The DC Today - Thursday September 22, 2022
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 22 September 2022
⏱️ 14 minutes
🧾️ Download transcript
Summary
The market really doesn’t want to close strong these days, going from +100 to -100 in the last ten minutes of trading today.
MARKET ACTION
Dow: -107 points (-0.35%) S&P: -0.84% Nasdaq: -1.37% 10-Year Treasury Yield: 3.71% (+20 basis points!) Top-performing sector: Health Care (+0.51%) Bottom-performing sector: Consumer Discretionary (-2.16%); now down -27% on the year, just 1% away from the down -28% of Technology but not nearly as bad as -36% Communication Services WTI Crude Oil: $83.45/barrel (+0.60%) Key Economic Points of the Day:
The Bank of Japan left their policy rate unchanged (as expected) Initial jobless claims came in again at just 213,000, and last week, it was revised down to 208,000. The four-week average is now the lowest since early June.
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to the Dividing Cafe weekly market commentary focused on dividends in your portfolio |
| 0:06.6 | and dividends in your understanding of economic life. |
| 0:12.4 | Hello and welcome to the DC today, Thursday, I think it's September 22nd, and we will have basically a week to go in the third quarter, starting tomorrow will bring us through until next Friday, which will then be the end of the quarter, and we'll see where things go. |
| 0:32.8 | First half of this quarter, though, was just a violent move to the upside coming off of those June lows. And then now the second half of this quarter, though, was just a violent move to the upside coming off of those June |
| 0:39.0 | lows. And then now the second half of the quarter is setting up to be a testing of those June |
| 0:43.9 | lows as markets have just gone in the opposite direction these last several weeks. |
| 0:50.8 | The Dow ended up being down 107 points today, which was 0.35% to the downside. |
| 1:01.0 | But that was all in the last 10 minutes. |
| 1:03.2 | The market was up about 100 points going into the last, I think, 11 minutes, and then it went down 200 points. |
| 1:11.2 | So there's something right now that is keeping the market from wanting to close with any strength. |
| 1:20.6 | And the S&P was down 0.84%, almost a full percent. |
| 1:26.1 | The NASDAQ down well over 1 in a quarter, down 1.37. |
| 1:31.6 | You could look at it and go, okay, well, another down day and we had that big down drop yesterday, |
| 1:35.9 | but I got to say, if you had told me that the 10-year treasure yield was going to be at 20 basis |
| 1:42.1 | points today, just pummeling the long end of bonds, I would |
| 1:47.2 | have guessed equities would have been in for a much worse track. In fact, not even every sector |
| 1:53.2 | was a negative territory. Healthcare was up, a sector that we have quite a bit of exposure to. |
| 1:59.2 | Healthcare was up over half of a percentage |
| 2:01.9 | point today. And the worst performing sector was consumer discretionary. So what you are seeing |
| 2:08.9 | right now is a bit of the winners hanging in there and the losers losing even more. That momentum is at play. And the consumer discretionary |
| 2:22.3 | sector has been a very tough place for the whole year. It was down 2.1% today. But it's now down |
| 2:30.3 | 27% in the year. And that's just a whisker away from technology, which is down 28%. So those very high |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Dividend Cafe - The Bahnsen Group, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Dividend Cafe - The Bahnsen Group and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.