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 Thursday edition of the DC Today. I am very excited to be with you from beautiful East Hampton, New York.

I think that it was a quite interesting day in the market.

And I want to give you a little rundown.

And of course, get you all excited for Dividing Cafe coming tomorrow.

Bottom line is that the Dow ended up being up 164 points today, and yet the NASDAQ was down

over 2%, which I think may have been the worst day of the year in the NASDAQ.

I didn't look it up though, but I mean, it's near that.

You had consumer discretionary down three and a half percent.

Just today alone, communication services down two and a half percent. Technology was down over two.

And at the same time, you had more defensive sectors doing quite well. Utilities up 1.85 percent,

healthcare up 1.65. And energy was up 1.3 percent.

So it was a very bifurcated result, kind of not just an upday in the Dow, but a good

update and not just a down day in the NASDAQ, but a real down day.

And that, of course, was very 2002-like.

You have not seen a lot of that bifurcation this calendar year much the primary cause by the way is somewhat irrelevant it was really heavy

weightings around two major names in in the both nasdaq and to a lesser degree in the S&P, Tesla and Netflix.

And they got hit pretty hard today around their earnings results that came out yesterday.

And I have a link about Tesla and Netflix in the DC today about that news event.

But more relevant to kind of our purposes, you just simply had a very high dispersion of results

across the market. I think that is a more healthy market when the markets are kind of moving

based on the underlying ingredients of their constituents, not just all up together or down together. That sentiment that when

...