The Compound and Friends

On the new edition of What Are Your Thoughts with Michael Batnick and Josh Brown: - Bubble behavior in a market crisis is nothing new or unusual. - Fidelity says 18% of investors sold out of all their stocks during the last few months, and a third of investors over 65 years old! - With the Fed buying the investment grade bonds of Apple and Microsoft, do its critics have a point? - What did we learn from this crisis? - Eating at restaurants again - weird but satisfying. - Does Michael watch movies just to torture himself? Plus, why Josh likes westerns. - Apple's App Store facilitated over half a trillion dollars in commerce last year!  Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

A Degenerate Gambler Walks Into a Stock Exchange... What Are Your Thoughts?On an all-new What Are Your Thoughts - Michael Batnick and Downtown Josh Brown discuss the biggest topics in finance this week, including:- What should we make of massive one-day rallies in the stock market? - What if the stock market is doing a better job of tracking the real economy than we think? - Which is more dangerous for a degenerate gambler - legal sports betting or discovering the stock market? - How will restaurants and bars conform to the new health challenge and make a comeback? - What's one thing you've changed your mind about since the crisis began? - How come people seem to begin investing as bulls and then get bearish when they're older? Ten Rules for Retirement InvestingJosh here - my colleague Anthony Isola put together this list of ten rules for retirement. Tony spends a lot of his time giving advice to people who aren't typically savvy about investing or finance in general. Many of his clients are teachers but these rules are truly universal. Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Josh Brown and Michael Batnick discuss the recent rash of commentary about the "Death of Value Investing," a discipline that has already died a thousand deaths before and yet is continually resurrected. Michael points out that growth investing is currently on a 30-year win streak versus value investing, while the distance between cheap stocks and expensive stocks has never been more stretched. Josh's take is that the idea of buying an asset for less than it's worth is immortal, but the inputs we base these decisions on might need to change. Perhaps it's not a problem with the concept, but with the measurements. You can find more of Michael's thoughts and charts on the topic at his post below: https://theirrelevantinvestor.com/2020/05/12/the-case-against-value-investing/ You can find Josh's written rant on value investing here: https://thereformedbroker.com/2020/05/12/value-investing-is-immortal/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Unlimited Economic Stimulus: What Are Your Thoughts?Join Michael Batnick and Downtown Josh Brown for another all-new edition of What Are Your Thoughts? as they discuss: - US stocks just had their best monthly performance in 30 years - what was the catalyst? - Has Warren Buffett's magic touch faded away? Why Berkshire's annual shareholder "meeting" was so underwhelming. - Josh got the antibody test. Why wouldn't everyone? Maybe because it doesn't mean anything. - Is there any limit to how much money the Fed and Treasury can throw at the economy? Do we have any choice? - Michael Jordan talked about the downside of fame in this week's 'The Last Dance' - the press tears our idols down on Wall Street too. The Yield Curve Indicator is UNDEFEATEDJosh here - Okay, so now we're officially in recession. What happens next? How long will this go on for? Last fall we had Professor Campbell Harvey, partner and senior advisor to Research Affiliates, on The Compound to discuss the inverted yield curve, an economic indicator he had discovered in the 1980's. Cam explained that this indicator - when Treasury interest rates on shorter-term bonds rise above those being paid on longer-dated bonds - has been successful at predicting recessions 7 out of 7 times with zero false signals along the way. This recession means it's now 8 for 8! Join us for a discussion about the way the signal should be thought about now with the Fed's overnight rate back at zero. We also discuss whether or not the economy is bottoming, what has to happen for the recession to end, and why this environment is like nothing we've ever seen before in history. Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode starts with Josh asing his friend Jeff Macke to pop on and tell us about what's happening with America's largest retailers, and how the coronavirus ended up being both a challenge and an opportunity for them. Jeff is an expert in all things big box retailing and ecommerce, He's also hilarious and one of the nicest guys I know. Hope you enjoy and learn some stuff from this!Later, Michael Batnick talks with Logan Mohtashami, columnist for HousingWire, about where the housing market was prior to COVID-19, how quickly the market reacted, and what it will look like when the economy reopens. Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Why Credit Card Losses Could Explode: What Are Your Thoughts?On an all new What Are Your Thoughts, Josh Brown and Michael Batnick tackle all the biggest topics of the moment.In this edition:* Five US stocks are now bigger than the entire developed world's stock markets combined, how can this be?* What are the investor takeaways from the massive crash in oil prices?* Did an oil ETF popular with retail traders contribute to negative oil prices this week?* Are people more comfortable about ordering in food as a break from cooking at home now?* How long would you stay in your home, no matter what the government says?* Watching old NBA games* Reactions to ESPN's The Last DanceWhat Does The Fed Actually Do?Michael Batnick talks with Cullen Roche about what the federal reserve actually does, what their critics get right, and how their actions today compare with what they did during the Great Financial Crisis. Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

On an all new What Are Your Thoughts - Michael Batnick and Downtown Josh Brown discuss:* Are there any Crisis Stars being created on Wall Street during this bear market?* Human behavior in a bear market has not changed much* Why this won't be the next Great Depression* Michael thinks he's one of those "business call from a Peloton" guys* Why America needs Major League Baseball to come back* ETF trading volume is not indicative of the "death of passive" Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this week's episode, Ben sits down with investor, author, and market historian William Bernstein to put the current crash into perspective with history's worst crises. Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Josh here - I asked my colleague Blair duQuesnay about what's happening on our investment committee these days and what the decision making process is like given recent circumstances. We also talk about what it's like to live and work in New Orleans these days, a city that has joined New York on the list of US epicenters for COVID-19 cases. Blair is a Certified Financial Planner (CFP) working with clients of the firm and a Chartered Financial Analyst (CFA) who serves with four other members of Ritholtz Wealth on the Investment Committee.You can check out Blair's blog at https://blairbellecurve.com/ and reach out to her here: https://ritholtzwealth.com/contact/request-more-info/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

On an all new What Are Your Thoughts - Michael Batnick and Josh Brown discuss the biggest topics of the moment. Including:* Do investors care at all about the details of Congressional stimulus plans?* Mark Cuban just said what everyone's thinking.* What do you with a Black Swan fund now that it's already Swanned?* The biggest single day of retail investor stock selling.* The fastest 30% bear market in history - just 22 days!* Will Work From Home become the new normal?* Did the stock market bottom?...and much more! Let us know what your thoughts! Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices