The DC Today - Thursday October 27, 2022
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 27 October 2022
⏱️ 12 minutes
🧾️ Download transcript
Summary
I returned from my meetings in Palm Beach at the end of the day yesterday and hit the ground running (both figuratively and literally) very early this morning. I love doing the DC Today. Special thanks to Brian and Trevor for filling in, and off we go with an action-packed recap of today …
Market Action
Dow: Up +194 points (+0.61%) – but off of a +550 point high S&P: -0.61% Nasdaq: -1.63% 10-Year Treasury Yield: 3.92% (-9 basis points) Top-performing sector: Industrials (+1.14%) Bottom-performing sector: Communication Services (-4.12%) WTI Crude Oil: $88.58/barrel (+0.72%)
Key Economic Points of the Day:
Real GDP grew in Q3 at +2.6% annualized rate as net exports grew in light of energy exports being up and Chinese imports being down. Personal Consumption and Business Investment were up, but only a tad. New Orders for Durable Goods were up +0.4%, below the 0.6% expectation
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Transcript
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| 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. |
| 0:12.7 | Well, hello and welcome to another episode of the DC today. It is Thursday, and I feel like I've been away for a little bit. |
| 0:23.3 | I actually recorded on Monday of this week from Palm Beach. |
| 0:30.0 | I had Brian filling in for me on Tuesday as I was speaking in Palm Beach, |
| 0:34.8 | and then Trevor on Wednesday as I was flying back. |
| 0:39.2 | But it's just been a whirlwind of a week. |
| 0:41.8 | And there is so much it's going to be in Dividend Cafe tomorrow, Friday. |
| 0:46.2 | I can't wait. |
| 0:48.0 | It's been an awful lot of work putting different things together. |
| 0:52.1 | But I feel like I'm on the verge of pulling it together |
| 0:55.7 | in the way I wanted, which is to take a lot of stuff from our meetings in New York City |
| 1:02.3 | and kind of delivering to you guys a summary of key takeaways and things. |
| 1:12.8 | And I'm excited for it. So that'll be in Divida Cafe tomorrow. |
| 1:14.6 | But of course that leaves us with today and another wild ride in markets real quickly. |
| 1:21.1 | I'm going to pull this up because I don't have my readers. |
| 1:29.3 | Dow was up 194 points, but you got to remember |
| 1:31.6 | that the Dow had been |
| 1:33.5 | up 550 points earlier in the day. |
| 1:37.1 | So it actually gave up a lot of |
| 1:39.4 | its intraday lead. It closed up |
| 1:41.2 | 0.6%. |
| 1:42.7 | But then the Dowell giving up 350 points of a lead is only the second |
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