On today’s show we discuss:
- A16Z on active trading
- 4 Types of Robinhood traders
- Great charts from Phil Huber
- Why people plan to die with money
- JPMorgan Guide to the Markets
- The average net worth of millennials
- The generational wealth gap
- Are institutional buyers pushing up home prices?
- This is not a housing bubble
- But some areas are definitely too hot
- This is the last time I mention title insurance
- Rental cars are spiking
- Retail trading has cooled off
- How Robinhood impacted the stock market
UNREAL: Mutual funds have seen $356b in outflows in March (thru 3/27 per ICI). It's hard to describe how wild that is so I'll just let the chart do the talking: pic.twitter.com/rsX6kbIpcx
— Eric Balchunas (@EricBalchunas) April 2, 2020
Stat of the day via @WSJ…
S&P 500 hit 4,000 today after first reaching 3,000 in July 2019. *Five* stocks (FAAMG) contributed 44% of this 1,000 point gain.
— Nate Geraci (@NateGeraci) April 2, 2021
BREAKING: The US added back 916,000 jobs in March, the strongest gain in 7 months as the economy picks up steam.
Official unemployment rate = 6% (down from 6.2% in Feb.)
**Overall the US has now gained back 13.7 million jobs – 62% — of the 22.2 million lost in the pandemic**
— Heather Long (@byHeatherLong) April 2, 2021
CoreLogic: House Prices up 9.2% Year-over-year in December https://t.co/YyM5k8ffE5
— Bill McBride (@calculatedrisk) February 2, 2021
Contact us at email@example.com with any feedback, recommendations, or questions.
Check out our t-shirts, stickers, coffee mugs, and other swag here.
(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. For additional advertisement disclaimers click here.)