Animal Spirits Podcast
Episodes
Talk Your Book: Where Leverage Comes From
25 Sep 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 leverage is created within leve...
Americans Love Borrowing Money (EP.326)
20 Sep 2023
Contributed by Lukas
On episode 326 of Animal Spirits, Michael Batnick and Ben Carlson discuss: Future Proof, how markets have changed over the past 70 years, why allocati...
Talk Your Book: Customizing Alternatives
18 Sep 2023
Contributed by Lukas
On today's show, we are joined again by Brett Hillard, CIO of GLASfunds to discuss: wealth managers vs. institutions investing in alternatives, how ad...
Is Apple the Next IBM? (EP.325)
13 Sep 2023
Contributed by Lukas
On episode 325 of Animal Spirits, Michael Batnick and Ben Carlson are live at Future Proof! Duncan spills a Miami Vice and we discuss: what we actuall...
Talk Your Book: The Macro Case for Crypto
11 Sep 2023
Contributed by Lukas
On today's show, Michael and Ben are joined by Jack Neureuter, Senior Research Analyst at Fidelity Digital Assets, and Ramine Bigdeliazari, Director o...
Talk Your Book: Need to Have Cars With Car Dealership Guy
09 Sep 2023
Contributed by Lukas
On today's show, Michael and Ben are joined again by CarDealershipGuy to discuss: Ben's car leasing dilemma, leasing vs buying, why car prices have go...
The Market Cap of Taylor Swift (EP.324)
06 Sep 2023
Contributed by Lukas
On episode 324 of Animal Spirits, Michael Batnick and Ben Carlson discuss: one of the best years ever for the Nasdaq 100, people who want to see the f...
Are You on Track For Retirement? (EP.323)
30 Aug 2023
Contributed by Lukas
On episode 323 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the outlook for a 60/40 portfolio, dollar cost averaging into a bear market...
Talk Your Book: J.P. Morgan's Covered Call Strategies
28 Aug 2023
Contributed by Lukas
On today's show, Michael and Ben are joined by Hamilton Reiner, MD, PM, and Head of US Equity Derivatives at J.P. Morgan Asset Management to discuss: ...
Rates to the Hilt (EP.322)
23 Aug 2023
Contributed by Lukas
On episode 322 of Animal Spirits, Michael Batnick and Ben Carlson discuss: if bonds are more attractive than stocks right now, a lost decade for bonds...
Talk Your Book: Customizing Your Assets
21 Aug 2023
Contributed by Lukas
On today's show, Michael and Ben are joined by Matt Radgowski, CEO of Halo Investing to discuss: customizing your assets, utilizing structured notes a...
How Much is Happiness Worth? (EP.321)
16 Aug 2023
Contributed by Lukas
On episode 321 of Animal Spirits, Michael Batnick and Ben Carlson discuss: Ben's trip to NYC, stock market vs. bond market valuations, the 4% inflatio...
Talk Your Book: Large Cap Alpha
14 Aug 2023
Contributed by Lukas
On today's show, Michael and Ben are joined by Francisco Bido, Senior Portfolio Manager for the Integrated Alpha group of F/m Investments to discuss: ...
Do Valuations Matter? (EP.320)
09 Aug 2023
Contributed by Lukas
On episode 320 of Animal Spirits, Michael Batnick and Ben Carlson discuss: bull market corrections, why valuations don't matter all that much, why peo...
Talk Your Book: Compounding with Concentrated Portfolios
07 Aug 2023
Contributed by Lukas
On today's show, Michael and Ben are joined by John Neff, Partner and Portfolio Manager of AKRE Capital Management to discuss: the AI investing craze,...
Everything is Up This Year (EP.319)
02 Aug 2023
Contributed by Lukas
On episode 319 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the biggest behavioral bias in investing, the number of IPOs that survive, ...
Talk Your Book: 100% Downside Protection
31 Jul 2023
Contributed by Lukas
On today's show, Michael and Ben are joined by Bruce Bond, Founder and CEO of Innovator ETFs to discuss: how 100% downside protection works, what upsi...
The Wealth Paradox (EP.318)
26 Jul 2023
Contributed by Lukas
On episode 318 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the 2 types of bear markets, why everyone was wrong but the stock market wa...
Talk Your Book: Future Proof Festival
24 Jul 2023
Contributed by Lukas
On today's show, Michael and Ben are joined by Matt Middleton, CEO and Co-Founder of Advisor Circle to discuss: how Advisor Circle was started, why co...
Recession Not Required (EP.317)
19 Jul 2023
Contributed by Lukas
On episode 317 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the stock market vs. the Fed's balance sheet, why expectations matter more ...
Talk Your Book: The Impact of a Bitcoin ETF
17 Jul 2023
Contributed by Lukas
On today's show, we are joined again by Jack Neureuter, Research Analyst at Fidelity Digital Assets to discuss: knock-on affects of a spot Bitcoin ETF...
Is Twitter Dead? (EP.316)
12 Jul 2023
Contributed by Lukas
On episode 316 of Animal Spirits, Michael Batnick and Ben Carlson discuss: when to get bullish on the long run, how to use sell side stock research, w...
Is the Housing Correction Over? (EP.315)
05 Jul 2023
Contributed by Lukas
On episode 315 of Animal Spirits, Michael Batnick and Ben Carlson discuss the stock market fighting the Fed, the power of index fund flows, the most t...
Talk Your Book: Optimizing Your Credit Card Points
03 Jul 2023
Contributed by Lukas
On today's show, we are joined by Chris Hutchins, Host of All The Hacks Podcast to discuss: credit card point devaluation, the best cards to optimize ...
