Animal Spirits: We Have to Talk About Sports Betting

Animal Spirits: We Have to Talk About Sports Betting


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On today’s show, we discuss:

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Recommendations:

Charts:

Tweets/Bluesky:

Quantum Beverage $QUBT is a $3B company that trades more daily dollar volume than Intel $INTC but with less revenue in forward projections than a single Chick-Fil-A location. https://t.co/7rMxf45mxN

— Consensus Media (@ConsensusGurus) June 11, 2025

437 ±1% days and counting.

The 2020s are on track to be the most volatile decade in market history.

But here’s the twist… The S&P 500 is up over 80% since 2020.

Big moves. Big gains.

Not the combo we’re used to.

https://t.co/GefTCgARz0 pic.twitter.com/7zStYCqq5F

— Grant Hawkridge (@granthawkridge) June 13, 2025

The top 1% own 51% of stocks

The bottom 50% own 1% pic.twitter.com/jJVENsMMXA

— Mike Zaccardi, CFA, CMT (@MikeZaccardi) June 14, 2025

 

Restaurant & bar retail sales down by -0.9% in May … worst since February 2023 pic.twitter.com/zjxgDInPbR

— Kevin Gordon (@KevRGordon) June 17, 2025

Errata: I didn't have the most recent forecast from Goldman in the above table; they're at a December start to cutting, not July. pic.twitter.com/OpR4lE2ajQ

— Nick Timiraos (@NickTimiraos) June 11, 2025

It's surreal just how big Polymarket has gotten pic.twitter.com/iXT52YQkEY

— Shayne Coplan (@shayne_coplan) June 13, 2025

bitcoin is currently $105,300

if you want to buy on coinbase, they charge $106,900. if you want to sell, it’s $103,950.

WTF?!?

— lynk (@lynk0x) June 14, 2025

Circle made about $200m after paying out incentives in 2024.

Trading ~162x those figures now.

Market can’t get enough stablecoin exposure. https://t.co/w9BeMSWzYY

— Zaheer (@SplitCapital) June 16, 2025

Ingvar Kamprad was the founder of IKEA

He was worth close to $60 billion at the time of his death

I really love some of his frugal habits

– He drove a 1993 Volvo for two decades
– Purchased clothes from flea markets
– Got his haircut in foreign countries
– He flew coach pic.twitter.com/1K016HdJ7o

— Dividend Growth Investor (@DividendGrowth) June 10, 2025

'SPACEBALLS 2' may have already revealed its title nearly 40 years ago: https://t.co/bItgSrVUt3

— ScreenTime (@screentime) June 13, 2025

#MastersOfTheUniverse has wrapped production.

via Nicholas Galitzine pic.twitter.com/RXN0ZTESW8

— Rotten Tomatoes (@RottenTomatoes) June 16, 2025

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