Today’s Animal Spirits is brought to you by Invesco and YCharts:
Visit https://www.invesco.com/us/en/solutions/fixed-income/investment-opportunities.html to learn more about their comprehensive fixed income solutions and how they can help strengthen your portfolio’s foundation.
This episode is sponsored by YCharts. Get 20% off your initial YCharts Professional subscription when you start your free trial through Animal Spirits (new customers only). Sign up at: https://go.ycharts.com/animal-spirits
Download your free copy of 2025 State of Manufacturing Deck here https://go.ycharts.com/ycharts-research-2025-state-of-manufacturing utm_source=Animal_Spirits&utm_medium=Original_Research&utm_campaign=2025_State_of_Manufacturing&utm_content=Podcast
On today’s show, we discuss:
Listen here:
Charts:
Recommendations:
Tweets/Bluesky:
Looking at the forest, I still sense an overriding sentiment of “this can’t continue” – no “euphoria” anywhere.
Interestingly, when the S&P 500 records a 4-month winning streak that closes at a new all-time high monthly close, it’s continued 9 & 10 months later 18 times in a… pic.twitter.com/j9fQ0xLHoe
— Steve Deppe, CMT (@SJD10304) September 9, 2025
Oracle $ORCL has moved up to the 10th largest stock in the S&P with a market cap of nearly $950 billion.
But of the 25 largest stocks, 14 are in the red today. pic.twitter.com/6XMOd3zITO
— Bespoke (@bespokeinvest) September 10, 2025
FRED is starting to pull in the new Census data released today. Here’s median family income, now at an all-time inflation-adjusted high of $105,800 in 2024 pic.twitter.com/tUG4MuMfNG
— Jeremy Horpedahl 🥚📉 (@jmhorp) September 9, 2025
Over 1/3 of American families now have over $150,000 of income, the first time in history (yes, it’s adjusted for inflation) pic.twitter.com/MKYTxDQ3GS
— Jeremy Horpedahl 🥚📉 (@jmhorp) September 9, 2025
Prepping some slides for a talk in Chicago tomorrow.
This is so stark. pic.twitter.com/v7fxwYAmR0
— Mike Simonsen 🐉 (@mikesimonsen) September 14, 2025
From Sam Harris
HT @honest_math https://t.co/RMgoMlutSO pic.twitter.com/1sZ8Yerkzf
— Jake (@EconomPic) September 14, 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.