Join Downtown Josh Brown (CEO, Ritholtz Wealth Management) and Michael Batnick (Managing Partner, Ritholtz Wealth Management) for another episode of What Are Your Thoughts and see what they have to say about the biggest topics in investing and finance!
Thanks to Birddogs for sponsoring this episode! Visit https://www.birddogs.com/THOUGHTS for a free white-tech dad hat with every purchase!
►00:00 – Intro
►03:40 – Rising Rates Hurt – “Investors fear unsustainably high interest rates will spark bank-loan defaults”
►22:24 – Utilities Crash – Utilities are underperforming the S&P 500 32% YTD.
►32:37 – Lower Lows – “No matter how stocks close today, the most benchmarked index in the world has set lower lows for almost two straight weeks.”
►34:58 – Is Twitter Worth Zero? – Linda has a big meeting this Thursday…
►42:28 – A New Regime – “We are back in a pre-98 regime…”
►49:00 – Consumers Still LOLing – “Americans Are Still Spending Like There’s No Tomorrow”
►53:02 – Make The Case
►57:25 – Mystery Chart
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45 Comments
Thanks to Birddogs for sponsoring this episode! Visit https://www.birddogs.com/THOUGHTS for a free white-tech dad hat with every purchase!
Im betting on WEX55T a very promising coin by amazon with great opportunities
Thank you so much for these piece, Amazon’s WEX55T looks to have great prospect
Thanks for all the info on WEX55T, I got some a couple minutes ago.
Most of people sleeping on WEX55T and follow the crowd and are deprived of their own thoughts and opinions without doing their own do-diligence.
Most of people sleeping on WEX55T and follow the crowd and are deprived of their own thoughts and opinions without doing their own do-diligence.
Everyone waited for Amazon to create WEX55T and the time is ready.
Need more info input on the WEX55T Amazon planned this for years and this way we can conquer the recession, lets go mate!
The bottom will take months
🤓bow tomming pro chess…jmvuho
You guys crack me up !
New Yorkers are f*n crazy lol. Love you guys
That’s not the first time I’ve heard the theory or markets following the changing seasons. It seems to hold true but there’s no actual hard data published. I believe it though
Werent the last two Octobers like this
your description of HTM/ AFS is all jacked up. if they hold the security to maturity there will be no loss unless the bond itself does not pay the principal back.
Julie is Tom from Succession while Elon is Mattson, behind the scenes pulling the strings.
My dad told me Sept is weakest month because suits come back from their vacation Hamptons and need to sell to pay for all the escorts/strippers from their gone in may, party all day summer fun.
love u guys
Long time listener! I love Josh’s sense of humor and I know he’s joking around, but he’s been low key disrespecting Batnick quite a lot recently. Don’t take Batnick for granted man. He keeps the show moving, his perspective is welcome, and he keeps it level headed. Again, I know it’s all jokes, but respect ya boy on the show.
Like the content but disagree with your assessment of Twitter. I am one of those that spend a lot of my time there. Much easier to get news and financial info than through Google. Never on Instagram or Facebook. I do enjoy TikTok as well. I am not a fan of TSLA and often short it. Hate the car and think Spacex is a scam. Just food for thought for your user analysis.
Michael is a confrontational idiot.
He argues and nitpicks over everything Josh says, “it’s bottoming in October” was apparently the equivalent of saying “fuck your mother” to him
4:10 The amount of selling that has gone on is too damn high!
How does seasonal affect markets in the southern hemisphere?😊
Re: the lower lows. Isn’t the chart showing “lower close” with the closing of the day closing below the open. Some of those days in the 9 days in the blue bubble had a higher close than the prior day close.
Also, chat getting spammed with some sh!tcoin
Bro, yes…the country is doing is. Michael yolo’d a mud room, others yolo’d trips to Ibiza. That’s the difference between 20s and 40s is all but it’s the same 😅.
Tech hasn't stopped with the layoffs. the increase in rates is showing in the tech sector.
It's going to be hard for the market to bottom if the 10 year keeps going up like this
Josh, you are supper funny today, you seasonal freak, you😅
Michael was very rude and obnoxious. He was also very disrespectful toward Josh tonight.
These statistics on how differently small companies versus the mega caps are doing when it comes to interest rates really does bring up the argument of will this kill competition and further entrench the advantages the mega caps have. Almost makes you think that the only way to bring competition back across sizes of companies is regulatory.
Not to be antifree market but to increase the efficiency of the market.
I made 50% of my portfolio today on ZERO DAY OPTIONS TRADES!! Even with all the Red, Woot woot! Have a blessed day all!
Big fan. Love seeing the subscriber number climb by what seems like 1,000 per week.
The Income 🤣
Why wouldn't they spend? what is the point of saving when inflation is 10%, rates are 15% and returns are -15%. I wish I was spending instead of saving like an idiot.
No fan of 60/40, but the barbell vs diversification at the end needs to go back at least 25yrs to give a real comparison. 2013-now doesn't give much color if we're in this "new regime" of higher-for-longer rates.
love the channel brother.
Josh: i have a disease
Michael: you're wasting everyones time
I can't stop applauding after watching this.
When did Michael suddenly know everything??
Josh – Yeah dickhead 😮
People also have their tax return money in April
waiting for downtown to blow up the whole borgata on halftime w/ the judge, callin this 10 yr bs, and TO BUY HARD!!!!
Obviously it’s a bottoming process because Michael is scared that it’s going lower, Josh.
How can it be a bottom, Michael, Josh isn’t scared.
The only thing we really know is that BYD is eating $tsla lunch because Kelly knows they have more colors and models 🤷🏻♂️
In all seriousness:
My family buys great companies and we hold them forever!
These are pretty good times to buy.
Anytime you hear “not financial advice” think about this:
Get a good advisor
Make a plan
Stick with the plan
Read Nick Murray
9:00 The concern is already reflected in the share price. Check out the debt on cruise ships. Huge short term paper issued under stress during covid. Spend 5 mins on the 10Q balance sheet and debt maturity note for Norwegian. Short Norwegian back down to when 2 major sell side upgrades were issued at around $60. The risk is that boomers are super flush due to a much higher savings rate and that they will payoff the debt in years to come. Even if the revenue stays high enough and oil prices don't kill them, the debt will cap any big upside. Sell vertical call spreads. Gamma hedge by selling out of the money puts. Fine tune your weighting with short stock.
When Josh Brown said New Era Energies at 22:28 .. I think he meant NextEra