Animal Spirits: Redemption Wave

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Today’s Animal Spirit is brought to you by Nuveen Investors and Janus Henderson:

This episode is sponsored by Nuveen. Read more at Nuveen.com
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This episode is sponsored by Janus Henderson Investors. Read more at
On today’s show, we discuss:
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Tweets/Bluesky:
If the Brent market were to close at current levels (up 7.5%), the one-day % increase would be a massive 53%.
US-Israel has invaded Iran, the Supreme Leader was killed, chaos in Hormuz, retaliation across the Middle East… All of that brings a massive jump of 53 in one day.
— Javier Blas (@JavierBlas) March 2, 2026
Oil prices are rising again today, with WTI crude oil up $4.75/bbl another 7%, and RBOB gasoline up 5.2%, the national average is now likely to approach $3.30/gal and beyond in the next few weeks.
— Patrick De Haan (@GasBuddyGuy) March 3, 2026
In this week’s episode of “Life After Mutual Funds”, the ETF flow has gone very well!!!
February isn’t even over yet, and investors have already put $328 billion in new money to work on ETF portfolios this year.
That’s about $128 billion (64%) ahead of last year’s… pic.twitter.com/foJ2avCjO7
— Ben Johnson, CFA (@MstarBenJohnson) February 27, 2026
So many things that seem to be about AI are actually about pandemic economics
— Myles Udland (@MylesUdland) February 26, 2026
In case you need confirmation that AI is just an excuse to cut costs…
This is like saying that investment banking will be able to stop working at 8pm because bankers can now create a DCF in Excel instead of doing it on paper.
UBS: what a joke of a financial institution pic.twitter.com/vpwvXycSpK
– Restructuring__ (@Restructuring__) March 2, 2026
we do @blocks small today. here is my note to the company.
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today we made one of the most difficult decisions in our company’s history: we reduced our organization by almost half, from over 10,000 people to just under 6,000. that means over 4,000 of you…
— jack (@jack) February 26, 2026
I have some big news to announce… pic.twitter.com/3OBNTaOnIL
— Mike Selig (@ChairmanSelig) February 17, 2026
So “his company invested double digit millions in the platform last year”… to make $515,000?…for his company to pay?
Is that what you suggest we need to investigate? pic.twitter.com/qo3oxPUWmP
— Mr Irony (@mister_irony) March 1, 2026
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