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Wall Street Oasis

E272: The Daily Peel | Interest Rates' Lower For Sooner?

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 15 December 2023

⏱️ 25 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, hey, good afternoon to all you apes out there. It is afternoon today. It is about

0:10.7

1209, 12.10 p.m. It actually just changed 12.10 p.m. Eastern time here on Thursday, December 14th,

0:18.0

2003. And we are, of course, coming at you live with the Daily Peel from yesterday.

0:23.2

As you guys can see, we are definitely not at the DailyPo Global Headquarters today.

0:27.1

We are on the moon, just like everybody else, most importantly, just like the Dow hitting all-time highs yesterday.

0:33.1

We're going to get into that in just a quick second here.

0:35.5

Now we're coming at you guys a little bit later on today. So let's go ahead and just take a quick look at how markets are doing so far here. I don't know why this page is a loading, but it looks like we're having a bit of a choppy session. We open much higher, starting to take a little bit lower here. But that's not what we're talking about today. We are going to be talking about everything that was going on yesterday. Most importantly, of course, going to be that Fed meeting and the market subsequent reaction. We had a lot of movements from stocks going on as well. Let's go ahead and go back over to the newsletter so you guys can see what I'm talking about here. So of course, we're going to start out with the FOMC holding rates just like everybody in their mother knew that they were going to do so that was great to

1:11.7

see i mean any kind of divergence from the expectation there probably wouldn't have been a great

1:16.0

result but either way regardless of what happened with the fed vertex farm and u.s steel they were going to

1:22.0

have a good day regardless and we'll kind of get into exact what's going on why meanwhile on the

1:26.2

other side another farmistock fizer had a very tough day in Etsy it's definitely not looking good over

1:31.2

there despite this being their busiest time of the season we're going to finish off with

1:35.3

some bank of america data they released a consumer checkpoint earlier this week as well

1:39.3

we'll go ahead and dive into that and figure out how much money we are all wasting together

1:43.6

on our Christmas

1:44.6

items and all that good stuff. Now, getting into some index movements yesterday that occurred,

1:50.7

obviously it was a great day following that Federal Reserve meeting. No surprise to see equity

1:55.2

markets rise, but it was a bit of a surprise to see the Dow hit officially its all-time high

2:00.8

yesterday, crossing with 37,000 threshold for the first time member. This is kind of a surprise to see the Dow hit officially its all-time high yesterday crossing with 37,000

2:02.6

threshold for the first time. Remember, this is kind of a like a 10-year view going back to 2012 there.

2:08.5

But if we go ahead and dig a little bit deeper, by the way, guys, trading view, great, great source to

2:13.8

use for all your charting needs here. Some good stuff. And as you can see, for the first time ever just yesterday, we crossed above this 37,000 threshold. I mean, now I know that my Dow 100,000 hat wasn't a waste of money because we're clearly on the way there. Despite the fact that nobody should care about the Dow, it's only 30 stocks, it's waiting on price. and it's basically useless, especially in this modern age, where we can know a lot better

...

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