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Wall Street Oasis

E271: The Daily Peel | The AI War Continues

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 14 December 2023

⏱️ 22 minutes

🧾️ Download transcript

Summary

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

Transcript

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0:00.0

All right, well, good morning, apes, and happy Wednesday morning.

0:09.8

Yes, it is still morning over here in the eastern, east coast of the United States over here.

0:15.4

We are coming at you live from the Daily PL Global Headquarters.

0:18.4

It is Wednesday, December 13th, 1144 AM. Marks

0:22.4

are off to a relatively mixed start, but still pretty good, mostly trending upwards here

0:26.4

today. We got a lot of news yesterday that things are training on. We're leading up into that

0:30.9

F-1C meeting here later on this afternoon. That's just about two hours away. So markets are a

0:36.1

little bit trepidious going into that.

0:38.1

It's usual to not see a whole lot of action in the morning leading up to an event like that,

0:41.9

even though this isn't quite the Super Bowl meeting that a lot of the last ones over the past couple of years have met,

0:46.7

because there is literally 100% odds according to market weighted probabilities of the Fed holding interest rates here.

0:53.6

Definitely feel free to go make some bets

0:55.1

on cashier on polymarket. If you think let's get I disagree, they definitely give you some great

0:59.1

odds. But we get a lot to talk about today. So let's go ahead and get right into it. Thank you all

1:05.0

for joining us as usual here. What we're talking about today. So of course we got the CPCI report

1:10.0

yesterday. We got the real earnings report as well, which we didn't talk about in the written edition, but we're going to talk about it a little bit here today on the live stream. Then we're going to go ahead and move into some of our big movers of the day. We had Kava going, not because of anything good, but just because of some financial trickery. Well, not trickery, financial financial engineering let's call it you know

1:27.5

let's be nice for tennet we had zillow had a relatively good day oracle and lucid far from the same

1:33.2

thing but then we go down below and we see that there's a lot of action going on in the ai funding market

1:38.3

whether it's for the companies themselves for the employees of these companies a lot of action

1:42.8

going around it's artificial intelligence so you know there's going to be a lot of action going around its artificial intelligence.

1:45.1

So you know there's going to be a lot of dollars involved. Let's go ahead and see how Carpitz did overall for the day. Now, it wasn't a terrible day. It definitely wasn't anything to write home about. The Russell 2K took a sudden dive towards the end of the day, not necessarily a dive. I mean, they finished out 10 basis points. It was essentially flat.

2:01.1

While the other indexes were moving higher for the day, we had to switch a route from the day prior, where we saw a lot of underlying breadth where large-cap, mega-cap stops, really sold off. Yesterday was a complete opposite. It was back to what we've kind of seen throughout 2023 with the major or mega caps leading the way.

...

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