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You are at:Home » Animal Spirits: The Fed Should Cut Already
Wealth Building

Animal Spirits: The Fed Should Cut Already

adminBy adminFebruary 21, 2024No Comments5 Mins Read
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Posted February 21, 2024 by sean

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

YCharts Launches New Partnership with United Planners ...

See here for more information on YChart’s Advisor Pulse newsletter

On today’s show, we discuss:

Listen here:

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Charts:

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This is absolutely unreal…

Abercrombie & Fitch has risen another 15% over the last few weeks and has now ~8x in less than 18 months

It’s the best performing stock in the S&P 1500 Index, even outperforming Nvidia $NVDA by a huge margin

Absolutely no one could have predicted… pic.twitter.com/osI2LkUz9y

— Triple Net Investor (@TripleNetInvest) February 14, 2024

Update: in 2022, the average family in the US spent 9.9% of their income on food (groceries and dining out). This is the exact same percent they spent in 2019, before the pandemic and all the food inflation

% of income spent on food
2019: 9.9%
2020: 8.7%
2021: 9.5%
2022: 9.9% https://t.co/1v315xB5HL

— Jeremy ‘adjusted for inflation’ Horpedahl 📈 (@jmhorp) September 8, 2023

Bitcoin ETF from small fund no one had heard of until a month ago, scoops up 1 billion in assets in 30 days with 8 other competitors in the mix.

Tells you something about demand for this product. https://t.co/XqAKdn6V1r

— Fred Krueger (@dotkrueger) February 15, 2024

Roughly 70% of Bitcoin supply still hasn’t moved in at least a year while ETFs are seeing $500mm of inflows a day

Don’t need to be an economics PHD to know what’s set up to happen next

— Will (@WClementeIII) February 14, 2024

Here we are. When nobody believed in this technology, we, as a group of Cornellians, were in a small office in Brooklyn, knowing that this new way of issuing, owning, and transferring assets would ultimately prove to be critical, not just for individuals, but also for… pic.twitter.com/fGwdetKOMA

— John Wu 🔺 (@John1wu) February 14, 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. 

The Compound, Inc., 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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