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Wall Street Unplugged - What's Really Moving These Markets

These scientists believe climate change is NOT a threat

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

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

4.6 • 1.1K Ratings

🗓️ 13 September 2023

⏱️ 32 minutes

🧾️ Download transcript

Summary

Frank is out of the office, so I (Daniel) am taking the reins on today’s show. The latest Consumer Price Index (CPI) data is in—and the sharp rise in energy prices is dominating the report. I break down what’s behind the surge… and why the situation creates a big problem for the Fed. Speaking of energy, the International Energy Agency (IEA) expects oil demand to peak before 2030 as clean energy replaces fossil fuels. I explain why I don’t believe this will happen… and why you’d be wise to have exposure to oil & gas right now. And I highlight a report from over 1,600 scientists on why climate change isn’t as dire as the media makes it sound. The Wall Street Journal recently ran a story about how amateur investors are piling into risky option bets. I recap the article… and explain why this strategy has worse odds than the casinos in Vegas. But that doesn’t mean you can’t use it to your advantage. I share a few tips on how to turn the odds in your favor… and a brokerage firm benefiting from the trend. In this episode Energy prices are dominating the CPI [2:05] Why I don’t think we’ll see peak oil demand by 2030 [8:25] Over 1,600 scientists say not to worry about climate change [15:00] Amateur investors are making risky option trades [19:45] A brokerage to add to your watchlist [25:50] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox each week: www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --iTunes: itunes.apple.com/us/podcast/wall-street-unplugged-frank/ --Stitcher: www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 --Website: www.curzioresearch.com/category/podcast/wall-street-unplugged/ Twitter: twitter.com/frankcurzio Facebook:. www.facebook.com/CurzioResearch/ Linkedin: www.linkedin.com/in/frank-curzio-690561a7/ Website: www.curzioresearch.com

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 to you on Main Street.

0:16.0

How's it going out there? It's Wednesday, September 13th, and you were listening to the Wall Street Unplug podcast.

0:25.0

Don't adjust your audio or visual. Frank is out of the office. I, Daniel Creech, research analyst here at Curzio Research,

0:34.0

and the transitory host, the fill-in host behind the mic here on this Wednesday. I normally join Frank every Thursday on Wall Street Unpluged Premium,

0:43.0

where we break down more in-depth market analysis and give you stock picks. But Frank and I are putting out fires right now.

0:50.0

For C.R.A. members, he was joking. You'll get that issue later today. The air, the AC in the office was out until just a little bit ago,

0:57.0

so it is starting to cool down. Frank's dealing with some fires at his own house. That horror story seems to never end that poor guy.

1:05.0

If anybody was on the fence about building the house from scratch and starting with that, who takes the need?

1:11.0

But no, everything is going smoothly. Don't feel sorry for us. Just keeping you up to date a little inside baseball here,

1:17.0

but couldn't be happier to fill in for the one and only Frank, who will be back in the office tomorrow,

1:21.0

like I said for our Wall Street Unpluged Premium podcast. Today, you're stuck with me. I'm running the helm,

1:26.0

and I am going to talk about the CPI data that came out today, how markets are reacting,

1:32.0

and then I will continue to opine on energy and why you should. I'll give you the answer first,

1:38.0

why you should, and must have exposure to oil and gas, and also carbon neutral,

1:44.0

or a new fun drinking game, carbon capture that we've joked about in the past, all that.

1:48.0

And then there's a great, if I have time, I don't want to run over my allotted spot,

1:53.0

but there's a great article in the Wall Street Journal today about amateurs piling into 24-hour options,

2:00.0

and it's just gambling. We'll stiff through all that and more, and let's dive right into the August CPI report.

2:07.0

Data broke out this morning, and the Consumer Price Index increased 0.6% month over month and August.

2:16.0

That's as expected, that was in line. Remember, Frank often talks about whether it's earnings or any kind of data.

2:21.0

You want to know what expectations are going into it. Gasoline, rising gasoline prices amounted for over half of the increase.

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