Your Budget Sucks (EP.397)

73 snips

Jan 29, 2025

The hosts dive into Miami's Future Proof conference and unravel the recent DeepSeek rug pull affecting Nvidia. They share insights on the peculiar bear market and Howard Marks' take on bubbles. There's a humorous take on hedge fund fees, a private chef lifestyle, and the challenges of budgeting in pricey Brooklyn. The conversation also touches on consumer trends, the impact of AI on the stock market, and peculiarities of insider trading amidst rising credit card debt. Plus, they critique 'Gladiator 2' while reminiscing about beloved 80s films.

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INSIGHT

AI Overreaction

Michael Batnick questions if the market's reaction to DeepSeek is an overreaction.
He draws parallels to past overreactions regarding Google and suggests multiple AI winners.

INSIGHT

Not a Bubble (Yet)

Howard Marks argues the current market lacks the behavioral hallmarks of a bubble.
He emphasizes that a bubble involves a mania where caution is thrown aside, which he doesn't see yet.

INSIGHT

Leveraged ETFs

Leveraged ETFs are discussed, particularly UPRO.
Ben Carlson and Michael Batnick strongly advise against holding these products long-term due to volatility.

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On episode 397 of Animal Spirits, Michael Batnick and Ben Carlson discuss: Future Proof Citywide in Miami, the DeepSeek rug pull on Nvidia, what this means for the Mag 7 stocks, the most beloved bear market of all-time, Howard Marks on why this isn't a bubble (yet), hedge fund fees, leveraged ETFs, the price of eggs, hiring a private chef, a young couple's monthly budget in Brooklyn and more!

This episode is sponsored by Kraneshares. To learn more about the KraneShares CSI China Internet ETF, visit: https://kraneshares.com/KWEB

Find complete show notes on our blogs:

Ben Carlson’s A Wealth of Common Sense

Michael Batnick’s The Irrelevant Investor

Feel free to shoot us an email at animalspirits@thecompoundnews.com with any feedback, questions, recommendations, or ideas for future topics of conversation.

Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.

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