Today’s Animal Spirits is brought to you by YCharts. Mention Animal Spirits to receive 20% off (*New YCharts users only)
On today’s show we discuss:
- Resist the urge to panic
- What happens to stocks after a big down month?
- Bill Gates on the Coronavirus
- Tourism and its effect on global GDP
- Mom and pop aren’t doing the selling
- Monetary heresy
- Credit Suisse Yearbook
- VC/PE investor survey
- Dow 40k
- Redditt’s profane, greedy traders
This is the fastest the S&P 500 has ever wiped out 4 months' worth of gains after hitting an all-time high, since 1928.
It's tied with September 12, 1986, which happened to rally more than 10% over the next 3 months FWIW. pic.twitter.com/rVl5R8EP2G
— SentimenTrader (@sentimentrader) February 27, 2020
— Athanasios Psarofagis (@tpsarofagis) March 3, 2020
Retail traders bought a record volume of put options to open last Friday. In other words, bears went ALL IN buying a record number of puts when VIX hit 50. Well done, bears. pic.twitter.com/CTT4ZPC3Qs
— Yuriy Matso (@yuriymatso) March 2, 2020
Keeping it in perspective pic.twitter.com/OOGtGsHYen
— RenMac: Renaissance Macro Research (@RenMacLLC) March 2, 2020
$VOO took in over $1b, while Vgrd as a whole took in over $3b, during the worst two-day decline in the mkt since 2008, with 57 of their ETFs have taking in cash in past week. Even by Vgrd standards that's some impressive, Navy Seals-level discipline.. https://t.co/zotnFHAvv7
— Eric Balchunas (@EricBalchunas) February 27, 2020
Look by sponsor for the week pic.twitter.com/UClWK1GFVi
— Athanasios Psarofagis (@tpsarofagis) February 28, 2020
— Jeremy Schwartz (@JeremyDSchwartz) February 26, 2020
Contact us at firstname.lastname@example.org with any feedback, recommendations, or questions.
Check out our t-shirts, stickers, coffee mugs, and other swag here.