What's up, Apes? Hope everybody is having a phenomenal day out there. I know you're having a better one than me because I'm just going to ejected from my beer league softball game here, so don't ask me how that happens.

That's a story for another time. It's actually not even a beer league. It's a church league,

and that's largely why I got ejected. So we're not off to a strong start tonight, but of course

we had to come with the Daily Peel's live video here for you guys for the day. It is currently

9.27 p.m. on this beautiful Tuesday, March 26, 2024. Welcome again to the video stream. My name is David. Let's go ahead and get into things. We are, of course, talking everything with markets. That's going to be moving the tape for you guys tomorrow. So, of course, just going over the most important stuff here. I'm going to try to keep it a little bit shorter, so you guys don't have to listen to me yapping quite as much here. But let's go ahead and get into the market snapshot for the day. So WSTO Alpha portfolio, fairly strong day despite the fact that we lost 24 basis points that is outperforming the S&P and the NASDAQ, both those pathetic little indices, they did absolutely terrible. Nasdaq locked 42 basis points. I mean, that's completely humiliating. Can you imagine if we did something like that? I would quit my job on the spot. But the NASDAQ lost 42 bibs. The SMV lost 28 bibs. Bitcoin and Ethereum, of course, had a volatile last day. Still moving higher, so that kind of helped us a little bit on the downside. Tesla had an absolutely phenomenal day, which we'll be talking about just a quick second. So that obviously helped us out a little bit as we have a bit higher of an allocation there. We are what the smart people would call overweight. So, of course, that helps out. But overall, strong day for the appeal. Let's go ahead and get into some of the banana bits of the session. So I don't know if you guys saw this, but this bridge in Baltimore completely collapsed yesterday. You know, it was an absolute tragedy. Several people are still missing from my understanding about six individuals are currently still missing, so our thoughts and prayers go out to them. Not that I can really do anything, but I certainly hope that they get found and, you know, thoughts and prayers go on to the family, of course, and all that jazz. Now, it did also completely fuck the shipping industry, much less important, or I guess more broadly the logistics industry here in the United States so that wasn't exactly ideal either but you know

I think we know what the what the important thing to be focusing on in that case is

now I also didn't think this was entirely possible but it looks like your

Starbucks is actually getting more expensive excuse me that bullshit mocha frap

whipped cream whatever nonsense you guys

are putting in these lattes, those are going to get more expensive because cocoa beans are

absolutely moaning right now.

Prices are through the roof.

They're setting near-record highs or at least multi-year highs right now.

And according to this report, it's not going to get any better.

Let's a CNBC article too, so you don't even need a subscription to read it.

Go ahead and check that out. Now, treasury yields, on the other hand, are still completely fucking us over, still rising up through the roof. They've been up all through in 2024, despite Jerome Powell's switch to a more doveish perspective for Ziazza, 23. Obviously, that would imply the rates are going to fall, which would then translate into lower bond yields. But that's not more shame right now.

I'm pretty sure the bond market is conspiring to keep mortgage rates higher just to keep me out of the homeownership business. It's got to be the enemy at work. They're always trying to keep me down. You guys know how it goes. All right. And then speaking of housing, you know, yesterday, we tried to be all happy and go lucky about the housing market we're a little bit biased because we are want to be home buyers

eventually at some point but you, the data that came out today and late yesterday was absolutely horrendous. We got new home sales. So the vast majority, about 70 to 80% of homes sold in the United States are what we call existing, meaning they weren't newly construction. They've had a previous residential owner before, is that definition new home sales came in below expectations they actually fell month over month so it's all fucked once again i mean good luck out there if you try to buy a home come and commiserate with me if you are all right let's go ahead and get into the big story for the day we have this is. We get a lot to talk about here because feelings

are popping off. The good vibes are going. Sentiment is through the roof and we're starting to

get a little bit nervous because of it. So you guys know that that old saying, bad markets make

strong traders. Strong traders make good markets. Good markets make bad traders and bad traders make

weak markets and the cycle continues and

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