The DC Today - Tuesday February 28, 2023
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 28 February 2023
⏱️ 10 minutes
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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
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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. |
| 0:15.3 | 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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