The Bottoming Process

6 snips

Oct 3, 2023

Exploring the difference between a wise crowd of independent thinkers and a dangerous crowd that shares information. Highlighting the financial success of Ken Griffin in the meme stock craze. Discussing Wall Street's profitability and cautioning against blindly following the wisdom of crowds. Previewing topics of consumer spending, bond yields, stock prices, utilities, diversification, and mystery charts. Fashion choices, live podcast announcement, and sponsor recommendation. Stock market performance, bottoming process, and the impact of rising interest rates. Market outlook, September weakness, and historical fourth quarter performance. The underperformance and negative sentiment surrounding utilities stocks. The viral meeting involving Lindy Ocarino, Twitter's debt, and European stock outperformance. Podcast updates, wealth management advertisement, and a podcast recommendation.

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Introduction

00:00 • 5min

Wall Street's Profits and the Wisdom of Crowds

04:51 • 3min

Fashion choices, live podcast announcement, and sponsor recommendation

07:51 • 3min

Stock Market Performance and Bottoming Process

10:24 • 9min

Market Outlook and September Weakness

19:49 • 9min

The Current State of the Utilities Sector

29:10 • 13min

The Viral Meeting and Twitter's Debt

41:57 • 14min

The Surprising Performance of European Stocks

55:36 • 11min

Podcast Updates, Wealth Management Advertisement, and Podcast Recommendation

01:07:06 • 2min

Join Downtown Josh Brown and Michael Batnick for an all-new episode of What Are Your Thoughts and see what they have to say about the biggest topics in investing and finance! On this show they discuss: rising rates, the utilities crash, what Twitter/X is worth, consumer spending, and much more!

Thanks to Birddogs for sponsoring this episode! Visit https://www.birddogs.com/THOUGHTS for a free white-tech dad hat with every purchase!

Watch this episode on YouTube: https://youtube.com/live/BOQqmuuuOwE

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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 Josh Brown 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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