Animal Spirits Podcast More Sellers Than Buyers (EP.247)
Mar 9, 2022
The discussion kicks off with a bear market brewing in the stock market, comparing today’s trends to those of 1900. Rising gas prices are analyzed for their psychological effects on consumers. The hosts dive into the wild fluctuations in commodities and the peculiar behavior of energy stocks. As they navigate economic turbulence, they highlight impressive job growth despite inflation fears. The conversation also touches on the struggle for affordable housing and explores innovative investment strategies like minting NFTs for charity.
AI Snips
Chapters
Transcript
Episode notes
Bear Market Brewing
- The stock market is experiencing a downturn, with major indices like the S&P 500 and NASDAQ down from their all-time highs.
- Tech stocks, previously resilient, are now declining, signaling a potential shift in market dynamics.
RSX Buying Frenzy
- Retail investors are buying into the VanEck Russia ETF (RSX) despite its declining value.
- This behavior is reminiscent of the Hertz bankruptcy situation where investors bought despite the risks.
Shifting Global Market Share
- The US stock market's global share has grown significantly from 15% in 1900 to 60% now.
- Other markets, like the UK and Russia, have seen their shares decrease, highlighting a shift in global market dominance.