The DC Today - Monday, July 24, 2023
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 24 July 2023
⏱️ 12 minutes
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Summary
Today's Post - https://bahnsen.co/3O7FRWJ
I am back in New York City after a few days working from my house in East Hampton and ready for a hot and humid week in the concrete jungle. Office needs and speaking engagements didn’t allow me too much time at our Hamptons home this summer but I do enjoy being here in the city even in my least favorite time of the year weather-wise (I will take the snow storm winters over the oppressive heat any day!). To see New York this crowded and normal after what I observed in the depths of COVID is a true blessing (I was here throughout summer of 2020 when it was a real ghost town). It will be a busy and lively week in our Manhattan office and I am excited.
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. |
| 0:14.4 | Well, hello and welcome to the Monday edition of DC today. I am actually sitting in my office in New York City. And, you know, |
| 0:22.2 | our studio here in the office is normally where I record. But we're kind of doing it here at my desk |
| 0:27.6 | for other reasons. I'll spare you the details on today. And I'm doing something I think I've done |
| 0:32.6 | once, maybe twice ever before. I'm recording a few minutes before the market is closed. And I hate doing that |
| 0:38.9 | because I know one of these days I'm going to say something and then in the 10 minutes in |
| 0:42.9 | between me saying it and the market closing, it'll become obsolete. But we have to take our chances |
| 0:48.3 | today because I can't record right after the market because, candidly, they switched my hit time going on the |
| 0:57.4 | Kudlow show at Fox Business and so it's sort of screwing up our afternoon rhythm. |
| 1:02.6 | So I'm recording for you now. |
| 1:04.3 | There's a very long and robust Monday edition of the DC Today that I really encourage you |
| 1:08.8 | to read and it will have all the updated final |
| 1:12.1 | numbers in it after the close by the time you're getting this. But for now, I'll just kind of |
| 1:17.2 | give you the general direction of where we are. As is often our case on Mondays, we like to go |
| 1:23.5 | through a number of other categories, covering public policy, covering the Fed, covering the |
| 1:29.6 | general news cycle, economic developments, et cetera, a little longer form version than what we do |
| 1:36.9 | Tuesday, Wednesday, Thursday. |
| 1:38.9 | And so there's a lot there this week. |
| 1:41.1 | The market itself, first of all, the biggest story is barring what could be |
| 1:45.4 | a 190 point drop in the next 10 minutes. The Dow is up 11 market days in a row. You can look up |
| 1:54.4 | yourself when the last time that happened is, but an incredibly rare feat. Some of them were big |
| 1:59.9 | days up. Some of them were very small, but |
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