Animal Spirits Podcast

Delve into the latest insights from Josh Brown's new book and explore the bullish market sentiments with a record high of 401k millionaires. The hosts tackle the efficient market hypothesis while navigating the complex world of financial choices and emotional parenting. Lighthearted anecdotes about movie theaters and mustache trends add humor to reflections on glamping versus camping. From the impact of economic pressures on the American dream to nostalgic film recommendations, this conversation seamlessly blends finance and personal stories.

Join Priya Misra, a savvy portfolio manager for the JPMorgan Core Plus Bond ETF, as she unpacks the surge in private credit popularity and today's corporate bond spreads. Discover what a soft landing means for interest rates, along with insights into high-quality names in high yield. Misra emphasizes the balance of risk and yield in portfolio management, exploring the active strategies needed in the current climate of fluctuating rates. Get ready for a deep dive into navigating the evolving landscape of fixed income investments!

Dive into the intriguing world of wealth with musings on Jerome Powell's influential speech and the unexpected rise of Nvidia millionaires. Discover why every generation seems to think they have it worse when it comes to financial struggles. Explore the complexities of housing affordability and the noise in financial advice that can mislead even seasoned investors. Listen in as they discuss the psychological costs of chasing wealth and the evolving perspectives on what it truly means to be wealthy in today’s economy.

In this engaging discussion, Brandon Nelson, a Senior Portfolio Manager for Calamos specializing in small cap investments, dives deep into the hidden gems of the stock market. He sheds light on why small caps often fly under the radar and explores key sectors ripe for investment. The conversation touches on the intricate relationship between momentum and fundamentals and the unique profitability of small cap stocks. Brandon also shares valuable insights into navigating market cycles and the art of sell discipline, offering listeners a rich perspective on small cap opportunities.

Michael Sidgmore, Partner and Co-Founder of Broadhaven Ventures, dives into the evolving world of alternative investments, highlighting their shift from institutional to individual accessibility. He discusses the rise of evergreen structure funds, allowing for better liquidity and compounding. The conversation touches on the impact of large firms like Blackstone and the competitive landscape between traditional banks and private credit. Sidgmore stresses the crucial need for financial advisors to educate clients on these investment opportunities and the complexities of private markets.

The hosts dive into the complexities of inflation, surprising many with insights about millennial wealth. They explore the evolving landscape of the stock market and consumer behavior, using Walmart as a key example. Cultural reflections on summer camps highlight their developmental benefits for kids. Delving into the rising gaming industry, they expose financial risks tied to gambling. A humorous take on fitness trends and nostalgic movie critiques keeps the conversation lively and relatable, reflecting on both personal and societal changes.

Kevin Walkush, a Portfolio Manager at Jensen Investment Management, discusses what quality means in investing. He shares insights on the removal of META from their portfolio and dives into the implications of AI and tech bubbles. Walkush highlights sectors poised for long-term growth and how interest rates impact valuations. He emphasizes the importance of risk management and thorough analysis, revealing how quality companies adapt during inflation. The conversation underscores a disciplined, high-quality investment approach in today’s complex market.

The hosts dive into the world of economic disparities, exploring the challenges Boomers and Millennials face in housing and finances. They reflect on market volatility and share humorous comparisons between personal habits and stock market unpredictability. The discussion touches on the impact of interest rates on home buying and the potential refinancing boom, before exploring the ever-evolving entertainment landscape, including Disney's struggles and the resilience of movie theaters. Generational humor adds a light touch as they dissect modern cinematic preferences.

Jerry Prior III, COO & Senior Portfolio Manager of Mount Lucas Management, dives into the world of managed futures. He explains how portfolios can benefit from these strategies and their role in diversifying investments. Jerry discusses the intricacies of trend-following techniques and how they excel in volatile markets, especially during inflationary periods. He shares the fascinating history of the MLM Index and how it evolved into an ETF, showcasing its significance in offering diversification during financial turbulence. A must-listen for finance enthusiasts!

Market mayhem takes center stage as the hosts debate whether we're facing a flash crash or the symptoms of an impending recession. They reflect on Japan's interest rate hike and its global impact. The discussion shifts to the challenges of the restaurant industry, technology’s influence on jobs, and the evolving landscape of service wages. Insights on inflation connect to classic movie reflections, while the hosts express mixed feelings about upcoming films, keeping the conversation lively and engaging.