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Wall Street Oasis

Revealing the "world's most powerful" AI chip! | The Daily Peel

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 19 March 2024

⏱️ 25 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?

0:01.0

IPEAPES.

0:02.0

What's up, Apes?

0:03.0

Hope everybody is having a spectacular Monday and had a wonderful start for the week.

0:16.0

We certainly know that artificial intelligence companies did after the performance

0:19.0

those stocks put up yesterday. There was a slew of announcements over the weekend from AI companies as well. We'll be diving into all of that, making sure that you guys are staying up to date on the most important emerging industry in the entire world right now. We'll be diving into that in just a quick second. Then of course we got some major stock movers of the day. Some were looking pretty good like those artificial intelligence companies and then of course we have some absolute pathetic embarrassments like names like

0:41.4

fisker which might have just had the final nail put in the coffin we'll be talking about that in

0:45.5

just a quick second and given all of our thoughts along the way then of course we'll finish off

0:49.1

with some classical wild speculation uh we got some of the dumbest, most ignorant comments about the green energy, clean

0:55.8

energy transition anybody has ever seen. Guys, I kind of go full Greta Thunberg here, and you guys all

1:00.0

know how much I dislike that individual, but I went full Greta Thunberg towards the end, so definitely

1:04.5

stay tuned for all of our thoughts on that going forward. Now, of course, before we dive in, let's check

1:08.9

in on WSO Alpha and markets overall.

1:11.3

So it was a fairly good day for Alpha. We were up about 30 basis points. We were feeling pretty

1:14.7

confident until we had changed the tab that we were on and we saw the index performances. I mean, we did just get kind of embarrassed. The S&P 500 more than doubled us on the day. They were up about 63 basis points where the NASDAQ was up 82 bips on the day. But that puts us at a 7.6%

1:29.3

upside for the year so far.

1:30.7

We are still underperforming the indexes, but that's the aim of the game when you use the barbell strategy that we're starting to employ here. You know, we are starting to kind of draw down that fat cash pile that we've been sitting on.

1:41.1

But, you know, we did just place a recent trade, actually.

1:44.1

So definitely

1:44.5

go ahead and check out the portfolio at WSO Alpha, if you want to stay up to date with all of our

1:49.2

trades, gambles, wild speculations going forward. But when I see barbell strategy, you know, we have a large

1:54.6

percentage of the portfolio invested in cash, and then we have a certain amount of the portfolio

...

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