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The Dividend Cafe

The DC Today - Thursday, March 2, 2023

The Dividend Cafe

The Dividend Cafe - The Bahnsen Group

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

4.9572 Ratings

🗓️ 2 March 2023

⏱️ 8 minutes

🧾️ Download transcript

Summary

Today's Post - https://bahnsen.co/3ZCSvkX

So the market followed its robust January returns with a -4% drop in the Dow for February and a -2.5% drop in the S&P 500, and the bond market dropped -2.7% on the month (though almost every index we track across stock and bond markets was still positive on the year through February, just much less so than previously). A few comments on today’s action here

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.

0:14.7

Well, hello and welcome to another DC today, the Thursday edition. We're going to bring DC today to a close for the week

0:23.5

and then come to you with a dividend cafe tomorrow, which I'm pretty excited about. The market

0:31.7

did some weird stuff today. So first of all, let me just tell you, February closed with the Dow

0:37.2

down 4%, the S&P down 2.5%.

0:40.5

And the bond market was down 2.7% for the month.

0:46.5

So basically, every index that we track more or less was down in February.

0:52.8

And every index that we track is still up on the year, but much less so.

0:59.0

So January was up, more than February was down, whether you're talking about bonds,

1:05.0

S&P, NASDAQ, Dow, emerging markets, all these different things.

1:10.0

And yet gave up a significant part of the

1:13.5

return in the month of February, as you probably know. Now, today, the S&P was down a fair amount.

1:23.0

NASDAQ was down a fair amount. The Dow was not, but it was at least when the market first opened,

1:29.1

as I was sitting on set at Fox News this morning, Fox Business with Stuart Barnage show,

1:36.0

29 of the 30 stocks and the Dow were down, but the Dow was up because one stock, a company called

1:42.4

Salesforce, had announced earnings and issues

1:48.1

yesterday that caused it to be up so much that it was making the whole Dow go up. So it was kind of a

1:53.7

weird deal. And then even in the S&P and NASDAQ, which have a very large weighting of Tesla,

2:00.4

which was down a lot, it was sort of

2:02.7

throwing it off. So it's very rare you see a day like that where one particular company is

2:08.5

distorting a whole index, but it's even more rare that it's happening twice with different companies

2:15.0

and in different directions, one to the upside, one to the

...

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