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Animal Spirits: Never Go All in on Stocks

Animal Spirits: Never Go All in on Stocks

Michael Batnick
November 05, 2025

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Today's Animal Spirits is sponsored by Ycharts and Vanguard:

This episode is sponsored by YCharts. Download YCharts' Great Wealth Transfer Deck free at: https://go.ycharts.com/winning-the-next-generation-of-wealth?utm_source=Animal_Spirits&utm_medium=Original_Research&utm_campaign=Great_Wealth_Transfer&utm_content=Podcast

This episode is sponsored by Vanguard. Learn more at: https://www.vanguard.com/audio

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:

Why AI is Underhyped and Isn't a Bubble Yet
Here's why AI isn't a bubble today. I've distilled the data points and ideas from my previous columns and coverage. If you prefer facts and evidence-based reality over vibes and conflated narratives, enjoy!
-Big Tech valuations are
— tae kim (@firstadopter)
6:40 PM • Oct 25, 2025

Yeah. We're fucked, tbh
— Del (@TheCartelDel)
12:43 AM • Oct 31, 2025

People freaking out over corporate layoffs tend to forget the enormous size and churn of the U.S. labor market.
7.5 million private sector jobs were destroyed in Q4 2024 alone! (But even more were created.)
— John Lettieri (@LettieriDC)
2:27 PM • Oct 29, 2025

NEO The Home Robot
Order Today
— 1X (@1x_tech)
6:04 PM • Oct 28, 2025

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