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Wall Street Oasis

E286: The Daily Peel | China's Economic Situation

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 18 January 2024

⏱️ 15 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. Good morning, Eves. Hello, everybody. It's been a while, but happy Thursday here. Glad to be back on live again here with you guys we had some difficulties in getting on the

0:21.1

live over the past couple of days but entirely my fault as everything we goes poorly here is so

0:26.3

definitely go ahead and blame me for that but we're very happy to be back and joining you guys

0:30.8

here today once again on the daily peel live stream so appreciate you all joining and reading along

0:35.9

you already know what's going on we're going over everything related to the daily peel on this beautiful, what they say, Thursday, January 18th, 2024.

0:45.4

Of course, today's peal is covering everything from yesterday on Wednesday, which was a far less beautiful day in markets than today is starting out to be so far.

0:52.8

But we'll definitely dive into everything and go over all the new stuff going on here at the DailyPeele with WSO Alpha and with everything else that's going to be going on. You guys may have noticed the observant apes out there may have noticed that today, DailyPit looks a little bit different. We get a lot of images, a lot of emojis going on and everything. It was pretty sweet. So basically the software

1:11.8

that we send our emails out with now actually allows us to incorporate emojis in there and

1:15.9

make things a little bit more readable has been one of our goals for this year so far. So instead

1:20.2

of hiring somebody who's actually good at writing and replacing me, we instead just decided to load it up

1:24.9

with emojis and images and other stuff like that to make it a little bit more readable for everybody. Speaking of that readability today, we are going to be going into everything related to retail sales. We have some data coming out in the United States for the month of December, so we'll see how all that's gone. Instacart, that random Trump stack that I forgot existed, both had relatively solid days. Yesterday were Spirit and Rivian.

1:45.0

We're absolute pieces of shit like they both usually tend to be.

1:48.0

Then of course we'll dive deep into some China economic situation going on over there.

1:53.0

They published from Statute for 2023 and of course being the second largest country and the second most populated country, definitely important to check out.

2:00.0

I mean, this is just depressing, however, on the other hand, the only thing that was up for us yesterday and up for the year as of yesterday were crypto markets. Thankfully, we do have some exposure within the W-F-So alpha portfolio to both Bitcoin and Ethereum, so you're not completely underwater, but as you can tell, Kear definitely hasn't been a good, well, yesterday it wasn't a good day, took us into negative territory once again for the year, but as you can tell, here, definitely hasn't been a good, well, yesterday wasn't a good day, took us into negative territory once again for the year.

2:21.3

But then Marcus decided to turn things back around today.

2:24.3

Obviously, nobody ever knows what's going on inside the head of the schizophrenic Mr. Market.

2:29.3

We can't really trust him at all.

2:30.3

We'll take it when he's going up.

2:32.3

Thank you to, or I guess, shout out to Apple for leading the charge here this morning and lifting the rest of the markets with them. Now, of course, we're diving into everything, like I said, related to China, related to retail sales and a couple of the stop movements. But be sure to go ahead and check things out on WSO Alpha as well. You're definitely going to want to make fun of us when the portfolio is down and get in on some of the gains when the portfolio is up. Of course, definitely sends you a real trade tracker. It sends you a you get access to the portfolio. It's a bunch of cool shit. Definitely just go ahead and checking out why you can, especially because that first equity research report is going to be free. We do have Tesla coming up in a couple of weeks as well. Stay tuned for that one. That one likely won't be free, but it's definitely something that you're going to want to check out. All right. Speaking of things to check out here today, we have the NAHB Wells Fargo housing market index. We might be reading about this a little bit more indefinitely yesterday because for the first time since fucking the stone ages it seems like we're actually

3:25.4

seeing some hope and some positive signals in the housing market overall that definitely

3:29.2

bodes well for a piece on zillow as well we definitely don't want to be super wrong on that

...

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