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Animal Spirits: Negative Arbitrage
Today’s Animal Spirits is brought to you by YCharts:
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On today’s show, we discuss:
Young Americans are getting left behind by rising home prices, higher stocks
Five things you need to know to start your day: April 24, 2024
Chipotle keeps raising prices. Gym rats and Millenials are still buying burritos
Debevoise & Plimpton: Insurance Industry Corporate Governance Newsletter
Chinese “overcapacity” is not the problem. Underconsumption is
Housing in hyperdrive: US cities where home prices doubled in a flash
Many older adults think they will never retire and worry about making ends meet, study finds
Listen here:
Recommendations:
Charts:
Tweets:
WALMART U.S. CEO: ".. we are now seeing prices that are in line with where they were 12 months ago. I haven’t been able to say that for a few years .. The last few weeks, we've taken even more prices down in areas like produce and meat and fresh food.”
$WMT @ABC… twitter.com/i/web/status/1…
— Carl Quintanilla (@carlquintanilla)
12:16 PM • Apr 26, 2024
People’s incomes rose 0.5% in March; spending grew 0.8%. Both figures are in current dollars.
bea.gov/data/income-sa…
— BEA News (@BEA_News)
12:30 PM • Apr 26, 2024
$META was trading at $510 yesterday. It's trading at $410 today after earnings, down 17%.
This move constitutes a one-day loss of nearly $250 billion in market cap, which would be the worst single-session value loss of any stock ever. twitter.com/i/web/status/1…
— Stock Talk (@stocktalkweekly)
10:01 PM • Apr 24, 2024
Tom Brady’s resume before he was drafted.
— Jon Erlichman (@JonErlichman)
6:30 PM • Apr 27, 2024
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