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Animal Spirits Podcast

The Compound
Stock Market
Investment Strategies
Artificial Intelligence
Inflation
Tariffs
Private Credit
S&P 500
Investing
China
Fixed Income
Cryptocurrency
Ritholtz Wealth Management
Interest Rates
Housing Market
Bond Market
Bitcoin
Nasdaq 100
Etfs
International Stocks
Consumer Spending

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 watching. Look for new episodes every Wednesday morning. See our disclosures here - ritholtzwealth.com/podcast-youtube-disclosures/

PublishesTwice weeklyEpisodes819Founded9 years ago
Number of ListenersCategories
InvestingBusinessBusiness NewsNews

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Latest Episodes

On this episode of Animal Spirits: Talk Your Book, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠... more

On episode 482, ⁠⁠⁠Michael Batnick⁠⁠⁠ and ⁠⁠⁠Ben Carlson⁠⁠⁠ discuss: AI human extinction fears, the biggest AI risks, why things go viral, why the stock market is so confusing right now, how to think about bearish hedge fund managers, why bonds offer... more

YouTube

On this episode of Animal Spirits: Talk Your Book, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠... more

On episode 481, ⁠⁠⁠Michael Batnick⁠⁠⁠ and ⁠⁠⁠Ben Carlson⁠⁠⁠ discuss: how bull market gains have changed the markets, AI is crowding everything else out, when the next financial crisis will hit, Ray Dalio keeps scaring investors, the earnings boom, a ... more

YouTube

Key Facts

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Recent Guests

Christian Munafo
Head of Private Growth Strategies at VanEck
VanEck
Episode: Talk Your Book: Why Aren't There More IPOs?
Dan Chung
CEO and CIO, Senior Portfolio Manager at Alger
Alger
Episode: Talk Your Book: AI Winners & Losers
Brandon Clark
ETF Business Director at Federated Hermes
Federated Hermes
Episode: Talk Your Book: Cash Was Easy… Now What?
Matt Radgowski
CEO at Halo
Halo
Episode: Talk Your Book: The Alternative to Alternatives
Steve Schoffstall
Managing Partner and Head of ETFs at Sprott ETFs
Sprott ETFs
Episode: Talk Your Book: The Most Important Thing Nobody Owns
John Lewis
CMT Senior Portfolio Manager at Nasdaq Dorsey Wright
Nasdaq Dorsey Wright
Episode: Talk Your Book: Why Momentum Investing Works
Alona Gornick
Managing Director, Senior Investment Strategist at Churchill Asset Management (Nuveen)
Churchill Asset Management (Nuveen)
Episode: Talk Your Book: Private Credit’s Next Act
Ryan Issakainen
Senior Vice President, ETF Strategist
First Trust
Episode: Talk Your Book: Investing in the Power Grid
Ankur Crawford
Portfolio Manager, Alger Concentrated Equity ETF (CNEQ)
Alger
Episode: Talk Your Book: AI Is Not a Bubble

Hosts

Michael Batnick
Host of the show; long-time market commenter and co-host.
Ben Carlson
Co-host; known for market commentary and investment insights.

Reviews

4.7 out of 5 stars from 3.7k ratings
  • My heroes

    Ben and Michael, you are my financial heroes.

    Thanks for so many episodes

    Apple Podcasts
    5
    Oscarteenage
    Spaina month ago
  • Great guys to listen to, great show

    Tremendously entertaining and and chock full of cool info. Doesn’t hurt that I agree with much of what is said on the show. Don’t know what that says about me but the show is awesome!

    Apple Podcasts
    5
    KieranMTK
    United Statesa month ago
  • June15

    The hosts seemed so UNenthused by the guest . Mayne during a talk about EM bonds you could ask what yield he was getting . Not once was there any figure of yields he got in any time period so me as a listener who is learning got nothing out of this horrible interview

    Apple Podcasts
    3
    RieVa123
    United States3 months ago
  • Throwing out a positive review

