Wall Street Unplugged - What's Really Moving These Markets

I’m back from the Consumer Electronics Show (CES). Long-time listeners know I look forward to attending this event every year… playing with the latest gadgets… and talking to thousands of companies about what’s shaping the tech landscape. But this year’s show was a total letdown. I share the handful of issues that left me disappointed with this year’s event… along with a few highlights worth mentioning… For one, 3D printing is making progress going mainstream. I tried out a great new app that let me scan my face to make my own 3D-printed action figure. And for the first time in CES history, the metaverse had a major presence. I explain how the metaverse industry will evolve in a similar way to what we’ve seen in streaming services… and who I think will become “the Netflix of the metaverse.”  I also share one of the coolest experiences of the weekend: A virtual reality afterparty… in Jurassic Park. In this episode  Why CES sucked this year [2:25] Which big tech names were missing [11:20] Electric vehicles (EVs) were a big disappointment [19:15] How metaverses will be like streaming services [23:45] 3D printing is finally going mainstream [24:55] A virtual reality afterparty in Jurassic Park [27:55]  Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/   : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :

Yesterday, I caught up with Frank about his first 24 hours at CES 2023… Things got off to a hot start: Virtual concert platform Wave announced superstar Justin Bieber will be headlining an upcoming event… Controversial music streamer Napster is jumping into the metaverse… And 3D application platform Oorbit is partnering with LG to bring the metaverse to your living room. Frank returns next week, so be sure to check back for all the details from the event. And you can follow his trip on and . Private equity giant Blackstone (BX) caused a major stir last month when it limited withdrawals from its Blackstone Real Estate Income Trust (BREIT). This week, the company got a $4 billion investment from the University of California. I explain why the deal strikes me as a bailout… and why yield-seeking investors should avoid real estate funds right now. In this episode  The metaverse’s big presence at CES 2023 [1:20] You’ll soon be able to enjoy the metaverse from your living room [3:00] Blackstone’s bailout from UC [8:40] Income investors don’t need to stretch for yields [15:32] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/   : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :

Frank is in Las Vegas attending the Consumer Electronics Show (CES)... So I, Daniel, am filling in today and tomorrow. Frank will be checking out the latest tech gadgets from thousands of companies… So be sure to follow his trip on and . I recap the market’s rough 2022… and highlight the critical choice investors need to make as we start 2023: Are you betting on a hawkish Federal Reserve… or on Wall Street’s optimistic expectations? I also explain why we’ll see a weird market for the first few months of 2023… and what data/events you should be watching out for. Next, I take a fresh look at the energy sector, which crushed the market in 2022. I explain why energy stocks have a lot of room to run in 2023—even after their strong performance last year… and why oil prices could spike following the Chinese New Year. Crypto stocks are rallying after Coinbase (COIN) agreed to pay a $50 million fine to the New York State Department of Financial Services. I break down why the settlement is a big deal… and why it paves the way for long-term growth in the crypto industry.  In this episode  How long is too long to spend in Las Vegas? [0:30] Recapping the stock market’s volatile 2022 [3:20] The critical choice investors must make in 2023 [7:00] Why energy stocks have a lot of room to run [16:00] Why crypto is rallying after Coinbase’s $50 million fine [23:00] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/   : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :

Happy New Year! I’m kicking off 2023 with my annual trip to Las Vegas for the Consumer Electronics Show (CES). I’ll be checking out the latest technology from thousands of companies at one of the largest conferences in the world. And for the first time in CES history, the metaverse will have a presence. One thing I’ll be keeping my eye on during the event: The latest electric vehicle (EV) products from major automakers. I’m not sold on EVs for a couple of reasons… but we’ll see if CES changes my mind. I’ll also be trying out the latest tech gadgets, playing games vs. robots, and more… So be sure to follow my trip on and . This is one of the most important CES events in the past decade. With the Nasdaq down more than 30% over the past year, tech companies can no longer get by on sensational growth stories… They need to focus on creating fantastic products, gaining market share, and actually turning a profit. The market is facing a lot of headwinds in 2023… especially as the economy goes into a recession. That’s why I keep pounding the table on my favorite strategy to not only protect yourself, but make a fortune, as stocks struggle. In this episode  Why this year’s CES will be unlike any other [1:10] How to profit during the coming recession [6:00] Why I’m not sold on EVs [8:20] The metaverse makes its debut at CES [10:15] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/   : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :

I start today’s show with a look at hedge fund manager David Tepper, who’s like Warren Buffett to me. I explain why I have a lot of respect for him… how he helped change my investment process back in 2011… and why I agree with him that most investors will get wrecked in 2023. That’s why I’ve discounted our Moneyflow Trader newsletter by 90%: to give everyone the chance to make a fortune as markets move lower. Next, Daniel and I discuss Sam Bankman-Fried’s extradition to the U.S… and how two of his business partners have turned on him and are cooperating with law enforcement. I highlight the most shocking storylines from the FTX debacle… and we speculate how much jail time SBF & Co. are facing. While painful, the FTX collapse is good for crypto over the long term. I break down why I expect institutional money to pour into the space in 2023… and why Bitcoin and Ethereum will remain the crypto leaders for the foreseeable future.  In this episode  Why David Tepper is my Warren Buffett [3:17] How to avoid getting wrecked in 2023 [7:15] The most shocking part of the FTX debacle [12:12] How long will SBF spend in prison? [18:07] Why institutions will pour into crypto in 2023 [28:10] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/   : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :

