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Today’s Animal Spirits is brought to you Betterment and YCharts**:** #
This episode is sponsored by YCharts. Visit https://go.ycharts.com/animal-spirits to start a free trial and get 20% off your initial YCharts Professional subscription (new customers only).
On today’s show, we discuss: #
Triple-Digit Club: A Wave of Stocks Have Seen Huge Gains in 2026The impact of the AI capex boom on S&P 500 return on equityMarkets are entering one of the most technically important periods of the year.America’s Economic Anxiety Is Rising Up the Income LadderThe age of the solopreneur“The Tech Stack Is Dead” — Jason Wenk on Rebuilding Advisor InfrastructureWorld Cup visitors are going viral for their reactions to everyday American lifeKalshi Plans Workplace Disclosure Rule to Combat Insider TradingThey Looked Like They Were Getting Rich on Polymarket–but None of It Was RealOwn the InternetFormer New York governor Andrew Cuomo to co-chair joint venture between NYSE owner and crypto exchange OKXSocial SecurityGoogle Invests $75 Million in A24 to Develop AI-Powered Filmmaking Tools
Listen here: #
Charts: #
Recommendations: #
Tweets/Bluesky: #
NEW: Retail investors are pouring into U.S. stocks at a record pace.
According to Citadel Securities, the day of SpaceX’s blockbuster IPO marked the largest single day of net retail stock buying ever recorded by the firm, which handles roughly 35% of U.S. retail trading volume.…
[pic.twitter.com/KJnCvfviTr]— Frank Chaparro (@fintechfrank)
[June 17, 2026]
Per
[@VandaTrack]:Retail's single-stock net buying has fallen to the lowest (on a 3-day rolling basis) since COVID
[pic.twitter.com/XmXln8sLqI]— Kevin Gordon (@KevRGordon)
[June 15, 2026]
History didn't stop at $10 billion.
The Roundhill Memory ETF
[$DRAM]surpassed $20 billion in AUM in just 54 days, approximately half the time of the previous record holder. Another milestone that further establishes[$DRAM]as the fastest-growing ETF ever launched. *As of…[pic.twitter.com/zqfdLB7E4n]— Roundhill Investments (@roundhill)
[June 18, 2026] BofAI: Consumer spending momentum is remarkably robust, with total card spending rising 5.1% YoY in May – the strongest growth in nearly four years
Note: this is from BofA Institute. publicly available
[pic.twitter.com/in7DyDulFk]— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi)
[June 11, 2026]
They are putting DATA CENTERS in the ocean now.
Panthalassa, a startup from Portland, just raised $140 MILLION.
what they do: build floating platforms that sit out at sea and run AI. no power grid needed. the ocean waves make all the electricity. the seawater keeps the chips…
[pic.twitter.com/iv2cOj2uza]— shirish (@shiri_shh)
[June 18, 2026]
A technical dive inside our new "Midjourney Scanner"
[pic.twitter.com/wJBHz2O7ro]— Midjourney (@midjourney)
[June 18, 2026]
This is the primary source of prediction market nihilism.
Two years ago, prediction market volume was > 90% Politics + Economics.
Today, those same categories are under 6% of total volume.
The onus is on venues to create novel products that surface novel + useful information.
[pic.twitter.com/bZt2Sw7r31]— Ryan Chern (@ryanchern)
[June 21, 2026]
When do home sales finally return to normal?
How long does lock-in prevent home sales?
What happens to home sales if rates stay at 6.5%?I get asked these a lot so I worked with Compass economist
[@JonahCoste]on the model for the next few years.Two illustrations:
[pic.twitter.com/FhSNMVrg8D]— Mike Simonsen 🐉 (@mikesimonsen)
[June 17, 2026]
BOX OFFICE: Pixar’s
[#ToyStory5]opens with $160M (domestic). That is… – The biggest opening of 2026
– The biggest opening for a Toy Story movie
– The 2nd biggest opening ever for an animated movie
– The 2nd biggest opening ever for Pixar behind The Incredibles 2, which has a new…[pic.twitter.com/BERW8fWRJR]— Erik Davis (@ErikDavis)
[June 21, 2026] Follow us on Facebook, Instagram, and YouTube.
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