Welcome to the DC Today, your daily market synopsis of the Dividing Cafe, brought to you every Monday through Thursday to bring you up-to-date information and perspective on financial markets.

Well, hello and welcome to the DC Today, the Monday version. It is Monday, April 10th, back open in markets after the Good Friday holiday and the Easter weekend.

I hope you all had a wonderful weekend.

And it is nice to be back in action.

It was a weird day in markets.

I'm going to kind of go through that.

Talk a little about

housing, a little about the Fed, and then send you on your way. The market ended up today, 101 points on

the Dow. The S&P was barely up a tad and the NASDAQ was basically flat. It was down three

basis points. However, the market

had opened down about 50 points or so and then kind of went up and really was choppy right

around the flat line for the first half of the day, dipped a little, went back up. And then it doesn't

happen very often, but it closed into the high of the day, right up 100. So we are going to start earnings season at the end of this week, and you'll start to have some of these big banks reporting their quarterly results. And then into next week, you'll get more earnings. And the week after you'll get everybody so you know we have about

two and a half three weeks of earnings season that will begin uh in earnest this uh coming

Friday um but yeah modestly update on the markets uh worth noting in the last couple weeks of

the defensives in the market, lower beta names,

more defensive sectors have been the leaders.

So you have like consumer staples doing a lot better than consumer discretionary.

You have utilities doing better than transports.

You have small cap not doing as well as big cap, you know, things like that.

So the stuff that's a little less juicier is doing better.

This is sort of the world we tend to live in.

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