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The Dividend Cafe

The DC Today - Tuesday February 28, 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

🗓️ 28 February 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

This is Trevor Cummings filling in for David Bahsen as he is traveling back to our New York office today. First and foremost, I want to encourage you to check out David’s Dividend Cafe published on Friday. David covered a myriad of topics in a potpourri fashion, and all of these tidbits are what bubble up from actual clients and readers’ questions. Having attended countless number of David’s speaking engagements, the concluding Q&A is always my favorite; the Dividend Cafe this week reminds me a lot of one of those Q&A sessions.

Alright, without further ado, let’s jump right into what was happening in Markets today as we close out the month of February.

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.

0:15.3

Hello, welcome to D.C. Today. I'm Trevor Cummings filling in for David Bonson. He is on a flight to New York. He'll be in

0:22.8

our office in Manhattan doing a lot of TV stuff and other media this week. And even as I say that,

0:29.6

it's kind of fun to think about the expanding footprint of the Bonson Group. Last year we opened offices

0:35.4

in Bend, Oregon, in Nashville, Tennessee. We obviously have

0:39.3

our office in Minnesota, New York, Newport Beach, and perhaps we'll be expanding in the future.

0:45.3

You'll have to wait and hear about that. Markets today ended in a sense of how they kind of were all month.

0:55.0

So you saw the Dow Jones Industrial average go down.71%

1:00.0

NASDAQ, or sorry, S&P 500 was down.3%.

1:03.0

The NASDAQ was actually up on the day.

1:05.0

It was up 0.3%.

1:06.0

When you see that disparity, the interesting question is,

1:09.0

where does the attribution come from? We usually will get the answer by just looking at what was the worst performing sector.

1:14.6

So the worst performing sector today was utilities.

1:17.6

Utilities were down 1.72 percent. There's your answer. There's no utility companies in the NASDAQ,

1:23.6

something very tech-heavy. So you can see that big disconnect between S&P and the NASDAQ or the NASDAQ, something very tech-heavy. So you can see that big disconnect between

1:28.3

S&P and the NASDAQ or the NASDAQ and the Dow Jones Industrial Average. The best performing

1:33.3

sector for the day was materials. They were up about 0.45%. The 10-year Treasury, it's interesting

1:39.3

for me because the last few DCD days I filled in for, I kind of was saying, hey, it really loves

1:45.6

this kind of 3.5% area that's been hovering around. Well, today it's at 3.92%. Unchanged for the

1:52.8

day, but a huge spike in yields for the month of February. And when you look at how the stock

1:59.1

market did in the month of February, a lot of it

...

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