Inflation is blowing up the bullish thesis

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Business, News, Commodities, Debt, Investing, Macroeconomics, Gold, Personal, Uranium, Oil, Economics, Business News, Geopolitics, Industry, Crypto, Stocks, Curzio, Trading, Finance, Research, Investments, Tokens, Talk, Crisis

4.5 • 1.1K Ratings

🗓️ 14 February 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Happy Valentine's Day! First, I take a victory lap for another successful Super Bowl prediction… sort of: , and I was right! I highlight why this was one of the best Super Bowls in recent memory—despite the fact that my beloved Eagles should have won… and the NFL is a bunch of a**holes who should be ashamed of themselves. Turning to the markets… The latest Consumer Price Index (CPI) data came out this morning. I break down why the numbers cripple the bullish thesis… and how consumer habits are about to change. More bad news for the bulls: Earnings estimates keep coming down… and I expect several quarters of lower earnings. I explain why this—combined with several other risk factors—is creating a recipe for disaster. Bottom line: This market should scare the hell out of you. … In this episode The NFL is a bunch of a**holes [0:30] How this morning’s CPI data hurts the bullish thesis [9:45] The “earnings recession” is just beginning [13:50] Why this market should scare the hell out of you [21:15] [30:40] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox each week: Wall Street Unplugged podcast is available at: --: itunes.apple.com/us/podcast/wall-street-unplugged-frank/ --: www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 --: www.curzioresearch.com/category/podcast/wall-street-unplugged/ : twitter.com/frankcurzio : www.facebook.com/CurzioResearch/ : www.linkedin.com/in/frank-curzio-690561a7/ :

Transcript

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0:00.0	Wall Street Unplug looks beyond the regular headlines, heard on mainstream financial media
0:07.0	to bring you unscripted interviews and breaking commentary direct from Wall Street, right
0:11.6	to you on Mainstrum.
0:12.6	Let's go down there, it's February 14th at the Valentine's Day.
0:20.0	I think I just have to Wall Street Unplug pockets where I break the headlines and…
0:26.5	Tell you what's really moving these markets.
0:33.7	To what was I right or was I right?
0:36.2	If you listen to my simple prediction, which was to mortgage your house and put everything
0:40.2	you own on the chiefs, stuff like the Eagles will win and cover, then you should be sitting
0:46.3	very pretty right now.
0:48.9	But if you did do that, hopefully you put a nice bet on it.
0:53.6	If you did, sit in pretty again, but invite me to your house for dinner and beers,
0:57.7	when I mean your neighborhood, then we'll call it even.
1:00.4	It's like the ultimate guarantee bet every single year.
1:04.0	It hurts a little bit more because it's my Eagles and I love the Eagles, but what a
1:08.5	Super Bowl.
1:10.3	What a Super Bowl up to the holding call at the end of the game, which ended the Super Bowl
1:14.4	when the minute 50 left, on the worst calls I've seen a championship game, and it's not
1:17.9	because I'm an Eagles fan, I'd say the same if it was reversed.
1:21.0	And here's why.
1:22.4	Because you have people on TV and the guy admitted Bradbury, admitted that call and
1:26.3	said, yeah, hold them a little bit.
	...

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