The Bloomberg Aggregate Bond Index was created by Lehman Brothers in the early-1980s to offer investors a benchmark for the investment grade taxable bond market.1 The index is made up of mostly Treasuries, corporates, mortgage-back securities and asset-back securities covering more than 10,000 fixed income securities in total. The Agg is now the benchmark most...
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On today's Talk Your Book we speak with Mike Laughlin from Janus Henderson about the mechanics of autocallable and stability notes, how these options generate income, the risks and trade-offs of structured income ETFs and more.
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Why public market investors don't need private market stocks.
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On today's show we discuss the interconnected hyperscalers, AI's risk to the economy, the chart of the year, Nvidia's valuation, Meta's personal assisstant, $186 trillion in household wealth, 10 year return projections, the case for owning bonds, why the Fed raised rates, Bitcoin's comeback, fixing the housing crisis is harder than it sounds, the best movie of the 1980s and more.
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On today's Talk Your Book we speak with Bill Mann from Motley Fool Asset Management about investing in the momentum factor, the Noah Principle, AI's impact on herd behavior, how this cycle ends and more.
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What the panic of 1873 can teach us about the economic risks of today.
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On today's show we discuss AI human extinction fears, the biggest AI risks, why things go viral, why the stock market is so confusing right now, how to think about bearish hedge fund managers, why bonds offer a good deal right now, Fed rate hikes, government debt fears and more live from Future Proof in Huntington Beach, CA.
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Rising rates, higher inflation and falling PE ratios.
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On today's Animal Spirits Talk Your Book we speak to Christian Munafo from VanEck about AI IPOs, the trouble facing unicorn late stage growth companies, the liquidity problem for private market investors, secondary transactions, where to find value in today's market and more.
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Pros and cons of tax-aware long/short strategies.
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My favorite research papers on trend-following and momentum.
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On today's show we discuss how bull market gains have changed the markets, AI is crowding everything else out, when the next financial crisis will hit, Ray Dalio keeps scaring investors, the earnings boom, a buying opportunity for bonds, the American Dream is still alive and well, is college worth the cost, why AI isn't impacting the labor market, the most important financial asset for retirees, theme parties and more.
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Were millennials doomed to be period of lower stock market returns?
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On today's Talk Your Book we speak with Alger's Dan Chung on investing in concentrated portfolios, what it's like picking stocks during a boom, sorting through the winners & losers in AI, Meta vs. Google and more.
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On today's show we discuss the AI debt binge, no recessions for the rest of the 2020s, Kevin Warsh thoughts on the economy, the dead cat bounce in software stocks, bull market M&A deals, no once cares about dividends anymore, rising yields are a good thing, AI civilizations, Gen Z will be buying houses, Tom Cruise remakes and more.
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Some questions about AI, housing, tech stocks, valuations, movies and more.
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On today's Talk Your Book we speak with Brandon Clark from Federated Hermes about generating income in your portfolio, using options inside of ETFs for higher income potential, the impact of taxes on fixed income products and much more.
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10 of the most important stock market charts of all-time.
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On today's show we discuss the Treasury bond buybacks, Stanley Druckenmiller's op-ed, the real government debt risk, the most hated asset class in the world, why Bitcoin woke up, the end of the Go-Go years, finance bros are having a moment, private market fraud, the high cost of housing and transportation, Jean-Claude Van Damme and more.
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On today's Talk Your Book we speak with Matt Radgowski from Halo about the structured notes space, how AI is improving reporting capabilities, how advisors use structured notes in client portfolios, the impact of defined outcome ETFs and much more.
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On today's show we discuss one of the greatest bull markets of all-time, falling valuations, why young people gamble, financial nihilism, the next recession, $3 trillion in money markets, when bond yields compete with stocks, debating AI outcomes, NHL ETFS, renting vs. buying, rich sports owners in trouble, breaking even at the blackjack table and more.
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The present is not easy. But the past was a lot harder in terms of getting ahead.
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On today's Talk Your Book we speak with Steve Schoffstall from Sprott ETFs about investing in critical materials, how technology shapes commodity demand, how to invest in the future and much more.
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On today's show we discuss new all-time highs in the stock market, AI is the only thing that matters, emerging markets are cheap, 1987 crash calls, things rich people and poor people have in common, day trading is hard, how often you should check your portfolio, early retirement, housing market recessions and much more.
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On today's show we speak with John Lewis from Nasdaq Dorsey Wright about how the momentum factor works, why it works, how to implement it correctly and where the diversification benefits can help.
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All the things you had to survive to make it to new all-time highs in the stock market.
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Obsession is one of the best movies of the decade. It’s also one of the best stories in recent film history. Writer-director Curry Barker is 26 years old. The budget for the movie was just $750k. It’s made almost $500 million in worldwide box office. I love that fact that a low-budget indie flick can...
