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Animal Spirits:

On today’s show, we discuss:

• How the Bucket Hat Became the Star of the Oasis Reunion

• Initial Public Offerings: Updated Statistics

• 17 charts to consider as stocks rally and the economy cools

• Americans think you should land your dream job by 29, buy your first home at 30, and earn six figures by 35–they’re in for a reality check

• Sherwin-Williams suspends 401(k)-matching amid weak sales

• Trump Calls for Ending Quarterly Earnings Reports

• US public pension funds pare allocations to private credit

• Attack of the Rotten Tomatoes

Charts:

Tweets:

Looking at the forest, I still sense an overriding sentiment of “this can’t continue” – no “euphoria” anywhere.

Interestingly, when the S&P 500 records a 4-month winning streak that closes at a new all-time high monthly close, it’s continued 9 & 10 months later 18 times in a

— Steve Deppe, CMT (@SJD10304)
5:42 PM • Sep 9, 2025

Oracle $ORCL has moved up to the 10th largest stock in the S&P with a market cap of nearly $950 billion.

But of the 25 largest stocks, 14 are in the red today.

— Bespoke (@bespokeinvest)
6:43 PM • Sep 10, 2025

FRED is starting to pull in the new Census data released today. Here’s median family income, now at an all-time inflation-adjusted high of $105,800 in 2024

— Jeremy Horpedahl 🥚📉 (@jmhorp)
6:59 PM • Sep 9, 2025

Over 1/3 of American families now have over $150,000 of income, the first time in history (yes, it’s adjusted for inflation)

— Jeremy Horpedahl 🥚📉 (@jmhorp)
9:46 PM • Sep 9, 2025

Prepping some slides for a talk in Chicago tomorrow.

This is so stark.

— Mike Simonsen 🐉 (@mikesimonsen)
5:20 PM • Sep 14, 2025

Prepping some slides for a talk in Chicago tomorrow.

This is so stark.

— Mike Simonsen 🐉 (@mikesimonsen)
5:20 PM • Sep 14, 2025

From Sam Harris

HT @honest_math

— Jake (@EconomPic)
3:14 PM • Sep 14, 2025

Recommendations:

• Oasis: Supersonic

• Task

• The Paper

• Apple in China 

Contact us at animalspirits@thecompoundnews.com with any feedback, recommendations, or questions.

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