Absolutely insane that NVIDI is going from some company that only absolute nerds knew about.

I was a company a couple of years ago and it's about to become the largest in the world.

A spectacular run, one for the history books to say the absolute least.

What's up, Apes? Welcome back to another edition of the Daily Peel's Daily podcast of the day.

Thank you all for joining us here once again on this beautiful Monday, October 14th, 632 p.m.

Just changed the 632.

We appreciate you all joining us here on the world's most popular and influential podcast.

Your favorite podcast, really everybody out there's favorite podcast. Nobody ever talks about it because it's one of those things that's just so ubiquitous that it kind goes without saying at this point. So if you're wondering why we're not on CNBC and Bloomberg every day, that's exactly why. It's just, you know, so popular that everybody's already aware of it. It's already priced in, really. Anyway, let's go ahead and start talking about some of the stuff

that you guys care about here the s mp 500 was up 77 basis points for the session here today

kind of a nothing meaningless day there wasn't really any big news that was going on anywhere

there was you know it was a painfully average day painfully mediocre which would be the title of a book

if you wrote one about

my life. But that's what markets were like for the day. So we had a 77 basis point return for the

S&P 500. The NASDAQ was up 87 basis points. The Russell 2000 up a cool 74 basis points. Not that

anybody cares, but the Dow was up 47 basis points as well. So one of those days where there was really

no news driving equity prices,

but it was really just like the market's upward bias was put on full display here today.

So generally markets are going to have an upward bias because most investments have a positive

expected return. Otherwise, you wouldn't really be making them. So most of the time you expect

money to be created, we generally anticipate that the future is going to be better than the past.

Like, do we think 2024 is better in terms of, you know, in terms of purchasing power and economic livelihood and really just quality of life than it was in 1924?

Yeah. So that's exactly why markets tend to have an upward bias and that was put on fault display here today.

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