What's up, Apes? Hope everybody is having a fantastic day out there, but I know that your day hasn't been as good as the WSO Alpha portfolios.

Our portfolio through the roof today, absolutely ripping, couldn't believe it. It was up a whole 1.02 basis points or 102 bips for those finance nerds out there. Completely dominated the NASDAX 95 basis point return on the day. Literally embarrassing. Like I couldn't even show up to work the next day if those are my returns. The S&P, we don't even have to talk about because it was up less than 70 basis points for the session. So I don't get out of bed for anything under 80 Bips. Everybody knows that. Now, it was a particularly good session because names like

Tesla and Autodesk performed hella strong on Monday here. Tesla was because Elon is sticking around

as CEO because he got his $56 billion pay package. Hard to believe that paying a CEO $56 billion

is a reason for a stock to go up, but crazier things have happened. And I mean, Billy Joel said it. We didn't try, we didn't start the fire, but we tried to fight it. And instead, we just got stock market returns, which I think all of us will take. Now, Autodesk on the other hand, this one was a little bit shakier. I'm going to provide more detail on that in the banana bits in just a quick second for everybody. But before we get into that, let's talk about some of the other banana bits for the day. Who knew that a 7% addition to corporate taxes could cause such drama? I guess I should have known because any addition of taxes, I mean, they tried to charge us 2% tax on whiskey and we started a fucking revolution for it here in the U.S. Fuck Great Britain, by the way. But basically, the Biden administration is considering raising taxes from the 21% to 28% at the corporate level as a final act so that he can try to buy more votes from the left prior to the election coming up in November of this year. So it's starting a big fight.

There's a billion dollars at stake.

Trillion dollars at stake, excuse me.

So check out that WSJ article if you can.

Auto Desk.

Meanwhile, the stock was ripping today because in the morning it was announced that an

activist investor held a position.

During the day, rumors kind of emerged as they might actually be suing Autodesk for

basically failure to comply with certain

disclosure rules, filing a delayed disclosure, whatever. And so after hours, they did end up suing them.

So the numbers could be very different tomorrow, but we will take that dub here today.

Meanwhile, consumer spending expectations back on the rise. And we'll talk about why in just a quick

second.

Has a lot to do with our macro story of the day with loosening policy without actually loosening policy. And finally, market concentration is way worse in other countries than it is in the United States. That's kind of true of most things. Like, if you think something that's bad in the United States, it's probably worse elsewhere. So shout out to all of the international leaps out there. Sorry if I just absolutely roasted you. By the way, speaking of other reasons why the United States is absolutely the best, check out my desk right here, the Boston Southics playing in the United States. What more reason do you need? Plus the boy Abraham Lincoln has been cooking since like 1815 or whatever the hell he was born. Either way, let's go ahead and get into the macro monkey story of the day and now that we're talking about the United States. That's because the United

States Central Bank is effectively loosening policy without actually loosening policy right now.

That's the situation that we're in and it's the picture that J-PAP painted for us last week

at the FOMC meeting. So what are we talking about?

Basically, we all know the Federal Reserve as the interest rate setting arm of the U.S. government.

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