Money Buys Happiness (EP.381)

Oct 9, 2024

Dive into a world where stock market predictions clash with political biases and trust in data is questioned. Discover how technology intersects with climate disasters and affects the housing market. Uncover the surprising link between money and happiness, debunking myths along the way. Plus, get cooking tips for perfect eggs and chuckle at the chaotic blend of parenting and professional success. It's a captivating mix of finance, personal anecdotes, and culinary hacks!

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INSIGHT

Market Timing Futility

Predicting market tops is futile, as mean reversion can be delayed.
Focus on a robust asset allocation strategy instead of market timing.

ANECDOTE

Politicized Finance

Ben Carlson and Michael Batnick discuss how political biases can cloud financial judgment.
They cite a tweet criticizing Josh Brown for being "left-wing" and praising the economy.

INSIGHT

Cognitive Dissonance

Access to information doesn't guarantee informed decisions, as cognitive dissonance prevails.
People often interpret data to confirm existing beliefs, especially during elections.

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On episode 381 of Animal Spirits, Michael Batnick and Ben Carlson discuss: calling a top in the stock market, why people don't trust data, the economy is still fine, why yields are rising in a rate cutting environment, a bigger innovation than AI, the impact of climate change on the housing market, a nation of trucks, how money actually does buy happiness, and much more!

This episode is sponsored by Global X and CME Group.

To learn more about Global X’s entire suite of ETFs from covered calls, fixed income, emerging markets, and more, visit https://www.globalxetfs.com/.

Access CME Group's valuable educational materials and trading tools and learn more about what adding futures can do for you at: cmegroup.com/animalspirits

Find complete show notes on our blogs:

Ben Carlson’s A Wealth of Common Sense

Michael Batnick’s The Irrelevant Investor

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Feel free to shoot us an email at animalspirits@thecompoundnews.com with any feedback, questions, recommendations, or ideas for future topics of conversation.

Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.

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