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 the DC today. We were all set in our studio to record. I'm here in the New York office, and we had a little

mechanical difficulty, and the communications team made the call for us to record from my desk

at my office instead of in our studio. So that explains the different backdrop, and we should be back up and running in the studio tomorrow.

So kind of an adventurous weekend.

We're very close here to the end of October.

One trading day left tomorrow, the 31st Halloween.

But the market was up over 500 points today.

And yet that comes off of really big downside volatility last week.

And so all things being equal, the market's just sort of zinging and zagging a little harder than normal right now,

very much in line with something that we have been calling for for a long time,

a directionalist market, a enhanced volatility

market around the uncertainty that the current monetary policy regime has created.

In terms of just the basic highlights of the day, look, futures had opened down 30 points last night, excuse me, up 30 points last

night and then improved a little bit into the evening. But you, oh, I woke, excuse me, this

morning to futures that were up 160 and the market itself opened about five

hours later, up 250. So the market opened on the upside and the futures overnight moved into a

more positive environment. But then the market really just kind of stayed in a straight line up

throughout the day.

There were a couple little zigs and zags, but basically it got up near that plus 500,

almost 600 point range, closed up 511. It gave back a few points in the final 20 minutes.

So that's one and a half percent plus change in the Dow. The S&P was up 1.2 percent and the NASDAQ also up almost 1.2.

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