The Mother of All Bubbles (EP.389)

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Dec 4, 2024

The hosts dive into U.S. exceptionalism in markets and explore the 'Mother of All Bubbles' phenomenon. They tackle the funny side of vacation tans and share personal anecdotes alongside serious career insights. A look at rising interest rates and the lure of bonds juxtaposes cultural shifts in investing, particularly among younger generations. The transition of podcasting to video formats garners attention, while lively discussions about New Yorkers’ social dynamics and the impact of nostalgia add humor to the mix. A rich blend of finance and culture keeps listeners engaged!

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INSIGHT

U.S. Exceptionalism and Potential Bubbles

U.S. markets and economy are outperforming the rest of the world, attracting significant global investment.
This U.S. exceptionalism is causing concern about potential bubbles and overvaluation.

INSIGHT

U.S. Stock Outperformance

U.S. stocks have outperformed other regions for a long time, making international diversification challenging.
It's difficult to determine if this outperformance is sustainable or if it's time to shift investments.

INSIGHT

Market Cap vs. GDP

The U.S. represents a disproportionately large share of the global stock market compared to its GDP.
This disparity highlights the difference between the stock market and the overall economy.

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On episode 389 of Animal Spirits, Michael Batnick and Ben Carlson discuss: US exceptionalism in markets and the economy, losing all of your retirement savings, yield sells, financial nihilism, the downfall of the CFA, the greatest trades of all-time, a 10 year outlook on housing prices, the bull market in podcasts on YouTube, the psychology of tipping, and much more!

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Find complete show notes on our blogs:

Ben Carlson’s A Wealth of Common Sense

Michael Batnick’s The Irrelevant Investor

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

Public disclosure: A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more.

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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