Episode
Talk Your Book: Animal Spirits Live with F/m Investments
- Podcast
- Animal Spirits Podcast
- Published
- May 4, 2026
- Duration seconds
- 3395
- Processing state
not_requested
Actions
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Summary
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Alex Morris from F/m Investments for a live show recorded in Washington D.C. that covers inflation, the Fed, AI, tax alpha and much more. Definitions of terms from the episode - AG Index: Evaluates the performance of agricultural sectors across different regions. Basis point: Is used to indicate changes in the interest rates of a financial instrument. SALT Deduction: SALT stands for State and Local Taxes. The SALT deduction allows taxpayers to deduct these taxes from their deferral taxable income. Alpha: Measures an investment’s performance relative to a benchmark index. Tax Alpha: The difference between a portfolio’s after-tax return and the after-tax return of benchmark. Coupon: A periodic interest payment made to bondholders Russell 2000: Is a stock market index that measures the performance of 2,000 small cap companies in the U.S. Options: Financial derivatives that give the holder the right, but not the obligation, to buy or sell an asset BDCs: Stands for Business Development Company, a type of investment firm. BDCs primarily invest in small and mid-sized businesses REITs: Stands for Real Estate Investment Trust, a company that owns, operates, or finances income-producing real estate Par: Stated or face value of a financial instrument, primarily bonds and stocks GFC: Stands for Global Financial Crisis, which refers to the severe worldwide economic crisis that occurred in 2007-2008 AGG: iShares Core U.S. Aggregate Bond ETF, which tracks the performance of the U.S. investment-grade bond…