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You are at:Home » Animal Spirits: Do Valuations Matter?
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Animal Spirits: Do Valuations Matter?

adminBy adminAugust 9, 2023No Comments3 Mins Read
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Posted August 9, 2023 by sean

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

YCharts Launches New Partnership with United Planners ...

Submit your email here to receive 20% off a YCharts subscription for new clients

On today’s show, we discuss:

Tropical Bros Shirts:

  • See here for Animal Spirits x Tropical Bros shirts and here for more info on No Kid Hungry

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“The 2m return spread between [Hedge Fund] VIP stocks and Most Shorted stocks has reached some of the worst levels in the last five years.”

– Goldman Sachs pic.twitter.com/s0uFkP3qNG

— Daily Chartbook (@dailychartbook) August 7, 2023

The average American credit card balance is at a record $7,300.

Meanwhile, the median household has just $5,300 in savings.

Delinquency rates are up 6 straight quarters, on track for the longest streak since 2008.

We are “fighting” inflation with credit cards.

(a thread)

1/7

— The Kobeissi Letter (@KobeissiLetter) August 1, 2023

There’s absolutely no sign of any surge in sellers.
📍61-62k new single family listings each week
📍No panicky investors, no distressed homeowners
📍A year ago is when this trend started

At some point sellers will return to the market and we’ll see it in this data. Right?!

2/7 pic.twitter.com/YfK1k6RgZM

— Mike Simonsen 🐉 (@mikesimonsen) August 7, 2023

Census today says +2.1 million new households formed over the last year.

Ignoring 2020-2021, this is the highest rate of household formations since early 2019.

All signs point to strong demand for homes this year. Remarkable given the direction of rents & mortgage payments. pic.twitter.com/OAoCvjXPuD

— Eric Finnigan (@EricFinnigan) August 2, 2023

Toyota Sequoia prices have gone parabolic 📈

Up by *20%* to $80,128 from $66,894 in 2022.

Here’s the craziest part: Consumers DGAF.

The Sequoia saw more sales growth in Q2 than *any other* Toyota out there.

We deserve an asteroid.

(Data via Cox Auto) pic.twitter.com/h6PWTI7lXo

— CarDealershipGuy (@GuyDealership) August 2, 2023

Fascinating chart showing % of residents paying over $1,000/month for their cars.

Fun fact: More than 1 in 5 shoppers in Texas and Wyoming committed to a monthly payment over $1,000/mth in Q2 (driven by purchases of large trucks) pic.twitter.com/gyWtVWmn5C

— CarDealershipGuy (@GuyDealership) August 5, 2023

Contact us at animalspiritspod@gmail.com with any feedback, recommendations, or questions.

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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.





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