Animal Spirits Podcast

Talk Your Book: No Bank Runs in Commercial Real Estate

03 Apr 2023

Contributed by Lukas

On today's show, we spoke with Tom Miller, CEO and CIO of USQ to discuss real estate in Manhattan, the hottest sectors of commercial real estate, offi...

Talk Your Book: Car Dealership Guy

01 Apr 2023

Contributed by Lukas

On today's show, we are joined by CarDealershipGuy to discuss buying a car in 2023, buying v leasing, the downfall of Carvana, the electric car market...

The Worst Chart in Finance (EP.301)

29 Mar 2023

Contributed by Lukas

On today's show we discuss why investing is so hard, the time between all-time highs in a bear market, why the Fed is in such a tough spot, ramificati...

Talk Your Book: Startups in a Crisis

27 Mar 2023

Contributed by Lukas

On today's show, we are joined by Brandon Arvanaghi, Founder and CEO of Meow, and Devon Drew, the CEO and CIO of DFD Partners to discuss tools for bu...

The Lender of Last Resort (EP.300)

22 Mar 2023

Contributed by Lukas

On today's show we discuss the latest from the banking crisis, the market's reaction to bank runs, what the Fed should do next, why service inflation ...

Talk Your Book: How to Buy Treasuries

20 Mar 2023

Contributed by Lukas

On today's show, we are joined by Alex Morris, Co-Founder and CIO of F/m Investments and the US Benchmark Series to discuss yield volatility, why it's...

The Panic of 2023 (EP.299)

15 Mar 2023

Contributed by Lukas

On today's show we discuss Silicon Valley Bank, the psychology of bank runs, how the Fed broke stuff, FDIC insurance, why the banking industry is fore...

Talk Your Book: The Carrying Cost of Crazy

13 Mar 2023

Contributed by Lukas

On today's show, we are joined by Dr. David Kelly, Chief Global Strategist and Head of the Global Market Insights Strategy Team for J.P. Morgan Asset ...

How Much Do You Need to Make to be Rich? (EP.298)

08 Mar 2023

Contributed by Lukas

On today's show, we discuss reaction to Powells testimony, richsession in chart form, Silvergate drama, Michaels humble brags, Karen-Batnick, and muc...

Talk Your Book: A Bull Market in Tickers

06 Mar 2023

Contributed by Lukas

On today's show, we are joined by Ed Egilinsky, Managing Director and Head of Alternatives at Direxion to discuss how to use leveraged ETFs, the cost ...

Talk Your Book: Lifetime Income

04 Mar 2023

Contributed by Lukas

On today's show, we are joined by David Blanchett, Managing Director and Head of Retirement Research at Prudential to discuss how advisors should thin...

Are Bonds Competition For Stocks (EP.297)

01 Mar 2023

Contributed by Lukas

On today's show we discuss Michael's trip to Disney, the economy is too hot to not go into a recession, why inflation remains elevated, the junk stock...

Talk Your Book: The "Tech Heavy" Nasdaq

27 Feb 2023

Contributed by Lukas

On today's show, we are live from the Exchange ETF conference in Miami with Phil Mackintosh, Chief Economist and Senior Vice President at Nasdaq to di...

Talk Your Book: Investing in Quality Growth

20 Feb 2023

Contributed by Lukas

On today's show, we are joined by Kevin Walkush, Portfolio Manager at Jensen Investment Management to discuss how return on equity works, dealing with...

When Money Becomes a Liability (EP.296)

15 Feb 2023

Contributed by Lukas

On today's show, we discuss if inflation is behind us, the AI bubble, popular strategies during a bear market, Fleishman in real life, parking spaces,...

Talk Your Book: Bitcoin Doesn't Know It's Price

13 Feb 2023

Contributed by Lukas

On today's show, we are joined by Jack Neureuter, Research Analyst at Fidelity Digital Assets to discuss a sentiment check with Bitcoin, use cases, a ...

Ready to Pop (EP.295)

08 Feb 2023

Contributed by Lukas

On today's show we discuss the psychology behind big gains and losses, why retail traders are buying again, entertainment vs. advice with Jim Cramer, ...

Talk Your Book: The Prophet of Capital Preservation

06 Feb 2023

Contributed by Lukas

On today’s show, we had Darren Schuringa, CEO and Founder of ASYMmetric ETFs on to discuss market volatility, how leverage works within leveraged ET...

Benjamin Graham Disciple (EP.294)

01 Feb 2023

Contributed by Lukas

On today's show we discuss the stock and bond market rallies in 2023, why certain investors are so pessimistic all the time, housing market activity b...