Why Crypto Needs BlackRock (EP.314)
28 Jun 2023
Contributed by Lukas
On episode 314 of Animal Spirits, Michael Batnick and Ben Carlson discuss why the bond market isn't always the smart money, some more good news on th...
Talk Your Book: Advisor Best Practices
26 Jun 2023
Contributed by Lukas
On today's show, Michael and Ben are joined by Chris Shuba, founder and CEO of Helios to discuss: ETFs vs. direct indexing, why differentiation matter...
Why Housing Prices Are So Expensive (EP.313)
21 Jun 2023
Contributed by Lukas
On episode 313 of Animal Spirits, Michael Batnick and Ben Carlson discuss investor behavior in a bull market, how boomers fell in love with stocks, h...
Talk Your Book: Internet Stocks with Income
19 Jun 2023
Contributed by Lukas
On today's show, Michael and Ben are joined by Jonathan Shelon, COO of KraneShares to discuss internet growth in China, how to get exposure to China, ...
Are Stocks Cheap? (EP.312)
14 Jun 2023
Contributed by Lukas
On today's show Michael and Ben discuss the greatest company in history, why the bear market is over, why this might not be a new bull market, why the...
Talk Your Book: The Electrification of America
12 Jun 2023
Contributed by Lukas
On today's show, Michael and Ben are joined by Timothy Kramer, Founder and CEO of CNIC Funds to discuss investing in electricity, how CNIC Funds work,...
Is the Bear Market Over? (EP.311)
07 Jun 2023
Contributed by Lukas
On today's show Michael and Ben discuss the beginning of a new bull market, increased concentration in the stock market, the worst housing market ever...
Talk Your Book: Investing in Treasuries During a Debt Crisis
05 Jun 2023
Contributed by Lukas
On today's show, we spoke with Alex Morris, Founder and CIO of F/m Investments on how Treasury ETFs work, why the 1mo is yielding so much, how governm...
Something Has to Break (EP.310)
31 May 2023
Contributed by Lukas
On today's show, Michael Batnick and Ben Carlson discuss Ben's guiding philosophy on life and markets, why people buy and sell stocks at the wrong tim...
Talk Your Book: Upside and Downside Customization For Your Portfolio
29 May 2023
Contributed by Lukas
On today's show, we are joined by Jason Barsema, Co-Founder and President of Halo Investing to discuss how structured notes are made, counterparty ris...
Tech Stocks Are Back (EP.309)
24 May 2023
Contributed by Lukas
On today's show, Michael Batnick and Ben Carlson discuss the now-available Animal Spirits x Tropical Bros shirts, a great year for stocks (so far), Ja...
Talk Your Book: Streamlining Alternative Investments
22 May 2023
Contributed by Lukas
On today's show, we are joined by Brett Hillard, CIO of GLASfunds to discuss advisor pain points when investing in alts, the fund manager due diligenc...
Living a Rich Life with Ramit Sethi
20 May 2023
Contributed by Lukas
On today's episode of Animals Spirits: Talk Your Book we are joined by Ramit Sethi to talk about his new Netflix Show, How to Get Rich. Find complete ...
The Only Game in Town (EP.308)
17 May 2023
Contributed by Lukas
On today's show we discuss debt ceiling drama, the best long-term investment, money market funds, catching a falling knife, 24 hour trading, why worke...
Talk Your Book: Fidelity Digital Assets Mailbag
15 May 2023
Contributed by Lukas
On today's show, we are joined by Jack Neureuter, Research Analyst at Fidelity Digital Assets to discuss what drives the price of Bitcoin, where to st...
Business Optimism Crashes (EP.307)
10 May 2023
Contributed by Lukas
On today's show we discuss regional bank failures, confidence in the Fed, international diversification, the V-shaped recovery in the labor market, vi...
Bear Market Lessons (EP.306)
03 May 2023
Contributed by Lukas
On today's show, we discuss never shorting junk food, a purgatory market, why spending isn't slowing down, our first mortgage rates, the First Republi...
Talk Your Book: CLOs – The Providers of Leverage
01 May 2023
Contributed by Lukas
On today's show, we are joined by Thomas Majewski, Managing Partner of Eagle Point Credit Management to discuss what a CLO is, differences between a C...
Millennials Will Buy All the Stocks (EP.305)
26 Apr 2023
Contributed by Lukas
On today's show we discuss what happens to stocks after a bad year, why foreign stocks are outperforming, why any recession should be mild, how millen...
Talk Your Book: Diversify Your Diversifiers
24 Apr 2023
Contributed by Lukas
On today's show, we are joined by Paul Kim, CEO and Co-Founder of Simplify ETFs to discuss how rising yields affect alternative strategies, Simplify's...
The Crockpot Recession (EP.304)
19 Apr 2023
Contributed by Lukas
On today's show we discuss why the bond market is so confused, why consumers are so confused, why Vanguard continues to dominate, why inflation is fi...
Talk Your Book: Hidden Pricing Power
17 Apr 2023
Contributed by Lukas
On today's show, we are joined by Haruki Toyama, Portfolio Manager and Head of Mid-Cap and Large-Cap Equity at Madison Investments to discuss finding ...
The Year of Disappointment (EP.303)
12 Apr 2023
Contributed by Lukas
On today's show, we discuss corrections during election years, rich boomers, how great AirBNB is, more issues at Twitter, Successions last season, and...
Talk Your Book: Defining the Downside
10 Apr 2023
Contributed by Lukas
On today's show, we are joined again by Bruce Bond to discuss Innovators latest fixed-income focused barrier ETFs, how rate volatility affects ETF yie...
The 3 Levels of Wealth (EP.302)
05 Apr 2023
Contributed by Lukas
On today's show we discuss why investors are always looking to catch a falling knife, a reversal in the markets since last year, why European stocks a...
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...