In today's market update, we delve into the positive shift in stocks following strong GDP data, with the S&P 500 and Nasdaq showing significant gains. We explore the fall in bond yields and the rise in crude oil prices, and discuss the impact of the surprising 5.2% GDP growth. The episode also covers the increase in mortgage applications and General Motors' latest financial strategies. Finally, we pay tribute to the legendary investor Charlie Munger, reflecting on his remarkable legacy in the world of finance.