All right, what's up you, DeGenerates, and my mom actually, because I know that she's definitely watching this too. So, hello, mom.

Hope everybody had a phenomenal weekend out there. You know, it's always a good Friday when we have the day off, so very nice long weekend in that sense and very happy Easter weekend to all of those who celebrate as well. Welcome back to the daily video stream of the day. It's been a while since we talked to you guys, so I'm very happy to be back on here talking about everything markets that happen to kickstart this week. And kickstart this beautiful month of april and most of all the second quarter of 2024 as well the first quarter as we'll talk about in just a quick second was one of the very best quarters uh in terms of a starting quarter to any year that we've had in quite a while actually the best one since 2019 so obviously off to a good start there really can't complain in that sense but we did have a a relatively weak day over here at the WSO Alpha portfolio. So that is certainly something that we can and that I will be complaining about. So we lost about 37 basis points on the day, took a little bit more of a hit than the S&B 500's 20 basis points lost and a hell of a lot more of a hit than the NASDAX 11 basis point gain. Not a big moving day in either direction. Pretty boring out there. I fell asleep in my computer a couple of times. But of course, the daily peel is going to be just as exciting as always. So make sure you go check that out for some of the charts and all that other bullshit that I'll be referencing here today. But relatively weak day to start off the new quarter, obviously, like I always say, guys, we've got to give these indexes a little bit of a head start. They're just a little bit too easy for us to beat here, you know, given the immaculate talent that the crayon eating apes here at WSO Alpha have. So got to let them off to a little bit of a head start and we'll be back right on top soon enough. Definitely go check out WSO Alpha, subscribe to the portfolio, stay on top of all of our trades, and

you can either make money along with us or bully me when I lose money. All right, either way, let's go ahead and get into some of the banana bits for the day. So like I said, U.S. markets officially had their best start to the year since 2019. More than 70% of S&P 500 companies are up to start the year. very rare thing to see something like that, which is, you know, in direct opposition to the next link that we have here. So that first link talking about how markets are doing phenomenal. Pretty much every stock or at least 70% are up to start this year. Second link from the Wall Street Journal is saying that the Mag 7 is now officially the FAP 4. I think they were just a little bit upset that there's not any alliteration in the term Mag 7. I don't know why they weren't called like the spectacular 7 or the sweet 7. Anything else like that. They should have hit me up. When they, when you need alliteration, just let me know. But they're moving into the FAB 4 here because it seems like there's really four stocks that are dominating markets right now. Here's a little bit of a hint. Apple is not one of them. It's names like Nvidia, Microsoft, Google, Amazon, lifting markets all year, and definitely, especially yesterday because we'll be talking about Alphabet and what they did in just a couple of minutes here. But before we get into that data security company, they've seen Reddit and, you know, Donald Trump's bullshit--ass meme company absolutely plummet since IPOing. And they said, you know what? I want to get a piece of that. So Rubrik has decided to file to go public. This is a data security company that I just heard about today. But if you're a startup tech company and you have the sound brick in your name, apparently that means you get billions of dollars in pre-IPO valuation. So that's where they're sitting right now, despite having close to $400 million in the losses, nearly doubling from last year. So very balsing move from the team over there, but we can't wait to see how that one goes, and we will definitely be covering that in upcoming video. By the way, that reminds me as well. Stay tuned this week as we do have video coverage on Reddit coming out, as well as Donald Trump's company. We'll be talking about the SBF arrest and the sentencing and how it kind of compares. So a lot more content to be coming your way this week, definitely. Make sure you subscribe, make sure you have us on your radar. Turn on the damn notification alert as well. That way you don't miss any of my bullshit commentary on my yapping over here so uh definitely good to stay tuned

for a lot of that stuff here speaking of things to stay tuned for though we got big news from apple

now there's a lot of noise on twitter here today for i guess x but there's been a lot of noise on

x here today for apple to be acquiring companies now this is a big fat allegedly, but Apple is allegedly

in talks to put someone with cash file to use and buy perplexity AI. For the uninitiated

perplexity AI, this is basically a search engine artificial intelligence company. So this would be

in direct opposition to the alleged deal that Apple was going to have with Google to have Gemini

kind of power search engines on iPhones going forward. Most even actually comes into fruition. There's a bunch

of the app on Twitter about Apple purchasing any number of artificial intelligence companies.

Very hard to decide if that's actually true. But even that they just shut down the Apple car

and like their vehicle unit, don't be surprised if Apple makes some big moves in a new direction coming up here soon. You know, initially when the Vision Pro headset was released, there was a lot of hype around it. There was a lot of hopeful optimism, but now it seems like that's starting to die up a little bit. I've heard a lot of people who purchased the Vision Pro and then went and returned it after kind of playing around with it for a little bit. So, you know, they need something to make a splash here. Apple stock has clearly been disappointing investors. And the biggest debate around Apple lately has been, have we reached peak Apple? So maybe if they could dominate the artificial intelligence search market, maybe they won't go away. And instead of just being a tiny, puny little two and a half trillion dollar company, they can get back into that $3 trillion range with Microsoft. All right, let's go ahead and get into one of the big stories for us here today. So we have Malcolm Monty. We are of course talking about Q4 GDP revision. So I don't know if you guys know this, but basically what the U.S. does is we have a really difficult time counting things like our economy.

So what we do is we basically take three guesses and we say, you know, third tries the charm and the third guess is the most accurate assessment of economic performance for any given period.

So what we just got over this past weekend on March 28th, beautiful Good Friday gift, what's the latest revisions to GDP estimates for Q4 of

2023 and therefore all of 2023 in total now one of the best feelings in the world I imagine

because this has never happened to me before was walking into a room just thinking yeah I could

fuck up everybody in this room if it came down to it like if it was an all-out brawl I would be

the last one standing like I said I have no idea what that feels like but I imagine it's a pretty damn good feeling to be feeling that strong. But what if you were even stronger than you had previously expected? That's exactly what happened to the US economy here in this GDP reading. So effectively, we all know that the US is the most jack guy in the room. The largest economy by far, it's not even close. Don't talk to me about China right now.

It's not even close whatsoever, especially after the growth rates will be cheap this year. So the U.S. they walked in, they thought they were ripping three reps of 225 on bench, but they actually went in there and ripped like five or six because they blew everybody away with these new numbers. So, drum rule, please, because US GDP accelerated at an annualized rate of 5.1% in Q4.

Now, that is nominal numbers, so that's pre-inflationary numbers,

but 5.1% growth is almost unheard of since the fucking post-World War 2 days,

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