Nike (NKE) popped more than 10% this morning after reporting better-than-expected earnings yesterday—which I anticipated on . I break down the results… and explain why the apparel giant is setting up a great short trade. Last week, the Federal Reserve Bank of Philadelphia revised jobs data from March–June 2022… from 1.1 million jobs created to just 10,500. We discuss how this alarming data—along with a major adjustment in rental calculations—could cause the Fed to change course on its interest rate hikes.  Finally, I rant about the absurd discrepancy in the jobs number—and why we must be able to trust the data coming from our government. In this episode  My Nike thesis is playing out perfectly [1:30] The best strategy for a volatile 2023 [12:15] How do you miscount jobs by 1 million? [13:00]  How new rental data could impact Fed policy [27:50] Investors must be able to trust government data—or else [33:05] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/   : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :

Apparel giant Nike (NKE) will report its latest earnings this afternoon. I explain why these results will give us a critical look at how consumers are holding up heading into 2023… and provide an updated glimpse at the company’s biggest growth drivers: China and the metaverse. I also highlight how Nike’s results could set up a solid trading opportunity. Banking titan Wells Fargo just agreed to pay $3.7 billion in fines for screwing over 16 million customers. This is a prime example of why everyone hates Wall Street. I break down the charges… and why I’m no longer bullish on the banking sector.  I’ve been pounding the table about how investors need to prepare for major volatility as the economy heads into a recession… And Genia Turanova’s MoneyFlow Trader is the perfect way to take advantage of a bear market. We’ve discounted this service to make sure everyone can afford to follow Genia’s put-buying strategy, which is designed to make you a fortune as stock prices tumble.  In this episode  How to play Nike’s latest earnings results [1:35] Why China is Nike’s most important growth driver [7:18] Nike is going all in on the metaverse [10:10] How to make a fortune as the bear market continues in 2023 [20:33] Why Main Street hates Wall Street [23:08] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/   : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :

Frank is out of the office on a personal matter, leaving me—Daniel—behind the mic. Yesterday, the Fed hiked interest rates by 0.5%. During his followup Q&A, Fed Chair Jerome Powell said there are no plans to raise the inflation target from the current 2%. I explain why the markets sold off during his speech… why a surge in unemployment is inevitable… and why I believe Powell is outright lying (and will be forced to eat his words) about the Fed’s inflation target. In other news, the U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing yesterday on the FTX collapse. One of its witnesses was Kevin O’Leary, the celebrity investor known as “Mr. Wonderful.” I recap the hearing… how O’Leary is acting as an FTX spokesperson… and the important factors he glossed over in his testimony. In this episode  I’m filling in for Frank again [0:30] Why the market sold off yesterday [5:00] Powell is lying about the Fed’s inflation target [8:20] Get ready for surging unemployment in 2023 [11:20] My beef with “Mr. Wonderful” [17:30] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/   : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :

I’ve been getting some incredible emails from happy subscribers who are making 200–300% gains in a matter of days… And it’s all thanks to our best-performing product, Moneyflow Trader. While the market is foundering, editor Genia Turanova is averaging a winning trade every 26 days.  I want everyone to have the chance to benefit from Genia’s work… which is why, for a limited time, I’m offering this incredible product for 90% off the retail price. Turning to the markets… Daniel and I break down what to expect from today’s Fed meeting and Fed Chair Jerome Powell’s Q&A later this afternoon.  Yesterday’s Consumer Price Index (CPI) data showed inflation is trending lower, fueling market bulls’ hopes for a quick end to the Fed’s interest rate hikes. Daniel and I debate whether we’ve hit peak inflation. I explain why the bulls are crazy if they think the Fed will cut rates anytime soon… and why investors need to prepare for market chaos through 2023. Finally, turning to crypto… The House Financial Services Committee convened yesterday following the arrest of former FTX CEO Sam Bankman-Fried. We discuss the smoking gun that could bury SBF… why the crypto industry will come out stronger following the FTX catastrophe… and why SBF should be on “Epstein watch.” Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/   : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :

Frank is attending his daughter’s Christmas play (yes, midday on a Tuesday), leaving me, Daniel, behind the mic. Stocks are in rally mode following this morning’s lower-than-expected Consumer Price Index (CPI) data. I share the factors behind the market’s optimism (but why investors shouldn’t count their chickens just yet)… how to take advantage of the rally… and what to expect from tomorrow's Fed meeting. Cryptos are also rallying—with Bitcoin nearing the $18,000 mark—following the arrest of former FTX CEO Sam Bankman-Fried. I explain why SBF should be in jail… why the fallout from the FTX collapse isn’t over yet… and why SBF’s arrest is great news for the crypto space. In this episode: Markets are rallying… but don’t count your chickens yet [1:20] What to expect from tomorrow’s Fed meeting [4:20] Why Sam Bankman-Fried should be in jail [6:30] Why SBF’s arrest is great for crypto [17:40] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/   : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :