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 D.C. today. My name is Brian Saitel. It is Thursday the 16th. And another kind of more volatile

day of trading to sort of go through in a really pretty good amount of economic data that's out

today that I wanted to kind of go through with obviously the biggest headlines still being

sort of this ongoing ripple effects and reverberations

through the financial sector in some of these banks. And I'll kind of touch on all of these,

all of these things. But let's let's kick it off. So last night or yesterday actually in markets,

we had a down day across the board. Actually not across the board. The NASDAQ actually was

higher. but we ended

closing sort of at the highs of the session and following into that close, futures were also positive.

We were up something like 100 points for most of the night, and then things kind of fell off right before

the open, probably due to Europe being lower. So we opened up down maybe 100 points, a little more than that.

But we were down something like 300 and, you know, a little over 300 points by about 1030 a.m.

Eastern.

And then the ECB came out and raised interest rates by 50 basis points.

And initially, kind of saw markets sell off more,

and that's kind of what led to that decline.

And then we just slowly but surely sort of started climbing higher from there

and ended up closing up 373 points on the Dow for the day.

So if you add those two numbers together,

it's almost a 700 point swing on the day.

So more volatility, And it has to do

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