NYC… CPI… AI… Oh my!

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 March 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

I was in New York City over the weekend visiting my 80 year old father-in-law. While I enjoyed bagels, pizza, and attending a St. John’s basketball game. I couldn’t be happier to be home and out of the northeast weather. Turning to markets, I break down this week's CPI (consumer pricing index) report and explain why, despite the hot inflation reading… stocks moved higher. I share a lot of data on why investors must be careful on what they wish for when it comes to the Fed cutting rates. Another trend getting mainstream attention is the massive amount of layoffs at big tech companies, despite record profits and record-high stock prices. The reason is simple… and I’ve been telling you it was coming since January… AI is taking jobs. I break down the ultimate winner in AI right now and why this is just the beginning of this life changing trend. Every company in every industry will leverage AI because it’s the holy grail for businesses. I’m so excited about the opportunity ahead in AI that I'm holding a live event to show you how to make life-changing gains from this incredible technology. Join me for free at www.curzioai.com. In this episode Visiting the Big Apple [0:59] CPI coming in hot [5:45] When you should sell stocks [9:04] People are losing their jobs [13:52] This is the key to AI [23:24] Don’t miss our live AI event [33:51] 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/category/podcast/wall-street-unplugged/ Curzio Research App: https://apps.apple.com/us/app/curzio-research/id6466212450

Transcript

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0:00.0	Wall Street Unplugged looks beyond the regular headlines heard on mainstream financial media to bring you
0:07.4	unscripted interviews and breaking commentary direct from Wall Street right to you on Main Street.
0:16.0	That's gonna out there it's March 13th.
0:19.0	I think girls, it's Wall Street for the parks,
0:21.0	so we break the airlines, and... It's Washington for punks for breaking the headlines and
0:28.3	Tell you what's really more with these markets
0:36.6	today's show and talk about why investors should hope inflation does not get to the Fed's 2% target, while layoffs are surging at its fastest pace since a credit crisis and how to spot companies who are full of
0:45.5	shit were talking about AI. But first let's begin with my trip to New York City
0:52.3	this weekend.
0:53.0	My father-in-law turned 80, went there to surprise him, my family and the kids.
0:59.0	First time I've been there with the kids in a very long time.
1:02.0	I forgot I was there about two years ago.
1:04.3	But after a nice 50th birthday party,
1:06.9	surprise birthday party for me with all my friends in New York.
1:10.3	But my kids haven't been there pre-Covid.
1:12.2	I think it was maybe 17 or 18.
1:14.6	2017 or 18. Right away we got bagels, we got pizza, so now I got to work out.
1:21.2	Definitely don't live in myself when it comes to the food in New York.
1:24.4	It's much better than Florida.
1:25.6	It's one of the benefits.
1:28.3	And I missed New York for about 30 minutes.
1:32.0	Just when I was in a place, one of my daughter was asked,
	...

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