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You are at:Home » Animal Spirits: What is Wealth?
Wealth Building

Animal Spirits: What is Wealth?

adminBy adminAugust 28, 2024No Comments5 Mins Read
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Posted August 28, 2024 by Ben Carlson

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

YCharts Launches New Partnership with United Planners ...

See here for 20% off your initial YCharts professional subscription

On today’s show, we discuss:

Listen here

Recommendations:

Charts:

Tweets:

If you follow our daily market dashboards, a new international set of charts dropped

One of my favorites attributes long-term drivers of returns: What caused Intl stocks to lag last 5/10years:

Slower sales growth, less multiple expansion, FX losses (ie everything) pic.twitter.com/z8wO4ITxFw

— Jeremy Schwartz (@JeremyDSchwartz) August 24, 2024

Yes, it is volatile lately, but durable goods up nearly 10% simply isn’t something you see in a recession or an economy headed for one.

We’ve long said there is no recession coming (even three weeks ago when they promised us one) and we are still in that camp. pic.twitter.com/E0F8FmoiuG

— Ryan Detrick, CMT (@RyanDetrick) August 26, 2024

For the 1st time, there are 5 generations in the US workforce at the same time.

This is the new normal as Americans live longer and want (or need) to work longer.

But it’s creating tension. Gen Z won’t be promoted as fast as prior generations b/c it’s “crowded” at the top pic.twitter.com/dqa1b3Fbdz

— Heather Long (@byHeatherLong) August 26, 2024

“According to the Census Bureau, only 16% of households have incomes of at least $200,000 in the New York City area. In the San Francisco area, 26% of households do.” pic.twitter.com/0P6rGfXknK

— Kyla Scanlon (@kylascan) August 26, 2024

Spending on streaming services appears to have topped out in Bank of America internal data,

and the growth in households paying for services has slowed. pic.twitter.com/uTSBXMw2sq

— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) August 27, 2024

YouTube TV will now also offer Fantasy View, allowing Yahoo and NFL,com users to link their fantasy teams to their YouTube TV accounts—which will provide key plays and multi-view options personalized to each viewer’s fantasy football roster. pic.twitter.com/Ly4pNUCYCl https://t.co/yy98p6yEVa

— Ari Meirov (@MySportsUpdate) August 20, 2024

Allowing teams to sell up to a total of 10 percent of each team to a list of permitted private equity firms is expected to be voted on and approved today. https://t.co/5lw5ymkepz

— Adam Schefter (@AdamSchefter) August 27, 2024

If the deal between $ATD.TO and $SVNDY goes through, they will hold a market share of ~13% – making them significantly larger than the next player, $CASY, at 1.7%.

However, the U.S. convenience store market is still very fragmented, with 63% of stores being single-operated. pic.twitter.com/3uCQRSGTDW

— Quartr (@Quartr_App) August 26, 2024

“How are you?” is thrown around too casually.

As a German, I’m not used to exchanging pleasantries with strangers such as cashiers like that.

It feels kind of fake to ask a question that no one really wants an honest answer to, but I guess it’s part of American social norms.

— Ole Lehmann (@oledoteth) August 20, 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.

The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. 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. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

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