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Wall Street Oasis

Olympics Break Records | The Daily Peel

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 7 August 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

WSO Weekly Wrapup - ⁠⁠Sign Up for the Newsletter Here⁠⁠ The Daily Peel - Sign Up Here Join our Discord - Sign Up Here

Transcript

Click on a timestamp to play from that location

0:00.0

What's up, Apes?

0:07.9

Welcome back to the Daily Peel's Daily Podcast of the day.

0:10.7

Thank you all so much for joining us once again on this beautiful Tuesday, August 6th,

0:15.3

2024.

0:16.3

It is currently 6.42 p.m.

0:18.5

Coming at you guys a little bit earlier than expected. I got dinner reservations here tonight.

0:22.7

Big event going on over here at the Daily Peel Global Headquarters. So that's why we're coming

0:27.0

at you a little bit earlier than otherwise, but we still have plenty to talk about as always.

0:31.8

Thankfully, the market today decided to be much like my green screen in the background,

0:35.3

printing nothing but green, moving up.

0:38.0

Very good day for the session and a very good day for the fellas over at WSO Alpha.

0:42.3

Some of you may remember that yesterday I did fire every single person on the WSO Alpha team,

0:46.6

but today I have actually rehired them as well.

0:49.5

Obviously we cut their contracts in half, but still, it was a solid day for the portfolio.

0:53.7

So WSO Alpha

0:55.1

led the way up approximately 1.06% for the session. We did outperform both the SB 500 and the NASDAQ.

1:02.4

This V500 on today's session was up an enormous 1.04% in the NASDAQ, a kind of eerily similar,

1:09.6

1.03%. The Russell 2K did outperform us, so a very good day for small caps, a 1.09% and fuck the Dow.

1:16.6

Nobody cares about the Dow.

1:17.6

It's only six stocks, and it's only quoted by people who have pacemakers or broken hips or some kind of gray hair in some location on their body.

1:25.6

So we are not going to be talking about the Dow because fuck all that shit. Nonetheless, very solid day for U.S. equities. It seems like the

1:31.9

temporary depression kind of hit its peak on Monday of this week. Now, clearly if equities aren't

...

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