Animal Spirits Podcast Person of the Year (EP.235)
Dec 15, 2021
The podcast dives into the vibrant post-pandemic revival of New York City’s nightlife. It contrasts the performance of major tech stocks with smaller ones and speculates on market turbulence. Discussions include how inflation affects various income levels and innovative dining trends shifting towards fast and efficient models. The conversation also touches on unique investment opportunities and the intriguing world of utility NFTs, revealing broader societal changes in consumer behavior and financial strategies.
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NYC Boom
- Ben Carlson visited New York City and observed a significant resurgence in activity.
- Crowded bars, bustling shops, and the Rockefeller Center Christmas tree all pointed to a thriving city atmosphere.
Market Sentiment Disconnect
- Despite numerous all-time highs, market sentiment doesn't reflect this exuberance.
- Speculative assets outside major indices have underperformed, creating a disconnect between headline numbers and individual experiences.
Tech Giants Dominance
- A small number of large-cap stocks like Apple, Microsoft, Google, NVIDIA, and Tesla drive S&P 500 gains.
- The market's resilience despite struggling speculative stocks raises questions about future market dynamics and rotations.
