E281: The Daily Peel | Congress Spending Deal
Wall Street Oasis
Wall Street Oasis
4.9 • 534 Ratings
🗓️ 9 January 2024
⏱️ 17 minutes
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| 0:00.0 | All right. Well, good afternoon, Apes, and happy Tuesday. It is a beautiful Tuesday here today. Every day is beautiful here at the Daily Field Global headquarters. But today, specifically Tuesday, January 9th of 2024 is even more beautiful than most of us expected. So we're definitely happy to be here. Happy that you guys can join us here today. And you already know what's going on. We are going through the Daily Peel. We got Daily Peel number 622 up today. We're going to be going over everything that's going on in markets yesterday. A little bit later start than usual today, but hey, better late than never. Markets were off to a bit of an interesting start. As always, you know, a little bit rocking on the doubt side. NASDAX, the only one that's actually in positive territory so far here today. And it looks like the Russell 2K and other small cows are getting absolutely brutalized |
| 0:55.3 | as usual. |
| 0:56.0 | They're definitely used to it at this point though, so we can't really feel too bad for them. |
| 0:59.9 | We got some interesting stuff to go over here today at the Daily Peel. |
| 1:03.0 | Some interesting stuff over the weekend, especially out of Congress. |
| 1:06.0 | You know, we spent so much time talking about monetary policy, but we got to talk about fiscal |
| 1:09.8 | policy as well. |
| 1:10.8 | So we'll be |
| 1:11.0 | down a bit to that here today obviously a lot of the stock moves that you guys love to see |
| 1:14.5 | the most importantly was some some interesting credit data came out over the weekend related to |
| 1:19.3 | December and that's exactly why we are where we are today because probably can't see it here |
| 1:23.4 | I'm going to knock over my green screen if I move too much but we're down at bankruptcy court |
| 1:27.4 | today it's where a lot of Americans are likely going to find themselves over the coming months as well because those bankruptcies, well, bankruptcies haven't been spiking yet, but debt burdens happen along with that. We might be able to see some bankruptcies going forward. Who knows, maybe even our first story congressional leaders will be down at bankruptcy court as well. They're certainly taking the United States there. And so we'll see exactly what's going on. But most importantly, today, me check this out, guys. How cool is this image thing right here? Way better than me just rambling on and on telling you exactly what the numbers were for the day prior. We wanted to showcase that's made a much easier, more digestible way. And as you can see, WSO-Alpha portfolio yesterday was up 1.31%. We did underperform the S&P on the day, outperform the Dow, way underperform the NASDAQ, but we are still outperforming our benchmark for the year. Keep in mind, guys, we benchmarked to the NASDAQ. Beating the SMP is just simply way too easy for us and the team of apes over there. So we had to up the challenge a little bit. And of course, we're always getting some interesting moves from Bitcoin and Ethereum. We do hold both Bitcoin and Ethereum in the WSO Alpha portfolio. So even if you are a bit of a crypto nerd, don't want to pay attention to the stops all too much. Definitely go ahead and check that out because there's some stuff in there for you. |
| 2:35.2 | Please speak a bit slower. |
| 2:36.3 | And I see that comment right there. Absolutely. I'm happy to speak a bit slower for you guys. I definitely get ahead of myself. So if anything's wrong, feel free to just let me know. And I could definitely chill out a little bit. So thank you very much for the comment and for the heads up there. All right, so Markets snapshot, like we said, you know, it was a pretty good day for the WSO Alpha portfolio. |
| 2:53.5 | Really good day for markets overall. |
| 2:54.9 | Yes. comment for the heads up there. All right. So markets now shot, like we said, you know, it was a pretty good day for the WSO Alpha portfolio. Really good day for markets overall yesterday, especially the NASDAQ. We were finally getting that rise. It seemed like a continuation of the December Santa Claus rally that we'd been getting used to over the past couple of weeks, but didn't actually get to experience it so far,24 so we were very glad to see that it's always |
| 3:08.7 | good to see a portfolio going higher but of course it was a great day for everybody that wasn't |
| 3:13.0 | named following or that wasn't on a certain alaskan airlines plane that we'll talk about in just |
| 3:18.1 | a little bit as well but before we get into any big news of the day we do have some headlight |
| 3:22.9 | stories that we wanted to go over. |
| 3:24.8 | Deforestation is ongoing and rapid over at Nike. But deforestation, of course, we mean their |
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