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Why you shouldn't use leverage when investing, even if you're young.
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On today's show we discuss a crazy month in the stock market, Situational Awareness, leverage always gets you, the semiconductor crash, 60/40 will never die, the behavior gap lives, One Wish Willow for the economy, a theory about the Fed, the economy is still booming, apathy for Bitcoin, the biggest movie weekend ever and much more.
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On today's show we discuss a good sign for the bull market, semiconductor stocks crashing, why valuations keep falling, everyone is bearish about bonds, South Korea traders, how big SpaceX could get, why people keep spending money, Netflix is still dominating streaming, why there aren't more IMAX theaters and more.
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On today's Talk Your Book we speak with Grayscale's Krista Lynch we discuss the current sentiment surrounding crypto, Hyperliquid, building out the crypto infrastructure, what happened to Ethereum, stablecoins and more.
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Today’s Animal Spirits is brought to you by YCharts and Vanguard: This episode is sponsored by YCharts. To learn more and get 20% off your initial YCharts Professional subscription to take Y for a spin (new customers only), visit https://go.ycharts.com/animal-spirits This episode is sponsored by Vanguard. To learn more about Vanguard bonds, visit https://vanguard.com/audio On...
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On today's Talk Your Book we speak with Alona Gornick from Churchill from Nuveen about credit market cycles, an update on private credit, investing in the middle market and more.
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Why the best and worst days cluster in the stock market.
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On today's show we discuss hyperscalers vs. semiconductors, 10 reasons to be bearish, Nvidia is cheap, analysts are good at forecasting earnings, why small caps are booming, investors still chase performance, why the stock market is more important now, the AI doomers are wrong (for now), bond yields are higher, what makes you rich, Dave Matthews Band and more.
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On today's Talk Your Book we speak with Alex Morris from F/m Investments about the Fed, what the bond market is telling us, the debasement trade, Kevin Warsh and more.
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On today's show we discuss why the vibecession is over, experience vs. expertise, reasons to be bullish, reasons to be bearish, small caps on are fire, market concentration, Samsung's ridiculous profits, retail investors are moving markets, owning the biggest stock, it's expensive to live in San Francisco, the gambling boom, why car payments are rising and more.
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Sometimes the stock market goes down but most of the time it goes up.
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On today's Talk Your Book we speak with Invesco's Paul Schroeder about the Nasdaq 100, index methodology, tech fundamentals, fast entry timelines for IPOs and more.
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On today's show we discuss all-time highs in margin debt, the small cap rally, the hyperscaler dilemma, why Micron is up so much, everything is outperforming the Mag 7, concentration is normal, no signs of a recession, rich people everywhere, the pizza bear market and more.
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On today's Talk Your Book, we speak with Ryan Issakainen fro, First Trust about investing in the buildout of a new power grid, AI bottlenecks, data centers, thematic ETFs and more.
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Some thoughts on lump sum investing, diversification, retirement needs and risk.
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On today's show we discuss why diversification is working again, how AI is creating more winners and losers in the stock market, why the Mag 7 is underperforming, the triple-digit club, why investors are holding more cash, rich people who complain too much, what makes America great, AI is disrupting self help books, the World Cup and more.
The post Animal Spirits: Everything is Outperforming the S&P 500 This Year app...
On today's Talk Your Book we speak with Dr. Ankur Crawford from Alger about what everyone is getting wrong about the AI trade, why this technology is different, letting the market tell you if you're wrong or right and how to manage a concentrated portfolio of stocks.
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How a once-in-a-lifetime housing market is still impacting the economy.
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On today's show we discuss the desire to call an AI top, the SpaceX IPO frenzy, taking profits, why value is beating growth, why EM is beating the US, the markets were right about the war, agentic trading, 3% mortgages vs. 4% inflation, the politics of AI, the Rule of 55, a Knicks title for Michael and more.
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A look at market history through the lens of Wall Street comics.
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On today's Talk Your Book we speak with Eric Fine from VanEck about how emerging markets have changed, geopolitical risk, currencies, AI and more.
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Why bull markets make you feel smarter and bear markets make you feel dumber.
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Two things happening at once with investing and wealth.
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On today's show we discuss NBA Finals ticket prices, AI's lack of impact on the labor market, one day of carnage in the stock market, prices drive the narrative, the Mag 7 is underperforming, tech is eating the stock market, the SpaceX IPO, the first $1 trillion ETF, the retail trading boom, the crypto winter, sticker shock on new car prices and more.
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On today's Talk Your Book we speak with Danielle Singer and Ben Linder from Invesco about investing in private markets, portfolio construction, illiquidity and more.
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On today's show we discuss peak FOMO, chip stocks going nuclear, 1990s stock market flashbacks, trillion dollar IPOs, the AI trade is global, the bear case, a tale of two bull markets, bad luck in the real estate industry, South Korea's boom, movies are back and much more.
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