Animal Spirits Podcast

Alex Morris, CIO of F/m Investments, discusses the 2024 rate cut possibilities, the difficulty of forecasting, and the use of spreads as a forecasting tool. They also explore the idea of an equal weighted AG index in the bond market and the difference between yield and coupon rate. The podcast emphasizes the importance of control and precision in bond investments.

The podcast discusses the average length of bull and bear markets, the performance of small cap stocks, the large amount of cash in the market, the state of the labor market, airline credit cards, 0% rate loans, the launch of Bitcoin ETFs, generational ownership of large homes, and the importance of assigning probability to predictions.

The hosts discuss various topics including macro economy, inflation, commodity trading, and behavioral finance. They also explore the impact of declining commodity prices on the farming industry, reasons for optimism in advancements, rising cost of pet food, favorite trades and trading strategies, consumer spending and technology in farming, and bullishness on natural gas.

Topics include US Large Cap stocks generating a ton of cash, a bear market in used cars, an update on Bitcoin ETFs, driving in a blizzard, the decline in funding for fintech startups, and opinions on the movie 'Killers of the Flower Moon'.

Explore the experience of a diversified investor in 2023, utilizing AI to build portfolios for advisors, Helios' latest trading service offering, the challenge of investing only in big tech companies, incorporating Bitcoin ETF into portfolios, decision-making characteristics and client preferences in portfolio building, and the benefits of outsourcing or insourcing model portfolio management.

In this podcast, the hosts discuss the winners and losers of 2023 in the markets. They explore short-term vs. long-term returns for stocks and why the U.S. dominates financial markets. They also talk about Bitcoin ETF fees, the true wealth of Americans, and the uncertainty in the commercial real estate market. Additionally, they cover topics such as Apple's AI developments, the perception of the past, and football predictions. The podcast concludes with discussions about Uber One, the Peacock streaming service, and their frustration with seeing Mario Lopez in hotels.

Topics discussed in this episode include 2023 market performance, 2024 predictions, historical stock market return series, the quality of restaurants, paying off mortgages early, downsides of behavioral finance, and a cynical take of the year.

In this episode, the hosts discuss Christmas arguments, green shoots in prices, inflation in the 1940s and 1970s, why index funds are not a concern, saving and investing in middle age, the extreme nature of Bitcoin, celebrating no recession in 2023, the resilience of the U.S. economy, Christmas movie recommendations, and much more!

Todd Morris, International Growth Portfolio Manager and Analyst for Polen Capital, discusses valuation discrepancies between international stocks and US stocks, the impact of the dollar on international investments, cultural differences when investing outside the US, position sizing within a concentrated portfolio, and more!

Topics discussed in this podcast include the transparency of the Federal Reserve, the crowded investor positioning in the higher for longer trade, the concentration of 'Magnificent Seven' stocks, the potential impact of AI on the stock market, correlations between GDP growth and commercials for gold and silver, a lighthearted conversation about email protocol and a frustrating basketball game, the cash-only aspect of ETFs for cryptocurrencies, the influence of social media on happiness, personal anecdotes and movie recommendations, and discussions about Godzilla, Mark Zuckerberg's doomsday preparations, and comedy shows on Netflix.