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Today’s Animal Spirits is brought to you by Eaton Vance and Janus Henderson:
On today’s show, we discuss:
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Tweets/BlueSky:
Chart of the year https://t.co/kT7uHRkENr pic.twitter.com/jkDZMnj2za
— Sam Ro 📈 (@SamRo) October 22, 2026
Thursday’s 10-year Treasury yield decline of 0.193 percentage point (to 4.952%) is the largest single day yield decline since March 10, 2023, which is the day Silicon Valley Bank failed.
— Nick Timiraos (@NickTimiraos) October 22, 2026
Semiconductor earnings are up 176% year-over-year, yet the industry’s P/E has collapsed to just 14.2. The market doesn’t believe its own profit forecasts.
🔒 Members-Onlyhttps://t.co/ulSOmC1SvI
— Yardeni Research (@yardeni) October 22, 2026
A year ago I noticed the drinking fountains at my Planet Fitness weren’t ice cold anymore
The water is now room temp
Should’ve shorted the stock then
It’s down 50% this year
(I still don’t understand how they only charge $10/month) pic.twitter.com/wrMsXrZFTb
— Ben Carlson (@awealthofcs) October 21, 2026
Initial jobless claims down to 194k … fourth lowest level going back to the 1960s pic.twitter.com/pm0suDGTfe
— Kevin Gordon (@KevRGordon) October 22, 2026
GOLDMAN:
“.. we are starting to see clearer signs that the AI impact is spreading beyond the technology sector. .. the share of US firms that have adopted AI in regular business functions now shows a statistically significant negative correlation with employment growth ..” pic.twitter.com/F4YoFpLqKi
— Carl Quintanilla (@carlquintanilla) October 26, 2026
“Major U.S. banks are detecting unauthorized third-party AI agents operating inside customer accounts, with some agents attempting to take actions that appear to be independent of user instructions, sources tell Axios.” https://t.co/fwmio1PV5R
— Joe Weisenthal (@TheStalwart) October 22, 2026
YouTube is pulling further away from Netflix in latest Nielsen Gauge report, luring 15.8% of viewing (vs. 13.1% last August) compared to 7.7% for Netflix (8.7% last August)… pic.twitter.com/BInieWhKXB
— Matthew Belloni (@MattBelloni) October 22, 2026
Netflix has added ~$12.8 billion in incremental run rate revenues over the past 24 months. That incremental revenue growth exceeds the current global DTC revenues for Peacock, HBO Max, and Paramount+ (individually). pic.twitter.com/dUQ1mWS3K6
— Alex Morris (TSOH Investment Research) (@TSOH_Investing) October 21, 2026
Netflix is growing more quickly than peers such as Disney, Skydance and Comcast. They would all kill for double-digit sales growth.
But Netflix is being measured against itself. And this chart shows the recent issue. pic.twitter.com/AChbRSqLbI
— Lucas Shaw (@Lucas_Shaw) October 20, 2026
Mel Gibson’s Apocalypto (2006) delivers a gripping, action-packed journey into the ancient Maya world, following Jaguar Paw, a young hunter whose life is shattered when his village is attacked and he is taken captive for sacrifice. Beyond its intense action and breathtaking… pic.twitter.com/nbjisxRndL
— Historic Vids (@historyinmemes) October 20, 2026
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