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You are at:Home » Animal Spirits: Why Crypto Needs BlackRock
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Animal Spirits: Why Crypto Needs BlackRock

adminBy adminJuly 6, 2023No Comments3 Mins Read
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Posted June 28, 2023 by sean

Today’s Animal Spirits is brought to you by YCharts:

YCharts Launches New Partnership with United Planners ...

Go here to check out YCharts’ latest research on which portfolios and asset classes perform best during Fed Rate Hike Cycles.

On today’s show, we discuss:

Future Proof:

 

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Charts:

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Year to Date: $AAPL, $MSFT, $AMZN, $NVDA, and $META have added a combined $3 trillion in market cap since the start of the year.

5 stocks added more market cap in the first 6mo than the GDP of India or the UK, and more than the sum of South Korea and Australia’s GDPs combined. pic.twitter.com/0iExtIb2JI

— The Compound (@TheCompoundNews) June 22, 2023

Apple’s App Store now generates $1.1 trillion in billings and sales on a global basis, making it larger than the annual GDP of all but 16 countries and larger than the GDP of countries like Saudi Arabia, Turkey, Switzerland, and Taiwan.

— Bespoke (@bespokeinvest) June 26, 2023

Bond traders are now convinced that the Fed won’t cut rates this year

That’s been a contrarian opinion for most of this year, though pic.twitter.com/KD4Gz21BRh

— Callie Cox (@callieabost) June 25, 2023

Credit investors rejoice!

62% of new junk bonds issued are secured, the highest rate in recent history

Good thing, as defaults are rising. The trailing 12-month, speculative-grade default rate was 3.07% (up from 1.22% in early 2022) pic.twitter.com/oTsVeWvyj5

— Julian Klymochko (@JulianKlymochko) June 25, 2023

The numbers don’t make sense. Something is off kilter.

— Elon Musk (@elonmusk) June 21, 2023

So now the asset managers who thought #Bitcoin was cooked are jockeying to secure a position before the ETFs go live.

But 70%+ of the supply is already in the hands of psychos who didn’t even flinch when FTX blew up.

Look at me in my laser eyes. The bidding begins at $1000K.

— Stack Hodler (@stackhodler) June 21, 2023

$10 trillion BlackRock CEO: The hits on our website was 3k for monetary policy, and 600k for #Bitcoin

“Many people are fascinated about it, many people are excited about it.” pic.twitter.com/2VZMbSLqeT

— Bitcoin Magazine (@BitcoinMagazine) June 23, 2023

“We estimate the hit to disposable income from the end of the student loan moratorium lowers real PCE this year by 8-12bp and real GDP by 6-9bp…” – Morgan Stanley

— Sam Ro 📈 (@SamRo) June 22, 2023

So it used to be the case that you could book hotels and stuff through Chase using your points, and you’d save something like 25%.

Now it seems like they mark everything up 30+% and offer fewer benefits than if you were to book direct 🤨

— Jake (@iamjakestream) June 20, 2023

If you bought Netflix in 2018 because you thought they had won streaming…

You would have been right and you would have made no money pic.twitter.com/plrOOCKr3u

— BuccoCapital Guy (@buccocapital) June 23, 2023

Contact us at animalspiritspod@gmail.com with any feedback, recommendations, or questions.

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Wealthcast Media, an affiliate of Ritholtz Wealth Management, received compensation from the sponsor of this advertisement. 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. Investing in speculative securities involves the risk of loss. Nothing on this website should be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product.

 





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