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Wall Street Oasis

Elon Musk & SEC Coming Face-to-Face | The Daily Peel

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 12 February 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

All right. Good morning, Apes. Thank you guys again for joining us here today on the Daily Peel's live stream. You already know what's going on. We're coming at you live from the Daily Field Global headquarters. Obviously, I got to include a screenshot of my night last night, hanging out with some of my friends at Super Bowl 58. What a game. I mean, the NFL is completely rigged. I think that's the big thing that we've learned from that game yesterday, but hey, still a great time. Hopefully you made some money on your bets i personally wouldn't know what

0:38.2

that's like to have a bet hit but hopefully your portfolio did a hell's long there and my either way

0:43.2

you guys know what's going on here today we are talking all things markets how we closed out last

0:47.5

week on friday before we get into it let's do a time check here it's approximately 1150 a m here on this

0:53.9

beautiful monday february 12th 2024 once again thank you guys for joining a time check here. It's approximately 1150 a.m. here on this beautiful Monday, February 12,

0:56.0

2012, 24. Once again, thank you guys

0:58.0

for joining us here on the live and shout out to everybody

1:00.0

listening on the podcast, watching later

1:02.0

on YouTube. Make sure to like and subscribe

1:03.9

and all that other nonsense that we

1:05.7

creators just beg for.

1:08.0

So make sure to like and subscribe so that I

1:10.0

can keep my job. That would be absolutely phenomenal. So shout out to you guys in advance for your help. All right. Now, we didn't mention much about the Super Bowl here yesterday. We're going to be going deep into it into tomorrow's edition. But of course, I am hanging out with my good friends here. Such good friends, in fact, that I know who about four of these people are. Obviously, we got the Queen Taylor Swift. I'm pretty sure this is Ice Spice. Somebody can probably correct me if I'm wrong on that. I feel like an old man already. And then, of course, we got Jason Kelsey and Mama Kelsey up in the upper right hand corner. I have no idea who these other people are. But if you do, definitely let me know if I should be paying attention to this stuff. But either way, what a game yesterday. Shout out to the Kansas City Chiefs for winning once again, Pam Homes clutching his third Super Bowl MVP award. But I think the real game of the day yesterday was the puppy bowl, obviously. I mean, I don't know if you guys watched this matchup between Team Ruff Team Fluck once again, but Team Ruff is officially four and three all time against Team Flup since records began. And of course, want to congratulate Moosh for winning the Puppy Ball MVP, the most valuable pup. Great game. Definitely go watch the highlight reels for that one as well. That one we can be sure is not rib, very much unlike the NFL and habit, Taylor Swift's boyfriends team, just automatically win the Super Bowl. All right, interesting stuff. Definitely going to be talking more about the Super Bowl tomorrow, but for now, let's go ahead and dive into today's edition. So first and foremost, we're talking about Bank of America reports on a consumer or basically a consumer credit and debit checkpoint. Consumers are feeling good. They're spending well as well, and that's always what we love to see. But a little bit rocky on the headline spending number, diving it a little bit deeper. We see that it's actually not as bad as we might think. So we'll be talking about that in just a minute. Then, of course, NYCB and a bunch of other stocks are giving investors whiplash.

2:51.6

We'll get into that. We'll be giving you our takes on things like Pinterest and the other pieces of shit out there.

2:56.6

Then of course, everything confidence down at the very end with the American economy.

3:00.6

Really is the confidence economy right now. So today's edition is a lot about confidence.

3:05.6

We'll be diving into that in just a moment. But before we do, of course, we want to check in on the market snapshot here. So as you guys can see, WSO Alpha portfolio of about 5.42% for the year, had a relatively weak day to close out on Friday, compared to the S&P and the NASDA. We kind of use a hybrid of the two of them for a benchmark because we're just too nervous to pick one or the other because we don't know if we're going to be able to beat one of them, but we're certainly going to try to beat both of them. It's a little bit tough in the current market right now, though, given that our portfolio is heavily allocated into cash. We're still eating up some of those incredibly high yields while we can. Obviously, the SNP and the NASDAQ don't have any cash exposure. And so given them the past few months, I've been relatively strong for equity markets. That's kind of one of the reasons for our underperformance so far. We're looking to deploy about $35,000 worth of cash in the coming days. If anybody's got any recommendations, shoot them my way. We'll definitely either make fun of you for how stupid the idea is, or, you know, we'll take it around from it and pretend like it was my own idea. All right, moving on down below and some banana bits of the day here. You know, I did want to include a link to a, like, an ESPN or a Bleacher Report article discussing the Super Bowl here. but if you saw the condition that I was in coming home

4:14.5

from the Super Bowl last night you would understand why I forgot to include that so we'll be talking

4:19.1

about it much more tomorrow some of the stories of the day however Bank of America a lot of Bank

4:23.7

of America stuff in today's edition but they came up and said that small caps might be at a turning

4:28.2

point here things are looking good for them definitely check out that chart there from Daily Chartbook once again.

4:33.7

That Jeff Bezos, Mr. Imso himself, is dumping shares.

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