Sudden Wealth Syndrome (EP. 485)

Michael Batnick (0:06)

This message is brought to you by Fidelity Investments. When timing is everything, you need powerful tools and research that can meet you in the moment. With the all new Fidelity Trader Plus platform, your charts and preferences show up consistently, synced up across all your devices, so you can act fast whenever and wherever you're trading. You can save an order on your desktop at home, get a mobile alert when you're at work, and complete the trade in the Fidelity app without starting over. And with a downloadable Fidelity Trader Plus desktop platform, you have more control with multi-monitor views, enhanced tools and customization options, and integrated screen sharing with Fidelity trading specialists. Try Fidelity's most powerful trading platform yet at fidelity.com/traderplus.

Fidelity Investments and The Compound are not affiliated. Views, opinions, products, services, and strategies discussed are not endorsed or promoted by Fidelity Investments. Fidelity Brokerage Services LLC member NYSE SIPC.

This episode is brought to you by Federated Hermes. Active ETFs are changing the way portfolios are built, giving advisors more flexibility for their clients. But not all ETFs are built the same.

Federated Hermes puts the investments in their active ETFs through a ruthless vetting process gaming out a wide range of market scenarios so only the strongest survive. The result? A suite of 12 active ETFs spanning the full stock and bond market. Whether you use them as core building blocks or tactical allocations, you'll get the strategies you want in a convenient ETF wrapper. Simply put, Federated Hermes has the active ETFs to help you build portfolios designed to last because they've been vetted for it. Explore the full lineup at federatedhermes.com. ETFs are subject to risk and may lose value. Federated Securities Corp Distributor. Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. Read this and more information in the prospectus or summary prospectus available at federatedhermes.com.

Ben Carlson (2:02)

Welcome to Animal Spirits with Michael and Ben. Michael, are you a Giants fan?

Michael Batnick (2:10)

Long pause. Ben, I know, I know, I know, nope. There's, you know what? I was about to say nobody cares. There's 11 people listening that are gonna care, that are gonna laugh at what I'm about to say. Yes, I'm a Giants fan.

It's been...

Ben Carlson (2:24)

I can't, for people who are listening, Michael's just ducked out in head to toe Giants gear.

Michael Batnick (2:27)

It's been over a decade since we were alone in first place. So I committed a Cardinal sin.

The Arizona Cardinals, pun intended, I suppose. Well, unintended actually. The Arizona Cardinals were favored two and a half points against my Giants. Giants are not a good football team. Be honest, I thought the Cardinals were gonna beat us. They're not good either, but they're competent.

So my biggest bet of the day, Ben, for five-team teaser, shame on me. But I teased them all the way up, like all the way up. Very conservative. The five-team teaser was like a plus 130 I said, I think the Cardinals are gonna beat us. But we're not gonna beat them by more than nine and a half points, are we? No f**king way. I mean, and I don't know if anybody saw the end of the Giants game. Guessing most of you didn't. But the Giants were up by three points, whatever it was. Yeah, so the Giants were up by three or four points.

Ben Carlson (3:16)

Oh, so there was a pick six at the end of that screw year teaser.

Michael Batnick (3:17)

There was a pick six with zero seconds on the clock. Zero seconds. All Deontay Banks had to do was go out of bounds or go down, which normally happens, it would have preserved my biggest bet of the weekend.

Shame on me.

Ben Carlson (3:33)

Okay, shame on me for opening up that can of worms and letting you talk about your bets.

Michael Batnick (3:39)

I probably was just gonna keep it in, but I couldn't help it. My misery, my misery needs to, it needs to breathe.

Ben Carlson (3:46)

That's an emotional hedge because you're team one so that you can't complain about that. It cancels each other out. You're fine.

Michael Batnick (3:50)

I'm okay.

Ben Carlson (3:51)

From The Economist, the era of speedball capitalism has dawned. I like this. One of my things that I've been on for a long time now is just everything is getting faster. I want to read you this opening paragraph because I think this is really good. I read this and I go, oh yeah. Every time something big happens, we think it's going to be like a signal of something in the market.