meta_pixel
Tapesearch Logo
Log in
Wall Street Oasis

PCE Report Reveals Surprising Numbers! | The Daily Peel

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 1 March 2024

⏱️ 26 minutes

🧾️ Download transcript

Summary

WSO Weekly Wrapup - ⁠⁠Sign Up for the Newsletter Here⁠⁠ The Daily Peel - Sign Up Here

Transcript

Click on a timestamp to play from that location

0:00.0

All right. Good morning, Apes. We are coming actually live very late here today. It is approximately 2.16 p.m. here on this beautiful Friday. March 1st. Happy March, everybody. March 1st, 2024. The only March 1st, 2024 you're ever going to have in your entire life, and it's a Friday. So, might as well make the most of it out there. Go do something stupid and tell me about it next week. Anyway, you guys know what we're coming as you live with here today. It is, of course, the Daily Peel live from the Daily Peel Global Headquarters. We got edition number 658 out for you guys today. And, you know, I know I say every day that's the big one. We got a lot to talk about today. Today, that's probably never been more true. We're talking inflation and earnings, pretty much the only two things that market watchers actually care about right now. So if there was ever a daily appeal to read, send to your friends, get them on board.

1:31.3

This is going to be the big one. All right, but we can go ahead and get started here today. We got a lot to talk about. We have no financial fraud. We've no memes of the day or anything like that. So sorry to disappoint. But what we do have is the latest data on inflation in the inflationary data that the Fed actually gives a shit about because it's calculated by somebody with a brain, unlike the CPI report. So that's always good to see. We got some major shock movements of the day. My personal favorite thing, seeing AMC shares decline. So we'll obviously rip into them a little bit. And then finally, we'll finish things up by talking all things earnings for for q4 so far get our thoughts on what's going to be happening going forward for the rest of the year so stay tuned for all of that all right and if we go ahead and take a look at the

1:35.3

market snapshot here i mean this is honestly just embarrassing how close we are to the s mp 500 is

1:41.8

the smp 500 even a real index i mean the apes over at WSO Alpha are just about absolutely smoking this thing. We did underperform by a single basis point yesterday, but obviously that's some kind of an error on the S&P's part. We are underperforming by five basis points for the year so far, underperforming the NASDAQ by a whole lot more, but we don have to talk about that. Let's just go ahead and pretend it doesn't exist.

2:19.0

But the Alpha portfolio is still looking pretty good overall. Like I said yesterday, we did start to reallocate some of that cash. So if you want to see what those trades we're placing are, go ahead and sign up. You can find that on WSalfa.com. Go ahead and check things out there. We also do have our Tesla report said to be released over this weekend.

2:35.1

So if you want to make fun of me, you provide stupid takes on that. Got to sign up for this one. It's not going to be free like the Zillow report. Sorry to disappoint, but definitely stay tuned. You know, we are still seeing some strong movements from Bitcoin. Did fall back below that $62,000 level. But we're seeing Ethereum continue to absolutely rip getting up closer to the $3,400 range, which it hasn't been since years ago.

2:41.3

It was over 4,200 or something at some point, but it's been quite a while since we've seen

2:47.0

ETH up this high.

2:48.2

It took a lot longer for ETH to catch up and start seeing the gains that

2:51.0

Bitcoin did. But nonetheless, that's where we're at right now. It's actually even outperforming to the year. All right. Now, we can go ahead and take a look at some of the banana bits for the day. We do have more all-time highs to celebrate this week. Aves. The NASDAQ officially closed at a new all time high yesterday that was obviously great to see i just bought a nasdaq 20k hat so you'll see me

3:08.9

wearing that as soon as we hit that 20K mark. Hopefully it's sooner rather than later, but hopefully not too soon that the WSO Alpha portfolio doesn't get there beforehand. But either way, we're definitely excited to see it. Meanwhile, Elon Musk's Optimist robots are getting some steady competition already.

3:27.2

Some startup out of Silicon Valley, I think it was called Figures.

3:34.2

They're developing equally as creepy humanoid robots to come and ruin factories and take away even more jobs from hardworking Americans.

3:38.5

So stay tuned on that because it's going to be quite the development going forward.

3:41.6

And B. Riley Financial, kind of a holding company of a lot of different i guess financial based companies they are about to go bk they're about to get frank

3:47.2

castled from publicly traded markets they are looking at uh they're essentially looking into

3:53.0

selling a lot of different parts of their business so that they can avoid actually going bankrupt

3:56.8

so definitely go ahead and check out that story it It's not looking good for them over there. Just like we learned this morning, it is certainly not looking good for companies like New York Community Bank or even companies like Fisker, too, the EV company. Both will be talking about tomorrow or actually on Monday, but I've already written both parts for those. So of course, that was pretty hysterical to see. All right. And then finally, supply chain stress is back to pre-COVID-19

4:19.7

levels, according to Lizanne Saunders on Twitter. Don't really know how they track supply chain

4:24.7

stress. It's probably even worse than how they track the CPI data and inflation via the

4:29.7

CPI, but still, that's something that we're seeing as well. Looks like these companies can't use supply chains as an excuse anymore, but I'm sure they will going forward. So, oh, guys, we actually got a, uh, we got a solid advertisement in here today. Everybody go check out the academy here. I know you guys are dying to work in high finance. So if anybody wants that guaranteed,

4:47.7

go ahead and check out the academy. Nice and convenient today. You can get it on this. You can get it on this application tracker right here. I mean, Adkid, he's an absolute beast with it. He's out there sleuth in the internet all day. Strictly for open job applications. You're definitely going to want to have his contact info. So go ahead and check things out there.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Wall Street Oasis, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Wall Street Oasis and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.