Are You Middle Class? (EP.379)

Sep 25, 2024

The conversation kicks off with insights from the Future Proof conference, highlighting the changing financial landscape and middle-class identity. They dive into the rise of ETFs and discuss the shifting dynamics of the job market and home ownership trends. With a side of humor, they reflect on personal experiences of aging, the complexities of streaming services, and the impact of recent Twitter changes on user experience. Personal stories about grief and new pets add an emotional touch, making for a blend of light-heartedness and serious economic commentary.

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ANECDOTE

Future Proof Festival Fun

Michael Batnick and Ben Carlson reflect on the Future Proof festival, noting its growth and positive atmosphere.
They discuss shared experiences like the Third Eye Blind concert and leaving the bar early.

ANECDOTE

Peak Dad Activities

Ben Carlson shares a middle-aged take on grocery shopping and meal prepping on Sunday mornings.
Michael Batnick and Ben Carlson discuss their Cutco knives from 25 years ago.

INSIGHT

Market Defying Expectations

The stock market has seen 40 new all-time highs, a 10-bagger return since the GFC, and significant gains since COVID lows.
Despite constant warnings of impending doom, the market continues its upward trend, reminiscent of the 80s and 90s.

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On episode 379 of Animal Spirits, Michael Batnick and Ben Carlson discuss: our experience at Future Proof, melt-up possibilities in the stock market, what's left for ETFs, how many people are actually in the middle class, the death of the minivan, housing prices vs. demographics, cutting the cord, why Twitter is getting worse, and much more!

This episode is sponsored by Innovator ETFs and CME Group.

To learn how you can gain exposure to the Nasdaq-100’s potential upside, with built-in risk management against the downside, visit: Innovatoretfs.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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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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