On episode 442 of Animal Spirits, Michael Batnick and Ben Carlson discuss: huge losses in the Nasdaq 100, 2026 outlooks, OpenAI, 401k millionaires, consumer spending vs. a slowing labor market, money without meaning, price cuts on housing are accelerating, baby boomer riches, Netflix and Paramounts vie for Warner Brothers and more. This episode is sponsored by NEOS Investments, Exhibit A, and Fidelity Trader+. -Explore NEOS Investments’ award-winning lineup at ⁠https://neosfunds.com -To book a 20 minute demo of Exhibit A with Chart Kid Matt, click this link: ⁠https://calendly.com/matt-exhibitaforadvice/20min. Or, start a risk free 7-day free trial: https://exhibitaforadvice.com/register -Learn more about Fidelity Trader+ at: ⁠https://www.Fidelity.com/TraderPlus ► 00:00 - NEOS Ad ► 01:08 - Exhibit A Ad ► 02:27 - Stock Market ► 19:25 - Fidelity Trader+ Segment - International Stocks ► 21:51 - Investor Behavior ► 31:21 - The Economy ► 35:20 - Inflation ► 40:19 - AI ► 42:42 - Crypto ► 44:09 - Real Estate ► 48:25 - Personal Finance ► 49:40 - Streaming & Entertainment ► 1:00:00 - People Love Nostalgia ► 1:01:52 - 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 NEOS Disclosure: Investors should carefully consider the investment objectives, risks, charges and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus containing this and other important information, please call (866) 498-5677 or view/download a prospectus at https://neosfunds.com. Please read the prospectus carefully before you invest. An investment in NEOS ETFs involve risk, including possible loss of principal. NEOS ETFs are distributed by Foreside Fund Services, LLC. 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