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Animal Spirits: Your Budget Sucks
Michael Batnick
January 29, 2025
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The Compound Podcasts:
On today’s show, we discuss:
Why Oaktree's Howard Marks Is on the Watch for a Market Bubble
Hedge Fund Clients Pulled $7 Billion From Elite Money Manager Since 2021
Hedge funds have charged almost $2 trillion in fees since 1969, says LCH
Home Economics No. 1: Living in Brooklyn on $466k joint income
'World's first downside protected bitcoin ETF': Calamos unveils a safer way to play crypto
Charts:
Tweets:
Value's best day vs Growth since October 2008
$SPYV $SPYG— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi)
8:00 PM • Jan 27, 2025
Even with the S&P 500 losing nearly -1.5%, more than 300 of its stocks rose today.
Since the index became a 500-stock index in 1957, this had never happened before.
The only days with more than 250 advancers were:
• April 14, 1999
• April 19, 1999
• April 12, 2000— Jason Goepfert (@jasongoepfert)
9:00 PM • Jan 27, 2025
$NVDA - RETAIL INVESTORS BOUGHT RECORD $562.18 MLN NVIDIA STOCK DURING MONDAY'S DEEPSEEK-LED ROUT - VANDA RESEARCH
— *Walter Bloomberg (@DeItaone)
10:02 AM • Jan 28, 2025
The ETF S&Preakness started as a one-horse race in 1993.
Today, there are four in the field and the chase for market share is setting up for a photo finish among the top 3.
Source: @MorningstarInc Direct. Data as of Jan. 23, 2025.
— Ben Johnson, CFA (@MstarBenJohnson)
9:21 PM • Jan 24, 2025
So far this month, there were just 98 companies where at least one insider purchased the company's shares, vs. 447 at which at least one insider sold ... that buy-sell ratio (0.22) is on track to be the lowest on record (going back to 1988) per Washington Service
@business— Kevin Gordon (@KevRGordon)
1:05 PM • Jan 24, 2025
A dozen eggs +$4 YoY
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi)
11:03 AM • Jan 28, 2025
We need to rethink our listing process at @coinbase given there are ~1m tokens a week being created now, and growing. High quality problem to have, but evaluating each one by one is no longer feasible. And regulators need to understand that applying for approval for each one is… x.com/i/web/status/1…
— Brian Armstrong (@brian_armstrong)
1:42 AM • Jan 26, 2025
NEW: @TuttleCapital just filed for 10 different leveraged crypto asset ETFs. Including a bunch of memecoin products and assets that don't have ETPs yet.
— James Seyffart (@JSeyff)
8:58 PM • Jan 27, 2025
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