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Animal Spirits: Who Owns the Stock Market?
Michael Batnick
June 26, 2024
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On today’s show, we discuss:
US Stocks Beat Predictions Over the Past Decade. Can They Do It Again?
Bulgogi Tacos, Fire Pits and Tequila Bars: Concertgoers Shell Out for VIP Treatment
'I Live in Hell': Anti-Growth Fervor Grips US South After Pandemic Boom
Going South: Implications of Business and Population Migration
New US Home Construction Plunges to Slowest Pace Since June 2020
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What explains this?
— Eric Seufert (@eric_seufert)
11:28 PM • Jun 17, 2024
NVDA became the 12th company to be the largest in the SPX
— Howard Silverblatt (@hsilverb)
8:10 PM • Jun 18, 2024
If you joined Nvidia 5 years ago as a mid-level product manager with an annual $70K stock grant over 4 years, just that initial grant would be worth ~$10.6M today.
— Ben Lang (@benln)
2:56 PM • Jun 19, 2024
who owns the stock market
— Sam Ro 📈 (@SamRo)
4:48 PM • Jun 18, 2024
Existing Home Sales:
— Michael McDonough (@M_McDonough)
2:06 PM • Jun 21, 2024
I don't want to trigger anybody, but the OECD housing ranking of total affordability, size, and quality metrics has US at # 1. One can quibble about plenty, but this is not an unimportant fact. If your mental model has the US as an outlier the other way, it needs to be adjusted.
— Judge Glock (@judgeglock)
1:17 PM • Jun 19, 2024
Per latest JPM institutional weekly survey, there's virtually no risk appetite to deploy fresh capital into equities. Investors continue to show no love for stocks in 2024.
— Blake B. Millard, CFA (@BlakeMillardCFA)
8:05 PM • Jun 17, 2024
$VOO is a virtual lock to blow away the all time annual flow record, at $44.5b it is only $5b away and it's not even halftime. Also, 2.5x more cash than any other ETF this year (never seen this big a lead) and a mere $60b away from knocking off $SPY to become the new King.
— Eric Balchunas (@EricBalchunas)
12:16 PM • Jun 14, 2024
Americans spend, on average, 6.7% of their income on groceries, the lowest in the world
ourworldindata.org/grapher/food-e…
— Jeremy 'adjusted for inflation' Horpedahl 📈 (@jmhorp)
1:25 AM • Jun 20, 2024
HORIZON AN AMERICAN SAGA CHAPTER ONE has dropped to a $10M opening weekend, per new NRG tracking. That's down from $12M a couple weeks ago, despite an ad/promo blitz.
— Matthew Belloni (@MattBelloni)
4:18 PM • Jun 20, 2024
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