Venture Capital Deal Volume Plummets | The Daily Peel
Wall Street Oasis
Wall Street Oasis
4.9 • 534 Ratings
🗓️ 5 April 2024
⏱️ 19 minutes
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| 0:00.0 | What's up, Iaps. Hope everybody is having a phenomenal day out there. You are definitely |
| 0:03.6 | having a better day than markets did yesterday, at least at the end of the day, because markets started completely dumping late in the afternoon. There was some less than positive talk from Fed officials about interest rates going forward and the lack of cuts coming later on this year. So, of course, we'll be mentioning that in just a quick second. But when we'll get into all that stuff, let's go ahead and break down the performance of the day. So it was actually the worst day for the Dow Jones yesterday since March of last year. Now, nobody on Earth should care about the Dow. It's 30 stocks in it. It's basically your grandfather's version of the S&P 500. So really nobody should actually care. Now, the Dow did end up losing just about 1.36% on the day. The NASDAQ lost even lower at 1.4%. That's a much riskier index, though, so kind of makes sense. The S&P lost about 1.23% on the session. So very ugly day for markets overall, and in comparison, a great day for the alpha portfolio. Now, we still did lose about 44 basis points. We're never going to pop bottles for and losing money, but still losing less money, we'll take the win. I mean, a win is a win is a win as a famous coach once told me. So, you know, we'll take that performance obviously isn't ideal. We got some assistance from Bitcoin Ethereum and most of all are cash pile yesterday because cash thankfully doesn't trade in public markets so doesn't necessarily lose that much value |
| 1:15.6 | over time so obviously we were very happy to see that now moving on into some of the big |
| 1:19.8 | stories of the day here guys we do have a lot to talk about but before we do let's get into some |
| 1:23.6 | of the banana bits wanted to give you guys a primer for the job before coming out later this |
| 1:27.2 | morning or who am I kidding you guys a primer for the jobs report coming out later this morning, or |
| 1:27.7 | who am I kidding? You guys almost definitely woke up afternoon here today. So a couple of hours ago, they dropped the jobs report for March. Go ahead and check that out. And if you want to kind of correspond that with the link that I have in here, that's a great idea too, because this CNBC link kind of points you in the direction of what you should be paying attention for. A little bit of a mind act right there. |
| 1:45.2 | So go ahead and do that and impress your economics teacher later on today. Now, we all know that Apple has ditched its car unit recently. This was called Project Titan. It was a 10-year project cost over $10 billion for the company. And they completely ditched it earlier this year. Now, it a complete loss because they're basically taking all of those robotics engineers, |
| 2:02.9 | moving them over into a different part of the company to probably waste a bunch of time and billions of dollars on, |
| 2:07.8 | but they are effectively entering the smart home robot market. |
| 2:11.6 | Now the thing, the picture that I saw of this thing kind of looks like a Roomba combined with Alexa, |
| 2:17.3 | and it probably has a trigger on it. |
| 2:19.2 | So maybe don't put this in your house just yet. Let your friends do it first and see if they survive through the night. |
| 2:24.5 | Then maybe consider it. Now, of course, our third story for the day here, very powerful earthquake rocks to Taiwan earlier this week. |
| 2:31.4 | It was the most powerful earthquake in 25 years. Now, in addition |
| 2:34.5 | to this being an obvious human tragedy, definitely thoughts and prayers to the people of Taiwan, |
| 2:39.0 | obvious human tragedy. A lot of people are concerned over the supply of semiconductors as well, |
| 2:43.5 | because that's where pretty much every semiconductor that's worth anything is produced, |
| 2:47.2 | especially Taiwan Semiconductor Manufacturing Co. Controls about 60% of the global semiconductor market. Thankfully, there's nothing that Lina Khan can do about a company based in Taiwan, but still, people are getting a little bit concerned over the chip supply as well as, of course, or the people involved in the tragedy. Now, finally, we have a study here from the Daily chart book you get shout out to the daily chart |
| 3:07.5 | book god they're doing the lord's work over there and basically what they said is that boomers |
| 3:11.9 | absolutely do not want to move out of their houses they're not planning on selling and moving for |
| 3:16.0 | retirement whatsoever and who the fucking blame them when you have a sub 4% mortgage rate that's |
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