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On today’s Animal Spirits we discuss:
The gap is closing between active and index
Can unemployment signal a recession
Some more unemployment numbers
J.P. Morgan’s Guide to the Markets
Do women hedge fund managers outperform?
High earners living paycheck to paycheck
Listen here:
Recommendations
The Wealthy Barber
The Coddling of the American Mind
Impossible to Ignore
Charts mentioned





Tweets mentioned
Multi-factor ETFs… 2 beat $SPY in 2018 $OMFL $GSLC… together these ETFs took in $2.6 billion pic.twitter.com/q5Ig9PT2DF
— Tom Psarofagis (@tpsarofagis) January 7, 2019
U.S. employers added 312k jobs in December, and the unemployment rate rose to 3.9%. If the economy is slowing, it's not yet affecting the (headline) jobs data.https://t.co/zcbAYojhdP
— Ben Casselman (@bencasselman) January 4, 2019
The awesome @mdc wrote this article based on my paper — thanks Mary! I thought I'd add a few more details about our findings. 1) A TINY 4.6% of funds in our sample have a female manager (439 of 9520 funds) 2) Of these, 244 are female only, 195 have at least 1 female manager. 1/x https://t.co/iVYei0tNwo
— Nicole Boyson (@nikir1) January 2, 2019