Today’s Animal Spirits is sponsored by Masterworks:
Go to Masterworks.io/animal to learn more about investing in contemporary art. And check out our most recent interview with Masterworks CEO Scott Lynn here.
On today’s show we discuss:
- Elon Musk takes a 9.2% stake in Twitter
- Tiger Global down 34%
- Using the yield curve to time the market (2019)
- US corporations have the best year since 1950
- Layoffs are at record lows
- Nebraska unemployment
- The strategy a janitor used to build an $8M portfolio
- Why rich people aren’t happy
- How banks react to rising interest rates
- Housing market slowing?
- Can home prices and interest rates soar at the same time?
- Housing bubble vs now
- Building a community
- Trading on Robinhood 24/7
- Robinhood will stay open late
- Another trucking issue on the way
Animal Spirits NFTs:
- Animal Spirits Community NFT
- Reach out to Audiograph for support on Twitter or Discord
- A-Shifty-Runner NFT
Listen here:
Transcript here:
Recommendations:
- Bruce Willis is retiring
- Ben Stiller on the Fly on the Wall Podcast
- Pachinko
- Atlanta
- No Country For Old Men
- Ozark
- The Girl With The Dragon Tattoo
Charts:
Tweets:
1Q22 is in books with wide spread between performance of Russell 1000 (LC) Value (-1%) and Russell 2000 (SC) Growth (-13%) pic.twitter.com/mGEvprRVPX
— Liz Ann Sonders (@LizAnnSonders) April 1, 2022
A shocking data point that explains much of Biden’s political troubles. More people think jobs have been lost over the last year (37%) than those who think they’ve been gained (28%). Unemployment is at 3.6%. https://t.co/xwRNSeAqFs
— Sam Stein (@samstein) April 3, 2022
The rate of wage growth among the lowest-wage workers right now is really remarkable. No sign of a slowdown here whatsoever. pic.twitter.com/jRzo8pT5Em
— Ben Casselman (@bencasselman) April 1, 2022
Consumer spending on energy and food way down from 27% in 1960 to 12% in 2022 pic.twitter.com/jw2nBltv2r
— Mike Zaccardi, CFA, CMT (@MikeZaccardi) April 1, 2022
MORGAN STANLEY: “The US car market is not a car market at all. It's a truck market. .. we believe the first signs of demand destruction will be with low income consumers buying gas guzzling trucks.”$GM $F pic.twitter.com/i71BJi6qzC
— Carl Quintanilla (@carlquintanilla) April 1, 2022
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