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Wall Street Oasis

BTC's New Challenger Emerges! | The Daily Peel

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 21 March 2024

⏱️ 20 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 up, Apes? Hope everybody has been having a phenomenal week so far. You know, we're doing

0:17.3

pretty well over here at the Daily Peel Global headquarters. Things have been pretty good today. You know, nothing too crazy. Nothing to be too excited about except, you know, for the fact that the S&P 500 has officially closed their all-time highs. Once again, get the party started here. S&P 5,000 wasn't nearly enough. I gotta throw that hat away and go get my S&P $10,000 hat because that's how much the hat probably should cost as well, because it seems like that's how much money everybody has with Marks is just continuously ripping so much. And shout to Fed Chair Jerome Powell for the boost here. If you didn't know any better, you'd think that Fed MoneyPrinter Powell was back on deck, but turns out we didn't even need that to reach all-time highs yesterday. Yes, Apes, that's right. The S&B 500 is officially higher than it ever has been, and it actually closed at that level, which means it's an actual real high rather than an intraday one, which is usually just some nonsense. But all right, let's go ahead and get into things here because we are fired up on this Wednesday evening. currently 9.26 p.m. on this beautiful March 20th, 2004. We are coming actually live from the Daily Peel Global Headquarters. Not that you'll be watching this live, but I am recording this live nonetheless. You're probably watching this on March 21st, and we have a lot to talk about to get you set from markets here this morning, so let's go ahead and dive right in. First and foremost, of course, we're going to start off with the market snapshot. Pretty good day for the WSO Alpha portfolio overall, rising up 1.2%. Now, pretty much everything on planet Earth had a good day yesterday. I mean, you might not have an RAPDU for that, but the NASDAQ grows about 1.25%, but we did manage to outperform the S&P 500.

2:02.1

Can you guys believe that? We outperform the S&B 500 on the very same day that it reached an all time high. That means we're basically the next Jim Simons and Warren Buffett's combined, at least if you ask me. So get in while they're getting taught. We're also officially coming out with our Tesla research report tomorrow, or I guess it's later today now. So that's going to be dropping later on today.

2:03.6

Everybody go check that out.

2:02.3

Be quite the bold take on Tesla. You're definitely going to want to see it. Most of all, you're going to want to see our revenue projection because it's definitely some stuff that a lot of you are going to have some very strong thoughts on it. Personally, I can't wait to see what they are. But outside of the alpha portfolio, like we said, it was a pretty good date for U.S. markets broadly.

2:19.5

Bitcoin prices will be talking about those in just a quick sense. I can't wait to see what they are. But outside of the alpha portfolio, like we said, it was a pretty good day for U.S. markets broadly.

2:19.5

Bitcoin prices will be talking about those in just a quick second.

2:21.9

So I'm not going to step on our content just yet.

2:24.1

So what we're going to do is go ahead and move into some of the banana bits for the day. So first and foremost, this link right here, guys, if there has ever been a link in the banana bits in any daily appeal that you're going to click on, this is the one to do it with, because this is one of the best charts that I've seen in response to the FMC's meeting yesterday, and that is showcasing the changing dot-plot projections from the December meeting to the meeting that just happened or just wrapped up yesterday. Basically shows the drastic change in kind of expecting rates to be, you know, much different. So go ahead

2:51.5

and click on that because the rate picture has changed quite a bit. Not necessarily that they

2:55.6

moved lower, but it's still very good news, nonetheless. So please feel free to go ahead and

2:59.9

check that out. Now, guys, Reddit is also IPOing today. I mean, this is a huge newsday. Who knew

3:05.0

that Thursday, March 21st, actually, the spring solstice equinox,

3:10.4

whatever word is used for that. So it's the spring equinox here. And there's a shit ton of news

3:14.4

coming out of Wall Street at the same time. So the Reddit IPOs going on. I know a ton of you

3:18.5

are probably on Reddit as well. Maybe some of you are even one of the lucky 75,000 shareholders

3:22.9

that Reddit issued shares to prior to actually going public so you can get in on the gains with the venture capitalists and the other scumbags that take advantage of the price action of selling to idiots like you and me in the public markets.

3:34.1

All right, Micron, they also reported earnings yesterday.

3:36.4

I know the news simply just does not stop.

3:38.4

This is a semiconductor company and they are keeping the AI wave rolling here with our Q4 earnings. They were up 14% after hours by the time I'm writing this. So we're going to want to be monitoring that stock tomorrow. Probably lift the entirety of the market. It will probably be setting even more all-time high. So definitely stay tuned for that. And finally, Mr. Julian Assange. You guys might have heard of this little cat before. He is the founder of WikiLeaks. He's been, you know, between pretty much everywhere all over the world. I don't think anybody really knows where he is or has been, but he has been on the Lamb from United States prosecutors for quite a while. He's coming close to a plea deal with them to plead guilty at 14 years to hell of a lot better than the multiple centuries that he probably would have gotten originally. So maybe being on the land for this long was a great way to kind of trade down that sentence. But either way, it looks like that saga might be coming to an end. Obviously something that a lot of you are going to want to pay attention to. All right, guys, let's go ahead and get into the big story of the day. Not only the big story of the day, the big story of the week, the month, the year, and that is Jay Powell speaks. We had the March FOMC meeting. This is one of the most anticipated FOMC meetings that quite honestly we've ever had. Since these events have quite literally become on par with the Super Bowl in terms of how much

4:48.0

money is going into these things and how much is being paid attention to this was an absolutely

4:52.3

huge event and i mean i just want to continue to pledge my allegiance to the jerome powell states

...

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