Animal Spirits Podcast

Did Trump Blink? (EP. 405)

Mar 26, 2025

Discover how to become indispensable in the workplace while exploring the stock market's recent resurgence. The hosts delve into the intriguing dynamics of international stocks and consumer behavior, emphasizing that actions speak louder than words. They reflect on both the emotional aspects of investing during fluctuations and the unique challenges in the housing market today. With a sprinkle of humor, they touch on contemporary youth pressures and fondly reminisce about their favorite TV shows, creating a rich tapestry of insights.

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Episode notes

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Quick takeaways

The resurgence of international stocks, notably Chinese stocks, illustrates the volatile nature of market sentiment and investor recovery potential.

Barry's book, 'How Not to Invest', focuses on avoiding common investment mistakes to guide beginners in making informed decisions.

The adverse effects of the COVID-19 pandemic on youth highlight unique challenges they face, increasing anxiety and diminished expectations despite improved financial conditions.

Deep dives

Investor Sentiment Shift

At the end of last year, many investors expressed extreme pessimism about international stocks, experiencing a collective sense of burnout after 15 years of disappointing performance. This sentiment has since shifted dramatically, with Chinese stocks notably making a significant comeback, evidenced by K-Web, which has seen over a 20% increase this year. The previous year's lows prompted this upward momentum, suggesting that a turnaround was always possible as investor confidence began to rebuild. This highlights the volatile nature of market sentiment and the potential for recovery despite prolonged stagnation.

Intro

2min

Live Shows and Learning Curves

9min

Transforming Workflow with Charts

3min

Navigating Market Fluctuations

15min

Understanding Stock Market Dynamics

5min

Navigating Economic Uncertainties

13min

Market Dynamics: Housing Affordability and Economic Uncertainty

2min

Navigating the IPO Landscape and Buy Now, Pay Later Trends

6min

Navigating Modern Challenges: Youth and Media

12min

10.

Reflections on TV Favorites and Upcoming Adventures

2min

On episode 405 of Animal Spirits, Michael Batnick and Ben Carlson discuss: how to become indispensable at work, the stock market comeback, the wealth effect, international stock outperformance, who owns the US stock market, 100 baggers, the Jerome Powell rally, watch what consumers do not what they say, how the GFC messed up the housing market, the shrinking middle class, Severance and more.

This episode is sponsored by Kraneshares and Fabric by Gerber Life.

Explore the KraneShares China & Emerging Markets Internet ETF Suite at: https://kraneshares.com/kweb-suite/?adsource=compound

Join the thousands of parents who trust Fabric to protect their family. Apply today in just minutes at: https://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.

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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