On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Jonathan Shelon, Chief Operating Officer at KraneShares to discuss: the AI opportunity set, how to invest in private companies in an ETF, the differences between now and the dot-com bubble and the Kraneshares Artificial Intelligence & Technology ETF. Find complete show notes on our blogs......
Nov 10, 2025•35 min
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Ara Kharazian, Economist at Ramp to discuss: how companies run their finances, trends in artificial intelligence usage and why tariffs are so confusing. This episode is brought to you by VanEck. Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXCompound Find...
Nov 08, 2025•31 min
On episode 437 of Animal Spirits, Michael Batnick and Ben Carlson discuss bad breadth, a historical melt-up in tech stocks, the case against an AI bubble, sequence of return risk, the economy that's better for parents than their grown-up kids, demographic warfare, why tariffs are so confusing, the data center buildout, AI chart crimes, Michael Saylor and more. This episode is sponsored by YCharts and Vanguard . Download YCharts’...
Nov 05, 2025•1 hr 15 min
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Rahul Sharma, Portfolio Manager at Schafer Cullen Capital Management to discuss: China, the falling dollar, why emerging markets are outperforming and the firm's dividend-focused strategy. Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense...
Nov 03, 2025•33 min
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Doug and Heather Boneparth to talk about their new book, Money Together . This episode is brought to you by VanEck. Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXCompound Find complete show notes on our blogs... Ben Carlson’s A Wealth ...
Nov 01, 2025•35 min
On episode 436 of Animal Spirits, Michael Batnick and Ben Carlson discuss how behavior drives bull markets, how many companies outperform the S&P 500, bubble predictions, 5x ETFs, $20 lunches, surviving the AI capex boom, we need lower housing prices, why private credit is an easy sale to make, Halloween decorations and more. This episode is sponsored by Nuveen and Invesco . Invest like the future is watching. Visit https://www....
Oct 29, 2025•1 hr 15 min
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Gabby Santos, Chief Market Strategist for the Americas at JP Morgan to discuss the 30th annual edition of the firm's capital market assumptions report that covers stock returns, bond yields, inflation, GDP forecasts and more. Find complete show notes on our blogs... Ben Carlson’s ...
Oct 27, 2025•41 min
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Morgan Housel, author of “ The Art of Spending Money ,” to discuss: Lambos, tipping, travel, spending your money with a purpose and his new book. This episode is brought to you by VanEck. Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXCompound Find complete show note...
Oct 23, 2025•41 min
On episode 435 of Animal Spirits, Michael Batnick and Ben Carlson discuss AI bubble indicators, what Jesse Livermore would think about this market, the pros and cons of owning gold, chart crimes, why the financial media is so negative, 5x leveraged ETFs, heavily shorted stocks are outperforming, will Bitcoin hit $200k by 2027, consumers are still in good shape, $50k new cars, Michael's top 10 horror movies and more. This episode is ...
Oct 22, 2025•1 hr 21 min
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Lance Humphrey, head of portfolio management with the VictoryShares and Solutions team at Victory Capital to discuss: the firm's VictoryShares Value Momentum suite of ETFs, how to invest in both value and momentum, why there's so much more money in value strategies than momentum and much more. Find complete sh...
Oct 20, 2025•29 min
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Dave Thornton from Vested to discuss: abandoned start-up shares, diversification in venture capital, helping start-up employees and the complications involved with exercising options. For more information on Vested, email them at investors@vested.co Find complete show notes on our blogs... Ben Carlson’s ...
Oct 18, 2025•38 min
On episode 434 of Animal Spirits, Michael Batnick and Ben Carlson discuss why it's so difficult to call the top, why earnings matter so much, we were due for a correction, valuations aren't that crazy, good news for low income Americans, how the housing market is impacting the stock market, why Gold is rocketing higher, the cash on the sidelines fallacy, the crypto liquidation, the problem with being house rich and much more. This e...
Oct 15, 2025•1 hr 11 min
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Scott Litman, Managing Director and Portfolio Manager at GCM Grosvenor to discuss: investing in data centers, airports, other types of infrastructure assets, and more. Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s ...
Oct 13, 2025•32 min
On episode 433 of Animal Spirits, Michael Batnick and Ben Carlson discuss the melt-up phase of the AI boom, there is a bubble in bubble predictions, no one is going to call the top, hyperscalers vs. the labor market, international stocks are outperforming, Taylor Swift, junk stocks, the top 1% vs. the bottom 90% and more. This episode is sponsored by Betterment Advisor Solutions and Vanguard . Grow your RIA, your way by visiting: ht...
Oct 08, 2025•1 hr 12 min
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Jason Duko, Executive Vice President and Portfolio Manager at PIMCO to discuss: PIMCO's outlook on the fixed income markets, their best ideas, how to think about the 60/40 portfolio and more. Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Micha...
Oct 06, 2025•35 min
On episode 432 of Animal Spirits, Michael Batnick and Ben Carlson discuss the thing that matters most to for the stock market, why AI is a bubble, inequality in the stock market, emerging markets are finally outperforming, why investor behavior has improved, economic growth remains strong, rich people are powering the economy, the private equity dry spell, airport lounges and more. This episode is sponsored by YCharts and Fabric by Gerb...
Oct 01, 2025•53 min
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Matt Bartolini from State Street Investment Management and Chris Ward from Bridgewater Associates to discuss: the SPDR Bridgewater All Weather ETF , the strategy's origins, how it works, the fees involved and much more. Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense...
Sep 29, 2025•41 min
On episode 431 of Animal Spirits, Michael Batnick and Ben Carlson discuss bubble behavior from tech CEOs, the AI inflection point, S&P 10,000, panic selling, $7.7 trillion in money markets, the two-speed economy, most IPOs are terrible investments, how to bring down mortgage rates, the demographic housing battle, youth sports and more. This episode is sponsored by Nuveen and KraneShares . Invest like the future is watching. Visit ht...
Sep 24, 2025•1 hr 15 min
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Graham Day, EVP and CIO of Innovator Capital Management to discuss: what the Dual Direction ETF is, how the portfolio is constructed, different outcomes with this product, the timing around buffered ETFs, and much more. Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense...
Sep 22, 2025•32 min
On episode 430 of Animal Spirits, Michael Batnick and Ben Carlson discuss Future Proof, 1990s nostalgia, Oasis, why the stock market doesn't care about the labor market, the top 10% is powering the economy, Google vs. ChatGPT, gold vs. AI, IPOs vs. small caps, Americans are richer than you think, a bull market in midwest housing, social media was a mistake, Gen Z wealth inequality and much more. This episode is sponsored by Invesco and YCha...
Sep 17, 2025•1 hr 21 min
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Wes Crill, Senior Client Solutions Director & VP at Dimensional Fund Advisors to explore strategies for investing at all-time highs. Then, at 18:18, they are joined by Tony Kelly, Co-Founder of BondBloxx ETFs to discuss investing in CLOs, differences between CLOs and high yield, and how CLOs fit in the private credit asse...
Sep 15, 2025•45 min
On episode 429 of Animal Spirits, Michael Batnick and Ben Carlson reflect on Ritholtz Wealth Management’s evolution from a startup to a mature firm, sharing lessons on client fit, the role of content in business development, and the growth mindset that shaped their culture. Learn more about Sprott ETFs , Visit SprottETFs.com or call 1-888-622-1813 for disclosure and prospectus information, containing investment objectives, risks, charges and ex...
Sep 10, 2025•31 min
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Ehren J. Stanhope, CFA, Principal, Chief Investment Strategist at Canvas Custom Indexing to discuss: the evolution of investment products, why 2019 changed everything, how financial advisors are using Canvas with their clients and why technology is such an important component in this process. Find complete show notes on our blogs...
Sep 08, 2025•33 min
On episode 428 of Animal Spirits, Michael Batnick and Ben Carlson discuss rich people everywhere, why this isn't like the dot-com bubble, the markets don't care about bad vibes, junk bonds are on a tear, there are more ETFs than stocks, Reddit loss porn, American exceptionalism, what would actually fix housing, the S&P 500 is outperforming private equity, 7 year auto loans, the 9-9-6 lifestyle and more. This episode is sponsored YCharts and...
Sep 03, 2025•1 hr 8 min
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Don Casturo, CIO at Quantix Commodities LP and Kristof Gleich, President & CIO at Harbor Capital to discuss: how to invest more thoughtfully in a broad basket of commodities, how investors typically allocate to commodities as an asset class, why the index doesn't make sense anymore and how commodities can hedge more traditional p...
Sep 01, 2025•36 min
On episode 427 of Animal Spirits, Michael Batnick and Ben Carlson discuss what happens to the stock market after Fed rate cuts, is this 1996 or 1999, why value stocks need a recession, investors love options, how people invested before the Internet, why we need a correction and much more. This episode is sponsored by Invesco. To learn more about Invesco’s income advantage ETFs. Visit https://www.invesco.com/income-advantage Sign up for The Compound...
Aug 27, 2025•1 hr 4 min
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by John Burrello, Senior Portfolio Manager at Invesco to discuss: their Income Advantage suite of ETFs, how options work, the risks involved in big payouts and more. Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor...
Aug 25, 2025•28 min
On episode 426 of Animal Spirits, Michael Batnick and Ben Carlson discuss why the stock market is getting boring, S&P 493 vs. the Mag 7, are small caps dead, it's tough being a contrarian, healthcare stocks are cheap, the K-shaped food industry, the tariff impact is coming, renting vs. buying, million dollar houses and more. This episode is sponsored by YCharts. Visit https://go.ycharts.com/animal-spirits and Get 20% off your initial YCharts Profes...
Aug 20, 2025•1 hr 2 min
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Craig Bewick, Head of Retail Education for the CME Group to discuss: how futures contracts work, why retail investors are becoming a bigger part of the futures market and more. Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor...
Aug 18, 2025•35 min
On episode 425 of Animal Spirits, Michael Batnick and Ben Carlson discuss 1990s nostalgia, the growing importance of the stock market on the economy, the Nifty Fifty vs. the Mag 7, buying Nike as a falling knife, the K-shaped economy, flying private, Tom Lee likes ETH, the 50/30/20 rule and more. This episode is sponsored by Pacer ETFs and Fabric by Gerber Life Learn more about COWG at http://paceretfs.com/ Join the thousands of parents who trust Fabri...
Aug 13, 2025•1 hr 4 min
