In the present day’s Animal Spirits is delivered to you by YCharts and ClearBridge Investments:
This episode is sponsored by YCharts. Obtain High 10 Visuals right here And begin your free YCharts trial by Animal Spirits (new clients solely) right here.
In the present day’s present is sponsored by ClearBridge Investments. Worldwide and rising market shares outperformed the U.S. in 2025. At ClearBridge, we consider this momentum can proceed. Discover out extra at https://www.clearbridge.com/
On at present’s present, we talk about:
Hear right here:
Charts:

Suggestions:
Tweets/Bluesky
OOPS! The stoop in Japanese bonds deepened, sending yields hovering to data as buyers gave a thumbs all the way down to PM Sanae Takaichi’s election pitch to chop taxes on meals. Japan’s 30y yields rocketed 26bps in direction of 4%. pic.twitter.com/NzsbWQhnXV
— Holger Zschaepitz (@Schuldensuehner) January 20, 2026
30y Treasury yield 4.0944% pic.twitter.com/ve3izTfY1Q
— Kevin Gordon (@KevRGordon) January 20, 2026
Family steadiness sheets are in one of the best form they have been in … Checks notes. Ever.
Sure, there’s plenty of debt, however there’s much more fairness. Remember the dominator.
But another excuse our economic system is on agency footing. pic.twitter.com/eehN0AYbpW
— Ryan Detrick, CMT (@RyanDetrick) January 17, 2026
Observe us on Fb, Instagram, and YouTube.
Try our t-shirts, espresso mugs, and different swag right here.
Subscribe right here:
Nothing on this weblog constitutes funding recommendation, efficiency information or any suggestion that any specific safety, portfolio of securities, transaction or funding technique is appropriate for any particular individual. Any point out of a specific safety and associated efficiency information just isn’t a suggestion to purchase or promote that safety. Any opinions expressed herein don’t represent or suggest endorsement, sponsorship, or suggestion by Ritholtz Wealth Administration or its staff.
The Compound, Inc., an affiliate of Ritholtz Wealth Administration, obtained compensation from the sponsor of this commercial. Inclusion of such ads doesn’t represent or suggest endorsement, sponsorship or suggestion thereof, or any affiliation therewith, by the Content material Creator or by Ritholtz Wealth Administration or any of its staff. Investing in speculative securities entails the chance of loss. Nothing on this web site ought to be construed as, and might not be utilized in reference to, a suggestion to promote, or a solicitation of a suggestion to purchase or maintain, an curiosity in any safety or funding product
