On episode 438 of Animal Spirits, Michael Batnick and Ben Carlson discuss: the problem with the K-shaped economy narrative, are young people screwed, the benefits of bubbles, the rate cutting cycle, OpenAI, Las Vegas, how to fix the housing market, restaurant stocks are getting killed, the degen economy and more. Today's show is brought to you by Xtrackers by DWS. Find out more at https://xtrackers.com For more from PIMCO, check out: https://www.pimco.com/us/en/insights/tariffs-technology-and-transition Animal Spirits audience survey: https://www.surveymonkey.com/r/P6T79NB ► 00:00 - XTrackers Ad ► 00:48 - The K-Shaped Economy ► 18:12 - The Stock Market ► 30:15 - The Cutting Cycle ► 34:16 - Back to the Stock Market ► 37:44 - Investor Behavior ► 39:13 - The Economy ► 45:25 - Crypto ► 48:45 - Real Estate ► 54:05 - Entertainment ► 58:57 - Random ► 1:03:04 - Recommendations 👕 Check out The Compound shop: https://idontshop.com 🎙️Listen to our podcasts: TCAF: https://podcasts.thecompoundnews.com/show/TCAF/ Animal Spirits: https://podcasts.thecompoundnews.com/show/animalspirits/ Ask The Compound: https://podcasts.thecompoundnews.com/show/ATC/ The Compound Newsletter: https://www.thecompoundnews.com/subscribe Linkedin: https://www.linkedin.com/company/the-compound-media/ Instagram: https://instagram.com/thecompoundnews Twitter: https://twitter.com/thecompoundnews Tik Tok: https://www.tiktok.com/@thecompoundnews Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. #thecompound #investing #stockmarket