Now, the two that are involved in the present situation index include assessment of business conditions,

labor market conditions. On the expectation side, it's the outlook for business conditions,

the outlook for labor market conditions, and then related, the outlook for income prospect.

Welcome back to the Daily Peelous Daily podcast of the day. Thank you, Apes, for joining us here once again on the world's single most powerful and influential news organization here at the Daily Peel. We greatly appreciate having you with us.

Today is currently Tuesday, September 24th, 2024. It is 6.04 p.m. and we have a lot to talk about today. It was a big day in markets, despite the fact that there wasn't any major economic news that was driving the movement of the day. There was some stuff. Of course, we'll talk about it briefly here.

But overall, a lot of kind of under the surface volatility. It was the stock pickers day to say the absolute least. If you look at one of those market map things that they have on finbiz.com or one of those others, you'll see that there's really no rhyme or reason driving those colors. It's very much an idiosyncratic performance day. So shout out to all of you stock pickers out there. I hope you guys were making your bread on the session.

Now, if you were holding the SP 500, you certainly were. The S&P 500 index was up 25 basis points on this session. Nasdaq, much higher at 56 basis points, thanks to a huge rise from Nvidia that

we'll explain for you in just a quick second. That is one of our big stock movers of the day.

Less strong day on the small

cap side with the Russell 2000 up 17 basis points and the down, not that anybody cares,

was up 20 basis points on the session. All of them put on an absolute clinic compared to the

WSOF portfolio, which only rose a measly little four basis points. That brings our year to date

return to 13.7%, which I am completely embarrassed to say

out loud. But nonetheless, those are the facts. And if we're anything here at the daily

peel besides the most powerful and influential news organization in the entire world, we are

transparent. So I'll always keep you guys updated on that front. Now keeping you guys updated on some

other stuff, home prices recently set a new record high. And now we're talking about the S&P K Schiller index here, which is the bane of my existence and the bane of the housing market's existence, to be honest with you. Home prices set a new high allegedly, but they're talking about all the way back in July. So who knows if this is even still true, but they did appreciate at a slower rate in that month, and they have mentor of 2023 and 24, so, you know, starting to chill out a little bit. It seems like, which is always beneficial for home buyers. Obviously, as soon as I have a home, home price acceleration starts to slow down. So that's just Uncle Sam and the economic gods working together to double team me here, I guess.

Either way, hedge funds are also seriously repositioning or kind of rethinking their positioning going into the final quarter of this year.

They are rotating the hell out of consumer stocks, exiting discretionaries and staples.

Now they've been exiting discretionaries for quite some time, but this was the sixth straight week of exits from the consumer stable sector as well.

So getting a little bit bearish on the consumer.

Meanwhile, Sherwood News keep killing it out there, but they just published a very good summary on China's new stimulus announcement.

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