On today’s Animal Spirits, we discuss:
Robinhood goes after banks with 3% checking and savings accounts…
Student loans are twice as much as all outstanding credit card debt
Are You Ready for the Financial Crisis of 2019?
People are waking up ridiculously early
U.S.-BASED STOCK FUNDS POST $46 BLN OUTFLOWS IN WEEK ENDED WEDNESDAY; LARGEST WITHDRAWALS ON RECORD DATING TO 1992 -LIPPER via @TRHunnicutt
— Jennifer Ablan (@jennablan) December 13, 2018
Lipper reporting $46b equity MF + ETF outflow in the past week, which is huge, but at least half of this is seasonal end of year stuff. Last 6 yrs:
— Urban Carmel (@ukarlewitz) December 14, 2018
The largest equity fund outflow of the year almost always occurs in mid-December. Even so, this week's outflow of 0.44% of total equity fund assets is the largest in 15 years.
The previous record was 0.39% in mid-August 2011.
— SentimenTrader (@sentimentrader) December 14, 2018
Market valuations via @business pic.twitter.com/Eyj1bnEKwI
— Bluegrass Capital (@BluegrassCap) December 13, 2018