Talk Your Book: The Long and Short of Commodities

30 Jan 2023

Contributed by Lukas

On today's show, we are joined by Sal Gilbertie, CEO of Teucrium to give us an update on Oil & Gas, how supply chains are looking in 2023, Teucriums l...

Is the Stock Market Getting Ahead of Itself? (EP.293)

25 Jan 2023

Contributed by Lukas

On today's show we discuss why the narrative changes for the economy on a weekly basis, the snapback rally in the stock market, trouble in the car mar...

Talk Your Book: The Biggest Short Squeeze of All Time

23 Jan 2023

Contributed by Lukas

On today's show, we are joined by Luke Oliver, Managing Director, Head of Climate Investments, and Head of Strategy at Kraneshares to discuss the bigg...

Is a Soft Landing Inflationary? (EP.292)

18 Jan 2023

Contributed by Lukas

On today's show we discuss why people still invest in stocks even when bond rates are high, international stocks are on a tear, the 60/40 argument tha...

Talk Your Book: Investing in Fallen Angels

16 Jan 2023

Contributed by Lukas

On today's show, we are joined by Fran Rodilosso, Head of Fixed Income ETF Portfolio Management at VanEck to discuss rising stars vs fallen angels, ho...

What's the negative catalyst? (EP.291)

11 Jan 2023

Contributed by Lukas

On today’s show we discuss Michael becoming famous for a Bezos prediction, the case for no recession in 2023, the bullish case for stocks, the beari...

Talk Your Book: What Makes an Index Fund Work

09 Jan 2023

Contributed by Lukas

On today's show, we are joined by Rodney Comegys, Head of Vanguards Equity Investment Group to discuss how indexing works, what makes Vanguard so spec...

10 Predictions For 2023 (EP.290)

04 Jan 2023

Contributed by Lukas

On today's show we discuss the terrible no good year that was 2022 for financial markets, some thoughts on what might happen in 2023, the 4 factors th...

[CORRECTION] The Tesla Crash (EP.289)

28 Dec 2022

Contributed by Lukas

On this week's show we discuss the kid premium around the holidays, the most surprising things that happened in 2022, some thoughts on stocks vs. the ...

Talk Your Book: The Rise of Thematic Investing

26 Dec 2022

Contributed by Lukas

On today's show, we are joined by Pavel Vaynshtok, Managing Director, Global Head of Strategy Indices at S&P Dow Jones Indices to discuss the history ...

Buy the Dip is Dead (EP.288)

21 Dec 2022

Contributed by Lukas

On today's show we talk about why the stock market is getting crushed this month, what one year's returns mean for the next year, why retail investors...

Talk Your Book: The Opposite of ESG

19 Dec 2022

Contributed by Lukas

On today's show, we are joined by Mark Neuman, Founder and CIO of Constrained Capital to discuss companies orphaned by ESG, how capital is actually ge...

Peak Inflation (EP.287)

14 Dec 2022

Contributed by Lukas

On today's show we discuss inflation rolling over, the possibility of a soft landing, Santa Claus rallies, SPF getting arrested, what a housing market...

Talk Your Book: Insourced CIO

12 Dec 2022

Contributed by Lukas

On today's show, we are joined by Joe Mallen, CIO of Helios to discuss what he's hearing from advisors in this environment, insourced vs outsourced CI...

A Bear Market in Housing (EP.286)

07 Dec 2022

Contributed by Lukas

On today's show we discuss continued strength in the labor market, sticky high inflation, why the market isn't listening to the Fed anymore, the case ...

Talk Your Book: An Update on Private Markets

05 Dec 2022

Contributed by Lukas

On today's show, we are joined by Bob Long, CEO of StepStone Private Wealth to discuss timing private markets, how valuations have held up in private ...

Getting Rich Quick (EP.285)

30 Nov 2022

Contributed by Lukas

On today's show we discuss the round trip in oil prices, why predicting the future is so difficult, how we define a bubble, why interest rates didn't ...

Talk Your Book: The Buy-Write Strategy 

28 Nov 2022

Contributed by Lukas

On today's show, we are joined by Ray Di Bernardo, VP and Portfolio Manager of Madison Investments to discuss writing call options, buying growth at a...

A Confusing Year (EP.284)

23 Nov 2022

Contributed by Lukas

On today's show we discuss the impact of interest rates on business formation, the opposite of stagflation, why there was no spillover from the crypto...

The Crypto Blow-Up (EP.283)

16 Nov 2022

Contributed by Lukas

On today's show we discuss inflation is finally falling, will the stock market wait for the Fed's all-clear, the FTX saga, how SBF fooled everyone, wh...

