Bezos-Backed $20K EV Truck Unveiled & Shein and Temu Raising Prices?
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Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Kyle Heggie. Today, who's dumb money now? Retail investors buy the dip while hedge funds get queasy.
And how this Bezos-backed basic truck aims to disrupt the EV market. It's Monday, April 28th. Let's ride.
Good morning. Hope you all had a great weekend. It was an excellent weekend for a group of artists that were inducted into the Rock and Roll Hall of Fame as part of its class of 2025. You may have heard of these folks, Cyndi Lauper, OutKast, Soundgarden, and The White Stripes. And maybe next year's voting will be kinder to the acts that got passed over. Phish, Oasis, and Mariah Carey are among the artists who didn't make the final cut this year. Wow. The announcement was made on live TV last night by Ryan Seacrest during American Idol. American Idol is still going on. Apparently. Like, this blows my mind.
23. If you had to go on American Idol, what song are you singing, Neil?
Oh, my God. As if I haven't thought about this for the past quarter century, I would probably, I don't know. I'm going Complicated by Avril Lavigne.
That's my jam. That would work. You would get the ticket to Hollywood if they still do that. I think so. And now a word from our sponsor, Planet Oat. Neil, you ever try and convince your mom to switch up something about her routine?
Oh man, that is sacred ground. She's been starting her mornings the same way for decades. You gotta tread carefully.
Exactly, which is why I've got a script for you. You just say, Mom, I found this oat milk that's actually good. Like, really good, creamy, rich, and blends right into your coffee. Then you just hand her the mug? Oh yes, a nice psychological trick.
Don't make it some big thing, just let the taste do the talking. If she asks questions, and she will, just say no dairy, no soy, no gluten, but it's still got calcium, vitamins A and D, and somehow still tastes delicious. That's when she goes quiet.
Encourage her to take another sip. Maybe let her start reading the label. Boom. Next thing you know, it's in her fridge. Because Planet Oat is like that. No drama, just delicious. Mom knows best. They'll figure it out. Get your hands on the oat milk that has it all.
Visit PlanetOat.com for more. Retail investors have been frequently mocked as dumb money for letting emotions get the best of us and making ill-advised decisions when markets get bumpy. Well, maybe we're not so dumb after all, because over the past few weeks, as markets convulsed over tariffs, individual investors stayed the course, even while the suits headed for the exits. Take that, Ken Griffin. Okay, here's the evidence. Vanguard estimates that more than 97% of investors in its 401k retirement plans didn't make any trades through mid-April, showing that they didn't panic and sell everything as stocks plunged following Liberation Day tariffs. Many even bought the dip. On April 3rd, when markets plunged almost 5%, individual investors scooped up over $4.5 billion worth of stocks and ETFs, which was the strongest buying day on record, according to JP Morgan. Hedge funds, meanwhile, couldn't handle the stress. Hedge fund clients of Goldman Sachs sold more stocks on April 3rd and April 4th than any other two day period in the last 15 years.
Kyle, analysts say this marks a profound shift in the behavior of retail investors in just the past few years. Seems they're finally listening to investing legends like Warren Buffett, who preach patience and keeping a cool head, even if the market gets a little bonkers.
Literally, these retail investors sound exactly like Warren Buffett. Some of these quotes from this Yahoo article talking about it, quote, I see this as another 2020 buying opportunity for long-term potential. Another quote about even if it keeps going lower, buy more to lower your cost average. 10 years from now, it'll be higher, so the cheaper it gets, the happier I am. These are straight out of the Warren Buffett playbook. When stocks are low, view them as on sale. Buy a ton of great companies. Now, 60% of the inflows, according to JP Morgan, are to individual stocks, Tesla, Nvidia being two large ones. But 40% are going to ETFs. So it sounds like the retail investor, less COVID meme stock mania and more disciplined buy for the long term and hold strategy.
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