Animal Spirits Podcast

Yolo Spenders (EP.328)

Oct 4, 2023

Speakers discuss rising treasury yields and the bond market, tech stocks, mortgage rates, and housing affordability. They also cover the decline in utilities, concerns about investor returns, and companies' layoffs. Additionally, they analyze cryptocurrency ownership in America and discuss changing preferences in food and surprising car sightings.

59:09

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Quick takeaways

Rising long-term bond yields raise concerns about their impact on the economy, housing market, and consumer sentiment.

The hosts discuss the changing dynamics in the financial system, including the rise of cryptocurrencies and advancements in metaverse concepts.

Deep dives

Summary of the Podcast Episode

The podcast episode discusses various topics such as investment excellence, the importance of having durable income in portfolios, and the benefits of using Kaplan's CFA books for studying. The hosts also share their personal experiences with taking the CFA exams and discuss the pass rates of different levels. They also delve into the sudden rise in long-term bond yields and question the reasons behind it. The conversation touches on the potential impact of rising rates on the economy, as well as the housing market and consumer sentiment. The hosts express their uncertainty about the future trajectory of rates and housing prices, highlighting the complex interplay of various economic factors. They also explore the changing dynamics in the financial system and the potential role of cryptocurrencies. Lastly, they touch on recent trends in the entertainment industry, including the advancements in cast technology and the growing popularity of metaverse concepts.

Introduction

2min

Discussion of Pass Rates, Study Guides, and Upcoming Event

2min

The Rise in Treasury Yields and the Bond Market

9min

Tech Stocks, Mortgage Rates, and Housing Affordability

14min

Decline in Utilities and Concerns about Investor Returns

17min

Discussion on Companies' Layoffs and Disney's Per Capita Guest Spending

2min

Cryptocurrency Ownership in America

4min

Changing Preferences and Surprising Car Sightings

8min

On episode 328 of Animal Spirits, Michael Batnick and Ben Carlson discuss: crazy moves in US Treasuries, how prepared the consumer is for a recession, more positive data on inflation, Michael Lewis and the SBF situation, dark meat chicken, the best 80s movies, and much more!

Nuveen has provided investment excellence for 125 years. Visit https://www.nuveen.com to learn more.

The CFA Program is very difficult, but Kaplan Schweser can help you prepare. Visit https://www.schweser.com/ to learn more.

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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