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

and video stream of the day. Thank you all for joining us once again. It has been a while

since we've been able to be back here with the DailyPiel Daily Podcast slash video stream of the

day. So we are very excited to be back with you. We hope you guys are excited to see us back as well. This is one of our favorite things to do. But I have unfortunately been missing the DailyPeele Daily Podcasts of the day for the past week or so. Very sorry for that. 100% my bad. Basically, been a little bit busy with traveling across the country, trying to relocate the

Daily Field Global Headquarters from down here in Charlotte to our new global headquarters up in

Massachusetts. So it's been a bit of a process there, but it's also allowed me to spend some time

traveling across the country talking to all of the interesting folks out there, which was great

for the past couple of days because as you guys have noticed, if you're reading the editions, which if you want, go fucking subscribe. But as you've noticed, we spent a lot of time talking about U.S. politics. One of our least favorite things to talk about because every time we bring it up, we hear from a bunch of you yappers out there telling me how wrong they am. Guys, I know I'm wrong about everything that I do. I'm used to it at this point. So don't feel the need to share with me every single time because that's going to be an endless stream and you're going to have to quit your day job to spend all that time correcting me. But we had to do it because this is the first election cycle that the Daily Peel has existed. So we felt that it was our responsibility as the largest, most popular, most trusted platform in financial media

to come in here and explain to you guys exactly what the economic proposals from our two

leading candidates have been so far. Yes, the mind-numbing idiocy is the first thing that you'll

notice out of all of these, but nonetheless, it was a good chance to talk about that. So today,

what we're going to be doing is actually focusing on a much more important U.S. institution in the economics of a much more important U.S. institution than the presidency. So make sure to stick with us to the end. That's our thought banana topic of the day. So I'm going to be talking about it in about, I don't know, 10, 15 minutes, depending on how much I yap here today. But nonetheless, that's going to be an interesting one, quite the unique story for us. But before we get into that, we have a whole lot to talk about here. So it was a brutal day for markets on the session. Pretty much everything was in the red ahead of Fed-shared Rome Powell's speech tomorrow morning at the Jackson Hall Federal Reserve Conference. He'll be up there yapping himself at about 10 a.m. Eastern time tomorrow morning. By the way, this Jackson Hole Fed conference, you might be wondering, David, why the fuck are all these central bankers from all over the world being forced to schlep all the way out to fucking middle of nowhere, Wyoming? Well, I'll tell you, first of all, Jackson Hole, beautiful place. I'm sure many of you skiers are aware of how beautiful Jackson Hole is, but many of you flyfishers probably are as well. And that's the entire reason that the Fed actually meets at Jackson Hole because former Fed Chair Paul Volker, who was the Fed share for most of the 1980s, I believe it was 79 to 87 that he was in the position. I couldn't have those off just a little bit, but whatever. This guy didn't want to host the Fed conference in, you know, New York, D.C., anywhere regular. He was like, I want to do it, but this shit's really boring to talk about. So I really need to be able to go and fly fish at the end of my speech. And so that's exactly why these are being held in Wyoming. Pretty sick story right there. But nonetheless, there's a lot of news that's going to be shared tomorrow. So the market's feeling a little bit nervy heading into that. We could see that by the performance of the WSO Alpha portfolio today. We were down 1.37%. We actually did outperform the NASDAQ index, which was down 1.67%, but we did lose out to the S&B 500, which lost about 89 bibs for the session,

the Rost 2,000 out about 68 basis points.

Basically, anything with a higher valuation than the overall index was selling like hotcakes yesterday.

It was definitely not the time to be a high PE stock or, you know, a mega cap tech name or a profitless tech name, for example, those got

absolutely hammered. And that was kind of the main driver of the WSOath was portfolio losses

of the day. Now, if we took out of this one position, we would have outperformed both the Russell and

the S&B 500 as well. But one of our what's right names absolutely, or what's rotten names of

the day, excuse me, completely shit to bed down about 15% before I step on all of our content. We'll get into that in a couple of minutes. But other names that were laggards included names like Tesla and Vida, all the big names, once again, like I said. So rough day for the market, but the alpha portfolio did what it usually does and tends to outperform the NASDAQ on down days. Okay, we are up, by the way, 9.64% for the year. I feel like I should mark that. Also, I haven't timestamped this. It is currently 7.05 p.m. on this beautiful Thursday, August 22nd, 2, 2004. So now that we've taken care of all that stuff that I forgot about in my week of absence here, let's go ahead and get into the banana bit.

So first and foremost, Jesus Christ, this lady, I don't know if I feel bad for her or if I'm angry at her, but Miss Walking L Lena Khan of the FTC proves exactly why we've given her that nickname of the walking L once again because the FTC a couple

months ago they had this crackhead idea to try to ban non-compete agreements completely basically

from the U.S. economy there was no precision no thought process besides you know what I'd really like

...