Talk Your Book: Checking in on Buffered ETFs

14 Nov 2022

Contributed by Lukas

On today's show, we have Bruce Bond, CEO of Innovator ETFs give us an update on the buffered ETFs, how buffers and caps behave during high-volatility ...

No Soft Landing (EP.282)

09 Nov 2022

Contributed by Lukas

On today's episode we discuss the Fed sending us into a recession, our only chance for a soft landing, why predicting inflation is so difficult, why t...

A Housing Recession (EP.281)

02 Nov 2022

Contributed by Lukas

On today's show we discuss why most people don't care about the bear market, the relationship between wages and inflation, why we won't see a repeat o...

Talk Your Book: Doubling Down on Crypto

31 Oct 2022

Contributed by Lukas

Ben and Michael are joined by Jack Neureuter, Fidelity Digital Assets Research Analyst, and Ramine Bigdeliazari, Director of Product for Fidelity Digi...

Bear Market Math (EP.280)

26 Oct 2022

Contributed by Lukas

On today's show we discuss the slowing housing market, taking Animal Spirits on the road, why consumers keep spending money, how the stock market move...

Why Isn't Inflation Falling? (EP.279)

19 Oct 2022

Contributed by Lukas

On today's show we discuss the trouble with nailing the bottom in a bear market, why money continues flowing into ARK, why the VIX isn't higher, stick...

A Tough Break (EP.278)

12 Oct 2022

Contributed by Lukas

On today's show we discuss a late-night trip to the ER for a broken leg, good news is bad news in the labor market, the last time the Fed sent us into...

Talk Your Book: Investing in Private Credit 

10 Oct 2022

Contributed by Lukas

On today's show, we speak with Michael Reisner, Co-CEO of CION Investments about investing in private credit in this environment, how CION can be publ...

Long-Term Bullish (EP.277)

05 Oct 2022

Contributed by Lukas

On this week's show we discuss why we're getting more excited about stock prices as they fall, why expected returns are rising, where investors will m...

Talk Your Book: Investing in Science Fiction

03 Oct 2022

Contributed by Lukas

On today's show, we are joined by Kevin Kelly, CEO and Founder of Kelly Intelligence to discuss what CRISPR technology is, use cases, and investing in...

Powell Wants You to Lose Your Job (EP.276)

28 Sep 2022

Contributed by Lukas

On today's show we discuss is the Fed making a huge mistake, why it's so difficult to predict the economy, why it's so easy to be bearish right now, b...

Talk Your Book: I Need To Do Some Hedging Trades

26 Sep 2022

Contributed by Lukas

On today's show, we spoke with Eric Metz, President and CIO of SpiderRock Advisors about tax-loss harvesting, replicating exchange funds, and de-conce...

Is a Recession Bullish? (EP.275)

21 Sep 2022

Contributed by Lukas

On today's episode we recap our experience at Future Proof, interest rates vs. inflation for the stock market, a blow-off top in short-term rates, wha...

Talk Your Book: Portfolio Premortem

19 Sep 2022

Contributed by Lukas

On today's show, we spoke to Fabric Risk Co-Founder, Rick Bookstaber about identifying risks for advisors, lifestyle characteristics and risks, the MS...

Live From Future Proof (EP.274)

14 Sep 2022

Contributed by Lukas

On today's show, we discuss the worst first 8 months ever, the illiquidity premium, Q2 earnings, The Robinhood Investor Index, and much more!   Fin...

Talk Your Book: Single Stock ETFs

12 Sep 2022

Contributed by Lukas

On today's show, we had David Mazza, Head of Product at Direxion to talk about the use cases and risks of investing in single stock, leveraged, and in...

Talk Your Book: Fixing Fixed Income

09 Sep 2022

Contributed by Lukas

On today's Talk Your Book, we spoke to Russell Feldman from IMTC on innovating the fixed income investment process, differences between trading stocks...

The Super Bubble (EP.273)

07 Sep 2022

Contributed by Lukas

On today's show we discuss Jeremy Grantham's super bubble call, how "don't fight the Fed" has evolved, why all opinions are extreme today, how the bot...

Talk Your Book: Interest Rates and Volatility

05 Sep 2022

Contributed by Lukas

On today's show, we spoke with Jason Barsema about the ins and outs of structured notes, how downside protection works, when it makes sense to use str...

Why So Bearish? (EP.272)

31 Aug 2022

Contributed by Lukas

On today's who we discuss the pros and cons of student loan forgiveness, why the Fed has the ability to talk tough about inflation (for now), the diff...

