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How Markets Really Work
This Week on The Compound
This week on Animal Spirits Michael and Ben discussed how credit spreads work, the arrival of an economic slowdown, how the 401(k) revolution changed the stock market, and the $5 meal deal inflation indicator. (Listen)
INSIDE THE COMPOUND
Prior TCAF guests Kyla Scanlon and Callie Cox discussed how markets really work, stock market concentration, and the dangers of mixing politics and investing. You can sign up for Callie’s new newsletter here.
FRIENDS OF THE COMPOUND
The degenerate economy is in full bloom, but when did it really start? Howard Lindzon writes about how the popularity of the Direxion Daily Financial Bear 3x Shares (FAZ) during the GFC was a harbinger of what was to come. The question is what investors can do to protect themselves.
What we can do as citizens and participants of this global ‘degenerate economy’ is manage it. The best way to start is to invest. The next best thing is to learn the language and figure out your risk profile. Next up, find mentors and learn what to avoid (almost all of the leverage and most of the bells and whistles).
MERCH
A one-of-a-kind finance-themed Hawaiian shirt just dropped! It is a collab between The Compound and Tropical Bros. The best thing is that 10% of all sales will be donated to No Kid Hungry. Also, for a limited time, Tropical Bros. is having a July 4th sale - use promo code JULY25.
COMING SOON
Next week on TCAF, Josh and Michael will be joined by Neil Dutta, Partner and Head of Economic Research at Renaissance Macro Research.
FEEDBACK
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