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Jamie Dimon, CEO of JPMorgan Chase, expressed optimism about the strong labor market and highlighted the strength of consumer credit, indicating a positive outlook for the economy.
Funding for global creator economy startups has seen a significant decline, highlighting potential challenges in the industry. The decrease in funding could be attributed to concerns about volatile prices and regulations surrounding non-employee shareholders for private companies.
Home insurance premiums in Florida have reached staggering levels, averaging $9,200 annually. This has led to a significant number of buyers backing out of contracts and homeowners opting not to purchase property insurance due to the high costs.
According to a report by the Bureau of Labor Statistics, only one-third of US businesses created in March 2013 were still operating after a decade. This indicates that two-thirds of businesses fail within a ten-year period. Despite this, people continue to create new businesses, highlighting the resilience and entrepreneurial spirit in the country.
The current wage growth in the US stands at 5.2% as of December 2023, indicating a significant increase in real wages. This positive trend in wage growth can contribute to a strong and healthy economy. Additionally, despite initial outflows from Grayscale, the launch of Bitcoin ETFs on platforms like Peacock has seen substantial investor interest, with inflows reaching 1.4 billion dollars in the first two days. This indicates a growing appetite for cryptocurrency investments.
On episode 343 of Animal Spirits, Michael Batnick and Ben Carlson discuss: setting return expectations moving forward, US Large Cap stocks generating a ton of cash, a bear market in used cars, an update on Bitcoin ETFs, Great Quarter Guys, driving in a blizzard, and much more.
Thanks to Nasdaq ETFs and Fabric by Gerber Life for sponsoring this episode.
To learn more about Nasdaq ETF offerings, visit: https://www.nasdaq.com/solutions/nasdaq-etf-listings
For more about life insurance from Fabric, visit: meetfabric.com/spirits
Find complete show notes on our blogs...
Ben Carlson’s A Wealth of Common Sense
Michael Batnick’s The Irrelevant Investor
Feel free to shoot us an email at animalspirits@thecompoundnews.com with any feedback, questions, recommendations, or ideas for future topics of conversation.
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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.
Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information.
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