    In the end, I trust these guys to make me laugh and learn

    Apple Podcasts
    5
    Cdeal89
    United States3 months ago
  • Munis

    Great interview with Ben Barber. I retired from the muni business and when the topic of bond funds vs individual bonds came up, I don’t think it was addressed completely. Bond funds never mature, you are at the whim of the manager regarding gains and losses and NEVER receive PAR (stated bond value) at maturity for your ownership. When you own the bond, you have the option to buy or sell, at your discretion to take gains or losses based on your tax situation, and have the option to hold to mat... more

    Apple Podcasts
    4
    Kfcswag
    United States4 months ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Occasional political commentary can polarize some listeners, but many value candid discussions.
Guests and topics are generally high-quality and timely, with practical takeaways for investing and portfolio design.
Listeners appreciate the mix of market insight and banter, finding the hosts entertaining and knowledgeable.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#32
United States/Business/Investing
Apple Podcasts
#161
United States/Business
Apple Podcasts
#25
Canada/Business/Investing
Apple Podcasts
#66
United Kingdom/Business/Investing
Apple Podcasts
#78
Canada/Business
Apple Podcasts
#231
United Kingdom/Business

Talking Points

Recent interactions between the hosts and their guests.

Talk Your Book: Cash Was Easy… Now What?
Q: For people learning about Federated Hermes, how can they find you guys?
They can visit FederatedHermes.com to learn more about the firm's income strategies, ETF capabilities, and how these products fit into advisory portfolios.
Talk Your Book: Cash Was Easy… Now What?
Q: Brandon, how do you see ETFs changing the income space for advisors and their clients?
ETFs provide a flexible toolkit that allows advisors to tilt portfolios toward income with more precise duration management and overlay strategies, such as selling calls and using option-based income to supplement distributions, all while controlling taxes and maintaining liquidity.
Talk Your Book: The Alternative to Alternatives
Q: Tell me a little bit more about the equity repair strategy.
Equity repair uses notes with defined downside protections and higher upside participation to address an asset class that has underperformed, allowing the client to potentially regain exposure while providing a built-in safety floor and a path to rebalance as conditions improve.
Talk Your Book: The Most Important Thing Nobody Owns
Q: How do you think about the relationship between commodity prices and the stocks of the miners?
There is a leverage effect where miners tend to outperform during commodity upswings and underperform when prices fall, due to operational leverage; however, improving balance sheets and prudent capital management have strengthened the link between commodity demand and miner equity performance.
Talk Your Book: The Most Important Thing Nobody Owns
Q: What are you delivering with SCTM in terms of exposure and diversification?
SCTM is a pure-play ETF providing exposure to nine critical materials through a single ticker, designed to give broad coverage across energy generation, transmission, and battery metals, without requiring investors to single out one metal, and it includes a rebalancing and scoring process in partnership with NASDAQ.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

Listeners per Episode
Gender Skew
Location
Interests
Professions
Age Range
Household Income
Social Media Reach

Frequently Asked Questions About Animal Spirits Podcast

What is Animal Spirits Podcast about and what kind of topics does it cover?

Two veteran market commentators discuss investing, markets, and life with a mix of data-driven analysis, personal anecdotes, and candid banter. Episodes span macro themes (AI, rates, inflation), portfolio construction (momentum, private credit, ETFs), and real-world storytelling, often weaving guest insights from asset managers, crypto firms, and research shops into accessible conversations. Notable strengths include a steady cadence, clear opinions, and a habit of unpacking complex topics for listeners who want practical takeaways and entertaining market commentary. The show is likely to appeal to finance professionals, advisors, and individual investors who enjoy a blend of rigor and personality, with occasional debates that can polarize ... more

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Which podcasts are similar to Animal Spirits Podcast?

These podcasts share a similar audience with Animal Spirits Podcast:

1. Ask The Compound
2. The Compound and Friends
3. Talking Wealth
4. The Meb Faber Show - Better Investing
5. Facts vs Feelings with Ryan Detrick & Sonu Varghese

How many episodes of Animal Spirits Podcast are there?

Animal Spirits Podcast launched 9 years ago and published 819 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Animal Spirits Podcast?

Recent guests on Animal Spirits Podcast include:

1. Christian Munafo
2. Dan Chung
3. Brandon Clark
4. Matt Radgowski
5. Steve Schoffstall
6. John Lewis
7. Alona Gornick
8. Ryan Issakainen

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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