Good morning, I hope.

I hope everybody is doing phenomenally well here this morning, but you're probably not,

if you saw yesterday's inflation report.

We got the latest data on wholesale prices, and just like the consumer prices, they are back on an uptrend, so hard to have a good day after seeing something like that, but hey, hope everything else is going well with you. For me personally, it definitely is not. Let me show you guys something here. Look at this thing. So I bought this little stand as something to like hold my phone with while I make these videos instead of the books and boxes that I haven't stacked on right now.

Look at this. It comes up the sick little arm to put it in position, but they didn't give me the damn phone holder. I don't know if I'm doing something wrong. I already reordered another one, but let me know if anybody out there is smarter than me and if I just can't figure out how to use it. using it anyway let's go ahead and get into the market movements for the day guys

we are coming at you with a little bit of a different format here today it is me and if I just can't figure out how to use it. Anyway, let's go ahead and get into the market

movements for the day. Guys, we are coming at you with a little bit of a different format here today. It is currently 7.22 p.m. on this beautiful Thursday, March 14th, happy pie day, everybody as well. It's 3.14. And we are making this video in the evening. I just finished writing the for tomorrow so it's going to be getting your inbox at the usual 6.30 a.m. time.

Nothing you care. It's going to be way before you wake up regardless, I'm sure. But we wanted to try this a little bit of a different format to just spread the good word as early as we possibly could. So let's go ahead and dive right in. First and foremost, it was not a very good day for the WSO Alpha portfolio.

We had Dollar General, one of our key positions taking a big hit following a top earnings report. We talk about that a little bit later on in the reports. I'm not going to step on too much content right now. Overall, the portfolio is down about 59 basis points on the day, bringing the year to day return down to 8.14%. That does mean we are now underperforming the indexes on the year.

Once again, we are in an absolute battle for our lives right now, guys.

I mean, I'm sure we're going to be absolutely destroying the index like it doesn't even exist by the time. Summer rolls around. That's just our typical M.O. But, you know, we want to keep everybody on our toes for the time being. We still have that Tesla report coming up soon for the alpha portfolio as well. as well. So stay tuned for that. We are finishing up the model right now. Had some difficulties with the revenue projection, but trust me, guys, you're not going to want to miss this one. It's quite the bald call, so I assume there's going to be a lot of smoke thrown my way, and I can't wait to see it. Now, we did see a relatively weak performance from the indices on the day as well. All of them were

lower for the day with the NASDAQ losing 30 bibs. The S&P down 29 bibs. The Russell getting

absolutely hammered down 1.79%. So very tough scene on the day, but luckily we did see some

relatively strong, kind of strong performance from Bitcoin and the other crypto assets.

Now in the past 24 hours, my screen is telling me they're down about 2 and 2.9% for Bitcoin

and Ethereum respectively.

But over the last hour or so, they are starting to pick back up.

We're still over $70,000 for Bitcoin, but Eath has fallen back below that $4,000 mark.

Take that as you will.

We're keeping the exposure in WSO Alpha.

We're actually shifting out of our current holding of GBT into something else. We're kind of trying to assess what exactly it's going to be because we got to balance liquidity with expense ratios of tracking error. So stay tuned for that to see which one we end up going with. All right, let's go ahead and move into some of the banana bits that are going to be coming out for you today. So first of form of 7% mortgage rates, according to the Wall Street Journal, we might just have to get used to it. I mean, if you're an asshole like me and you're looking to buy a house in 2024, you are absolutely screwed because we are going to get screwed with 7% interest rates. This is absolutely disgusting. I mean, clearly the biggest economic mistake that I've ever made was being born in 1999. I vehemently blame my parents for that, and I'm going to be calling them as soon as I finish making this video to tell them how much I hate them for making me be alive. Now, we also did see a big swing and a mess for Adobe's earnings reports. I'm sure their shareholders also wish this company wasn't alive because it's down more than 10% after hours so far.

They've got about 35 more minutes and after hours training remaining, so we'll see if they can recover from that. But right now it is looking very yucky. We're going to be coming out with a short video tomorrow going over the earnings report as well, so stay tuned for that. All right, SpaceX's third Starship lodges yesterday as well. It was much better than some of the other ones that actually went up a decent amount before exploding.

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