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Animal Spirits: Everyone in the Pool
Michael Batnick
November 20, 2024
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Charts:
Tweets:
Massive bubble with this much growth? Stop it.
— Barry Schwartz (@BarrySchwartzBW)
2:39 PM • Nov 17, 2024
$NVDL (2x Nvidia ETF) is now bigger than $ARKK h/t @Todd_Sohn
— Eric Balchunas (@EricBalchunas)
8:49 PM • Nov 11, 2024
Nvidia's total value, $3.65 trillion, is within a trillion dollars of the total value of Japan's Nikkei 225 Index, which itself is valued at $4.65tn. This is no small feat, as Japan is the second-largest stock market in the MSCI All Country World Index (ACWI).
— Jeff Weniger (@JeffWeniger)
9:46 PM • Nov 11, 2024
BofA: Median checking and savings deposit balances have declined over the past year for all income cohorts, but still remain above inflation-adjusted 2019 levels
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi)
11:42 AM • Nov 12, 2024
Bitcoin ETFs have crossed $90b in assets, after yesterday's $6b jump ($1b in flows $5b in mkt appreciation).. they now 72% of the way to passing gold ETFs in assets.
— Eric Balchunas (@EricBalchunas)
2:43 PM • Nov 12, 2024
JUGGERNAUT: $IBIT has hit the $40b asset mark (a mere two wks after hitting $30b) in a record 211 days, annihilating prev record of 1,253 days held by $IEMG. It's now in Top 1% of all ETFs by assets and at 10mo old it is bigger than all 2,800 ETFs launched in the past TEN years.
— Eric Balchunas (@EricBalchunas)
12:37 PM • Nov 13, 2024
THE BENDS: Ethereum ETFs have made a quick and sudden rise from the deep dark depths of cumulative outflows following the Election, finally into fresh air and net inflows. What a chart.. @JSeyff
— Eric Balchunas (@EricBalchunas)
12:49 PM • Nov 18, 2024
$IBIT vs $QQQ ... huge move higher in the last month.
Bitcoin no longer moving like the Qs
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi)
10:17 PM • Nov 15, 2024
#BITCOIN ETF OPTIONS TRADING WILL START TUESDAY
Options trading will begin on Tuesday on the $42 billion iShares Bitcoin Trust $IBIT, the largest of the Bitcoin exchange-traded funds, a Nasdaq spokesperson confirmed to Barron’s late Monday. The move offers a new way to trade,… x.com/i/web/status/1…
— *Walter Bloomberg (@DeItaone)
12:31 PM • Nov 19, 2024
Scott Bessent is eminently more qualified than Howard Lutnick to run the U.S. Treasury. Scott understands markets, economics, people, and geopolitics better than anyone I’ve ever interacted with. Markets have already anticipated a Bessent choice. Lutnick is not Trump’s answer.
— 🇺🇸 Kyle Bass 🇹🇼 (@Jkylebass)
2:49 PM • Nov 13, 2024
Vuori raises $825 Mn at $5.5 Bn valuation. Earlier round was at $4 Bn in 2021.
— Mostly Borrowed Ideas (@borrowed_ideas)
11:01 PM • Nov 9, 2024
This commenter wrote a sarcastic summary of my video without watching it. Just one problem -- there's nothing wrong with buying luxury goods or raising your expenses or buying an expensive car!
Too many people in the personal finance community genuinely believe that spending… x.com/i/web/status/1…
— Ramit Sethi (@ramit)
2:29 PM • Nov 17, 2024
Floyd Mayweather was in the top four most-watched fights this century — until this past weekend’s showdown on Netflix. 🥊
— Boardroom (@boardroom)
10:20 PM • Nov 18, 2024
Best case scenario, either X or Bluesky just up and dies
Worst case, they're both good for breaking news and I have to monitor both
Most likely case, I have to stay on X and it's a bit worse because the smart people who don't have to be here choose to migrate
— Joe Light (@joelight)
3:52 PM • Nov 18, 2024
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