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Today’s Animal Spirits is brought to you Betterment and YCharts:
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This episode is sponsored by YCharts. Visit https://go.ycharts.com/animal-spirits to start a free trial and get 20% off your initial YCharts Professional subscription (new customers only).
On today’s show, we discuss:
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NEW: Retail investors are pouring into U.S. stocks at a record pace.
According to Citadel Securities, the day of SpaceX’s blockbuster IPO marked the largest single day of net retail stock buying ever recorded by the firm, which handles roughly 35% of U.S. retail trading volume.… pic.twitter.com/KJnCvfviTr
— Frank Chaparro (@fintechfrank) June 17, 2026
Per @VandaTrack:
Retail’s single-stock net buying has fallen to the lowest (on a 3-day rolling basis) since COVID pic.twitter.com/XmXln8sLqI
— Kevin Gordon (@KevRGordon) June 15, 2026
History didn’t stop at $10 billion.
The Roundhill Memory ETF $DRAM surpassed $20 billion in AUM in just 54 days, approximately half the time of the previous record holder. Another milestone that further establishes $DRAM as the fastest-growing ETF ever launched. *As of… pic.twitter.com/zqfdLB7E4n
— Roundhill Investments (@roundhill) June 18, 2026
BofAI: Consumer spending momentum is remarkably robust, with total card spending rising 5.1% YoY in May – the strongest growth in nearly four years
Note: this is from BofA Institute. publicly available pic.twitter.com/in7DyDulFk
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) June 11, 2026
They are putting DATA CENTERS in the ocean now.
Panthalassa, a startup from Portland, just raised $140 MILLION.
what they do: build floating platforms that sit out at sea and run AI. no power grid needed. the ocean waves make all the electricity. the seawater keeps the chips… pic.twitter.com/iv2cOj2uza
— shirish (@shiri_shh) June 18, 2026
A technical dive inside our new “Midjourney Scanner” pic.twitter.com/wJBHz2O7ro
— Midjourney (@midjourney) June 18, 2026
This is the primary source of prediction market nihilism.
Two years ago, prediction market volume was > 90% Politics + Economics.
Today, those same categories are under 6% of total volume.
The onus is on venues to create novel products that surface novel + useful information. pic.twitter.com/bZt2Sw7r31
— Ryan Chern (@ryanchern) June 21, 2026
When do home sales finally return to normal?
How long does lock-in prevent home sales?
What happens to home sales if rates stay at 6.5%?I get asked these a lot so I worked with Compass economist @JonahCoste on the model for the next few years.
Two illustrations: pic.twitter.com/FhSNMVrg8D
— Mike Simonsen 🐉 (@mikesimonsen) June 17, 2026
BOX OFFICE: Pixar’s #ToyStory5 opens with $160M (domestic). That is…
– The biggest opening of 2026
– The biggest opening for a Toy Story movie
– The 2nd biggest opening ever for an animated movie
– The 2nd biggest opening ever for Pixar behind The Incredibles 2, which has a new… pic.twitter.com/BERW8fWRJR— Erik Davis (@ErikDavis) June 21, 2026
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