What's up Apes? Welcome back to the DailyPios video stream of the day. My name is David. It is currently 806 p.m. And let's just go ahead and get right into it today because the WSWI Alpha portfolio wasn't doing so hot for the session. So we lost about 16 basis points on the day here. It was looking like it was going to be a good day for quite a while, just like it was for overall markets, but a mid kind of early afternoon drop really killed the vibe for us here on this beautiful Thursday, this almost Friday, as we like to call it. Now, we did outperform both the NASDAQ and the S&P, however, because we don't have that exposure to Nvidia, that stock was down, I think almost 4% here today. And it wasn't really necessarily any reason why, but my assumption is that analysts kind of smelled, given the one-day stretch between Tuesday and Thursday, with the holiday of Juneteenth being on Wednesday, so markets were closed. I think that kind of smelled the bullshit and NVIDIA, it's a great company, but it probably shouldn't be the biggest in the entire world. So they sent the stock down about 4% for the session. That really took indices lower. We do not hold Nvidia in the portfolio. We do have semiconductor exposure in what I think is a much more intelligent way. So make sure to go ahead and sign up for WSO Alpha to get a view of our entire portfolio. 16 bases points down, we're still up 9.77% for the year, underperforming both indexes. But like I always say, guys, we're letting them run, letting them catch up for a little bit and feel good for the time being. Welcome back. Talk to us in December, all right? Let's get into some of the bananas for the session today. So one of the weirdest things I've seen in a while, but Netflix is opening up

retail stores or retail locations, I guess I should call them, because it sounds like they're going to be

kind of quasi-retail stores and like theme parks. I think theme parks is way overselling it, quite honestly.

But this is at least what they said it's going to look like. Let me pull it up. Yeah, I don't know. This is just the image that came in the Axios article that I read when I saw this. Shout out to Axios. It's probably going to look something like this, but imagine it just with a little bit more of that classic American architectural sadness and gentrification.

I'm sure it's going to be much more along those lines, but still, bringing Netflix and chilling

to the public, it's a great thing. It's exactly what 2024 needs. We'll probably see a lot of

a great uptick in cases for lewd in the city's behavior throughout the year, but you know what?

That's all part of the process. Anyway, OpenAI,

their top competitor had a great day yesterday. This is Anthropic. They are behind the Claude

model or the Claude Sonnet model. Either way, today they release Claude Sonnet 3.5, and it's

allegedly their strongest model yet. It competes with GPT Turbo, I believe, if I have that, correct. Not necessarily GPT-40, that is still the leading model, at least publicly available. But it competes with GPT Turbo, which is still, you know what? I'll tip my half to it. Good job there. This idea of the internet bond is starting to be formed around Ethereum in the idea of restaking. Now, restaking kind of built on top of this idea

of staking. It's a little bit too crypto nerdy for our purposes here today, at least for the

banana bit session, but it's still a pretty cool idea to be thinking about an internet bond. I mean,

it seems like something that Cisco and Amazon could have got in on dirt the dot-com bubble, but,

hey, 20 years later,

better late than never, why not? Finally, we have, if the United States continues to avoid a

recession, as we have done pretty much the entire time since whatever it was June or July of

2020, when that trillions and trillions of dollars that we dumped on the economy brought us out of the

COVID recession, if we continue to avoid a recession since that point, it's going to be the single longest time that the bond market has been blaring its inverted yield curve recession warning without actually getting into one. And the guy who created it, Mr. Harvey Campbell, has already come out and stated, like, if you're judging the entire economy off of one metric, you are an idiot. It's basically what he said. We're here to echo that sentiment. Go back to school if that's what you're doing. If you're still in school right now, congratulations. Don't learn stupid things, I guess. But either way, shout out to the U.S. economy for avoiding a recession. Europe could really take some notes on that. Anyway, let's get into the MacroMonkey story of the day.

We were talking about what I think is the single biggest problem in the United States here today,

at least domestically. We're not talking about any of that political bullshit that's going to get me in trouble we're not talking about.

But the single biggest problem on the economic side of the United States domestically is the housing market.

...