Today’s Talk Your Book is sponsored by State Street:

To learn more about State Street Investment Management click here: statestreet.com/IM

On today’s show, we discuss:

The rapid growth of the ETF industry and where the new money is coming from
The rotation away from Mag-7 toward small caps, industrials, and international and what structural forces are driving it
Why the AI capex cycle is starting to look a lot like the TMT bubble and how investors are pricing in winners and losers
Why strong earnings growth has kept the market resilient in the face of geopolitical risk and inflation concerns
What drove the doubling of US corporate profitability this century and whether those tailwinds can last

Animal Spirits:

Animal Spirits Podcast

Animal spirits is a show about markets, life, and investing. Join Michael Batnick and Ben Carlson as they talk about what they’re reading, writing, listening to and…

podcasts.thecompoundnews.com/show/animalspirits

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