---

Advertisement

Bonds with a winning edge

Vanguard institutional quality bond funds: Backed by 200+ experts and a record of outperforming for clients See the funds

---

Today’s Animal Spirits is sponsored by YCharts and Fabric by Gerber Life:

This episode is sponsored by YCharts. Get 20% off your initial YCharts Professional subscription when you start your free YCharts trial through Animal Spirits (new customers only). Sign up at: https://go.ycharts.com/animal-spirits

Join the thousands of parents who trust Fabric to help protect their family. Apply today in just minutes at: https://meetfabric.com/SPIRITS

---

The Compound and Friends:

On today’s show, we discuss:

• Wall Street Warns S&P 500 Dip Buyers of More Turbulence Ahead

• The Magnet of Dancing Stock Prices 

• Why I Don’t Own Any Gold

• The Challenge of Diversification

• 5 Things to Know About 5X ETFs

• China, Betting It Can Win a Trade War, Is Playing Hardball With Trump

• The U.S. Is Tiptoeing Away From Many of Trump’s Signature Tariffs

• Will Bitcoin hit $200k in 2026?

• Homebuyers Are Scoring the Biggest Autumn Discounts Since 2019

• 29% of U.S. Home Purchases Are Made in Cash, Essentially Flat From a Year Ago

• The average new-car price hit a record $50,000. Can only the rich buy new?

• Underwater Car Loans Hit Four-Year High in New Sign of Distress

• The Toyota Camry is Much More Affordable Than 30 Years Ago

• Animal Spirits Fall Mug

Charts:

Tweets/Bluesky:

Gonna be a lot of uncomfortable conversations at year end when people ask why their portfolio manager or advisor doesn’t own any gold….been a menace this year!

— Meb Faber (@MebFaber)
7:36 PM • Oct 16, 2025

Who remembers those Fed balance sheet / S&P 500 charts? You don’t see those so much any more

— Mike Bird (@Birdyword)
7:21 PM • Oct 20, 2025

ONE TRILLION and with 2.5 months to go..  🔥

— Eric Balchunas (@EricBalchunas)
9:30 AM • Oct 15, 2025

Since 2020, the value of equities held by households has risen: 300% for households under 40, 542% for the final 50% of households, and 50% for the middle 40% (10-50%) of households.

via Citadel Rubner

— Daily Chartbook (@dailychartbook)
9:30 AM • Oct 16, 2025

Billion dollar companies with no revenues.

$RGC Regencell Bioscience
$QMMM QMMM
$DGNX Diginex
$TMC TMC the metals company
$OKLO Oklo
$TMQ Trilogy Metals
$ASTS AST SpaceMobile
$RGTI Rigetti Computing
$QS QuantumScape
$CRML Critical Metals
$LAC Lithium Americas
$PPTA Perpetua

— Lin (@Speculator_io)
9:24 PM • Oct 15, 2025

🚨 Morgan Stanley just dropped a list of 39 “National Security” stocks — and it’s basically a cheat sheet for the next decade of U.S. industrial dominance.

This isn’t your typical watchlist — it’s a who’s who of the companies the U.S. needs to stay ahead in energy, defense, and

— Dividend Talks on YouTube (@DividendTalks)
3:08 PM • Oct 15, 2025

Omg @awealthofcs what are we doing here?

— C (@casey_horrigan)
1:31 PM • Oct 15, 2025

People wildly underestimated how hard it is to be wealthy

The bull market has cooked everyone’s brain and reality is that most people will not come out wealthy on the other side. Many will be stuck as their paper wealth evaporates

Being sustainably wealthy is grueling. Requires

— Boring_Business (@BoringBiz_)
8:27 PM • Oct 15, 2025

Can’t believe it’s been two years since we brought audiobooks in Premium to Spotify. When we launched, we wanted to bring the format  to a whole new generation of listeners, and it’s working. More people are listening and discovering their new favorite authors every day, with

— Daniel Ek (@eldsjal)
3:21 PM • Oct 17, 2025

 

Recommendations:

• I Like Me

• Tremors

• Sneakers

Michael’s 10 Favorite Horror Movies:

• Deadstream

• Host

• Hell House LLC

• In The Mouth of Madness

• V/H/S

• The Dark and the Wicked

• Speak No Evil (2022)

• Green Room

• Eden Lake

• When Evil Lurks

Contact us at askthecompoundshow@gmail.com with any feedback, recommendations, or questions.

Follow us on Facebook, Instagram, and YouTube.

Check out our t-shirts, coffee mugs, and other swag here.

Subscribe here:

• Apple

• Spotify

---