---

Today’s Animal Spirits is sponsored by Fidelity and Janus Henderson Investors:

This episode is sponsored by Fidelity Investments and the all-new Fidelity Trader+, Fidelity’s most powerful trading platform yet. Learn more at http://www.fidelity.com/TraderPlus

This episode is sponsored by Janus Henderson Investors. Learn more at https://www.janushenderson.com/

---

Animal Spirits:

On today’s show, we discuss:

• Why the Stock Market Makes No Sense Right Now

• I took no pleasure in that 📈😬

• “Look Through” the Hormuz Shock if You Want. U.S. Inflation is Still Running Hot.

• Sorry, Gen X. We Looked at the Data, and You Had It Rough Too.

• Beyond the Sky

• Austin’s Surge of New Housing Construction Drove Down Rents

Charts:

Tweets/Bluesky:

Twitter tweet

Twitter tweet

Twitter tweet

Twitter tweet

Recommendations:

• The Pitt

• A Big Bold Beautiful Journey

• DTF St. Louis

• Your Friends & Neighbors

• Rooster

• Crawl

• Paradise season 2

• Beef

Contact us at animalspirits@thecompoundnews.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

---