Right this moment’s Animal Spirits is dropped at you by Masterworks:
See here to be taught extra about investing in up to date artwork and here for essential disclosures
See here for tropical gear, free transport, and sunglass straps on all orders (code ANIMAL20 for 20% off)
On in the present day’s present we talk about:
Hear right here:
Suggestions:
Charts:
Tweets:
“Listed below are years when $SPX was down (20%) or worse on the 9-month mark. Ex-2008, issues acquired higher between then and year-end.” – B of A desk pic.twitter.com/JwSxVEJqEE
— Carl Quintanilla (@carlquintanilla) October 3, 2022
* DRUCKENMILLER SAYS DOW WON’T BE MUCH HIGHER 10 YEARS FROM NOW@Reuters @CNBC #DeliveringAlpha
— Carl Quintanilla (@carlquintanilla) September 28, 2022
ETFs utilized by purchase and maintain traders have seen regular inflows as normal, even in Sept as ‘large lengthy’ advisors nonetheless unfazed. In the meantime, ETFs utilized by merchants seen internet zero flows for a number of months now, uncommon sample that’s consequence not of inactivity however ppl coming in then bailing. pic.twitter.com/rPwocMlRSD
— Eric Balchunas (@EricBalchunas) October 3, 2022
GOLDMAN: A weaker financial system “will drive households to proceed promoting shares. .. inflicting a shift in investor mindsets from TINA (‘There Is No Different’) to TARA (‘There Are Affordable Options’) ..
We anticipate households to promote $100 billion in equities in 2023.” [Kostin] pic.twitter.com/rzyULor37M— Carl Quintanilla (@carlquintanilla) October 3, 2022
$LQD posted its greatest one-day influx since March 2020 yesterday
LQD -1.5% this morning pic.twitter.com/OOIzCeUj85
— Katie Greifeld (@kgreifeld) September 29, 2022
The Sept Chicago PMI was 45.7 this AM. Badly lacking the consensus 51.8 and even under 49.5, the bottom of 24 estimates by way of Bloomberg.
Only one time has this measure been this low, and it was NOT a recession, Dec 2015.
The opposite 7 occasions, it has been 45.7 it was in a recession. pic.twitter.com/bfsUNKjWCw
— Jim Bianco biancoresearch.eth (@biancoresearch) September 30, 2022
FED’S MESTER: RECESSION WON’T STOP FED FROM RAISING RATES
— *Walter Bloomberg (@DeItaone) September 29, 2022
US TREASURY SECRETARY YELLEN: I DON’T SEE ANY ERRATIC FINANCIAL MARKET CONDITIONS.
— Breaking Market Information ⚡️ (@financialjuice) September 27, 2022
For a $2,500/month cost and 20% down, one can afford a $476K home in the present day. In early 2021, the determine was $759K — by way of @M_McDonough @LizAnnSonders @business pic.twitter.com/cfjKpSuXGL
— Scott Galloway (@profgalloway) September 29, 2022
“With 30-year mortgage charges approaching 7.0%, we estimate that 18mn fewer households now qualify for a mortgage to purchase a median-priced present dwelling in comparison with the top of 2021.” @OxfordEconomics pic.twitter.com/DryS0P8ehy
— Sam Ro 📈 (@SamRo) October 3, 2022
GM ends Q3 with 359,292 autos in supplier stock — “practically thrice the stock accessible” on the finish of Q3 2021, notes @knowledge_vital.
The dramatic leap displays “provide chain/manufacturing normalization. As provide chains normalize, so too will inflation.”$GM
— Carl Quintanilla (@carlquintanilla) October 3, 2022
42% of purchase now, pay later customers made late funds towards these loans, a survey finds. @sharon_epperson reviews. https://t.co/6uktJ8Te4g pic.twitter.com/BbQGacgejt
— CNBC (@CNBC) September 29, 2022
Unbelievable decline in transport charges … price to ship 40-ft container from Shanghai to Los Angeles has fallen by 74% from peak and is again to August 2020 ranges pic.twitter.com/GB40j4SatH
— Liz Ann Sonders (@LizAnnSonders) September 30, 2022
I am sufficiently old to recollect once we used to have shortages of every part pic.twitter.com/wwCw945btp
— Sam Ro 📈 (@SamRo) September 30, 2022
DOCUSIGN WILL CUT CURRENT WORKFORCE BY ABOUT 9%$DOCU
— *Walter Bloomberg (@DeItaone) September 28, 2022
Amazon Prime Video’s “The Lord of the Rings” growth #TheRingsofPower took the No. 1 place on Nielsen’s streaming rankings for the week of Aug. 29-Sept. 4, with 1.3 billion minutes seen.https://t.co/Te0Mlx0Ikx
— Selection (@Selection) September 29, 2022
Contact us at animalspiritspod@gmail.com with any suggestions, suggestions, or questions.
Observe us on Facebook, Instagram, and YouTube.
Take a look at our t-shirts, stickers, espresso mugs, and different swag here.
Subscribe right here:
