Aug 10 • 1HR 3M

Penn National Upgrades From Barstool to ESPN Bets

Open in playerListen on);

Appears in this episode

Reformed Millennials
The Reformed Millennials Podcast covers a wide ranging topic arc focusing on Sports and Investing. RM Pod is dedicated to identifying the latest trends in technology, sport and investing. We discuss the ways Millennials can leverage these trends to better invest their time, fandom and money.
Episode details
Listen in podcast app and follow below for the podcast topic arc.
  1. Market update

  2. What does PENN 0.00%↑ look like without Barstool

  3. Berkshire earnings

  4. Steve Jobs transition to Tim Cook

  5. Future of sports gambling and content production

  6. Sports franchise valuations

  7. Recommendations and Predictions

Listen on AppleSpotify, or Google Podcasts.

📈📊Market Update💵📉

Quick read on US CPI from Bloomberg!

We’re keeping the commentary short and sweet this week… but have some great podcasts and links to check out below!

US equities fell on Wednesday ahead of today’s July consumer price index report.

Technology (-1.51%) and communication services (-1.24%) lagged the broader market indices, while energy (+1.22%) and real estate (+0.20%) outperformed.

The Nasdaq lost 1.17%, while the "FAAMG" stocks dropped:

The 30-year and 10-year Treasury yields finished at 4.176% and 4.009% respectively, while the 2-year yield ended at 4.810%.

  • If you read anything related to stocks this week, I highly recommend Chris Bloomstran’s tweet thread on Berkshires most recent report:

What is everyone thinking about?

  1. US credit card debt just hit $1 trillion, a big flashy number, but entirely consistent with long term trends. This is not a sign that the US consumer is tapped out.

  2. US retail money market fund balances hit their own record recently, at $1.5 billion. This is a significant change from prior 40-year trends and bodes poorly for smaller US banks.

  3. US bank stocks have rallied by +1 standard deviation versus their long run track record. The easy money has been made.

Twitter links from the pod:

🎙Podcast & YouTube Recommendations🎙

  • Nick Kolas talks about how to value Tesla:

  • Steven Pinker talks with World of DAAS about humans vs. AI:

  • A great listen from the Founders Pod. Paul Graham is one of the most interesting people in venture capital

  • Bryson vs. Phil money game was a fun watch:

🔮Best Links of The Week🔮

  • Josh Brown Explains His Thesis On UBER 0.00%↑ - Reformed Broker

  • "Twenty-five years after the Cadillac Escalade launched General Motors into large, highly profitable luxury SUVs, the Detroit automaker is hoping a new all-electric version of the vehicle will ignite the same success for a new generation of luxury buyers. - CNBC

  • Where the market is for luxury watches - The luxury watch dealer

  • "European natural gas prices surged almost 40 per cent on Wednesday as the potential for disrupted global liquefied natural gas supply from Australia spooked traders betting on further price declines." - FT

  • AI: Video hits Home …as Meta shows, with Advertisers & Users


Investing in equities, fixed-income instruments and/or alternative asset classes involves substantial risk of loss. Any action you may take as a result of the information presented on this website, blog or in any Reformed Millennials Podcast (a “podcast”) is your own responsibility. By opening this page and/or listening to a podcast, you accept and agree to the terms of this full legal disclaimer. The information on this website, blog and in any podcast is presented as a general educational, informational and entertainment resource only. This website, blog and any podcast does not provide, and should not be construed as providing, individualized investment, tax or insurance advice, nor as containing any recommendation to buy or sell any specific securities or otherwise make any other form of investment, or take any tax or insurance decision. Nothing contained on this website, blog or in any podcast should be construed or interpreted by you to mean that an investment in any securities presented or discussed would be suitable for you in your particular circumstances. Joel Shackleton specifically disclaims that any viewer of this website, blog or any podcast should rely in any way on any of their contents as investment, tax or insurance advice or as an investment, insurance or tax recommendation. Viewers are encouraged to consult with their individual investment advisor and other financial professionals prior to taking any potential investment actions or making any insurance or tax decisions. The views and opinions expressed herein are the personal views and opinions of Joel Shackleton and any other specific contributor to the blog or podcast only and do not necessarily reflect the views or opinions of their Firm or any of its other registered individuals or employees in partnership with Joel and his guests. Joel Shackleton disclaims any obligation to update any of the information set out on this website or any blog or podcast going-forward.