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. It is December the 12th on Tuesday.

And nice day in the market, actually.

We were a little quiet in the morning, and then we ended up just sort of melting higher

for most of the day and kind of built on gains and closed right at the high, at least in

stocks, but on the Dow, but both the NASDAQ and the S&P were also higher on the day.

Bonds were basically unchanged. The rates were down a little bit. The 10 year was down three

bases points, closed it 420 on the 10 year. So big news of the day, there's really just one

kind of data piece, which was CPI data. It was an inflation

read that had been anticipated. And pretty much in line, we had a headline come in at 0.1%

for the month and 3.1% year over year. And the big detractor outside of that, you probably guessed it,

is energy coming down. So gasoline was down 6or outside of that, you probably guessed it, is energy coming down.

So gasoline was down 6% inside of the headline number, which was good. All of that was basically

right in line with expectations. Actually, on the month, I think that it was unchanged is what was

expected, but basically the same.

We're talking about 0.1.

On Core, we had a 0.3% month over month change, again, right in line with expectations,

and then the year number, again, we're stripping out things like food and energy.

So energy was the big pullback inside of the headline number.

So core, the year over year number is still 4% on the year.

So still a little sticky, I guess, year-over-year, but we've talked about this many times.

And I won't spend a lot of time today talking about it again.

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