Episodes
Dec. 18, 2024
Eff You Money (EP.391)
On episode 391 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the prospects for another 20% year in the stock market in 2025, the U.S. economy is firing on all cylinders, no one is predicting a recession anymore…
Dec. 16, 2024
Talk Your Book: Buy Low, Sell High in China
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson talk to Brendan Ahern from KraneShares about Chinese tech stocks, historically low sentiment towards international stocks, US vs. China tech …
Dec. 11, 2024
The Bears Capitulate (EP.390)
On episode 390 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the 4 biggest types of investment mistakes, bears throwing in the towel, Bitcoin hitting $100K, more travel stories, the greatest family movie of all…
Dec. 9, 2024
Talk Your Book: Matching Longs with Shorts
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Mick Rasmussen, Portfolio Manager at Wasatch Global Investors , to discuss how to construct a long/short portfolio, factors tha…
Dec. 4, 2024
The Mother of All Bubbles (EP.389)
On episode 389 of Animal Spirits, Michael Batnick and Ben Carlson discuss: US exceptionalism in markets and the economy, losing all of your retirement savings, yield sells, financial nihilism, the downfall of the CFA, the gr…
Dec. 2, 2024
Talk Your Book: J.P. Morgan's Guide to ETFs
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Jon Maier, Chief ETF Strategist and Shayan Hussain, Head of U.S. Investment Specialists at J.P. Morgan Asset Management to disc…
Nov. 27, 2024
The Leverage Mania (EP.388)
On episode 388 of Animal Spirits, Michael Batnick and Ben Carlson discuss: great stock market returns so far for 2024, Bluesky vs X, the impact of tariffs on the U.S. economy, when to sell Bitcoin, money in college athletics…
Nov. 25, 2024
Talk Your Book: Animal Spirits Live
On today's show, we are live from Chicago with Alex Morris, Chief Investment Officer of F/m Investments to discuss why investors are still crowded on the short end of the curve, thoughts on why rates went up following a Fed …
Nov. 20, 2024
Everybody in the Pool (EP.387)
On episode 387 of Animal Spirits, Michael Batnick and Ben Carlson discuss: 7 years of Animal Spirits, the miracle of US equities, the wall of worry has fallen, S&P 10,000, massive ETF flows, vibes rule everything around me, …
Nov. 18, 2024
Talk Your Book: Investors Love Cash Flow
On today's show, we are joined by Barry Martin, Portfolio Manager of Shelton Equity Income Fund to discuss what it means to have shares called away, what makes a good stock to write a call option on, understanding the relati…
Nov. 13, 2024
The Bitcoiners Won (EP.386)
On episode 386 of Animal Spirits, Michael Batnick and Ben Carlson discuss: why Trump won, how the Dems fumbled the economic messaging, how this will impact recession spending moving forward, 30% gains in the stock market, cr…
Nov. 11, 2024
Talk Your Book: Infrastructure Investing
On today's show, we are joined by Jon Levin, CEO of GCM Grosvenor and Mark Gatto, Co-Founder and Co-Chief Executive Officer of CION Investments to discuss the basics around the infrastructure asset class, BDC's vs interval f…
Nov. 6, 2024
A Once in a Lifetime Investment Opportunity (EP.385)
On episode 385 of Animal Spirits, Michael Batnick and Ben Carlson discuss: Warren Buffett's massive cash pile, the performance of the average stock this year, the Polymarket whale, markets in everything, Twitter replies now …
Nov. 4, 2024
Talk Your Book: Longevity Income
On today's show, we are joined by Nate Conrad, Head of LifeX at Stone Ridge Asset Management to discuss how longevity income ETFs work, what LifeX is actually investing in, why matching spending with investment products is i…
Oct. 30, 2024
The Cost of the American Dream (EP.384)
On episode 384 of Animal Spirits, Michael Batnick and Ben Carlson discuss: changing narratives in the markets, why interest rates are rising, why you should never take macro advice from hedge fund managers, why the S&P 500 i…
Oct. 28, 2024
Talk Your Book: The Next Big Short
On today's show, we are joined by Jared Dillian , Founder of Jared Dillian Money to discuss Jared's bearishness on private equity, understanding the demand side of private equity, a private equity sentiment bubble, an explos…
Oct. 24, 2024
Talk Your Book: Marketing is Everything with Seth Godin
On today's show we talk with Seth Godin about his new book, This is Strategy , along with why everyone is in sales, how to produce good content, how to define your audience, how to avoid procrastination, marketing for introv…
Oct. 23, 2024
The Envy of the World (EP.383)
On episode 383 of Animal Spirits, Michael Batnick and Ben Carlson discuss: stock market return expectations for the next decade, why there's no euphoria, Nvidia is a unicorn, the American economy is unstoppable, millennials …
Oct. 21, 2024
Talk Your Book: Factor Investing with Dimensional Fund Advisors
On today's show, we are joined by Rob Harvey, Co-Head of Product Specialists at Dimensional Fund Advisors to discuss how DFA separates itself as an asset manager, details around converting a mutual fund to an ETF, how DFA ha…
Oct. 16, 2024
The 1990s Really Were Better (EP.382)
On today's show we discuss an unbelievable run for the stock market, diversification vs. hedging, an unprecedented surge in household wealth, the new normal of negativity, some nostalgia for the 1990s, the stock market doesn…
Oct. 14, 2024
Talk Your Book: Yield at What Cost?
On today's show, we are joined by Jonathan Molchan, Managing Partner at STF Management to discuss how the trend following rules work, issues with traditional call option writing strategies, trend following performance throug…
Oct. 9, 2024
Money Buys Happiness (EP.381)
On episode 381 of Animal Spirits, Michael Batnick and Ben Carlson discuss: calling a top in the stock market, why people don't trust data, the economy is still fine, why yields are rising in a rate cutting environment, a big…
Oct. 7, 2024
Talk Your Book: Private Equity Deals with Ted Seides
On today's show, we are joined by Ted Seides, founder of Capital Allocators to discuss his new book, Private Equity Deals: Lessons in investing, dealmaking, and operations from private equity professionals . Thanks to Public…
Oct. 2, 2024
The Most Bullish Backdrop (EP.380)
On episode 380 the biggest risk to the real estate market, why bull markets are different today, gold & stocks both hitting ATHs, the US economy is sitting pretty, wearable AI glasses, bullish housing demographics, Michael's…