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Wall Street Oasis

How the Fed Lost 114.3 Billion in 2023 | The Daily Peel

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 28 March 2024

⏱️ 21 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? The commercial real estate market is not falling apart, and a ton of people seem to be a little bit upset about it.

0:17.9

Meanwhile, the Federal Reserve is racking of losses like there's no tomorrow,

0:21.3

and absolutely nobody is upset about it. So we'll be talking about all of that and more. Of course,

0:25.6

we got a lot of stock moves on the day. Some memes talk to talk about as well. So definitely stay

0:29.7

tuned for our thoughts on that and much more going on here. Guys, it is officially the final

0:33.8

trading day of the first quarter here. So WS2 Al Alfa portfolio ended up the first quarter up about 9.91%. We are still underperforming the indexes for Dow.

0:43.3

Like we said, guys, we gotta give them a bit of a head start. You know, the indexes, they tend to struggle a little bit. We don't want to embarrass them too much of this early. So we're up 9.91%. The NASDAQ is up about 10.49% whereas the SMP 500 is completely dominating up a very nice 10.69%.

1:00.0

So obviously love to see that, you know, it was kind of close to a rocky year, but it seems like J-Paus-Davish bent towards the end of December of last year has kind of lifted markets and carried through a Santa Claus rally into a Valentine's

1:11.7

Day rally, St. Patty's Day rally, whatever the fuck else we want to call it. Of course, welcome to the

1:15.9

Daily Appeals video stream for the day, guys. It is currently 7.26 p.m. on this beautiful Wednesday,

1:21.5

March 27, 2024. Guys, it is a shortened trading week as well, the Good Friday holiday for all of those who celebrate.

1:28.7

Oh, you good Catholics out there.

1:30.2

That's going to be this Friday, and so markets are actually going to be closed on that date.

1:34.0

But, of course, we still have Thursday to get through.

1:36.1

So definitely check this out to get prepared for the markets' actions for today.

1:39.7

You want to be prepared for the tape movement.

1:41.2

So come talk to us, let us know exactly what your thoughts are, what you want to see more of. We got a request to analyze Palatier Stock a couple of days ago and just dropped that video here earlier today. So go ahead and check that out on the channel as well. We kind of gave the full rundown there, so I'm not going to give any spoilers right now, but of course, go disagree with me. Tell me how wrong I am and how ugly and stupid I am as well. I love to hear that stuff.

2:02.6

All right, enough of that nonsense, let's go ahead and get into the big stories of the day, but before we do some banana bits for you guys.

2:08.6

Actually, today is kind of a holiday, or maybe it's going to be a future holiday in financial services space, and certainly in the digital asset space space as scumbag fraud, aka Sam

2:18.2

Bankman Freed, is officially getting sentenced on Thursday morning today. He's going to be told

2:22.9

how long he's meant to rot in a prison cell. Now, this crime, Sam Bankman's freed scandal of

2:28.1

about $8 billion has been described as one of the largest financial frauds in American history.

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