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 Monday edition of DC Today. It was kind of an interesting day in markets.

We're going to cover all of our daily

market action. And I want to give you listening on the podcast, watching the video, the normal

kind of walkthrough of the different categories. I have a few things to say about housing today

and certainly the Fed and a little Chinese version of the Fed in terms of some of the people's bank of China,

their Fed activity that has taken place over the weekend as well.

Just on the market action, the futures opened up last night, pretty flat,

stayed flat through the evening.

Very early this morning, they were pointed to about 100 point upside on the market open.

And the market opened up about 80.

Then within a couple hours, the market was down almost 300 points.

So it had a pretty big reversal, yet that was really only in the

Dow. The NASDAQ and S&P more or less stayed positive. And so you just had pretty poor

sector action today in energy, consumer staples, financials, and you had a good rally in technology.

So then the second half of the day, though, the Dow closed that gap and rallied back

basically to even went positive, made back 300 points, went positive for a little while,

and then closed the day down 37 points, so practically flat on the Dow. And yet the S&P was up 69 basis

points and the NASDAQ was up over one and a half percent. So a good rally and some of that

risk stuff, both technology, which was up, I think, two and a quarter. Yeah, 2.25% in technology, and you had even consumer

discretionary was the second best performing sector. The worst performing was real estate,

which was down 88 basis points, but you really didn't get much help from energy, financials,

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