What's up, Apes?

Welcome back to the Daily Peel's Daily Podcast of the day.

Thank you for joining us here once again on this beautiful Wednesday, August 14th,

2024.

We got a lot to talk about here today.

It was a huge session in the market.

We got the latest inflation report talking consumer inflation this time instead of wholesale inflation like yesterday. We'll go over exactly what that means for your, you know, your portfolio, your macro outlook, your money in general, what you should be worried about, what you can disregard. Then we're going to be moving into some of the biggest stock moves of the session. Some very surprising moves here today, especially from the likes of Starbucks, a big divergence from their

huge update the day prior. Then we'll finish up with a new alternative outcome in the recently

settled legal case against Google in case you're living under a rock and have no idea what was

going on. Basically, a couple years ago, 38 state AGs, as well as the Department of

Justice filed charges against Google for being a monopoly. Well, a couple of weeks ago, a federal

judge said, fuck yes, Google is a monopoly. He said the obvious truth that literally every human on

earth knows. And so one of those outcomes is a potential breakup of Google. So we'll talk about

what that might look like, what it would take to actually get there,

how long it would take, historical comparisons as well.

But before we get into all of that stuff, we got some important information to go over here.

So we're going to start by going over the kind of market vitals of the day.

Not a bad day for the WSO Alpha portfolio, but also definitely not a good one. We were down about five basis points for the session today, mostly because of Tesla. Tesla was a big detractor for the S&P 500 in the NASDAG, and most of all, the WSO portfolio yesterday. The stock was down a little bit over 3% last I checked, but I think it would, it actually finished down about 1.1% for the session.

So that weighted us down pretty heavily because we are extremely overweight Tesla compared to these indices.

Meanwhile, at the same time, the SP 500 was up 38 basis points and the NASDAQ just a measly little three basis points.

Rough day for tech stocks out there were kind of a like a levered NASDAQ small cap portfolio almost. It's very strange. But we expect the Alph portfolio to basically be that kind of rock in the middle. Like when the markets are up, we're going to be up but a little bit less. When markets are down, we're going to be down, but a little bit less for the most part. So make sure to go subscribe if you want to get all of the juicy, gory details and make money, lose money,

bully us right alongside of ourselves.

...