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You are at:Home » Animal Spirits: The Holy Grail of Investing
Wealth Building

Animal Spirits: The Holy Grail of Investing

adminBy adminFebruary 7, 2024No Comments5 Mins Read
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Posted February 7, 2024 by sean

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

YCharts Launches New Partnership with United Planners ...

See here for YCharts research on the best-performing ETFs of 2023


See here to register for the Future Proof Retreat in March!

On today’s show, we discuss:

Listen here:

Recommendations:

Charts:

Tweets:

Well, that was weird. Thanks $META.

This seems like it’s going down as one of the very few times since the S&P 500 became a 500-stock index that it jumped more than 1% on a day when more of its stocks declined than advanced.

Forward returns weren’t great. pic.twitter.com/Ey0KmXfKZt

— Jason Goepfert (@jasongoepfert) February 2, 2024

Man, this is weird.

The S&P 500 is within .35% of a 3-year high.

Fewer than 40% of its stocks are above their 10-day avg, fewer than 60% above their 50-day, and fewer than 70% above their 200-day.

Since 1928, that’s only happened once before: August 8, 1929.

— Jason Goepfert (@jasongoepfert) February 6, 2024

The S&P 500 closed within 0.35% of an all-time high yet fewer than 20% of NYSE issues rallied today.

That’s never happened, since at least 1962.

There were only 2 days when fewer than 30% of issues rallied:

November 22, 1999
January 18, 2018

— Jason Goepfert (@jasongoepfert) February 5, 2024

Always have to wrestle with the question of whether the relative cheapness of an index is appropriate given fundamentals.

Underperformance of R2K vs nasdaq in large part driven by the significant divergence in the level and trend of earnings. pic.twitter.com/DmYaHOxlTm

— Bob Elliott (@BobEUnlimited) February 4, 2024

Grey lines are where Fed Fund Futures (the market) expected the actual Fed Funds Rate to track. Blue line is where the Fed Funds Rate actually tracked. What do you notice? pic.twitter.com/UApzzrOIHy

— Bespoke (@bespokeinvest) February 4, 2024

One measure of sentiment among individual investors, the Yale School of Management One-Year Confidence Index, is at the highest level since **2007** pic.twitter.com/yorEDScKcj

— Gunjan Banerji (@GunjanJS) February 4, 2024

iShares Bitcoin Trust & Fidelity Wise Origin Bitcoin Fund now #1 & #2 in AUM out of *all* ETFs launched since beginning of 2023…

That’s over 600 ETFs.

IBIT & FBTC did this in less than 3 weeks.

— Nate Geraci (@NateGeraci) January 31, 2024

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Nothing in this blog constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security.  Any opinions expressed herein do not constitute or imply endorsement, sponsorship, or recommendation by Ritholtz Wealth Management or its employees. 

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.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

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