The Winners And Losers of Super Bowl Ads & S&P 500 Passes 5,000
Feb 12, 2024
26:37
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The podcast discusses the winners and losers of this year's Super Bowl ads, the historic milestone of the S&P 500 reaching 5,000, Sam Altman's desire for $7 trillion, and the contrast between China's high-speed rail network and the US.
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Quick takeaways
Super Bowl Monday should be declared a national holiday due to widespread absenteeism and hangovers from betting mishaps.
Super Bowl commercials reflect the success of certain industries and the growing trend of leveraging social media to extend their impact.
Deep dives
Super Bowl Monday: A Day of Sick Leave
On the day after the Super Bowl, known as Super Sick Monday, a significant number of employees in the US call out sick from work. According to the UKG Workforce Institute, 16.1 million employees were expected to be absent from work, with 10 million already requesting the day off. The trend is not only limited to regular employees, as even NFL scriptwriters take the day off after a compelling TV season finale. Calls have been made to declare Super Bowl Monday a national holiday, although personal hangovers from betting mishaps also contribute to the absenteeism.
Super Bowl Commercials: Industry Insights
Super Bowl commercials provide insight into industries and companies doing well enough to spend millions on a 30-second ad. This year, China-based e-commerce brand Tae-Moo aired three commercials, alongside notable Hollywood and A-list stars like J-Lo and Ben Affleck. Notably, there were no crypto commercials, but both Google and Microsoft showcased their AI products. In summary, the commercials reflected the continued success of certain industries and the growing trend of leveraging social media to extend the impact of Super Bowl ads.
S&P 500 Reaches Record High
The S&P 500 index surpassed 5,000 points for the first time in history, reflecting Wall Street's optimism about the expanding US economy. The index has doubled in value since 2017, and investors hold $11.4 trillion in investments tracking the S&P or using it as a benchmark. This record-breaking rally is driven by hopes of cooling inflation leading to potential interest rate reductions by the Federal Reserve. While concerns about retiree numbers and real estate market booms arise from the surge, the momentum of the stock market remains uncertain as it depends on potential future Fed actions.
Episode 255: Neal and Toby kick off the week with a roundup of the best and worst of this year's Super Bowl ads. Then the guys dive into how the S&P 500 went somewhere it's never gone before and what it means for your retirement account. Plus why Sam Altman wants $7 Trillion and people are burning Waymo cars. Not to mention we got your weekend winners, no its not Taylor Swift or Travis Kelce, and we take a look at the week ahead.