E283: The Daily Peel | To The Moon
Wall Street Oasis
Wall Street Oasis
4.9 • 534 Ratings
🗓️ 11 January 2024
⏱️ 18 minutes
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| 0:00.0 | All right, well, good morning, Eves. Happy Thursday morning. |
| 0:15.0 | Hope everybody's doing well out there here today. |
| 0:18.0 | Hope you guys are personally doing well because, as you all know, markets are certainly not off to a hot start here today. Hope you guys are personally doing well because as you all know, markets are |
| 0:21.4 | certainly not off to a hard start here today. A CPI report looks like came in a little bit hot this |
| 0:26.1 | morning. So we'll definitely be talking about that a little bit in tomorrow's edition. Just for those |
| 0:30.7 | of you who may not have seen it already, 3.4% annual and about 0.4% for the month as well. So |
| 0:36.9 | definitely came in a lot harder than most |
| 0:38.4 | people were expecting. But it looks like it's causing a little bit of sell off on markets here |
| 0:42.0 | today, but it can't kill our mood because it is, of course, a beautiful Thursday morning |
| 0:46.0 | here on January 11, 2024. You guys already know what's going on here today. We're talking |
| 0:51.6 | everything related to the daily peel. We're talking everything markets yesterday and how it's going to be impacting things today and going forward. Of course, the big news of the day was that the SEC actually did approve the spot Bitcoin ETF. They managed to go a full day without getting their social media and Twitter accounts hacked. Very impressive stuff from a government agency, if you ask me. So that was great to see. They |
| 1:11.7 | actually did go ahead and approve this stuff. We'll talk about that in just a minute. But of course, |
| 1:15.6 | that's why we're on the mood here today, because retail investors can now officially buy |
| 1:20.2 | shares in Bitcoin ETF products, get that exposure super easily. So Grand Lawn, Cramp, I don't have |
| 1:25.2 | to set up a goddamn metamats wallet to be able to get exposure to this new area of finance and technology. Let's go ahead and dive into Daily Peel number 624 here. Of course, this is going to be relevant for January 11, 2024 once again. It is 12.4 p.m. here, so I should have said good afternoon, tall you heaps but either way hope everybody's doing |
| 1:44.3 | well out there today we're going to be talking about some fed BS more specifically the Fed |
| 1:48.8 | balance sheet but there is a reason that both of those start with BS we'll be going into |
| 1:52.7 | that and kind of everything going on there we got some strong commentary from it over the weekend |
| 1:56.6 | for the Dallas Fed president Laurie Logan then of course we got some major market movers, including intuitive surgical meta platforms, chewy and a bunch of others. And then finally, we'll get to the story of the day. And the reason that we're on the moon here, of course, being that spot Bitcoin ETF approval. All right, but look at this. I mean, is this not just the most beautiful thing that you've ever seen? All green for both the |
| 2:17.5 | day and the year. And the best part is that the WSO Alpha portfolio is still managing to outperform |
| 2:23.9 | just a little bit, except we are outperforming only the Dow Jones at this point now, up 52 basis |
| 2:29.3 | parts for the year, whereas our benchmark, the NASDAQ had a much stronger day that it's yesterday. |
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