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Wall Street Oasis

Here's Why You Won't Afford Buying a House Soon | The Daily Peel

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 29 February 2024

⏱️ 21 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, Gapes. Hello, how's everybody doing today? Hope we're all having a fantastic Thursday here. You know what we're coming at you with. It is the Daily Peel's live stream once again.

0:22.2

Everybody's favorite live stream for everybody's favorite investment and finance newsletter here.

0:26.5

Shout out to everybody joining us on the live. Love to see you guys loading in here. And of course, shout out to everybody later on listening on the podcast, listening on the YouTube channel.

0:34.4

Thanks to those who leave likes and comments, everybody else, you're basically dead to me. So unless you leave a like or comment, might as well hop off because otherwise you're not helping. So go ahead and help us out and help me keep my job here. We're all in this together, right? After all right, none of that's out of the way. You guys, once again, you know we're here with. We got Daily Field number 657 here. We're talking everything

0:54.6

markets yesterday. What's going to be moving markets for us here today? So we did get a big

0:59.2

inflation report here this morning that seems to be spoken investors just a little bit. We'll be

1:03.6

diving deep into that tomorrow. But before we step on all of our content, let's go ahead and talk

1:07.9

about what's going on today. So it is, of course, 1153 a.m. Eastern Standard Time here on this beautiful Thursday, February 29. It's Leap Day, everybody. February 29th, 2024. It's the first February 29 since 2020. That's always a fun reminder that we're in an election year whenever it's a leap day. We won't see this again until 2028. So enjoy it while the last guys let's see it all right but let's go ahead and see what we're talking about today so of course we had to go back in on the housing market you know we haven't ruined everybody's hopes and dreams about buying a house in a couple of days or a couple of weeks here so we figured we might as well get that on that train because we need some good pessimism to spread.

1:44.4

I mean, I'm a big advocate for spreading hate and misinformation. And of course, this is one of my favorite things to do with the daily appeal. All right, then going on down into some of the stock movements of the day. Beyond Meat really sold the show yesterday. I mean, we'll be talking about that. we'll definitely be giving you all of our very strong thoughts on Beyond Mead and some of the other movements

2:01.7

I saw yesterday too then of, of course, finishing up with digital asset prices. We got Bitcoin ripping absolutely through the rope. We'll be talking about that later on as well. Stay tuned for all of our thoughts or expectations. As we speculate wildly on price action of Bitcoin and what could potentially happen next, let's go ahead and take a look at the market snapshot for the day. So as you guys will notice,

2:21.9

WSO-Alpha portfolio being another day being an absolute Chad, airing the team on its back.

2:27.5

We lost about two basis points yesterday, whereas the S&P 500, Chad, a pathetic, embarrassing,

2:33.0

17 basis points. So we did outperform by 15 bits on the day

2:36.4

yesterday. And now we're on the cusp of absolutely humiliating the managers of the FMP 500.

2:42.0

They're outperforming them once again. We're at 6.86% whereas the SMP is at 6.89%. So we are still

2:48.5

slightly underperforming on a year-to-date basis.

2:51.2

Trust me, that is not going to last for very long because the SPMP is pathetic. You know, performing it is one of the easiest things I've ever done in my life. I don't know why everybody doesn't just do this. Now, performing the NASDAQ, that's a bit of a different story. We are down compared to the NASDAQ by much more. there are 8% on the year, whereas once again, we're up about 6.86%.

3:08.2

A lot of this once again is to do with our huge cash pile, which we actually did start to reallocate yesterday. So everybody signed up to the WSO alpha subscriber list. Did get an email yesterday with our latest trade activity. A lot of movement going on. We got a lot of reallocation to do going forward to make sure you sign up if you

3:24.2

want to stay tuned on all of that we also have our tesla report that's going to be coming out over this weekend so everybody stay tuned for that as well i know it's not in the month of debruary guys what can i say it's been a it's a big company it took us a while to get that report done so definitely stay tuned for that because i promise you a lot of you are going to have a problem with our take.

3:41.4

And as usual, we want all the smoke. Foxfly, what is up, my guy? I still haven't responded to your message on LinkedIn, but I promise I'll do that. Probably at some point today, maybe tomorrow we'll see if I remember after this live stream. That, of course, Dinesh BTC to 100K, definitely getting bullish over there. the price action lately would 100% support that thesis, but we'll talk about them much later on. So we're ready to get those fingers ready to start hating on my opinions. All right, guys. But let's go over some banana bits of the day before we get into anything else. Salesforce, they did get a bit of a mixed reaction to their earnings report yesterday, gave lower guidance guidance but they did pretty solid for the

4:14.3

corner overall there really is nothing you can do to make mr market happy so this still wasn't good

4:19.3

enough and then of course we have mr freezy face Mitch mccoddle himself he's dipping out of

...

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