Narratives often drive the economy but figuring out the prevailing narrative has never been harder.
Ben Carlson
Explaining the Stock Market to Big Cat
Dan Katz (Big Cat of Pardon My Take fame) and Alex Rodriguez (J Lo’s boyfriend) had Mad Money’s Jim Cramer on the latest episode of their podcast, The Corp, this week. Big Cat expressed a number of concerns about the stock market to Cramer, claiming he doesn’t play the stock market because it’s like a…
Animal Spirits: Michael’s Brain Fart
Michael and Ben discuss everything they’re reading, writing, watching, and thinking about on this week’s Animal Spirits.
Yes, the Stock Market is Going to Crash
How to deal with the inevitability of stock market crashes.
A Market of Stocks
On a total return basis, the S&P 500 is up almost 22% on the year.1 To state the obvious, this means the underlying securities included in the S&P 500 are having a good year as well. But there’s still a wide range in outcomes for the performance of the individual stocks in the S&P. For…
The Powder Keg of Comparison
Everyone lives in a relative world when it comes to money and buying stuff.
Passive Bubble Feedback
Does it matter if investors keep buying regardless of valuations?
Animal Spirits: Economically Unattractive
On this week’s Animal Spirits with Michael and Ben we discuss: Passive bubble feedback What are some legitimate concerns about the rise in indexing? Slack, Uber, Lyft and WeWork all getting smoked Is the private markets bubble bursting? An intro to rewards credit cards Should all the big tech companies have their own credit cards?…
What to Make of a Stock Market That Has Gone Nowhere for a Year-and-a-Half
Recent stock market performance is odd in that 2019 has gone gangbusters but since the start of 2018, stocks have basically gone nowhere. The obvious culprit here is the fact that stocks fell roughly 20% in the 4th quarter of 2018. Here’s a Fortune piece I wrote to put this performance into context. ******* The…
The Best and Worst Case Scenarios for Bonds from Here
There are a few different paths bonds could take in the years ahead depending on the path of interest rates.
