What's up?

Happy first day of spring to everybody out there.

And in case you didn't know that it was the first day of spring, don't bother going outside,

checking the temperature and definitely don't go and touch graphs. Just get right back on your computer and look at the stats related to the housing market. So, as the northern hemisphere in the United States starts to thaw out from this winter that we've been having, the housing market is starting to experience a very similar dynamic, finally starting to thaw just a little bit. So great date for housing stocks. It really was the first

positive news related to housing since the people of Florida found out that air conditioners were in bedded. So we'll be talking about that in just a quick second. Of course, we've got some major stock moves of the day to get into. We have Reddit IPOing. The ultimate meme stock is officially available for purchase by idiots like you and me. So I can't wait to see how you to gamble this thing away and what kind of nonsense we can get it to. Let's turn this into the new GME, you know, I need some excitement in my life, and I can't remember the last time I felt joy since GameSob hit $300 a share, so let's go ahead and do the same thing with Reddit if you guys don't mind. Then, of course, to finish up the stories for the day, we have a huge lawsuit that just dropped yesterday against none other than the King of Cupertino themselves. The DOJ is going after Apple. So this is basically the fourth try in the past four years that the DOJ has taken a swing at mega-cap tech companies. We had Amazon alphabet meta-platforms. They all took it right on the chin. we don't expect much less from Apple, but the case here is pretty damning from the DOJ

substantive. We had Amazon alphabet meta platforms. They all took it right on the chin. We don't expect much less from Apple, but the case here is pretty damning from the DOJ, so stay tuned for our thoughts on that in just a quick second.

Of course, before we get into anything too fun, let's talk about the market snapshot here in the day.

It was an absolutely phenomenal day for the alpha portfolio. We rose about 40 basis points and completely destroyed the pathetic, embarrassing returns of the NASDAQ. They only rose about 20 basis points on the day, while the S&P 500 rose about 32 biffs. It was a great day to be underweight Apple. That was a huge reason for the success on the day. Plus, like I said, outperformance and housing stocks. That helps us out a ton, especially our Zillow call. If you haven't read the Zillowow report go ahead and check that out it's on our site it's on my lincoln page go ahead and find it and let us know how wrong we are because we would love to lose money right alongside you there's nothing more nothing creates better friendships than losing money together so getting it on them with us and we'll have a lot of fun along the way. It was a relatively weak day for Bitcoin

Ethereum and other crypto assets as well. You know, since the launch of the spot ETFs back in

about mid-January, it's been nothing but ripping to the moon for the first, you know, 11 weeks

or so or the first like eight weeks or so over a long event. But over the past week, this thing

is absolutely plummeted. Bitcoin, they set new all-time highs above the $72, $73,000 range, currently trading around $65,000, but it's good to see that they were able to come back up and cross over the $65,000 line once again. This is the kind of volatility that Bitcoin investors have been used to for years, but now we're talking about grandma and grandpa, these traditional finance,

boomer investors that are getting in on the asset class. We can't wait to see how they're going to react because their inflows are what's been driving a lot of these money managers to be purchasing a shit ton of Bitcoin and Ethereum that's been boosting the price of the meantime. So we can't wait to see how they handle this kind of volatility. They might, I mean, these people are old. It's boomers, guys.

They're going to get whiplash if you start to fall too fast once again. So we'll see what goes on over the coming days. But all right, let's go ahead and get into some of the banana bits for the day. So first and foremost, leave it to the Swiss, guys. If anybody is going to be taking a financial risk, it is going to be the Swiss. And they did not disappoint on that front yesterday.

The Swiss National Bank officially becoming the new trendsetter for rate cutting. They actually had the ball to come out here and cut their rates while the Bank of England and the European Central Bank. They just kind of follow too with what the Federal Reserve did and held rate steady right now. They pretty much do that every time. Their meetings are like a day after the Fed. So I so i'm pretty sure they're just you know looking over at jeep house tests and copying whatever answers he wrote down at least that's certainly what it seems like but hey we're definitely not mad as long as they're not raising rates because that makes my portfolio go down and that makes me cry myself to sleep so we definitely don't want that to be happening but shout out to the swiss national for taking on those risks. All right, commercial and industrial loans are starting to come back to life as well. These things committed suicide at the start of the pandemic effectively, but now just over the past couple of months, we're starting to see these things start to pick back up and get into the range of, you know, about somewhat close to pre-COVID levels, definitely not back

there just yet, but starting to move back in that direction. But of course, we got some

weak-ass earnings reports from names like Lulu Lemon and Nike. Lulu is absolutely plummeting after

hours. It's down about 10% last I checked. And Nike, they managed to beat on earnings and they

actually popped up about 5% prior to then declining another 6%. You know, Nike had a very good fourth quarter. They beat on the top of bottom line, but analysts are slow readers, guys. So it took them a little while to get down into the guidance section of the press release. And once they got into the guidance portion of things, it was, you know, look out below from there, quite honestly, because guidance was relatively weak, definitely caught analysts by surprise, and we will be writing about that tomorrow. So stay on the lookout for that on Monday. All right, let's go ahead and get into the big story of the day here. Hope for the homies. If you're like me and you and the boss to try to buy a house in 2024, you know how painful it has been. Jesus Christ, my banana just fell

over. Obviously, we can't have that. The housing market is what should fall over. At least we would expect, we're hoping prices would be falling over, but that's not really what we're seeing. So so far in 2024, we know that deal flow is back. We know that Bitcoin and Ethereum, we're back to all-time highs. The S&P 500 is back to all-time highs as

well. March Madness is so damn back. Everything is back in 2024, including the housing market.

So this was really, like we said, some of the first positive news that we've got related to housing

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