What's up, Apes. Welcome back to the DailyP Feels video stream of the day. My name is David. It is, of course, a beautiful Monday here, June 3rd, 24. It is currently 9.23 p.m., which means it's to wait past my bedtime. So apologies in advance if we get a little bit of a little bit. But we're going to do our best to get you guys ready for the markets here on Tuesday morning, June 4th. We're getting into the summer trades now.

I mean, we've kind of been on that vibe for a little bit, but it's getting to the exciting part of the year, where we can say, okay, this is what the first half is, this is what we're looking at for the second app. We can start to make year-over-year comparisons that actually matter in this case. Now, year-over-year comparisons are fine. And what I don't want to talk about today is day-over-day comparisons,

and that's because the WSWL portfolio is down about 17 basis points on the session. That puts our U-D return down to 8.54%, which is still pretty respectable, but absolutely embarrassing compared to the S&P and the NASDAQ, both are remaining over 10% for the year so far. that we did underperform on the day at least.

I mean, once again,

both the NASDAQ and the ESB were higher as both are remaining over 10% for the year so far. Now, we did underperform on the day at least.

I mean, once again, both the NASDAQ and the S&B were higher as big tech companies basically carry the entire indexes.

It's pretty easy when you put a quarter of your indexes into literally the best businesses ever in human history.

Now, we on the other hand, we're not sheeple like a bunch of these fucking portfolio manager out here, closet and passive managers. We're taking some stances. And so, you know, it's going to be a little bit rocky, but with these new positions, we expect long-term acceleration. And we actually have a new report that's going to be dropping for WSO Alpha at some point this week. This one is going to be on Tillray. So expect a very interesting breakdown of the cannabis sector. I don't think that our take is going to be exactly what you're expecting. So definitely stay tuned for that. And go sign up for WSO Alpha. I mean, if you don't, like I've said a couple of times on here now, you are officially dead to me. So let's go ahead and get into the big story of the day here. We're skipping the banana bits. we we're skipping all that bullshit and going right into Macromunkie. Because we need one big question asked today. And that is, man, you factoring? That's our question for the U.S. economy right now, because it seems like absolutely nobody is. You know, I'm calling my dad. I actually did call him earlier today or text him at the very least. And he's allegedly a carpenter, which means presumptively that you go over there and build shit, but nobody's building anything in the U.S. economy right now. So maybe I should call my mom and tell her to figure out what the hell he's doing all day. Because clearly he's not building anything. We got construction reports. We got manufacturing reports here on Monday and at the close of last week. We got to talk about how this all fits together and what it means for the broader

U.S. economy. So getting into some of the important numbers here today, the most important

was probably the ISMPMI. So for those of us who don't speak absolute fucking nerd virgin finance, bro,

ISMPMI stands for the institute of supply management

purchasing managers index now what does that mean basically this ism institute sends out a survey

to a bunch of purchasing managers across the united states depending on what sector they're in now for the

manufacturing pm i that's going to go to you guessed it manufacturing. So they're asking purchasing managers and manufacturing organizations what their expectations are for

purchases over the next X period. Whatever kind of period they're looking at could be

monthly, quarterly, annual. This case, we're talking about monthly, as we mostly do with most

of our economic reports. And we absolutely shit to bed last month.

So the PMI report, because it's a survey, this is something that the U.S.

government is capable to keep track up, to like kind of actually count in real time.

Like they shouldn't be able to do for everything if they were using literal fucking

pre-color TV technology for most of our data collection but either way I

digress the ISMPMI declined to 48.7 percent of quite a steep drop from right around the 50

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