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Wall Street Oasis

E256: The Daily Peel | Japan's Economic Woes

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 16 November 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

WSO Weekly Wrapup - ⁠⁠Sign Up for the Newsletter Here⁠⁠ The Daily Peel - Sign Up Here

Transcript

Click on a timestamp to play from that location

0:00.0

Good morning, Apes, and welcome to another edition of the Daily Peel live stream here.

0:10.0

Once again, we're coming at you a little bit later than we would like to here.

0:13.0

It is 1041 a.m. on this beautiful Thursday, November 16, 2023.

0:19.0

Like I said, we're coming at you live from the Daily Peel Global Headquarters. We're going to be reviewing all things markets yesterday, everything that you should care about that happened in markets yesterday. Although we are getting started already today. We've seen a little bit of movement already here this morning. We're going to go back and circle back, I should say, using the proper corporate

0:38.2

bullshit lingo. We're going to circle back to yesterday. It seems going on. Seems driving these

0:42.1

movements here today. And we can make sure that we're all on the same page and ready to make

0:45.9

some money here. Now, in this edition of the Daily PO, we're going to be talking about some

0:50.8

important economic data that was dropped yesterday. We get the retail sales report, which very coincidentally comes during the same week that all the retailers are reporting.

0:58.0

It's almost like they want to sort of distract themselves or kind of obfuscate themselves by just releasing all this data at the same time.

1:06.0

It's almost like they don't want you to see something there.

1:08.0

Pretty coincidental if you ask me.

1:10.0

Speaking of which, that's what we'll be talking about when we get into some stocks later on. Both right, both rotten. You know how it goes. Target of VF Corp had a solid day, but TJX was just wishing they were part of the Cool Kids Club. Where's down below? We'll finish up with a story about Japan. You know, we always talk about the largest economy in the world in the U.S., the second largest in China. Nobody ever pays attention to their little brother, the third largest economy in the world, Japan. But we'll get into all that more down below. Before we do, let's recap to another main stories of yesterday. Obviously, the biggest thing that happened in markets that everybody was freaking out about was obviously the sound quality of the Daily Peel live stream. To apologize for that, guys, it sounded like I was on the Titan submarine. I promise I wasn't this time. I don't think I ever do anything like that after seeing what kind of shenanigans with down this most recent time. But either way, we do apologize for the echoing and anything else that came along with that. What we won't apologize for, however, it is a 1.17% return that the WSOF portfolio achieved yesterday. We're going to be including that in all of the headers for now on. We're going to let you know exactly how the portfolio is doing on a daily basis so that you can make fun of us, make money with us, and just stick around for the party to exactly what's going on yesterday we did

2:17.9

place one trade it was an absolute miracle move of brilliance from the phenomenal analysts and portfolio

2:23.3

managers over the alpha team i'm just kidding it was absolute garbage what they did do is they

2:28.2

saved a 93% loss it turned that into a 90% loss by selling peloton yesterday on a big pump that it had for absolutely

2:35.5

no pair of reason. Still have no idea how that company hasn't been bankrupt or bought yet. But either

2:40.2

way, I just want to give a quick shout out and thank everybody over WXL Alpha for saving us from a 93%

2:47.2

loss and trying to let it just a 90% loss. Great work, guys. Please keep it up.

2:52.4

Treasuries were pretty boring. I mean, the overall market was boring as well. It was a fairly flat day with the Dow leading. Anytime the Dow leads, you know something boring is going on.

3:01.4

Treasuries, we describe them as slightly more exciting, put that the very relative statement. The 10 years back around 4.5 and the 2 year was approaching 5% once again.

3:11.3

And we've seen some movements in those already here this morning that we'll be happy to get into tomorrow.

3:15.3

We did get an update on mortgage rates yesterday again.

...

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