Animal Spirits Podcast

Dive into a blend of nostalgia and modern economic insights! Discover why the stock market seems indifferent to labor trends and how the top 10% are driving the economy. Explore the intriguing contrasts between gold and AI performance, and the dynamics of IPOs versus small caps. Reflect on Gen Z's wealth inequality and the unexpected resilience of the midwest housing market. Plus, amusing anecdotes from the Future Proof event make for light-hearted listening. It's a captivating mix of culture, finance, and a bit of fun!

Wes Crill, Senior Client Solutions Director & VP at Dimensional Fund Advisors, and Tony Kelly, Co-Founder of BondBloxx ETFs, discuss lucrative investment strategies during market highs. They explore the nuances of Collateralized Loan Obligations (CLOs) and their advantages over traditional bonds. The conversation delves into the stability of CLOs amid rising interest rates and the importance of diversification in private credit portfolios. They also challenge common misconceptions about market peaks and behavior, providing listeners with crucial insights for smarter investing.

Join the hosts as they share humorous insights from the Future Proof event in California. They reflect on the evolution of their wealth management firm, sharing personal challenges and triumphs. The conversation also covers the unexpected benefits of podcasting and the fun quirks of social interactions at conferences. With a blend of nostalgia and banter about modern habits like audiobook listening, the hosts create a lively atmosphere, celebrating their journey and engaging with their audience.

Ehren J. Stanhope, Chief Investment Strategist at Canvas Custom Indexing, delves into the evolution of investment products and the transformative power of custom indexing. He emphasizes how 2019 marked a pivotal change, enhancing accessibility for financial advisors. The discussion highlights strategies for managing concentrated portfolios during market volatility and the crucial role of education regarding custom indexing. Stanhope also details the integration of technology in financial advisory, which significantly impacts personalized investment management.

The hosts dive into wealth inequality, contrasting the old money of the Vanderbilts with today's market dynamics and corporate investments in AI. They humorously discuss the rise of junk bonds despite economic woes and the explosion of ETFs outpacing stocks. Health remedies from social media spark laughter, while personal anecdotes keep the conversation relatable. A comedic take on baldness and hat mishaps adds charm, alongside insights into consumer sentiment and the implications of AI on job markets. It's a lively mix of serious finance and light-hearted banter!

Don Casturo, CIO at Quantix Commodities LP, known for developing innovative commodity indices, joins Kristof Gleich, President & CIO at Harbor Capital, who partners with boutique managers for strong returns. They discuss the evolving landscape of commodity investments, highlighting the flaws in traditional indices and the need for adaptive strategies. The impacts of AI on demand and pricing are explored, along with the importance of diversification in portfolios. Prepare for insightful discussions on navigating economic shifts and maximizing returns!

Explore the implications of Fed rate cuts on the stock market and whether we’re witnessing 1996 or 1999 all over again. Delve into the need for a recession to revive value stocks and the fascinating evolution of individual investing from the 90s to now. Learn about consumer behavior trends with 'buying the dip' and the skepticism surrounding cryptocurrencies. The hosts also share their reflections on gambling luck, personal growth through audiobooks, and the intricacies of current market dynamics.

John Burrello, Senior Portfolio Manager at Invesco, shares insights on innovative income strategies using options to generate monthly income. He discusses the advantages of their Income Advantage ETF Suite and contrasts it with traditional dividend approaches. The conversation delves into the psychological aspects of investing, emphasizing the dangers of high-yield misconceptions. Burrello also highlights the importance of balancing income and growth within investment portfolios and offers guidance on adapting strategies for varying market conditions.

The hosts dive into the current stock market's monotony, exploring how AI is influencing valuations. They question if small caps are truly dead and analyze the contrasting performances of fast food versus sit-down restaurants. The conversation shifts to the significant impact of tariffs and the K-shaped recovery, along with the challenges facing entry-level workers. Nostalgia hits as they reminisce about iconic teen movies while weaving in reflections on mentorship and the shifting landscape of streaming services. It's a wild ride through finance, culture, and personal anecdotes!

Craig Bewick, Head of Retail Education at the CME Group, shares insights on the rise of retail investors in futures trading. He discusses the mechanics of futures contracts and the flexibility they offer compared to options. The conversation also touches on the importance of hedging strategies to navigate market volatility, the burgeoning field of crypto futures, and debunks misconceptions surrounding leveraged ETFs. Bewick encourages listeners to take advantage of educational resources to deepen their understanding of this dynamic trading landscape.