Today’s Animal Spirits is brought to you by YCharts:
Enter your information here to get 20% off YCharts (new clients only)
On today’s show, we discuss:
- Why so bearish?
- The Exchange from the desk of Kelly Evans
- I spent two years revenge spending, it was hard to stop
- Bars, hotels and restaurants become the economy’s fastest-growing employers
- Net Interest on Goldman Sachs, Silvergate, Revolut, and Klarna
- The rise and fall of Silvergates crypto business
- The typical U.S. home changes hands every 12 years, down from 2020 peak
- Chart of the Week: House prices vs. rent
- Home is where retirement funding is
- How America soaks the affluent
- Average income by age plus median, top 1%, and all income percentiles
Trailing 20-day flows for $ARKK since its 2014 inception.
As of March 2, trailing 20-day flows were -$108 million. pic.twitter.com/b2JBULrcTf
— Ben Johnson, CFA (@MstarBenJohnson) March 3, 2023
Market's expectation of probability of 50bps rate hike at March Fed meeting has gone from 0% at beginning of February to 29% at beginning of March
@biancoresearch @CMEGroup pic.twitter.com/I7Y2AuUBXo
— Liz Ann Sonders (@LizAnnSonders) March 3, 2023
Mastercard CFO on the state of the consumer:
"We continue to see what is a remarkably resilient consumer…Our business model continues to be a nominal spend business model, which is the combination of real spending & inflation" pic.twitter.com/hdjPAkDrNP
— The Transcript (@TheTranscript_) February 28, 2023
China Feb Manufacturing PMI Rises To Highest Since April 2012
— LiveSquawk (@LiveSquawk) March 1, 2023
— FxMacro (@fxmacro) March 1, 2023
At Coinbase all client funds continue to be safe, accessible & available.
In light of recent developments & out of an abundance of caution, Coinbase is no longer accepting or initiating payments to or from Silvergate.
— Coinbase (@coinbase) March 2, 2023
Car payments have hit record highs:
Nearly 15% of drivers who financed a new vehicle toward the end of 2022 are paying $1,000+ a month.
— CarDealershipGuy (@GuyDealership) March 5, 2023
Followup On Pausing Alcohol
"Pour him out of here!" –Mae West
[This is a followup to the prior post “On Pausing Alcohol”.]
Why did I stop drinking? 1/3 watching the collapse of ~all the scientific studies[*] that claimed to prove health benefits of alcohol; 1/3 the… https://t.co/UVxuwpnCPW
— Marc Andreessen (@pmarca) March 2, 2023
MORGAN STANLEY: “In every new cycle we see new bubbles .. However, the hype around generative #AI may be justified and the technology feels genuinely exciting. .. We haven't had an app scaling at this pace in history.” #ChatGPT pic.twitter.com/OjFttinDqr
— Carl Quintanilla (@carlquintanilla) February 15, 2023
“.. despite $GOOGL’s stock trading down -17% (>$225B of market cap lost) over the past three weeks in the wake of $MSFT’s ‘assault’ on their search business, .. Google GAINED Search Engine Market Share in February ..”
— Carl Quintanilla (@carlquintanilla) March 1, 2023
Creed III is also the first sports movie ever to pass $100 million at the global box office in its opening weekend. pic.twitter.com/7Lfugxex9H
— Front Office Sports (@FOS) March 6, 2023
Contact us at email@example.com with any feedback, recommendations, or questions.
Check out our t-shirts, coffee mugs, and other swag here.
Wealthcast Media, an affiliate of Ritholtz Wealth Management, received compensation from the sponsor of this advertisement. 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.