Today’s Animal Spirits is brought to you by Pacer and Ycharts:
On today’s show, we’re diving into some interesting discussions:
Listen here:
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Tweet/Blue Sky
Amazon PER: 29x
Walmart’s PER: 46x
Costco PER: 54x— Ed Elson (@edels0n) February 9, 2026
Year-to-date, 60% of S&P 500 stocks have outperformed the index, compared to less than 35% in each of the past three years. pic.twitter.com/SzZxXgrzdj
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) February 5, 2026
$DIA This year, the Dow Jones has reached ATH and is leading all flows on Friday as it orbits around the SPX.
— Eric Balchunas (@EricBalchunas) February 9, 2026
The GS basket, made up of the most shorted stocks, rose 8.8% on Friday…its best day since April 2025.
— Kevin Gordon (@KevRGordon) February 9, 2026
BofA: Hyperscalar capex as a percentage of operating cash is expected to rise from 65% in 2025 to nearly 90% in 2026.
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) February 8, 2026
This year, there has been a sharp increase in inflows into fields other than technology.
— Gunjan Banerji (@GunjanJS) February 6, 2026
I’ve come across multiple thoughts on the current market sentiment. For instance, major crypto accounts are expressing it as pretty bleak—quite the contrast, considering we’re not facing a recession. I mean, imagine if stock prices really took a dive. It’s a bit concerning, don’t you think?
I’ve also been pondering why a $3 million home is a status symbol, while a $3 million portfolio isn’t seen the same way. It’s kind of odd how society prioritizes appearances over genuine financial health.
Anyway, if you’re interested in some merchandise related to our show, there are various items you can check out. Just remember, keep everything in perspective and consult with your advisors about investments. It’s so important not to jump in blindly; there are risks involved.
Oh, and one last thing; while I say all this, remember it’s not investment advice. Just a reminder to think critically and make informed choices.
