Today’s Animal Spirits is brought to you by birddogs:
Go to birddogs.com/spirits and enter promo code SPIRITS for a free Yeti-style tumbler with your order.
On today’s show, we discuss:
- A visual breakdown of America’s stagnating number of births
- Construction employment hits new high in May
- The labor shortage myth
- Eggs are going on sale just months after prices hit records
- Token projects have to eat that sh*t every day: Crypto VCs face a harsh reality in the bear market
- Housing market update: Mortage rates are up, home sales are down, prices are resilient
- High-school sweethearts with good jobs, a baby on the way and a $600,000 budget can’t find a house after 2 years of hunting. ‘It is just so demoralizing, depressing, and defeating’
- The Worst Housing Affordability Ever?
- Does more money correlate with greater happiness?
Austin:
RWM is coming to Austin, TX June 12th-14th‼️
@Downtown with more details⬇️Email us at info@ritholtzwealth.com subject line "Austin" to reserve a meeting slot! pic.twitter.com/9iSdG4HFf3
— Ritholtz Wealth (@RitholtzWealth) May 19, 2023
Tropical Bros Shirts:
Listen Here:
Recommendations:
- Ted Lasso Season 3
- Rachel McAdams & Brad Pitt on Dave
- A Good Person
- Missing
- Remember the Titans
- Fubar
- Zelda Next
Charts:
Tweets:
S&P now exactly flat on a total return basis since the close on Powell's first rate hike on 3/16/22.
— Bespoke (@bespokeinvest) June 2, 2023
Biggest weekly equity inflow since the turn of the year. @justLBell pic.twitter.com/nYZ8sGBMqd
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) June 1, 2023
Last yr, retail investors sold all of the stocks they bought during the prior 3 yrs (from GS) pic.twitter.com/qOV4OTfCFB
— Urban Carmel (@ukarlewitz) January 18, 2023
$MA CFO on the current state of the consumer:
"Look, I mean, the headline, as we kind of shared with you as part of our Q1 earnings call, was we continue to see a consumer which is just remarkably resilient and consumer spending continues to be remarkably resilient" https://t.co/JDtHcJXlu4 pic.twitter.com/vgt8UGm2lU
— The Transcript (@TheTranscript_) June 2, 2023
Resilient. That's the consumer.
They are still spending and shopping. They are employed, and they still have excess savings to utilize (to the tune of $500B). Retailers have confirmed this.
— Lindsey Bell (@justLBell) May 31, 2023
ZipRecruiter — the recruiting company — is cutting 20% of staff. $ZIP https://t.co/5T5dUSwdrD
— Ed Ludlow (@EdLudlow) June 1, 2023
I always look forward to getting new data for this chart. Even at 7% rates, 78% of all real estate agents tell us BUYERS outnumber SELLERS in their markets. pic.twitter.com/PKMYgLlyk9
— Alex Thomas (@housing_alex) May 30, 2023
@michaelbatnick @awealthofcs
Just caught your newest Compound episode & heard u mention LG tv's being in all hotels. As a previous Corporate Hotelier & actually met w/ LG's B2B hotel team I can explain why.
1. Hotel TV's are not regular TV's like in your home.
1/3— Deez – tgt we win (@DesChan13) June 1, 2023
HBO’s run of House of the Dragon into The White Lotus season 2 into The Last of Us into Succession season 4 might never be topped.
— Ross Bolen (@WRBolen) May 28, 2023
NEW: The #SuperMarioBrosMovie has now grossed $1.3B globally, making it the 2nd highest grossing animated film ever, passing #Frozen. The last time an animated film topped the yearly global box office was 2013’s FROZEN. Can it happen again 10 years later? pic.twitter.com/aGCBcr8wD1
— Erik Davis (@ErikDavis) June 4, 2023
Contact us at animalspiritspod@gmail.com with any feedback, recommendations, or questions.
Follow us on Facebook, Instagram, and YouTube.
Check out our t-shirts, coffee mugs, and other swag here.
Subscribe here:
Wealthcast Media, 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.