As we speak’s Animal Spirits is delivered to you by YCharts:
See right here to get 20% off your preliminary YCharts subscription for brand spanking new clients.
See right here to register for the Future Proof Retreat in March!
On at the moment’s present, we talk about:
Pay attention right here:
Suggestions:
Charts:
Tweets:
The S&P 500 closed at an all-time excessive.
The Russell 2000 remains to be in a bear market*, down greater than 20% from its excessive.
That is by no means occurred earlier than. pic.twitter.com/ZB5vUAhHMe
— Jason Goepfert (@jasongoepfert) January 19, 2024
THE STOCK MARKET IS NOT THE ECONOMY
Chart of the 12 months to date… the MSCI China Index is about to go NEGATIVE since its 1992 inception
The Chinese language economic system is ~13x bigger and an funding in it has gotten you an identical return as if you happen to put your money beneath your mattress pic.twitter.com/4yqeYQRTRp
— Jake (@EconomPic) January 19, 2024
In all probability no higher chart as an example the truth that variations in GDP progress don’t have anything to do with variations in fairness returns.
From ’03 China’s nominal GDP up 1000%, Japan’s up 12%. pic.twitter.com/UTYfBeL5fD
— Bob Elliott (@BobEUnlimited) January 21, 2024
By one measure, borrowing prices for S&P 500 corporations are hovering across the lowest ranges in **48 years** –Goldman pic.twitter.com/yTegeaZ4kg
— Gunjan Banerji (@GunjanJS) January 20, 2024
The Spot Bitcoin ETFs began on January 11, when the worth was $49,021, 10 minutes after ETF buying and selling started. Two weeks later, the “promote the information” correction is now 21% and never but exhibiting indicators of bottoming.
This will not sound like a lot to skilled Degens, however to normies… pic.twitter.com/vFLPhb2sal
— Jim Bianco (@biancoresearch) January 23, 2024
LATEST: The Nice GBTC Gouge hit document -$640m on Monday, the 9 did their greatest to offset however fell quick w/ a $553m haul. ROLLING NET FLOWS nonetheless wholesome at +$1b however ongoing battle. The 9 now have a 20% share vs GBTC. Quantity additionally stays very excessive for brand spanking new launches in 2nd wk pic.twitter.com/ng0BU8mi6L
— Eric Balchunas (@EricBalchunas) January 23, 2024
Digital asset funding merchandise noticed a near-record $1.18bn in inflows final week.@CoinSharesCo pic.twitter.com/CVGHJ0bvh6
— Each day Chartbook (@dailychartbook) January 18, 2024
BlackRock’s $IBIT is the primary US spot Bitcoin ETF to cross the $1 billion influx threshold w/ yesterday’s $371m
Constancy’s $FBTC in second place w/ $881 million total pic.twitter.com/6svFXnHcGR
— Katie Greifeld (@kgreifeld) January 18, 2024
Faces melted. pic.twitter.com/eqvksuOTiw
— NFTstats.eth (@punk9059) January 18, 2024
BofA Small Enterprise Checkpoint
In fine condition and dealing with hurdles pic.twitter.com/f4870grExY— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) January 21, 2024
The Democrat / Republican hole within the view of the present economic system is the widest in historical past https://t.co/7RkLCVO5Is pic.twitter.com/M6W4qwPZgH
— Jake (@EconomPic) January 19, 2024
Each time a publication folds the general public and the workers have some story to inform about its mismanagement, and the way if they’d simply x they might have survived, however the development is inescapable and so they’re all doomed. pic.twitter.com/RH3sKVe5GO
— Ryan Moulton (@moultano) January 21, 2024
Contact us at animalspirits@thecompoundnews.com with any suggestions, suggestions, or questions.
Observe us on Fb, Instagram, and YouTube.
Take a look at our t-shirts, espresso mugs, and different swag right here.
Subscribe right here:
Nothing on this weblog constitutes funding recommendation, efficiency knowledge or any suggestion that any explicit safety, portfolio of securities, transaction or funding technique is appropriate for any particular individual. Any point out of a selected safety and associated efficiency knowledge is just not a suggestion to purchase or promote that safety. Any opinions expressed herein don’t represent or indicate endorsement, sponsorship, or suggestion by Ritholtz Wealth Administration or its staff.
Wealthcast Media, an affiliate of Ritholtz Wealth Administration, obtained compensation from the sponsor of this commercial. Inclusion of such commercials doesn’t represent or indicate endorsement, sponsorship or suggestion thereof, or any affiliation therewith, by the Content material Creator or by Ritholtz Wealth Administration or any of its staff. Investing in speculative securities entails the chance of loss. Nothing on this web site must be construed as, and will not be utilized in reference to, a suggestion to promote, or a solicitation of a suggestion to purchase or maintain, an curiosity in any safety or funding product.
This content material, which accommodates security-related opinions and/or info, is offered for informational functions solely and shouldn’t be relied upon in any method as skilled recommendation, or an endorsement of any practices, services or products. There may be no ensures or assurances that the views expressed right here will likely be relevant for any explicit info or circumstances, and shouldn’t be relied upon in any method. It’s best to seek the advice of your individual advisers as to authorized, enterprise, tax, and different associated issues regarding any funding.
The commentary on this “put up” (together with any associated weblog, podcasts, movies, and social media) displays the non-public opinions, viewpoints, and analyses of the Ritholtz Wealth Administration staff offering such feedback, and shouldn’t be regarded the views of Ritholtz Wealth Administration LLC. or its respective associates or as an outline of advisory companies offered by Ritholtz Wealth Administration or efficiency returns of any Ritholtz Wealth Administration Investments consumer.
References to any securities or digital belongings, or efficiency knowledge, are for illustrative functions solely and don’t represent an funding suggestion or provide to supply funding advisory companies. Charts and graphs offered inside are for informational functions solely and shouldn’t be relied upon when making any funding determination. Previous efficiency is just not indicative of future outcomes. The content material speaks solely as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these supplies are topic to vary with out discover and should differ or be opposite to opinions expressed by others.
Wealthcast Media, an affiliate of Ritholtz Wealth Administration, receives cost from numerous entities for commercials in affiliated podcasts, blogs and emails. Inclusion of such commercials doesn’t represent or indicate endorsement, sponsorship or suggestion thereof, or any affiliation therewith, by the Content material Creator or by Ritholtz Wealth Administration or any of its staff. Investments in securities contain the chance of loss. For extra commercial disclaimers see right here: https://www.ritholtzwealth.com/advertising-disclaimers
Please see disclosures right here.
