The Most Crowded Trade on Wall Street (EP.339)

5 snips

Dec 20, 2023

Topics discussed in this podcast include the transparency of the Federal Reserve, the crowded investor positioning in the higher for longer trade, the concentration of 'Magnificent Seven' stocks, the potential impact of AI on the stock market, correlations between GDP growth and commercials for gold and silver, a lighthearted conversation about email protocol and a frustrating basketball game, the cash-only aspect of ETFs for cryptocurrencies, the influence of social media on happiness, personal anecdotes and movie recommendations, and discussions about Godzilla, Mark Zuckerberg's doomsday preparations, and comedy shows on Netflix.

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INSIGHT

Market Recovery

The stock market has broken even from the bear market lows on a total return basis.
Celebrate staying the course through market turmoil, including a pandemic, bubble, crash, and bear market.

INSIGHT

Goldilocks Economy

The US economy is experiencing a rare confluence of positive factors: stocks at highs, gas prices at lows, and low unemployment.
This "Goldilocks" scenario suggests the economy might be as good as it gets.

ADVICE

Buy and Hold

Buy and hold is a good strategy for most investors because market timing is difficult.
Companies, especially in the US, are efficient at navigating challenges, leading to earnings growth and market recovery.

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On episode 339 of Animal Spirits, Michael Batnick and Ben Carlson discuss: mission accomplished from the Fed, what comes after a soft landing, new highs in the stock market, small caps breaking out, the best thing we've built in America, more people own stocks than ever, the economic chart of the year, the best movie of the 2020s (so far), and much more!

Thanks to AllianceBernstein and the College for Financial Planning—a Kaplan Company—for sponsoring this episode!

To learn more about the AllianceBernstein Conservative Buffer ETF, visit: https://www.alliancebernstein.com/us/en-us/investments/etfs.html

For more on the College for Financial Planning's Accredited Behavioral Finance Professional (ABFP) program visit: https://www.kaplanfinancial.com/wealth-management/abfp

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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