Talk Your Book: Investing in China

29 Aug 2022

Contributed by Lukas

On today's show, we spoke with Brendan Ahern to give us an update on China, Chinese stock listing issues, investing in China's largest companies, and ...

Price Drives Narrative (EP.271)

24 Aug 2022

Contributed by Lukas

On this week's show we discuss the ever-changing narratives in the stock market and economy, iron-clad rules of investing, why markets are so confusi...

The Animal Spirits Indicator (EP.270)

17 Aug 2022

Contributed by Lukas

On this week’s show, we discuss Ben’s trip to Long Island, some good news on inflation, Disney’s sky-high inflation, confusing signals in the ec...

Soft Landing (EP.269)

10 Aug 2022

Contributed by Lukas

On this weeks show we discuss the stock market's ability to predict a recession, the hot labor market, wages vs. inflation, the prospect for a soft la...

Talk Your Book: Choose Your Own Investments

08 Aug 2022

Contributed by Lukas

On today's Talk Your Book we spoke with Composer founder Ben Rollert about creating your own automated investment strategies.   Find complete shown...

Invest in What You Know (EP.268)

03 Aug 2022

Contributed by Lukas

On today's show we discuss the recession debate, why the economy is so confusing right now, calling a stock market bottom (or not), the tech stock com...

Listener Mailbag

01 Aug 2022

Contributed by Lukas

On today's show we answer questions straight from the listeners with some help from Rocket Dollar's Henry Yoshida.   Find complete shownotes on our...

Looking Back at the Crypto Meltdown

30 Jul 2022

Contributed by Lukas

On today's show, we get an update on crypto from Meow CEO Brandon Arvanaghi and take a look at what happened with the recent crypto meltdowns.   Fi...

Redefining a Recession (EP.267)

27 Jul 2022

Contributed by Lukas

On today's show we discuss why the middle class is getting squeezed, why it's so hard to define what a recession is, boring stocks are outperforming, ...

Extreme Cost Cutting (EP.266)

20 Jul 2022

Contributed by Lukas

On today's show we discuss peaking inflation, confused banks, whys stocks are the best inflation hedge, and much more.   Find complete shownotes on...

Volatility Hits Main Street (EP.265)

13 Jul 2022

Contributed by Lukas

On today's show we discuss stocks for the long run, Elon's Twitter debacle, the labor market vs. inflation, the number of cycles we've experienced sin...

Talk Your Book: The State of Commodities

11 Jul 2022

Contributed by Lukas

On today's Talk Your Book, we spoke with Sal Gilbertie from Teucrium about the state of agricultural commodities. Find complete shownotes on our blo...

Talk Your Book: The State of Venture Capital

09 Jul 2022

Contributed by Lukas

On today's show, we discuss similarities between the late 90s and today, how tough it is to get VC exposure, current market dynamics within the privat...

The Pandemic Broke the Economy (EP.264)

06 Jul 2022

Contributed by Lukas

On today's show we talk about why the first 6 months of the year were one of the worst ever for financial markets, why it's so difficult to gauge the ...

Talk Your Book: The Bull Market in Stupidity

04 Jul 2022

Contributed by Lukas

On today's Talk Your Book, we spoke with Michael Grant from Calamos Investments about the Fed, the economy and managing a long/short fund in this envi...

Are We Sure a Recession is Coming? (EP.263)

29 Jun 2022

Contributed by Lukas

On today's show we discuss stock market return expectations, the sell-off in commodities, the back and forth on recession predictions, fighting the la...

Talk Your Book: Expanding Access to Private Markets

27 Jun 2022

Contributed by Lukas

On today's Talk Your Book, we spoke with Bob Long of Conversus about giving financial advisors access to investments in private markets.   Find com...

Peak Pessimism (EP.262)

22 Jun 2022

Contributed by Lukas

On today's show we discuss how wild and crazy the past 3 years have been in the markets, why the Fed is in such a precarious position, the number of s...

The Fed is Being Punished (EP.261)

15 Jun 2022

Contributed by Lukas

On this week's show we discuss the current market sentiment, the official bear market in U.S. stocks, why the Fed is making a mistake, the insane move...

Talk Your Book: High Quality Growth Stocks

13 Jun 2022

Contributed by Lukas

On today's show we spoke with Allen Bond from Jensen Investment Management about finding high quality growth stocks and investing during a bear market...

Good News is Bad News (EP.260)

08 Jun 2022

Contributed by Lukas

On today's show we discuss why everyone thinks we're already in a recession, living paycheck to paycheck on $250k a year, why crypto makes more sense ...

