 |
Today’s Animal Spirits is brought to you by YCharts:
This episode is sponsored by YCharts. To get your copy of Top 10 Visuals, and receive 20% off your first YCharts Professional subscription through Animal Spirits. Visit https://go.ycharts.com/animal-spirits (Offer valid for new customers only.)On today’s show, we discuss:
Listen here:
Charts:
Tweets/BlueSky:
Dispersion within the S&P 500 is massive
S&P 500 -0.1% in July
Despite top 3 stocks positive$NVDA: +0.3%$AAPL: +6.8%$MSFT: +24.6%
6/11 sectors had 1%+ returns$XLE: +12.1%$XLF: +6.2%
S&P 500 Momentum: -11.1%@CarsonResearch @RyanDetrick pic.twitter.com/YsINnDydyg
— Sonu Varghese (@sonusvarghese) August 3, 2026
Since I sent this tweet 2 days ago:
AAPL is down 12%
MSFT is up 17%
META is down 7%
AMZN is up 18%
Markets never let you catch your breath anymore
Everything happens at warp speed nowhttps://t.co/K3zmTCUbpt
— Ben Carlson (@awealthofcs) July 31, 2026
The Leopold liquidation pushed semiconductor single-stock volatility up to 75% (SOX Index).
This is only the third time semi volatility has reached this level. The other two instances: March 2020 and April 2025. pic.twitter.com/D02L22tgji
— Warren Pies (@WarrenPies) July 31, 2026
Crazy how this Situational Awareness blowup is right inline with the Long Term Capital Management blowup on the Netscape/ChatGPT timeline. Gray shading is When Genius Failed…
Past performance is no guarantee of future results. pic.twitter.com/O4FizP5kWp
— Bespoke (@bespokeinvest) July 30, 2026
“Retail sold a net $243m of single stocks yesterday, marking the largest one-day outflow since the Covid crash”– @vandaresearch
— Gunjan Banerji (@GunjanJS) July 29, 2026
I still don’t like the group, but noteworthy that investors are starting to throw in the towels on the Mag 7 ETF.
3-month outflows approaching the peak level of net inflows the fund saw at its January 2025 peak pic.twitter.com/posIIYmlEG
— Scott Brown, CMT (@scottcharts) July 27, 2026
Just to update through y’day: I estimate DRAM earned a ~88% since-incept cumul. NAV return. But investors lost a cumul. ~$1.6B over that span (at NAV) bc flows arrived late. Not mgr’s fault but shows potential pitfalls of streaky products. Hopefully investors stay put, it rallies https://t.co/mMENlzDvsZ pic.twitter.com/LyZxDVRVwq
— Jeffrey Ptak (@syouth1) August 1, 2026
Bank of America says the market’s reaction to Kevin Warsh resembles an emerging market facing a credibility shock pic.twitter.com/OHmzODwUSg
— Joe Weisenthal (@TheStalwart) August 3, 2026
For me, this was the standout comment from the ISM Manufacturing survey for July:
“No normalcy in sight in the world of metals. It makes me yearn for the coronavirus pandemic chaos, which was more manageable than whatever this is that we are in.”
— Kevin Gordon (@KevRGordon) August 3, 2026
Over the next few years you are going to have to fight with everything you’ve got to retain your humanity. They will try to convince you to give up connecting with each other, to give up truly being alive. It will be the most important fight of your whole life https://t.co/Qj59OMORsy
— BuccoCapital Bloke (@buccocapital) July 31, 2026
Well, that happened quickly.
More than 100,000 customers have opened agentic trading accounts. https://t.co/6BcWtIcDdY
— Vlad Tenev (@vladtenev) July 31, 2026
July 23, 2026, was the busiest day for commercial air travel ever, according to data from @flightradar24.
A whopping 153,359 commercial flights were tracked worldwide. pic.twitter.com/0fJ9mcjZkY
— Colin McCarthy (@US_Stormwatch) July 25, 2026
Hollywood scores its biggest collective weekend in box office history with more than $406M grossed domestically across all films.
‘SPIDER-MAN: BRAND NEW DAY’ ($355M)
‘THE ODYSSEY’ ($51M) pic.twitter.com/hyyqHmn3uQ— Film Updates (@FilmUpdates) August 2, 2026
Rick Moranis gets a Hall H standing ovation during the #Spaceballs: The New One’ panel at Comic Con. #SDCC pic.twitter.com/rMu7DxC4Iy
— Rotten Tomatoes 🍅 (@RottenTomatoes) July 25, 2026
Recommendations:
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.