The DC Today - Monday, February 12, 2024
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 12 February 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
Today's Post - https://bahnsen.co/42ztxFL
Greetings from the sunshine state of Florida, where I will be all week (different cities each day of the week) seeing clients, talking about the new book, and speaking to a very large symposium of fellow financial advisors. And thank you to all of you who gave such helpful feedback and encouragement on the DC Today weekly program! Brian and I both really appreciate it!
The Dividend Cafe on Friday looked at the relevance of work to our understanding of economics. It mixed in an updated thought on modern portfolio theory, and it concluded with a comparison of 2024 to 1999.
Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com
Transcript
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| 0:00.0 | 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. |
| 0:14.0 | Well, hello and welcome to the DC Today Monday edition, day after the Super Bowl edition. And I might add from a Pensacola, Florida |
| 0:25.2 | edition, which is not exactly normal. So we had an update in the market, if you're talking |
| 0:32.2 | about the Dow and the Defensives, and we had a down day, barely with the NASDAQ, but it's been more the opposite lately. |
| 0:40.3 | You've had more risk on with things like tech and consumer discretionary and the |
| 0:47.5 | defensives have lagged a little bit more. |
| 0:50.7 | Today you had a weird day where utilities were up over 1%. Energy was up over 1%. Consumer |
| 0:57.5 | staples were up about 65, 70 basis points. And then technology was down how much? 77 basis points. |
| 1:07.2 | So maybe just a little readjustment here. I'm going to go through the normal things we do |
| 1:12.1 | on Monday just real quickly, talk through kind of some of the market points and some of the |
| 1:16.6 | other categories who I to go through. I did want to say a quick note, just thanking people gave |
| 1:21.8 | feedback about our kind of adjustments we made on the DC Today program. It was a lot of encouragement, |
| 1:28.3 | a lot of positive comments, and both Brian and I really appreciated that. And hopefully you'll keep the comments |
| 1:34.0 | coming. We want to continue using this medium to make sure we're giving information that's |
| 1:39.9 | valuable to you in a way that's valuable to you. I would really recommend those of you missed |
| 1:45.0 | Dividend Cafe on Friday to check that out, just in the sense that there were three different |
| 1:49.4 | topics, all three of which I believe are quite important that made their way in. So whether it's |
| 1:54.2 | the video, the podcast, or the written, check that out. So the futures last night opened up down 30 points. |
| 1:59.4 | I would love to know what futures traders were on their desk. |
| 2:03.1 | Because the futures opened literally during the national anthem for the Super Bowl. And any kind of trader that was not watching the Super Bowl has no business being in this profession. |
| 2:13.6 | So it was a obviously muted deal there, but futures are down 30. |
| 2:17.6 | And by the time the game was over, futures were basically flat up a couple points. |
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