What's Causing The Ice Age of US Housing? | The Daily Peel ๐
Wall Street Oasis
Wall Street Oasis
4.9 โข 534 Ratings
๐๏ธ 24 October 2024
โฑ๏ธ 28 minutes
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| 0:00.0 | Well, the housing market is even cooler than being cool is even cooler than being cool. |
| 0:05.0 | It's, it's take that and square it because the housing market isn't a goddamn ice age of its own right now. |
| 0:11.0 | And that was even further confirmed yesterday. |
| 0:14.0 | So yesterday, the National Association of Realtors came out and released their data on existing home sales in September in the United States. |
| 0:31.3 | What's up, Apes? Welcome back to another edition of the Daily Peel's Daily Podcast of the Day. |
| 0:57.9 | Thank you all for joining us here once again on the world's most popular, most influential, most envied, handsomest podcast in the entire world. It is currently 7.08 p.m. on this beautiful Wednesday, October 23rd, 2004. We're very happy that you're here with us, and we hope you had a great day yesterday. I am certain that you had a better day yesterday than the WSO-Alpha portfolio did, and especially better than the analysts that now used to work for the WSO-Alpha the portfolio horrible day for the aides we were down 1.4% for the session and it's all because of one individual ticker that we're going to be talking about in |
| 1:01.7 | just a quick second and I'm still very bullish on that ticker but holy shit it was |
| 1:05.7 | real kicking the balls for the session here yesterday so once again the alpha |
| 1:09.1 | portfolio is down 1.4% aka 140 basis points |
| 1:12.7 | for all you fucking losers out there. We still managed to upperform the NASDAQ, which was down |
| 1:16.7 | 160 basis points for the session. Very rough day for big tech, except for some chip stocks that |
| 1:22.5 | we'll talk about in a quick second. The WSO portfolio, I mean the SB 500, you know, it's easy to |
| 1:26.8 | confuse the WSO alpha portfolio and the S&P 500, you know, it's easy to confuse the WSO |
| 1:27.7 | alpha portfolio and the S&P 500, but the S&P was down 92 basis points for the session. The |
| 1:32.9 | Russell was up 91 basis points, so a similar performance for small and large caps. Then not |
| 1:37.2 | that anybody cares, but the Dow was down 96 basis points on the day. So that brings the WSOL |
| 1:42.4 | portfolio year-to-date return to about 11.99% relatively |
| 1:46.9 | weak performance compared to these indices, but still above the average annual return that you |
| 1:51.2 | would get from holding these index funds. So not necessarily something that we're happy with, |
| 1:55.4 | but it's not something that, you know, investors are pulling funds out right now. We're not going to |
| 1:59.8 | shut down the portfolio anytime soon. So that's kind of what we're looking at. Let's go ahead and dive into some of these banana bits. So first and foremost, actively going on right now is the 16th annual I Hate America Summit, aka the 16th annual Bricks Summit being held in Kazan Russia. This is a small Russian town in the, I believe it's in the southeast portion |
| 2:18.6 | of the country because I'm an expert on Russian geography, obviously. But this is those 36 countries |
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