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Animal Spirits: The Most Bullish Backdrop
Michael Batnick
October 02, 2024
Today's Animal Spirits is brought to you by YCharts and Fabric:
See here for more information on which asset classes perform the best as inflation drops
Go to meetfabric.com/spirits for more information on life insurance from Fabric by Gerber Life
The Compound Podcasts:
On today’s show, we discuss:
List: Ways to donate and help flood victims in Western North Carolina after Hurricane Helene
Zillow home listings to feature climate risk, insurance data
Florida Could Make Other States Pay for Its Insurance Crisis
Netflix Cancellations Spiked After Reed Hastings Donated to Kamala Harris
How a Supreme Court ruling killed off usury laws for credit card rates
Charts:
Tweets:
Elderly man purchased a signed Taylor Swift guitar for $4,000 at a live auction and immediately smashed it with a hammer.
— Pop Crave (@PopCrave)
5:46 PM • Sep 30, 2024
🚨 Meta CEO Mark Zuckerberg predicts smart glasses will replace phones by 2030
" Smart glasses are going to become the next major computing platform.
They will gradually replace phones by 2030, much like mobile devices surpassed computers without fully replacing them " x.com/i/web/status/1…
— Haider. (@slow_developer)
5:21 PM • Sep 29, 2024
Average Monthly Mortgage Payment for a New Buyer of a $500,000 House is Declining: (Chart from ECAN<GO>) *Fixed the legend labels x.com/i/web/status/1…
— Michael McDonough (@M_McDonough)
7:59 PM • Sep 24, 2024
$RDFN Redfin Reports Asking Rents for New Apartments Drop 6% to Lowest Level Since 2022, as Finished Buildings Soar - Asking rents dropped at the same time new apartment completions rose to the highest level in at least 12 years
— CtheLightTrading (@canuck2usa)
12:51 PM • Sep 26, 2024
Really good thread about the reality of the consumer vs the confidence surveys.
---Since markets want to move on these reports, a quick tl:dr about them.
The Conference Board (orange) released its consumer confidence results yesterday. The University of Michigan consumer… x.com/i/web/status/1…
— Jim Bianco (@biancoresearch)
2:31 PM • Sep 25, 2024
Good chart depicting Amazon's moat in logistics.
— Mostly Borrowed Ideas (@borrowed_ideas)
9:35 PM • Sep 21, 2024
S&P 500 sector performance doesn't have any pattern regardless what political party occupies the White House.
— Eric Soda (@EricSoda)
6:32 PM • Sep 25, 2024
Remember the "technical recession" (two quarters of negative G.D.P. growth) in early 2022? Turns out it never happened.
Annual revisions now show output grew slightly in Q2 2022, and that growth coming out of the pandemic was faster than previously believed.… x.com/i/web/status/1…— Ben Casselman (@bencasselman)
12:56 PM • Sep 26, 2024
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