Tyler Crowe

But it was pretty clear that they might have missed with this EV push, with it still being an uncertain product on the market.

But at the same time, if you look at a lot of other luxury brands out there,

LVMH, Louis Vuitton, Moet Hennessy, Hermès.

I call Restoration Hardware, it's not quite that level of luxury, but similar sentiment.

None of them are really doing too hot over the past couple of years.

Part of me is wondering, is this really a Ferrari story or people pulling back on luxury discretionary goods?

I once saw a used Ferrari for $19,000 in a used car lot, but I'm pretty sure it had a Honda Civic engine in it.

I don't know if that would still count as a Ferrari.

Thanks for that, guys!

Coming up next, we're talking about meme stocks.

Back in 2021, Roundhill Investments really captured the investing zeitgeist with a meme stock ETF.

SPACs were booming.

The Wall Street Bets Reddit page was sending stocks up double digits in a matter of minutes.

There was a sense of euphoria around how the pandemic was going to turn all of our lives digital.

Everything was different.

By 2023, this ETF, under the ticker MEME, actually closed up shop because a lot of those companies didn't quite make it.

But to use social media parlance from, it's so over, we're so back, we are so back because Roundhill announced yesterday that it is relaunching the meme stock ETF with a whole new set of holdings.

Now, I wish we had video for this podcast because I would like to take that iconic lineup from the usual suspects and just put the tickers over their faces.

If we look at the Roundhill meme ETF,

under the same ticker again, M-E-M-E, that last period during 2021-2022, it was certainly the top in terms of market euphoria in a particular set of companies.