Animal spirits: wait, are we at the top???
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On today’s show, we discuss:
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Tweets / Bluesky
Today’s market volatility makes it inevitable.
The S&P 500 has wiped out $1.5 trillion in value from today’s high.
Bitcoin dropped to $87,000.
Crypto Market Cap is less than $2.95T.
And the awesome part?
There wasn’t a single bad topic today.
The policy is not surprising.
You don’t have … pic.twitter.com/gopv2f2lpb– bull theory (@bulltheodio) November 20, 2025
444 stocks in the S&P 500 were higher on Friday, the most since last time. pic.twitter.com/i1ezwa9qnl
– Ryan Dentrick, CMT (@ryandetrick) November 23, 2025
Here’s a look at the 5-year 5-year percentage, which was just under 1,000 in early 2000 at the start of the Dot Com Bubble.
Thoughts? pic.twitter.com/bpsuu61SA0
– Bespoke (@Bespokeinvest) November 21, 2025
Today’s jobs report for September shows private sector employment has declined for the fifth consecutive month except for health care and social assistance and hospitality – the most unprecedented in 35 years
– Matthew B (@boes_) November 20, 2025
Holy shit. I have used chatgpt daily for 3 years. Just spend 2 hours in Gemini 3. I’m not going back. LEAP is crazy – Consultation, speed, photos, video … everything is sharp and fast. It feels like the world just changed, too. ❤️
– Marc Benioff (@neeff) November 23, 2025
This week I wrote about money management in America. As it becomes more and more difficult to buy a home, America’s mortgage debt falls – to a 25 year low relative to GDP, and a 60 + (!!!) year low relative to real estate prices pic.twitter.com/ozd8mrefmf
– Mike bird (@birdyword) November 20, 2025
When bitcoin is going up so fast it feels like nothing can stop you from moving
When bitcoin falls hard it feels like it is going to zero
Such a commodity
— Ben Carlson (@aenialfcs) November 21, 2025
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