Talk Your Book: Hedging the Different Types of Inflation

06 Jun 2022

Contributed by Lukas

On today's Talk Your Book, we spoke with Don Casturo from Quantix Commodities and Kristof Gleich from Harbor Capital to discuss how to hedge inflation...

The Round Trip (EP.259)

01 Jun 2022

Contributed by Lukas

On today's show we discuss what the narrative would be if we went back to new highs, why high oil prices are so worrisome, why the housing market is m...

The most obvious recession ever (EP.258)

25 May 2022

Contributed by Lukas

On today's show we discuss, the big housing miss, inventory build-ups, private market slowdown, and much more.   Find complete shownotes on our blogs...

Animal Spirits: Listener Mailbag

23 May 2022

Contributed by Lukas

On today’s show we answer questions from the listeners on Roth IRAs, HELOCs, budgeting for home improvements and more with some help from Henry Yosh...

Obvious Signs of the Top (EP.257)

18 May 2022

Contributed by Lukas

On today's show we discuss why markets are so confusing right now, the different kinds of recessions, inflation expectations, how to survive a bear ma...

Talk Your Book: Investing in the Carbon Transformation

16 May 2022

Contributed by Lukas

On today's Talk Your Book, we spoke with Roger Mortimer from KraneShares about the coming global transformation in carbon investing.   Find complet...

Talk Your Book: Locking in Higher Yields on Your Portfolio

14 May 2022

Contributed by Lukas

On today's Talk Your Book, we spoke with Jason Barsema from Halo Investing about structured products and defined outcome investing.   Find complete...

The End of V-Shaped Recoveries (EP.256)

11 May 2022

Contributed by Lukas

On today's Animal Spirits we discuss the growth stock crash getting worse, the speed of market declines, building wealth slowly, how long bear markets...

Is this a bear market? (EP.255)

04 May 2022

Contributed by Lukas

On today's show, we discuss the stock and bond markets both falling, the new 60/40 portfolio, the case for buying a house right now, the greatest stoc...

Talk Your Book: Rethinking the 4% Rule

02 May 2022

Contributed by Lukas

On today's Talk Your Book we spoke with David Lau and Wade Pfau about spending down your assets in retirement and why it's one of the hardest concepts...

Elon Buys Twitter (EP.254)

27 Apr 2022

Contributed by Lukas

On today's show we discuss what Elon Musk can do with Twitter, bonds & stocks falling together, growth stocks keep getting killed, inflation vs. mortg...

Talk Your Book: Investing in Human Capital

25 Apr 2022

Contributed by Lukas

On today's Talk Your Book we talk with Dan Ariely and Kristof Gleich about investing in human capital and corporate culture.   Find complete showno...

A Recession is Coming (EP.253)

20 Apr 2022

Contributed by Lukas

On today's show we discuss taking Twitter private, why tech billionaires are so unhappy, why no one is positioned for a commodities supercycle, the be...

The Fed is Making a Mistake (EP.252)

13 Apr 2022

Contributed by Lukas

On today's show we discuss the crazy move higher in interest rates, the wealth effect in stocks, recessions vs. inflation, wage growth for lower incom...

Talk Your Book: The Financial Advisor's Cheat Code

11 Apr 2022

Contributed by Lukas

On today's Talk Your Book we spoke with Josh Smith from VRGL about how his company is making it easier for financial advisors to bring in new business...

Long Global, Short USA (EP.251)

06 Apr 2022

Contributed by Lukas

On today's show we discuss Elon Musk's new position in Twitter, Tiger Global, the scalding hot labor market, frugality is not always the way, the Anim...

Talk Your Book: Investing in mRNA

04 Apr 2022

Contributed by Lukas

On today's Talk Your Book, we talked with Dave Mazza from Direxion about investing in mRNA technology.   Find complete shownotes on our blogs... ...

Tighten Until Something Breaks (EP.250)

30 Mar 2022

Contributed by Lukas

On today's show we discuss inflation vs. the stock market, bonds getting killed, the crazy housing market, betting on the Oscars, why Twitter was buil...

Talk Your Book: Protecting the Downside

28 Mar 2022

Contributed by Lukas

On today's Talk Your Book we had Bruce Bond from Innovator ETFs back on the show to discuss how advisors are using managed and buffered ETFs to protec...

NFTs

26 Mar 2022

Contributed by Lukas

On today's show we speak with Audiograph's Quinn Stearns about start-ups, founding a company, creating communities for podcasts and why we made Animal...