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Animal Spirits: Living Paycheck-to-Paycheck
Michael Batnick
July 03, 2024
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On today’s show, we discuss:
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Chicago Art Gallery movies: Presumed Innocent, Dark Matter, The Break-Up
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Watch credit spreads.
The spread between the weakest and strongest investment-grade credits bottomed nearly two months ago. Credit concerns are rising even as stocks hit record highs.
This is unusual and was last seen in late 2021.
— Jason Goepfert (@jasongoepfert)
12:27 PM • Jun 28, 2024
Surprising fact that shouldn’t surprise us: families matter! Since 1980, employed workers' family incomes have risen 46%. Both men and women have benefited from our shifting labor market
— Ben Glasner (@BenGlasner)
1:10 PM • Jun 25, 2024
82% (!) of the American population is headed on vacation this summer and 42% (!!) are going on multiple trips
— Kyla Scanlon (@kylascan)
1:46 PM • Jul 1, 2024
There is a Wells Fargo analyst who ordered the same burrito bowl 75 times at eight different Chipotles in NYC to prove the portion size inconsistency $CMG
— Dividend Hero (@HeroDividend)
9:18 PM • Jun 27, 2024
Consumers feel pretty bad about business conditions over the next 6 months (worst since September 2011), but they feel pretty great about the stock market going up per @Conferenceboard Consumer Confidence Index
— Kevin Gordon (@KevRGordon)
3:07 PM • Jun 25, 2024
After my mortgage payment, 401k/529/IRA contributions, my annual 6 week vacation to Europe, private school for the kids, 2nd home in the Hamptons, a handful of angel investments and country club membership I basically live paycheck-to-paycheck
This economy is the worst
— Ben Carlson (@awealthofcs)
2:33 PM • Jun 25, 2024
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