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Today's Animal Spirits is sponsored by Franklin Templeton and ClearBridge:

This episode is sponsored by Franklin Templeton. Learn more at franklintempleton.com/activeETFs.

This episode is sponsored by Clearbridge. A healthy economic backdrop should continue to support broadening equity leadership going forward. Learn more at https://www.clearbridge.com/

Animal Spirits:

On today’s show, we discuss:

• Markets Are Still Sanguine About the Oil Outlook

• Odd Lots: Rory Johnston on How Oil Could Surge to Over $200 a Barrel

• How the Oil Trade Rippled Across Wall Street in a Chaotic Week

• JPMorgan warns on the first "persistent signs of weakness" from retail traders in 2026

• Key findings about how Americans view artificial intelligence

• Agents Over Bubbles

• For Young New York Job Hunters, Entry-Level Roles Are Vanishing

• Taiwan's Modern Miracle

• Lower Jobs & Higher Gas Means Steady Mortgage Rates

• Cliffwater $33 Billion Private Credit Fund Redemptions Reach 14%

• Private Credit's Liquidity Squeeze Puts Lenders in a Tight Spot

• The $40 Billion Game of Youth Sports Has Only One Winner: Dick's Sporting Goods

• Who's really ordering all that DoorDash?

• Yes, Americans Are Saving Enough for Retirement

Charts:

Tweets/Bluesky:

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Recommendations:

• Sisu 2

• Fargo

• DTF: St. Louis

• Rooster

• Undertone

• The Gales of November

• Talking Wealth 

• Exhibit A's new feature

Contact us at animalspirits@thecompoundnews.com with any feedback, recommendations, or questions.

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