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- Animal Spirits: A 25 Year Bull Market
Animal Spirits: A 25 Year Bull Market
Today's Animal Spirits is brought to you by Cache Financials and Fabric:
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Animal Spirits:
On today’s show, we discuss:
Talk Your Book: How Public's Winning the Great Wealth Transfer
Outlook for the dollar after Section 899: The US is still exceptional
Air Force and Space Force Hit 2025 Recruiting Goals 3 Months Early
They're in the Top 10% of Earners. They Still Don't Feel Rich.
The Worst Housing Market in America Is Now Florida's Cape Coral
Why Vanguard, Champion of Low-Fee Investing, Joined the 'Private Markets' Craze
Car buyers set a record with more than $1,000-a-month car payments in Q2
Charts:

















Tweets:
7% of Russell 3000 members made a new 52w high at the end of last week ... highest share so far YTD
— Kevin Gordon (@KevRGordon)
12:32 PM • Jul 7, 2025
The Magic 3 vs. the Meh 3?
— Bespoke (@bespokeinvest)
11:08 PM • Jun 25, 2025
Once again, for those in the back: multiple job-holding is a pro-cyclical indicator. That means that the share of workers with multiple jobs rises when times are good. That's because there are more job opportunities in a healthy labor market.
— Ernie Tedeschi (@ernietedeschi)
6:05 PM • Jul 6, 2025
Life in 1776:
- heat is such a luxury that Thomas Jefferson can’t write in deep winter bc his ink freezes (one reason perhaps why Independence Day is in July)
- nighttime darkness is such a burden that George Washington reportedly spent $15k in today’s dollars on candles every
— Derek Thompson (@DKThomp)
4:18 PM • Jul 6, 2025
People who weren't alive in the 80s always claim it was a time of plenty, richer than now.
But nearly 100% of people who were actually alive and conscious then recall middle class parents engaging in bizarre hyper-thrift and money anxiety that basically no one has now.
— VB Knives (@Empty_America)
3:42 AM • Jul 6, 2025
It’s so funny that in 2025, people are still describing certain cities as having good food. No shit. They all do now.
— Joe Weisenthal (@TheStalwart)
6:10 PM • Jul 6, 2025
damn this is pretty crazy, not gonna lie
— Nikhil Krishnan (@nikillinit)
2:09 PM • Jul 3, 2025
To keep up, I've put together this ✨very sophisticated✨ table.
These new numbers don't look that small
— Kevin Gordon (@KevRGordon)
6:42 PM • Jul 7, 2025
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