E268: The Daily Peel | Frozen Housing Market
Wall Street Oasis
Wall Street Oasis
4.9 • 534 Ratings
🗓️ 12 December 2023
⏱️ 19 minutes
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| 0:00.0 | All right and good morning, Aves. |
| 0:08.0 | Happy Tuesday to everybody out there. |
| 0:10.0 | As you guys can see, I am once again back at home at the Daily Peel Global Headquarters. |
| 0:14.5 | Of course, today, that location has to be on the disclosed because we are back at the Daily |
| 0:18.3 | Peel Global Headquarters here on this beautiful Tuesday, December 12, 2023. We got a lot going on here today. It's looking like a pretty good day for markets. Overall, we're responding to some inflation data and everything else here this morning. We won't be talking about that. We're getting into the action of yesterday. We're going to come on tomorrow. It's going to be a nice big long one for you guys with a CPI report, whole bunch of other stuff, |
| 0:39.7 | getting ready for the FM to come on tomorrow. It's going to be a nice big long one for you guys with a CPI report, whole bunch of other stuff, getting ready for the FOMC meeting on Wednesday. Today we made a little bit of a shorter daily peel, which I'm sure you guys all enjoyed because we want to give me wrap for all that long. But we can go ahead and dive into things here today. Like I said, happy Tuesday to everybody. Today is Tuesday, December 12th. |
| 0:55.4 | I think already went over that. If I could figure out how to scroll this screen, we can get |
| 0:59.0 | things going here. So in this issue with appeal, we got American consumers were striving |
| 1:03.0 | on their inflation expectations. So definitely check that out. We'll see how close that came to |
| 1:07.6 | the actual CPI report for last month. Not that that matters at all, not that they're connected in any way, but just because it's a fun game of speculation and nonsense. And that's our favorite thing here at the day of the field global headquarters. Moving on down below, we got a bunch of stocks moving big time for you guys yesterday. We got a big move for Macy's. We'll definitely dive into that. It seems like the story of the of the day. |
| 1:27.7 | It was the story of the week prior to the CPI report here this morning. And then, of course, we got some data from CBRE showing that it has literally never been more expensive to own a home as opposed to renting an apartment or renting a home. But we'll get into that down below because I'm sure a lot of you enjoy living in houses, much like I do, and I don't want that to change anytime in the future. But we'll dive into that and see how unlikely it's going to be for all of us for anybody. Really, that's not a boomer to be able to purchase a home within the next decade, two decades, probably seven decades as well. It's going to be tough, and so we'll go over all that stuff. We'll commiserate together as our favorite thing to do is. Now, we did get some, you know, decent movement from markets yesterday. NASDAQ gain 0.2% while the Dow's 43 basis point gain led for the session. We had a lot of selling off from the big, you know, megacab tech stocks and everything. Big selling off day for them. So it was very much a surprise to see the NASDAQ actually rose, but we had a lot of unlike strikes going on. Obviously a positive side for markets going forward to see that Perath kind of all come together. It's not a great time when things like they've been for most of 2023 are incredibly top heavy and you're seeing basically |
| 2:34.4 | the largest seven stocks carry the rest of the team carry all the gains so seeing this underlying |
| 2:39.1 | strength on a day like yesterday was a pretty positive side in terms of going forward for market |
| 2:43.3 | expectations but how do wso alpha do of course they did trash congrue to the rest of the market |
| 2:48.8 | underperform the NASDAQ by one basis point getting 19 19 bibs for the session. We also did get some brokerage reports for the past month as well. You guys know this is a real money portfolio. This is actual dollars that we're putting at play here. And so we got the brokerage report from Schwab. That's who we use as our broker. We got a 7.86% gain in the month of November. Pretty solid gain. It was slightly below the S&P, slightly below the NASDAQ as well. But hey, we're definitely not going to complain about an 8% gain, although we did underperform. That's kind of part of the course with the team of WSO Alpha. I'm sure they're going to have a few choice words for me after seeing this, but hey, |
| 3:25.6 | that's the game of life. |
| 3:26.6 | And most importantly, that's the game of markets. Let's go into some big stories of the day that we didn't get a chance to talk about. So as I've kind of alluded to all week here, it is a big week in terms of data in terms of news going on. We get the CPI print today. We'll go over that a little bit as well, |
| 3:40.0 | but we don't want to step on too much content for tomorrow as well. |
| 3:42.5 | Good to keep you guys on your toes, right? |
| 3:44.1 | We also have anI print today. We'll go over that a little bit as well, but we don't want to step on too much content for tomorrow as well. |
| 3:42.5 | I'm going to keep you guys on your toes, right? We also have an FOMC meeting coming up on Wednesday of this week. |
| 3:48.0 | current odds of a hold are at 99.7%. So definitely a big one there. |
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