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Animal Spirits: Gold's 1987 Moment

Animal Spirits: Gold's 1987 Moment

Michael Batnick
February 04, 2026

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1 Bloomberg Finance, L.P., as of December 31, 2025. Average 30-day notional dollar trading volume.
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Today's Animal Spirits is sponsored by Nuveen and ClearBridge Investments:

This episode is sponsored by Nuveen. Invest like the future is watching. Visit https://www.nuveen.com/future to learn more.

Today's show is sponsored by ClearBridge Investments. International and emerging market stocks outperformed the U.S. in 2025. At ClearBridge, we believe this momentum can continue. Find out more at https://www.clearbridge.com/

Animal Spirits:

Animal Spirits Podcast

Animal spirits is a show about markets, life, and investing. Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, listening to and…

podcasts.thecompoundnews.com/show/animalspirits

On today’s show, we discuss:

Charts:

Tweets/Bluesky

— (@)

🔥S&P 500 reporting highest net profit margin in more than 15 years - FactSet As I wrote in September, this is a key business story to watch in 2026 www.tker.co/p/profit-mar...
— Sam Ro (@tker.co)2026-02-01T02:43:56.279Z

— (@)

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