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 DC today. I am going quickly now because I need to go jump on a plane tonight from JFK back to

Southern California.

And yet the market today got plenty of attention down 542 points in the Dow, most of

that in the last couple hours of the day.

The market now went up 1,000 points since March the 1st and then has come down a thousand points.

So you have kind of a round trip, but up 1,000, down 1,000 all in nine days.

So interpret that how you want.

Either be really happy that nothing has happened nine days or be really sad, how bad it's

been for a few days, or be happy how good it was before that, or just don't have any

opinion about any of it, which, by the way, is the subject of tomorrow's dividend cafe. I will tease it up for you tomorrow, the logic of and sensibility of short-term

market calls and where perhaps longer-term market call might make more sense in this current

environment. But that to say, the jobs reports coming tomorrow, and I do think you get a lot of enhanced volatility these days in the days before

and oftentimes the day of various announcements that may be perceived as

catalytic to Fed activity, whether it be the CPI number, which comes Tuesday or the jobs number coming

tomorrow. So we shall see what comes to the BLS jobs number. I stand in the corner of hoping

people didn't lose jobs and hoping new jobs get created. And other people do not stand in that corner.

The S&B was down more in the Dow.

It was almost 2%, 1.86.

The NASDAQ was down over 2%.

The very best sector, that's not a typo.

The top performing sector today was utilities down 0.84%.

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