Today’s Animal Spirits is brought to you Masterworks.
For more information go to Masterworks.io/Animal to learn more
On today’s show we discuss:
- Bill Ackman wants higher rates
- Probably never had households better prepared for either higher inflation or high rates
- How to invest in iBonds
- Shiba Inu is the third most googled crypto in 2021, new study shows
- SquidGame coin investors get rugged
- People are retiring too early
- 20-year truck driver on this mess
- Too much demand is a good problem
- Used car index is out of control
- Refi trends
- People are moving to Michigan’s wine country
- Electric Vehicles
- Zillow got crushed in Phoenix
- Future Proof: use the code AnimalSpirits to get a ticket 50% off
- How to invest in PINK
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Transcript (Via Audiograph)
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As we have previously disclosed, we have put our money where our mouth is in hedging our exposure to an upward move in rates, as we believe that a rise in rates could negatively impact our long-only equity portfolio.
— Bill Ackman (@BillAckman) October 29, 2021
it didn't feel like it, but that was the S&P 500's best October performance in 6 yearshttps://t.co/GHqKCYuBc2 via @markets by @luwangnyc & @VildanaHajric pic.twitter.com/AnyWcJfYxF
— Katie Greifeld (@kgreifeld) November 1, 2021
I put $2K into a similar meme coin (AKITA) back in January. I ended up selling in 3 tranches, ended up netting $210K. If I had just held, it would have been worth $3.5MM at its peak. Can you believe this—the best trade of my life—makes me sick to think about?
— Legal Whisperer (@legal_whisperer) October 26, 2021
Fake regrets on fake money.
This guy (and 99.99% of you) would have sold way before the $2k got to $1B.
Still sucks, but the actual loss is a few hundred thousand to a few million, not a billion. https://t.co/w8AO4TPp6d
— Nick Maggiulli (@dollarsanddata) October 27, 2021
SHIBA INU HAS A LARGER MARKET CAP THAN DEUTSCHE BANK -CNBC $SHIB
— FXHedge (@Fxhedgers) October 27, 2021
This wallet bought roughly $8,000 of $SHIB last August.
It's now worth $5.7 billion.
From $8,000 to $5.7 billion in roughly 400 days.
We may actually be looking at the greatest individual trade of all time. pic.twitter.com/LtdgQ83bKP
— Morning Brew ☕️ (@MorningBrew) October 27, 2021
Good luck keep business school kids attention for “asset pricing theory” class, might as well just rip up the textbooks
— Leigh Drogen (@LDrogen) October 28, 2021
Heard that a large portion of students a top MBA aren’t interested in banking or consulting or even PE
It’s all startups and VC
This is, indubitably, the clearest sign that this is the top
— Amalgamated Bank of Grit (@GritGrowthCap) October 28, 2021
*Crypto Conglomerate Digital Currency Group Raises $700 Million in Investment Round at $10 Billion Valuation
*Digital Currency Group Investment Round Is Second-Largest in Crypto Sector
*Digital Currency Group Owns CoinDesk, Grayscale, Genesis
— *Walter Bloomberg (@DeItaone) November 1, 2021
$BITO is merely the first step on 5yr-ish journey that will lead to cheap, liquid total market crypto ETFs (poss even from Vanguard) that will hoover up billions in advisor assets (bc that's exactly what happened w every other asset class). New note from me and @JSeyff today.. pic.twitter.com/rUTdyskNkm
— Eric Balchunas (@EricBalchunas) October 26, 2021
Hey now! Wages and salaries grew by 1.5% OVER THE QUARTER in Q3!
— Nick Bunker (@nick_bunker) October 29, 2021
https://mobile.twitter.com/awealthofcs/status/851438898504978432?lang=de
With house prices up, more homeowners are tapping equity via cash out refinance. But much less so than in 2006
In 2006, refinance borrowers cashed out 22.4% of their property value when doing a cash out.
In 2021, only 13.8%, which is the lowest ratio in data going back to 1998 pic.twitter.com/5HtWVsQ5v7
— 📈 Len Kiefer 📊 (@lenkiefer) October 30, 2021
*ZILLOW SELLING 7,000 HOMES FOR $2.8 BILLION AFTER FLIPPING HALT
— *Walter Bloomberg (@DeItaone) November 1, 2021
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