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Wall Street Oasis

E277: The Daily Peel | 2023 In Numbers

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 2 January 2024

⏱️ 17 minutes

🧾️ Download transcript

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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 hello, everybody. It's been a while since we, we, you know, join together and discuss markets and everything here. We missed you guys over the past week or so, but certainly hope you had a very happy, healthy holiday season. Hopefully not too healthy, especially over this past weekend, of course. I mean, any wise eaves out there still recovering from New Year's Eve, nothing but respect for a tough scene if you had to go back into the office today, of course, but certainly best to look forward that. Speaking of being back into the office, that is why we are back coming at you live again here this morning. We are back in the DailyPio Global headquarters today after being, you know, away a couple of different places. It just wasn't ideal to be going live. We wouldn't want to treat you guys with anything less than the optimal experience. So we did take off the week for the holiday season in terms of going live and everything. Hope you guys still enjoyed the written editions every day. But of course, happy New Year to everybody. And thank you guys once again for joining us here today. Probably be a relatively quick conversation given that, you know, there really hasn't been too much going on in terms of major news or anything else like that. We've been doing a lot of, you know, year-and-round-up conversations, getting us prepared for the new year. Hope you guys like the Platinum Banana Awards. Let me know where I was completely wrong if we should include any additional ones next year. Always looking for you guys as input on how we can make the daily appeal even better for our wise apes out there so let's go ahead and take a look at what was going on in the addition here

1:31.5

today now like i said not a whole lot going on this uh this weekend or anything we did want to

1:37.7

kind of summarize some important numbers and everything else that was going on in 2020

1:41.5

give us a little bit of context for exactly where we are heading

1:44.4

into the new year. I mean, what better way to start? Let me go ahead and zoom in on this a little bit so that we might be able to read it a little bit better. So in this addition, of course, we're going to be talking about some of the most important numbers from the year. We obviously got some major movements on Friday. Despite the lack of volume, you know, there was still a lot of volatility across different areas of the market coin base and lift definitely had an ugly

2:03.6

seed we always love to make fun to those two companies, so can't wait to do that with you guys here. And then, of course, finally, we dove into some sports betting because what better weekend, what better time of year to be celebrating sports betting? I'm down here in north carolina myself where sports betting just became

2:18.6

legalized it was legalized a little while ago but now the market is officially open let me know

2:22.9

what i should be placed my bets on if you guys are into that kind of stuff of course you are

2:26.2

it's degeneracy and that's what we're all about here at the daily keel so can't wait to get even more

2:30.6

involved in that sense so in our market snapshot snapshot, of course, we wanted to include

2:35.2

some data on exactly what was going on at 2023. Friday was a pretty shitting way to end off the year.

2:42.0

It was overall a good year of 24.23% for the S&P, a much higher for the NASDAQ great year for

2:47.6

you know, mega cab tech stocks. What else is new? That's pretty much how everything is every year. But we definitely got a showcase of that last year. So it was interesting to see, even though we didn't end on exactly a very good note, still a good year overall. So alpha portfolio, things were looking pretty good. I mean, surprisingly good by those room temperature IQ apes over there. the option portfolio did return about 32.23% for the year, beating the S&P 500 by missing our benchmark. We use the NASDAQ because we like the challenge. We want to be even more degenerate than most active managers are. So that's what our benchmarking, excuse me, off the NASDAQ there. So we did underperform. We'll have to get this year. I mean, it probably will. We'll see what happens. But we're going to try our best for you guys and definitely be sure to join us along the way. We have our first equity research report that's going to be released this very week because you're definitely going to want to stick around and see that, see what company it is. And of course, tell those eights how wrong their opinions are, but we can't wait to hear what you guys think. Now, unfortunately, Japan did stumble into the new year on a relatively tragic and unfortunate note. 7.6 magnitude earthquake evacuations are still ongoing, I'm pretty sure. Basically, the big fear is that a tidal wave or some kind of tsunami could come and, you know, really fuck shit up like it did a couple of years ago. That is the technical meteorological term, by the way, is fuck shit off because that's exactly what earthquakes and tsunamis tend to do. Now, unfortunately, most of us did give report cards and transcripts and school and everything. I know it was nothing but a source of disappointment from my parents. I'm sure it's the same thing for you. But presidents and our elected officials don't really get anything like that. Despite that, the Wall Street Journal did try to give one for Jill Biden there. So if you have a subscription, definitely worthwhile. Go to check that out. Called football playoffs this weekend. I mean, we saw a big win from Michigan, went into OT. Great on that front. But unfortunately, for people like me who are more longhorns fans, there was absolutely no hooking on this weekend. They did end up giving off that game, although it was right down to the wire at the very end, but definitely some questionable calls by the referees. Hopefully you guys made some money on those games at the very least, even if your team didn't win. But hey, either way, let's go ahead and dive into kind of the main story for the day. So, 2023 and numbers, we wanted to do some review of some of the most important data that happened last year. Give us a little bit of context of exactly what the hell's going on coming into 2024. We'll pretend like we know what's going on here because at the end of the day, who really does? I mean, we certainly don't know what's going on in terms of keeping track of the year. You know, it did just become 24. Over here in the Gregorian calendar, shout out to Pope Gregory, by the way, but in a bunch of different other places in the world, it's a totally different year. I don't know if they actually use this in practice or anything, but I kept seeing this all over the place.

5:22.5

So hopefully you aren't too sick of hearing facts like that just to get this year, but it's always going to be stuff like that.

5:27.7

And then, of course, what we said at the top in, you know, saying things like, we're just as close to 2040 as we were under 2008 and all that crazy shit right there.

5:35.6

Definitely get used to it because there's going to be a lot more of that coming.

5:38.6

Hopefully the years between now in 2040 are much like this year in terms of equity market performances, however, turned 24.23% in 2020, from the S&P 500. We shed out the other indexes above, but then we go ahead and take a look at how that pairs up historically. that is the 22nd best year on record for the S&P 500 since, you know, the end, it's launched in about 1928.

5:59.5

That is, you know, right in line with, you know, a lot of other years that we've seen recently.

6:04.5

If you go ahead and look at, you know, different periods throughout equity market history, we see over the past decade or so, we've been drastically outperforming that average on out, you know, quite a few years. And it's something

6:15.3

that's been out interesting to see. It's one of those ideas of volatility clustering. But so

6:19.3

we'll see that's going to be able to continue going forward. But that equity market performance

6:23.9

was largely supported by a couple of other kind of base effects in the overall economy. Of course, unemployment is still near 50 year loans. You guys are doing a great job out there,

...

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