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The Compound Podcasts:

On today’s show, we discuss:

• Memo From the Chief Economist: Lament of a Bear

• Beware CAPE Crusaders: Limitations of Shiller's Ratio in Modern Market Valuation

• CAPE Fear: Why CAPE Naysayers Are Wrong

• Global Wealth Report 2024

• Behind Bitcoin's Rally Is a Simple Fact: Supplies Are Limited

• A Michigan roofer's smart plan to end the housing crisis

• The 50 Best Airplane Movies, Ranked

Charts:

Tweets:

The S&P 500 is up 29% in total this year

The worst peak-to-trough drawdown was just 8.4%

There have been 56 new all-time highs

That’s a new high 1 out of every 4 trading days

There have been just 3 down days of -2% or worse

What a year

— Ben Carlson (@awealthofcs)
3:05 PM • Dec 5, 2024

The bubbles on the left are US publicly traded companies that are less than 50 years old with a market capitalization of $10B+. The bubbles on the right are the same but for the EU.
Great visual from @amcafee‘s newsletter.

— César A. Hidalgo (@cesifoti)
4:55 PM • Dec 2, 2024

Here’s a time-lapse of net assets in single-stock leveraged long ETFs, broken down by reference stock. Aggregate net assets have risen 12x over past 12 months. Single-stock ETFs referencing NVDA ($7.4B), MSTR ($4.8B), and TSLA ($4.0B) account for ~85% of all assets.

— Jeffrey Ptak (@syouth1)
4:34 PM • Dec 2, 2024

Blackrock, Fidelity, Microstrategy and the U.S. Government among the top 10.

Just as Satoshi intended.

— Tyrone V. Ross Jr. (@TR401)
12:26 AM • Dec 7, 2024

Largest amount of liquidations since the FTX insolvency on $BTC now spot buyers stepping in hoovering up the liquidation cascade.

Thanks for playing

— McKenna (@Crypto_McKenna)
10:34 PM • Dec 5, 2024

Boy was this a sad thing to read. This is going to stick with me for a long time.

si.com/college-basket…

— Chris Vannini (@ChrisVannini)
3:01 AM • Dec 6, 2024

Recommendations:

• The Agency 

• Say Nothing 

• Home Alone 

• Beetlejuice, Beetlejuice

• Interstellar 

• SkinCare

• BlinkTwice

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