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Wall Street Oasis

Banking is Officially Back | The Daily Peel

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 18 April 2024

⏱️ 21 minutes

🧾️ Download transcript

Summary

WSO Weekly Wrapup - ⁠⁠Sign Up for the Newsletter Here⁠⁠ The Daily Peel - Sign Up Here

Transcript

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0:00.0

What's going on, Apes? Welcome back to the Daily Appeals video stream for the day here. I just got down right in the appeal for you guys tomorrow, and we need to talk about it. So it is currently 9.16 p.m. Eastern time here. This is going to get you nice and ready for the ticker tape tomorrow. Make sure to stay tuned till the end as well to talk about why your job prospects. So landing that dream role at the investment bank just improved dramatically in Q1. banking is officially back and we'll get it to the exact numbers in just a couple of minutes. Before that, we'll be talking about the latest commentary from Jerome Powell, and of course throwing around some nonsense about some big stock movers, what our thoughts are on those stocks, and if the moves that they meet today will continue into the future, stay tuned for all that and some more yap, but along the way.

0:38.2

All right, WSO Alpha Portfolio.

0:40.0

Keep in my deeps, this is our proprietary portfolio.

0:42.7

You can go ahead and sign up to trade alongside us, lose money right alongside myself,

0:47.2

or celebrate these huge wins that we've seen in names like Airbnb, things like Builders First Store,

0:52.4

some really obscure names in the portfolio as well that have been big winners. And we actually did just place a brand new trade here today. So make sure you subscribe to the WSO office so you don't miss any of that or our long-form equity research reports. Now, the reason that you should be following this is because, believe it or not, Eves, we are still outperforming the S&P 500 for the year. I don't know why I said, believe it or not, it really is too easy to help form the S&P 500.

1:15.1

The NASDAQ, a little bit more of a challenge. You know, I mean, what are we going to do? You know, they're really running it up on us so far this year. We're gaining on them. We're right behind. but the barbell strategy that we employ certainly can detract from us,

1:26.8

especially during long periods

1:28.4

of bullishness and long periods of very high daily return for indexes like the NASDAQ.

1:33.3

But nonetheless, we did return about 49 basis points lower for the day, almost that higher, but

1:38.1

we lost 49 basis points today.

1:40.6

Now compared to the indexes on the day here, believe we did outper, just like I said there,

1:45.6

we should have outperformed the S&P, underperformed the NASDAQ, it was actually both we

1:50.3

outperformed here today.

1:51.4

So no big deal, W SO Alpha, absolutely running laps around the index providers here today.

1:56.0

NASDAQ lost 1.16%, whereas the S&P was down about 508 basis points.

2:00.6

So slight outperformance of the S&P dominating the NASDAQ, who's surprised, I'm absolutely not. And so that's about it for Alpha going on right now. Keep in mind, everybody, we do have exposure to both Bitcoin and Ethereum in there as well. So crypto degenerates don't feel left out because we'll be trading alongside you too as well. Now, let's get into some of these

2:17.9

banana bits. So first and foremost, there is a new risk for interest rates here in the United

2:22.1

States, that being the markets are starting to price for the first interest rate cuts to begin in

2:26.3

March of 2025. Now, that would have been heresy to tell somebody last year. I think most portfolio

2:33.1

managers would have had an aneurysm on the spot if you told them that we weren't going to have any cuts to interest rates until March of 2025, but the vibe has clearly shifted. I mean, Powell came out yesterday. I'm not going to step out in too much content because we're going to be talking about it for the macro monkey. And he said that the Fed is even starting to change their view on interest rates and exactly how they want to fuck over the economy going forward so it'll be very interesting to see

2:54.9

how that dynamic plays out now moving down the low turns out communism might be back in

...

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