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The Dividend Cafe

The DC Today - Monday, September 18, 2023

The Dividend Cafe

The Dividend Cafe - The Bahnsen Group

Business, Dividend Growth Investing, Macro Economics, Wealth Management, Estate Planning, Monetary Policy, Retirement Planning, Investing

4.9572 Ratings

🗓️ 18 September 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

Today's Post - https://bahnsen.co/44YIrFd

Nothing like the Monday DCT with a great deal of stuff for you today about housing, policy, the economy, markets, and more!

Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com

Transcript

Click on a timestamp to play from that location

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.

0:12.7

Well, hello and welcome to the Monday edition of DC Today. You know the Monday edition, the special, old school, long form. There's a lot in it today. I'm going to try to go through as much as I can. A lot of market action today is not covered because it was an extremely boring day in the markets. In fact, all three indices, Dow, S&P, and NASDAQ ended up basically flat on the day.

0:39.6

How flat were they so flat that I didn't even bother to put the numbers in the DC today?

0:45.0

I just put that they were flat because they were all literally within a couple basis points.

0:50.4

The Dow had opened down a bit, it went up a little, and then just kind of leveled out right around where it opened on the day.

0:58.0

And similar action with S&P and NASDAQ. Now within that, the energy sector was up about 0.7%.

1:06.0

Consumer discretionary was down about 1%. But again, as far as the whole indexes go, not a lot to say in the

1:15.0

markets today. If you go to the DC today, by the way, in the kind of opening paragraphs, there is

1:21.9

a regurgitation of the Dividend Cafe from Friday, just the links to the written Dividendon Cafe, the video, the podcast.

1:30.4

And then because I was on Varney and Fox Business this morning before the market opened and I was on CNBC after the market closed, we have links to those appearances.

1:41.8

There's actually even a little quote a link to the Wall Street Journal had a big article yesterday in markets and I was quoted in the article.

1:49.5

It's just one quote, but we've provided that link for your reading pleasure.

1:54.5

So with a flat market behind us, a couple other little market nuggets and then we'll get into some news stories, public policy, the Fed, all the good things.

2:04.6

53% of tech companies, I mean, basically just right around half and actually only 40% of semiconductor companies, less than half, are above their 200-day moving average.

2:16.6

So you have definitely seen a weakening in the breadth of the technology sector, which had really been

2:22.3

carrying a lot of the S&P and obviously the NASDAQ most of the year.

2:26.3

We'll see where that goes because the top side, the top positions in the indexes, the largest size, have actually hung in there, but the internal

2:36.2

weakness up and down has definitely intensified.

2:41.1

The bond market, not a lot to report today, the 10-year closed down, 1.7 basis points in

2:47.2

its yield, down to 4.30, so bonds were up a little today. And then oil prices were up

2:55.4

$1,000, closing it basically just shy of $91 a barrel. So a lot of strengthening in energy.

3:05.9

The auto workers strike is the big story that I think is most market

...

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