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Wall Street Oasis

The iCar Goes iBust | The Daily Peel

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 6 March 2024

⏱️ 21 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

Good morning.

0:03.0

Good morning, Apes.

0:15.0

I hope everybody's doing well here today, and thank you for tuning in with us on this pre-recorded video segment. We are not doing the Daily Peel live streams here today. We are experimenting with some new formats here. I'm going to go ahead and try out these video recordings. As you guys can see, we're a little bit more casual. You're getting a sneak peek into my bedroom here at the Daily Peel Global Headquarters. You know, just like Elon Musk, I sleep on the factory floor. I am breathing in, day and day out, just for you apes right here. So welcome to the first edition of the most important video that you're going to watch every single day for the rest of your life. All right, so instead of the DailyPeele live streams, we are doing these pre-recorded video formats, like I said, trying out with some new stuff. You know, a lot of people would have a bookshelf or some other nerdy shit set up in their background here. But at the Daily Peel Global Headquarters, we know that reading is boring and stupid, and so we would never want to force you guys to do that. But we do send out a newsletter every day. So in order to supplement that, we're of course going to give you this much more fun kind of dynamic reading here in this video so

1:11.0

thank you for joining us when we get as big as mr beast you guys who watch this video here

1:15.5

maybe we can give you some IPO shares for the wso alpha portfolio once we of course do go

1:19.9

public and become even bigger than the SPY index all right but either way enough nonsense

1:24.7

enough of the housekeeping let's go ahead and dive right in so we're coming coming at you today with the Daily Peel number 660 on this beautiful Tuesday morning. It is March 5th, 24. Can't believe it's March 5th already, but it is 1152 a.m. here, and we got a hell of a lot to talk about. First and foremost, all of you who use TikTok may have noticed that the app has been a little bit quieter over the past few weeks.

1:46.1

That's not because the CCP got into the spyware or anything and decided to turn down the volume on some of that nonsense Taylor Swift music.

1:53.0

But it is because there are some beef going on between TikTok and one of the biggest music producing, record label, whatever kind of company you want to say.

2:00.7

One of the biggest musical production studios in the entire world, Universal Music Group, has decided to turn their switch off on the TikTok app. We'll be talking about that in just a quick second. Then, of course, we'll get into some stock movers of the day. Tesla was down big time. You guys know we have the Tesla report coming out this week. Definitely stay tuned for all of our thoughts on that. Then finally, this weekend we got some breaking news out of Cupertino with Apple deciding to cut plans for one of their allegedly most innovative kind of new products that they were going to be releasing. We all know Apple is going harder into the software game and this seems like another edition of that so let's go ahead and

2:34.3

keep scrolling down let's take a look at the market snapshot for the day w so alpha portfolio absolute

2:39.2

piece of shit day yesterday thanks to a couple of our holdings we were down 31 basis points

2:43.6

versus the smps loss of only 12 basis points that brings our year to day return down to is 7.85%

2:49.2

versus the smpPs 8.18%.

2:51.4

Don't even ask me about the NASDAQ because they're absolutely humiliating us for the year so far. But you guys know it's early. You know that we'll always make a comeback here. Just like 2023, we'll probably be right in between these two at the end of the year. I'm certainly keeping my fingers crossed that that's the actual outcome that we get. But if we do continue to see these cryptos absolutely rip like we are right now, Bitcoin and Ethereum in particular, then we should be on top of all of them. Now, we do have Bitcoin trading at about $67,388. Let me go ahead and check that price action here this morning. See if it's set that new high yet. Let me go on to Coin Gecko. All right, no, so it looks like we're trading at $65,121.33 right now.

3:29.7

It's actually down bigly, as a certain former president would say, from a high of $68,912.84.

3:37.0

That is about $70.80 short of the all-time high of $68,990. No new all-time highs just yet, but it seems like we're right on the cusp of it, especially if you're bullish, definitely get in on that now. ETH not even close to its all-time highs of near 5,000. We'll see if you can get back up there. We would absolutely love it because that's pure outperformance for us. Now, the S&P 500

3:57.6

obviously doesn't have any allocation to Bitcoin. So if these continue to absolutely rip WSO Alpha

4:03.7

portfolio will simply just benefit from that because we have an actual weighting to these

4:07.9

crypto assets, whereas the S&P 500, the NASDAQ and all these traditional indexes don't actually

4:12.4

have that. But so once we IPO, maybe you guys will be able to get some spot Bitcoin and Ethereum prices within the Alpha portfolio. Definitely stay tuned for that and, you know, we'll probably be even bigger than SPY as soon as we list. But let's not get too excited just yet. We have some banana bits of the day. I do have five to go over here. It was a busy weekend, busy night of news as well.

4:33.6

First and foremost, we got to talk about some antitrust regulation.

...

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