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 special edition Monday, D.C. Today, where we kind of go through the long form commentary

that you're used to in the written form. And I want podcast listeners and video watchers

to get all that same information. There's a lot today. For one thing, the market is up 3,640 points in the last four weeks.

And so if that feels surreal, it's because it sort of is. I don't know if anyone would say it

feels that way, but that's just an absolutely monstrous move higher in the Dow in the last four weeks. And there's been, you know, some setbacks with that

along the way. And then now we had a big rally in the market Friday and another big rally today,

more than making up for the 550 point drop that took place on last Wednesday in the market.

So there's still a volatility.

There's still both up and downside risk and what the market might do on any given day.

There's still people trying to time the market getting there, you know, what's handed to do them.

But as far as the overall view we have

where we stand, I'm not sure much has changed. There's a lot of unknowns, a lot of day-to-day volatility,

and a lot of intersection with both the unknown of monetary policy and the unknown of earnings

outlook tied to recessionary risks. I will say this.

The overnight action last night, Sunday, the market opened futures down 200 points.

And then throughout the evening, it progressed, we got better.

The Niki was up, I think, at one point, 450 points.

The Hong Kong index was up 2%.

So you had a lot pulling things higher on the Asian side overnight.

And then this morning, the Dow futures were up 170 points.

And so there is both volatility day to day in the overnight space.

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