U.S. Household Debt Skyrockets in 2023! | The Daily Peel
Wall Street Oasis
Wall Street Oasis
4.9 • 534 Ratings
🗓️ 8 February 2024
⏱️ 23 minutes
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| 0:00.0 | All right. Well, good morning, apes. It is still morning here for just about another minute or so. |
| 0:16.7 | Happy Thursday here, this beautiful Thursday, February 8th, 2024. |
| 0:21.0 | It's been a while since I've seen you guys. So I'm very glad to be back. Thank you guys for joining, as usual and everything. I did just get that for my vacation. I'm Stown in Belize for about a week or so. Great country, great place to visit. We had a ton of fun. My biggest recommendation, though, if you are somebody as pasty as I am, definitely bring a ton of sunscreen. |
| 0:39.2 | And we had to learn that lesson the hard way over here at the Daily Field Global headquarters last week, but still definitely go ahead and check things out. Just make sure you're packing that SVF 50 at least. Very glad to be back here with you guys today. We did, you know, I was a little disappointed. I was out during a big week with, you know, a with you know a lot of earnings fed meeting jobs report and everything but we got a whole lot going on |
| 0:58.5 | this month as well and we definitely don't want to keep you guys waiting so let's go ahead and just |
| 1:02.6 | dive right into things here so today we got the appeal number 643 here today like i said |
| 1:08.7 | february 8th 2004 and it is officially high noon over here at Eastern Time. It is now 12 p.m. So good afternoon to everybody that's just joining us here now. In this edition, we're going to be talking about some freaks in the balance sheet that we got going on. Every American consumer is apparently a freak in the sheets. At least that's the way that it looks right now based on household balance sheets. |
| 1:28.4 | We'll dive into that and tie it into overall GDP growth and see exactly what's going on, how scared we should be on anything else that might be impacting that going forward. Then, of course, we got a whole bunch of earnings reports yesterday that we'll be talking about. Most embarrassing of all being, of course, Snapchat. As you guys can see right behind me. |
| 1:45.4 | This is Snapchat's year-to-date performance, 29% there. talking about. Most embarrassing of all being, of course, Snapchat. As you guys can see right behind me, |
| 1:45.4 | this is Snapchat's year-to-day performance, 29%. They actually lost even more than that on the day |
| 1:50.0 | yesterday, as we'll get into in just a few minutes. Then, of course, finishing up with some woes going |
| 1:56.3 | on over in the Chinese stock market. You know, it's all about firing the weatherman over there, firing the guy in charge when things are going in your direction. We'll talk much more about that in just a couple of minutes. We'll also, of course, be giving our takes on Snapchat and Alibaba's earnings as well, given that they were so horrendously reviewed by the market. We'll be given our takes as well, so definitely stick around for that. Alright, moving into the market snapshot here, as we can see, WSO Alphan portfolio. We had a very solid day yesterday of about 66 bibs, underperforming the S&P as well as the NASDAQ, but still kicking the shit out of the Dow. So at least we're meeting somebody who are at 4.34% on the year. We are still out of performing the S&P in our main |
| 2:35.3 | benchmark the NASDAQ, but it's always great to see Bitcoin and Ethereum joining everybody in the |
| 2:39.8 | Green Gang. Have you ever seen anything more beautiful than something like this? Just everything green, |
| 2:44.8 | pure lights, everything's going well, and let's hope it stays that way for at least a little bit |
| 2:49.5 | longer here. All right, moving into some banana bits, some major stories of the day. |
| 2:54.0 | There was a major border measure. |
| 2:55.5 | This included some foreign aid funding to places like Ukraine and Israel as well. |
| 3:00.1 | So that was, given that it deals with, you know, Ukraine funding, Israel funding, as well as the southern border. |
| 3:06.4 | That's pretty much three of the most contentious topics in American politics right now. |
| 3:10.4 | So no surprise that Democrats and Republicans couldn't agree on that. |
| 3:14.0 | Washington, they couldn't agree on just about anything so a boil like this was very much |
... |
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