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

Animal Spirits: What is Upper Middle Class?

adminBy adminJuly 23, 2025No Comments4 Mins Read
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Posted July 23, 2025 by Ben Carlson

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

This episode is sponsored by Vanguard. Learn more at: https://vgi.vg/3GbOsYM.

Click the link, https://go.ycharts.com/one-big-beautiful-bill-act?utm_source=Animal_Spirits&utm_medium=Original_Research&utm_campaign=OBBBA_Deck&utm_content=Podcast to download the deck for free, and get 20% off your initial YCharts Professional subscription when you start your free YCharts trial through Animal Spirits (new customers only)

On today’s show, we discuss:

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US stock market traded 20 billion shares today. One stock, $OPEN , was responsible for almost 10% of the volume (1.86 bill shares)

— Joe Saluzzi (@JoeSaluzzi) July 21, 2025

He is exactly wrong. Investing *is* easy. Buy the 500 best businesses in the world. Enjoy your life. Play with your kids. Buy the dip. Never sell. Be an active member of your community. Double your money roughly every seven to ten years by doing nothing. Investing is easy https://t.co/sjWAd9l7hD

— BuccoCapital Bloke (@buccocapital) July 21, 2025

#Bitcoin has slowly become less volatile over the last decade and its recent volatility is extremely low.  This favors incremental adoption but also suggests future returns will be lower than historical norms.$BTC pic.twitter.com/fAhhKFRK2C

— Nick Colas & Jessica Rabe (DataTrek) (@DataTrekMB) July 17, 2025

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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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