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    Home»Investment»Animal Spirits: Fighting Inflation – A Wealth of Common Sense
    Investment

    Animal Spirits: Fighting Inflation – A Wealth of Common Sense

    By Staff WriterMay 9, 20245 Mins Read
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    Posted May 8, 2024 by sean

    Today’s Animal Spirits is brought to you by Simplify ETFs:

     

    See here for more information on Simplify’s suite of active-income solutions!

    On today’s show, we discuss:

    Listen here:

    Recommendations:

    Charts:

    Tweets:

    “Fast food restaurants are expensive” are a sign of a *good* economy, not a bad one.

    We want labor to be expensive! Fast food was inexpensive in the 2010s because of a slack labor market. https://t.co/abAIZ0dHX2

    — Matt Darling 🌐🏗️ (@besttrousers) May 2, 2024

    Auto insurers are crushing the S&P. I would fade this.

    Yes, there is more to auto insurance than the value of the car (bodily injury, etc.)

    Demo

    But KBB says new car prices are near a 2-year low, used cars down 4% from last year. Tesla cutting prices. pic.twitter.com/39ZxZ57ibN

    — Jeff Weniger (@JeffWeniger) May 1, 2024

    Torsten Slok with some more cool weekend charts:

    Inflation adjusted pandemic savings are up big time for the upper middle class. in % terms these folks that didnt get the 20% raises $15/hr folks did. but btwn savings and smaller % bumps on MUCH bigger base salaries? theyre fine pic.twitter.com/vy9ZfxJaTH

    — talmon joseph smith (@talmonsmith) May 5, 2024

    Feel free to push back on this, but going back 50 years most US recessions played out as an energy price shock followed by an investment collapse. We had the setup for that in Q2 2022 but that’s long gone, so what’s the thing going to be now?

    — Conor Sen (@conorsen) May 5, 2024

    1/11

    The more data we get, the more I worry about the risks involved with Spot ETF.

    🧵to update
    —
    Investment Advisors hold about 35% of all ETFs. However, they hold less than 1% of the new Spot BTC ETF.

    “Here come the boomers” was/is a myth. https://t.co/H5CQev7BBR

    — Jim Bianco (@biancoresearch) April 28, 2024

    Whatever one insists crypto is – store of value, a claim on scarce digital real estate, a fun spec, a scam – since mid-2023 it’s traded purely as “The Next Big Thing” along with AI plays.

    Bitcoin in lockstep with $NVDA, with $MSTR and $SMCI acting as leveraged versions of same. pic.twitter.com/XAdZjasrdc

    — Michael Santoli (@michaelsantoli) May 1, 2024

    Interesting stat from Freddie Mac. Even with higher rates and sticky prices, first-time homebuyers remain the dominant force in the for-sale housing market, representing 58.2% of all home sales.

    This is a deflating stat for the conspiracy theorists who continue to falsely claim… pic.twitter.com/LoYJKtkhWn

    — Jay Parsons (@jayparsons) May 3, 2024

    ‼️NEW DCG POLL‼️ released today reveals 1 in 5 battleground state voters consider crypto a key issue in 2024 U.S. elections. In a survey conducted with @HarrisPoll, swing state voters call for greater discourse on digital assets from political candidates. (1/4) pic.twitter.com/wdfWOePuUw

    — DCG (@DCGco) May 7, 2024

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    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.

    This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

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    References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

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