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.

Hello and welcome to the Thursday, D.C. Today markets close today to the downside, although they were pretty much flat for the whole day.

They just gap down at the open once they kind of hit a low point near the beginning of market trading stayed there throughout the day.

There was a little up and down stuff along the way, but for the most part, pretty flat range once you priced in the downside of the opening, which left the Dow down 340 points, left the S&P, excuse me, down 1.16%. The NASDAQ down 1.5%.

You have continued issues with some of the big cap and big tech names on the NASDAQ side.

The Dow was interesting because you actually had some real big names, blue chip names,

some kind of big value type dividend growth names that were up on the day.

And then energy was up about 2%.

It was the only positive performing sector.

And energy had been down on the first couple days of the new year.

But energy was up 2% of the day.

And then you had the worst performing sector being real estate down almost 3%.

So the reeds are getting hit. You have, you know,

all the different normal cast of reasons around that. The factor that pushed futures down this

morning and then stuck with market downside throughout the day was the ADP jobs report, which came out,

235,000 private sector jobs created in December,

and there's about 150,000 expected. So God knows you can't have new jobs being created or let

alone more than expected. And so the market had to sell off out of the fear of what the Fed may

have to do around those new jobs.

So that's as much sarcasm as I can muster.

But that's kind of, it's again, that same old dynamic that we saw throughout all of last year.

So I don't have much to add to it because the BLS date is coming tomorrow.

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