What's up Apes? Welcome back to the DailyPeele's Daily Podcasts.

Thank you all for tuning in once again on this beautiful Thursday, August 8th,

2024. It is currently 8.23 p.m. here at the Daily Peel's Global headquarters. We got a lot to talk about here today. We're going to be talking about some good news for the housing market for the first time ever. Basically, my takeaway is that the housing market, and Freddie Mac specifically, had to just wait until I signed the dotted lines before they could actually bring rates down. But we'll get into exactly what's going on just a quick second. We had an absolutely disgusting earnings day from the likes of Bumble. Love is in the air, but they're having a tougher time

monetizing our sex lives apparently. Then we saw a very good day from Under Armour, despite

horrific performance from Nike in their latest quarter. Now, Nike's not going to report till

towards the end of September. So we don't really have too much of a light comparison because Nike's last report was for the first quarter. And then the timelines are just a little bit off. But still, horrible day for Nike, great day for Under Armour in response to the latest earnings. And then we're going to be talking about population dynamics here in the United States. Which states are stealing all the people, which states are kicking them out,

and where you should move to if you want to be standing next to the biggest pile of cash possible and earning as much as you possibly can. Of course, thank you all for tuning in once again. If you like the quote unquote content, if you can even call it that, then we're putting out here at the Daily Peel. Make sure to give us a like, a subscribe, refer to your friends to the Daily Peel, really do anything to grow our subscribers, our views, boost our algorithm as I humiliate and essentially flash-late myself here on camera and beg for your approval. It'll probably help me keep my job for a little bit longer, but what will probably help me keep my job is if I actually talk about what I'm supposed to talk about here instead of of just yapping for hours at a time. So let's go ahead and get into that. First of all, phenomenal day for the markets. Round of applause. A round of applause for the S&P 500, the NASDAQ, and the Russell 2000. Each one of those indices was of at least 2% for the session with the S&P, bringing up the rear up 2.3%, followed by the Russell 2000 up 2.43%, and the NASDAG up 2.87%. Huge update for large-cap tech stocks. We saw Nvidia up 6.13%

for really no reason whatsoever. We also saw a very good day, pretty much across the board.

Specifically, another company had a great day called

Zillow Group. This was our first equity research report that we published for the WSO Alpha

portfolio. It was easily our leader for the session. And despite the fact that shares rose 18.22

today, the WSO Alth portfolio did lag behind slightly up 2.19%. We have a little bit less exposure to, you know,

mega-cap tech than the indices do. So that's why we'll trail behind on updates that are led by

mega-cap tech stocks. But nonetheless, when the market regains its sanity and realizes there's

more than seven companies to invest in, we plan to be on top. That's exactly why we've outperformed,

excuse me, since inception for the last 10 years, for the last five years, and for the last three years. It's really just over the past seven months or so that we've been relatively down bad. In fact, we've been, haven't even been down bad, but just compared to the indices, we're up 6.07% for the year so far. Not too bad, but still embarrassing the fact that we're underperforming the indexes. We'll see if I have to fire any analysts this month. Let's go ahead and get into some of the banana bits for the day today. So first and foremost, we got some good news on the jobs front as well, which is really the reason that the market outperforms so much, because last Monday's complete meltdown. I know a lot of people are citing a Japanese

carry trade as the fundamental driver of it. Yes, that probably had some of an impact, but really

what I think happened on Monday was more of an amalgamation of a bad jobs report, a relatively

bad earning season, and basically just a worsening economy. Again, not bad, but worsening. Just not in the

Goldilocks period anymore. All of the effects from COVID are basically gone. And with those

effects gone, we're back to normal economic circumstances. We don't have too much of a demand

boost or too much of an artificial boost from the Federal Reserve and the federal government

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