Today’s Animal Spirits is brought to you by YCharts:
See here for YCharts Highlights, Lowlights, and insights from 1H 2022
On today’s show we discuss:
- Inflation isn’t getting better yet
- Inflation has outpaced wage growth
- The deflation risk
- How would investors react if we got some inflation (June 2020)
- Fed officials preparing to raise rates by another 75bps
- Average car payments hit a record high
- Investors have rarely been this pessimistic
- Wisdom Trees Dividend Monitor
- Marc Rubinstein on Klarna
- Why BNPL doesn’t affect your credit score
- Netflix has scale
- Hulu is carrying Disney
- Delta earnings
- Morgan Stanley earnings
- JP Morgan earnings
- Goldman Sachs earnings
- Wells Fargo earnings
- Citi Group earnings
- Millennials are responsible for inflation
- Three Arrows Capital situation
- Gemini layoffs
- Apple to slow hiring and spending in 2023
Future Proof Festival
Listen here:
Recommendations:
Charts:
Tweets:
HOW FINANCE IS HARD
Wheat is trading below where it was when the Ukraine war started.
Never fall for first order narratives.
{#FatTony made his fortune shorting oil after the First Gulf War.} pic.twitter.com/kvJbzcBwP0— Nassim Nicholas Taleb (@nntaleb) July 17, 2022
Consumer stress to the max … among staple areas for consumers, inflation is soaring at fastest rate in history (>30% y/y) pic.twitter.com/N6PBCQUUKD
— Liz Ann Sonders (@LizAnnSonders) July 14, 2022
"Prior to the current period, there wasn't a similar flattening of the 3m10y curve in a four-week span since the Financial Crisis. These types of moves in yield curves don’t happen often" – @bespokeinvest pic.twitter.com/hdKV17RftT
— Gunjan Banerji (@GunjanJS) July 18, 2022
In the last quarter, households withdrew $82BN in equity from their homes; the most in 15 years pic.twitter.com/S9zGekBrKF
— zerohedge (@zerohedge) July 2, 2022
*APPLE PLANS TO SLOW HIRING AND SPENDING FOR SOME TEAMS IN 2023
*APPLE SPENDING SLOWDOWN NOT COMPANYWIDE, WON'T AFFECT ALL TEAMS
Big scoop from @markgurman
— Tim Stenovec (@timsteno) July 18, 2022
this is why 10k value investors are retiring every single day (and becoming growth investors) pic.twitter.com/CxXfxtP7wS
— Ben Carlson (@awealthofcs) July 18, 2019
*KBW BANK INDEX RISES 5.8% FOR BIGGEST ONE-DAY GAIN IN 18 MONTHS
— zerohedge (@zerohedge) July 15, 2022
BofA daily loan and lease trends pic.twitter.com/MiFasQomUo
— zerohedge (@zerohedge) July 18, 2022
Contact us at animalspiritspod@gmail.com with any feedback, recommendations, or questions.
Follow us on Facebook, Instagram, and YouTube.
Check out our t-shirts, stickers, coffee mugs, and other swag here.
Subscribe here:
