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cover of episode The Tariff Tantrum (EP.403)

The Tariff Tantrum (EP.403)

2025/3/12
logo of podcast Animal Spirits Podcast

Animal Spirits Podcast

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Ben Carlson
一位专注于投资教育和策略的金融专家,通过博客和播客分享投资见解。
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Michael Batnick
作为 Ritholtz Wealth Management 的管理合伙人和研究总监,Michael Batnick 是一位知名的投资专家和播客主持人。
Topics
Michael Batnick: 我认为股市的健康回调是好事,重新引入风险是积极的。虽然如果这演变成深度衰退,我会收回我的话,但我认为这是一个健康的调整。市场的波动性增加,尤其是成长股的大幅下跌,但这并不意味着市场会崩溃。 Ben Carlson: 我同意Michael的观点,这次回调是牛市中的一次健康调整。虽然市场对政治不确定性反应强烈,尤其是关税政策,但我认为经济放缓而非衰退的可能性更大。债券市场再次发挥作用,提供了分散投资的工具。

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The podcast starts by discussing the recent market correction, with the S&P down 9%, NASDAQ down 13%, and Russell 2000 down 17%. The hosts debate whether this correction is a positive sign, representing a healthy reintroduction of risk, or a precursor to a more significant downturn. They also discuss the surprising positive performance of bonds as a diversifier.
  • S&P 500 down 9%, NASDAQ 100 down almost 13%, Russell 2000 down 17%
  • Bonds are offering diversification, with the best day versus the S&P 500 in 25 years
  • Year-to-date bond returns are decent despite the overall market decline

Shownotes Transcript

On episode 403 of Animal Spirits, Michael Batnick) and Ben Carlson) discuss: a healthy correction in the stock market, growth stocks getting slaughtered, bonds are working again, recession worries are back on the table, international stocks are outperforming, the slowing labor market, AGI is coming, millennials are going to be waiting for their inheritance, how Covid changed everything and much more.

This episode is sponsored by Betterment. Grow your RIA your way at: https://www.betterment.com/advisors)

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Find complete show notes on our blogs:

Ben Carlson’s A Wealth of Common Sense)

Michael Batnick’s The Irrelevant Investor)

Feel free to shoot us an email at [email protected]) with any feedback, questions, recommendations, or ideas for future topics of conversation.

 

Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.

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