- 4 Big Questions About the Economy
- The biggest winners of the American economy fear they’re sinking fast
- StubHub’s ‘marketplace for fans’ is run by a mass scalper, SEC filings reveal
- Truth Social to sell Wall Street firms the ‘fastest’ access to Trump’s posts
- Boomers Were Supposed to Downsize. They Are Buying Bigger Homes Instead.
- The Housing Crisis Is Also a Retirement Crisis
- Millennial housing report: Where they’re buying homes and where they’re still renting
- Houses Are No Longer the Best Place for Your Money
- Box Office: ‘The Odyssey’ Stuns With $124 Million Opening Weekend, Third-Biggest Debut of the Year
- KFC Is Shrinking in America While Booming Overseas
Listen here:
Charts:
Recommendations:
Tweets/Bluesky:
Korean stock market volatility is now higher than it was during both the Global Financial Crisis an the late 90s Asian financial crisis pic.twitter.com/a2hQ3a7WGP
— Joe Weisenthal (@TheStalwart) July 16, 2026
This year:
The US stock market is up 11%
GDP growth is in the 2-3% range
Inflation sits at 3.5%
The 10 yr treasury yield is yielding 4.5%
Is this the most normal year possible for markets?
Everything is average
— Ben Carlson (@awealthofcs) July 15, 2026
Are you hearing the word “bubble” everywhere these days?
I counted every mention of “bubble” across hundreds of episodes from two of my favorite investing podcasts.
Can you see the trend?
🧵 pic.twitter.com/qzU54A2xDY— Zook (@zook_data) July 14, 2026
This chart ended in 2024. Here's the updated one. pic.twitter.com/hbBMtU3xY0
— ₿rett (@brettmacro) July 18, 2026
This is almost hard to believe…
Disney spent ~$129B acquiring Marvel, Star Wars, Pixar, ESPN, and Fox (~$182B in today’s dollars).
Throw in all their legacy assets and the entire company's market cap is ~$169B.
— Jake (@EconomPic) July 16, 2026
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