Today’s Animal Spirits is brought to you by YCharts and Fabric:
See here for YCharts limited time deal for the YCharts platform
Go to meetfabric.com/spirits for more information on life insurance from Fabric by Gerber Life
Get a random Animal Spirits chart here
On today’s show, we discuss:
Listen here
Recommendations:
Charts:
Tweets/Bluesky:
Unless we all wake up from this collective tariffs nightmare, the reality is recession. Recession with inflation, which is called stagflation. It’s the worst kind of recession, because people lose their jobs and prices stay high along with interest rates.
— Daryl Fairweather ⛅ (@FairweatherPhD) March 4, 2025
Target: “In light of ongoing consumer uncertainty & a small decline in February Net Sales, combined with tariff uncertainty….the Company expects to see meaningful YoY profit pressure in its Q1 relative to the remainder of the year…” $TGT pic.twitter.com/lf5CrFCydP
— The Transcript (@TheTranscript_) March 4, 2025
Real personal spending fell by the most since 2021. pic.twitter.com/s0sYzuaLuk
— Kathy Jones (@KathyJones) February 28, 2025
Americans saved 4.6% of their after-tax income in January, up from 3.5% in December.https://t.co/eDZgP9dKNk
— BEA News (@BEA_News) February 28, 2025
1. Trump is more popular with young people than old people. Most young people don’t own stocks or homes (aka they are asset-light).
2. Trump is also more popular amongst working and middle class folks. Most of these folks are also asset-light.
It stands to reason that a fall…
— Chamath Palihapitiya (@chamath) March 3, 2025
DoorDash has turned the corner to profitability and still continues to grow its order volume.
Total orders are now up 735% over the last 5 years.$DASH pic.twitter.com/fqdVuYwCeP
— FinChat (@finchat_io) February 11, 2025
Nobody announced a tax or a spending program. Maybe you should wait to find out what’s actually being proposed. https://t.co/TNBFxoYVjz
— David Sacks (@DavidSacks) March 3, 2025
Correct. I sold all my cryptocurrency (including BTC, ETH, and SOL) prior to the start of the administration. https://t.co/dN6nuGQUtu
— David Sacks (@DavidSacks) March 3, 2025
Saw the Trump statement today, same as everyone else —
I imagined a Strategic Reserve would be just Bitcoin. That makes the most sense to me.
Many crypto assets have merits, but what we’re talking about here isn’t a US investment portfolio — we’re talking about a reserve, and… https://t.co/YwLBBCt55y
— Hunter Horsley (@HHorsley) March 3, 2025
U.S. pending home sales have fallen to a new all-time low pic.twitter.com/dxKfa5OA8n
— Kevin Gordon (@KevRGordon) February 27, 2025
Netflix has taken the biggest hit. eMarketer’s analysis (see chart below) makes that abundantly clear. Since the first quarter of 2024 (i.e. when Prime Video introduced ads), Netflix CPMs have fallen more than those of Prime Video, Disney+, Max, Peacock and Hulu. pic.twitter.com/k9xh0aZDOZ
— Kourosh (@kouroshshafi) February 25, 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
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.
The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.
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.
The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. 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. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers
Please see disclosures here.