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Wall Street Oasis

E285: The Daily Peel | 2024's First Inflation Report

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 12 January 2024

⏱️ 17 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

Good afternoon, Apes. Thank you guys so much again for joining us here today on the Daily Peel live stream. You already know what it is. We are coming at you guys live from the Daily Field Global Headquarters. We're talking all things, markets, all things that we can make money on really. I mean, whatever that may be. And specifically today, we're starting off on a relatively somber note. Not necessarily just because markets are having out, a bit of an off off day as earnings start to roll off, because this man right here the man of the myth

0:38.2

the legend himself mr bill bellichick he's the coach of the new england patriots long time readers

0:43.0

know that i'm a boston guy big patriots fan very sad to see mr bill leave meant to link to it in the

0:49.4

in the appeal as well uh because you know for those that don't know bill bellich, he is widely regarded as the greatest coach in the history of the NFL. He retired slash got fired this week. The Patriots organization are hurting ways with him. But it wasn't just Bill as well, the greatest college football coach of all time, Nick Saban of Alabama, as well as Pete Carroll, some nothing coach out of Seattle, all retired as well. Pete Carroll's a good

1:12.4

coach too, but he's absolutely nothing compared to Mr. Bill Belichick. So we just had to bring this up

1:16.6

first and foremost in our live stream because we forgot to link to it in the actual edition. And you'll

1:21.0

see that when we get down to the Bananavit section today. But shout out to Mr. Belichick and all

1:25.5

the Patriots fans out there. Definitely let me know how much you love or you hate him as we go throughout this. And we can dive right into the appeal here today. All right, now that I'm trying about losing the greatest coach in NFL history, we can dive into daily peel number 625 years. Still can't believe it's been 625 additions, but we got some good stuff going on here today.

1:48.8

You guys already know we got the inflation report yesterday. We'll be starting off talking about that and then of course some major movements in markets going forward. Then Chad GPT is doing

1:53.6

some interesting stuff over there that we can't really figure out exactly what's going on or why

1:57.9

they might be doing it at this point. But we're definitely going to talk about it and do our favorite thing, which is, of course, to speculate wildly. Let's go ahead and take a look at how assets moved yesterday. Certainly not as beautiful as the day prior when we were all green. We had some down performance from the S&P as well as from Bitcoin yesterday, which is pretty ironic given that the Bitcoin ETS just launched. We're actually writing about that right now. We'll be talking about that a good bit on Monday, so definitely stay tuned on that front. The WSO Alpha still had a relatively solid day, managed to outperform our benchmark being the NASDAQ for the day, which was pretty much flat, outperformed all the major indices, and that, as you guys can see, we're not outperforming anything besides the Dow on the year, neck and neck with our benchmark being the NASDAQ.

2:39.0

But shout out to the apes over there.

2:40.8

They are absolute great temperature IQs.

2:43.2

I cannot stress that enough, but somehow they managed to get the jobs done.

2:46.8

I guess if you put a monkey in front of a typewriter,

2:49.1

they're going to press the right buttons eventually,

2:50.8

and it seems like that's what the team over there is doing.

2:53.4

All right, but if we go ahead and take a look, guys, definitely remember to go ahead and check out WSO Alpha. The portfolio is live. Our first equity research report is going to be published over this weekend. So definitely go ahead and check things out there. You can sign up at this link right there. And that, of course, today did feel like Christmas morning once again with all the earnings reports that were coming in. Before we dive into the bit out of bits, let's go ahead and take a look at how that's going so far. Guys, if you go to this website, Zach's Ehrman's calendar, they do a really good job of just kind of summarizing the very basic information about earnings. kind of point you in the right direction on that front. I like to order it by market account to see the most important ones up top. But if you go ahead and scroll through, another cool thing to do is see the most dramatic price changes after the reports. We will definitely be talking about quite a lot of these on Monday, as I'm sure you guys can already imagine. But as you can see, it's been a fairly pathetic day for companies like Delta Airlines, United Health, and Wells Fargo. We got a bit of a split going on. We'll definitely be diving into bank earnings. Let's go ahead and get back over to the banana. See, there's only three in here today, and that's why I have Mr. Belichick behind me. Shout out in homage or whatever hell out where it is to all those coaches that retired. but essentially what we're seeing is a big gas merger between two of the giant gas tights here in the United States. They're making an absolute behemoth within the industry. So confirming the 2024 is already off to a hot start in terms of M&A. But of course, we also saw the spot Bitcoin ETS launch yesterday. That was the real story of the day. And like I said, we have certainly going to be talking about that quite a bit on Monday. So I hope all you crypto balls are ready because we're definitely going to be trying this shit on you. Then, of course, finally, I don't know if you guys saw this. This happened pretty late in the day yesterday. But the US and the UK started firing back at Houthi rebels out of Yemen. It's not like there's an all-out war or any kind of huge escalation going on, but essentially

4:34.8

some ultimatum was violated.

4:36.4

I'm certainly not a geopolitical expert, but some interesting stuff going on over there.

4:41.2

All right.

4:41.5

So let's go ahead and dive into the macro monkey section as well.

...

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