What's up, Apes? Welcome back to the Daily Peels podcast slash video stream of the day.

My name is David. It is currently 7.58 p.m. on this beautiful Thursday, June 27, 2024. We're talking

everything markets related going into the last trading day of the quarter. Time is absolutely flying by this year. I can't believe that we're about to be in July personally. Down here in the south, it is way too fucking hot this time of year. But the market certainly getting even hotter. I mean, the NASDAQ is up almost 20% for the year so far, and we're not even done with the first half. Meanwhile, what's it called, the SP 500 is up a solid 15.something something percent.

And the WSO-A portfolio in the meantime has risen about 11 percent, 10.7 percent, to be exact,

after our 38 basis point rise here during the session today.

Now, 38 basis points might sound like, might not sound like a whole lot,

but it is exactly eight basis points higher than the NASDAQ rose today at just 30 basis points, and the SP 500 was up just a measly little nine basis points. Now, we feel a little bit bad for them. They're, you know, the new guys on the block, the S&P 500. They're just trying out some new strategies and everything. So we don't blame them for performing poorly. They can give us a call anytime they want some help with portfolio management or anything else like that. But nonetheless, make sure to go sign up for WSO Alpha if you want to stay in tune with all of our trades, research, thought process, whatever other nonsense is going on with our team over here. All right, let's get into some of the banana bits here for the session today. First and foremost, the Federal Reserve. This is what we're going to be talking about on Monday as well in our thought banana, but the Federal Reserve ran its annual stress test of the 31 largest banks in the United States. Every single one of them passed, as they pretty much always do. I'm sure there's some kind of a way to game the system. But they did ultimately determine that these banks prepared to handle losses in the range of $685 billion and still be able to make loans to individual, small businesses.

So according to the Federal Reserve, these banks are in a pretty good position. They said the

exact same thing in 2006, 2007. So we are going to take that with a great assault, but still it's better than the

opposite would have been. So, you know, we'll take what we can get. Anyway, listings are up,

prices are down. The housing market could finally be healing just a little bit. Listings have risen

35% during this month, and we saw prices fall just a little bit with the new home sales report.

So it's moving in the right direction for homebuyers finally for once. Levi Strauss got absolutely hammered on Thursday, and I'm not talking about in the good way, like you and your friends probably did last night. They unfortunately lost a shit ton of shareholder value. So, I mean, we wouldn't know what losing shareholder value is over here at Wall Street Oasis, but still Levi strauss managed to pull it off on the day uh they had a very tough earnings recall just very

bad seeing i guess nobody's buying jeans these days and i actually don't own a single bear of jeans

so i can't blame anybody for not buying that shit it is incredibly uncomfortable all right moving

into our last banana bit of the day the supreme court just just told the Sackler family to go fuck themselves.

Basically, they came out here.

There was some kind of...

The case, the settlement for the Sackler family and their addicting of America went to the Supreme Court here today.

Effectively, what happened was a certain group of victims in the class action suit from all the families who lost their loved ones because of these absolute scumbags. The Supreme Court basically

came and said that the, what's it called, the reward that they were getting, the decision,

whatever monetary benefit, I'm blanking on the term right now, whatever monetary benefit they were

...