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On today’s show we discuss:
- The most actively traded ETF
- Stocks as an inflation hedge is the new narrative
- Recession v. non-recession insights
- Consumer wealth via Sam Ro
- Bonds are getting killed
- 37.9% of the adult US population has a bachelor’s degree or higher
- When the optimists are too pessimistic
- A record number of US homebuyers are looking to relocate
- The housing market and the role of the Federal Reserve
- What the bond route is telling us
- Instacart valuation
- Nearly half of Millenials live paycheck to paycheck according to Bloomberg
Animal Spirits NFTs:
- Animal Spirits Community NFT
- Reach out to Audiograph for support on Twitter or Discord
Listen here:
Transcript here:
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The carnage in the bond market continues …
If today was the end of the month, March would be the worst total return month in over 42 years. pic.twitter.com/jT0NKIx3cd
— Jim Bianco biancoresearch.eth (@biancoresearch) March 26, 2022
More wheat stats.
My personal favorite Misleading Wheat Stat is "Ukraine/Russia grow 25% of world wheat exports."
Why's it misleading? It's technically true, but doesn't mean what people think!
Missing wheat from the war is actually less than 1% of global wheat crop!
— Dr Sarah Taber (@SarahTaber_bww) March 26, 2022
Though interest rates are rising, most American households have already locked in a fixed mortgage payment.
In 2005, 2 out of 5 mortgages had adjustable rates, less than 1 out of 100 recently pic.twitter.com/HUEqeyBsmK
— 📈 Len Kiefer 📊 (@lenkiefer) March 27, 2022
Everyone's talking mortgage rates, but buyers still buying as of this week. Home prices at a new record high.
Median price of single family homes in the US hit $400,000 this week. (Normal for this time of year)
Latest data and video via @AltosResearch
📽️🧵👇1/6 pic.twitter.com/TUWI4SERnA
— Mike Simonsen 🐉 (@mikesimonsen) March 28, 2022
Spicy take… at some point in the next few years there will be the idea that an existing mortgage can be moved to a new underlying property because mobility will be so bad (i.e. nobody with a 2.5%-3% mortgage is moving otherwise unless forced to).
— Jake (@EconomPic) March 27, 2022
How long before housing activity slows? The recent spike in #mortgage rates means #housing affordability will get worse in the months ahead. pic.twitter.com/Y0aCLOFSGZ
— Kathy Jones (@KathyJones) March 22, 2022
Comparing the median sale price to house-buying power in all top 50 markets reveals that 4 markets are considered "overvalued". "Overvalued" is defined by a market where the median sale price > house-buying power. Most markets still "undervalued." pic.twitter.com/HTY7XyD2vs
— Odeta Kushi (@odetakushi) March 24, 2022
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