Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts and see what they have to say about the biggest topics in investing and finance!
►00:00 – Intro
►04:30 – Gridlock – “Control of Congress Remains at Stake as Democrats Fend Off Anticipated ‘Red Wave’”
►09:11 – Goldman on Inflation – GS strategist sees Core PCE getting cut in half over the next year to 2.9%.
►21:56 – Hero Worship – “Elon Musk is a genius.”
►25:40 – FTX’s Balance Sheet – None of this could have happened had FTX been regulated as a broker-dealer, which it was clearly operating as.
►35:53 – Retail Earnings -Walmart raises year outlook on strong results for Q3. Approved A new $20B share buyback.
►41:17 – Twitter Chaos – Can any advertising platform survive this? Especially in a softening economy?
►47:22 – Make the Case
►50:00 – Mystery Chart
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📈 Josh and Michael use YCharts when creating visuals for this show, as well as for many aspects of their business. What Are Your Thoughts viewers can get a 20% discount for YCharts by clicking here (new users only): http://go.ycharts.com/compound
Musk is a smart guy, but twitter is a ridiculous investment and shows that he is irrational and impulsive which is good on one side but is self destructive on another aspect
5:07
I dont know anything about politics, i guess senators are harder to displace…
Yeah but you do know about numbers and how there are hundreds more house members than senators
Because of the Macro environment, people are less excited about metaverse. Once macro improves, everyone would be open to participate in metaverse.
Tech layoffs are just the first domino. That industry is the top of the funnel for most others during the past decade.
Trolling on mastodon is known as masto-baiting.
Sam from FTX is the Elizabeth Holmes of Crypto. People just had lazy DD and invested because the 'other' guy had to already do it Example: Sequoia capital
What do you call it when you debate with someone on Mastodon?
Elon’s intelligence: just look at the operating margin of Tesla vs its competitors. 4x higher.
I would make some check on Masterworks, looks kinda shady boyz
Twitter is like AOL in 2002.. long past its prime.
44:35
46:46 Did he say Fetaverse? Jesus, how cheesy…
Agreed, Micheal is always in rush and listens to no one.
Smart, but a but of an A-Hole as well.
Is it just me who thinks that?
So, the Goldman's estimate do they see what Cathy Wood sees rapid deflation coming and being the next problem for the economy?
Batnick is always in such a rush to get through this show lol
Michael badnik needs to slow down a little bit he's always in the rush for some reason. I still love the show don't get me wrong. Also please don't hate me
I enjoy the show generally but perhaps best not to comment on political news. Not that I disagree in principle with any comments, nothing came across as too partisan either way, but just the level of gross ignorance of key facts was startling. For example it is almost incredible that Michael thought Herschel Walker "won."
Michael is obviously a very smart guy but that was a stunningly unaware comment. Just wow.
FTSE 100 is mostly international earnings and the pound has sunk. plus big oil exposure. ,
Does Reversion To The Mean apply to Genius as well?
"Read my lips, no new taxes" was Bush's downfall.
Batnick seems liberal, interesting
Target is showing how inflation is hitting the breaks on the economy and how the consumer is going to slow down. Holiday price cuts. Housing dead. It’ll drop.
MB Josh: Get Carson Block (Muddy Waters) on your show for 1.5 hrs, if you can. Would be fantastic!
1998 Moomba reference totally made this video.
Man – I just heard Josh's comment re FTX on CNBC, "its like a sex cult for weird nerds in the Bahamas", my sides still hurt! Legend.
I think warren Buffett was right again with bitcoin.
you guys acting like the FTSE being flat to slightly up is a good thing…remember the pound was around 1.40 a year ago so if you factor in about a 20% currency decline where does that put them?
"Russia is bombing Poland"… Real apes
I thought Josh had said that he lives on Long Island?
You don't "ease off the break" you ease off the gas.
And in a world where we can buy a wars worth of weapons, monkey mugshots, and single family homes en masse, I want rate hikes. I want to call bullshit on everything damn thing and it all goes up like crypto in a seemingly greater fool theory house of cards.
Tax me, please.
UKRAINA!! Boom 💥 Poland!! You !! Get your facts right!!
WMT @39:30 Time savings using curbside pickup is the real reason sales are up- not just lower prices. It is better selection, better price,better on-line ordering/curbside pickup experience.
Crypto is a scam