The DC Today - Tuesday, January 3, 2023
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 3 January 2023
⏱️ 11 minutes
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Summary
I began writing this from Dallas, Texas this morning, where yesterday USC suffered a heartbreaking loss in what was one of the most exciting Cotton Bowl games ever. I am back in Newport now, where tomorrow morning we reveal the new large office expansion to our team (same floor, same building). It has been a labor of love, I assure you. We have added new advisor offices (we have a new advisor starting in Newport Beach and another new one starting in Nashville next week), but mostly the Newport expansion houses new members of our Tax Department, Planning Department, Research, and Trading. It is really beautiful space.
Today’s DC Today is the normal Monday format of DC Today and, obviously, the kick-off to 2023! There is a 27-page white paper coming Friday in the Dividend Cafe providing the most comprehensive recap of 2022 and forecasts for 2023 we think you will find anywhere. I hope you find it to be a labor of love, too.
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. |
| 0:15.6 | Well, hello. Welcome to the first DC today of 2020. |
| 0:22.9 | I am literally right off of an airplane coming back from Dallas, Texas. |
| 0:30.1 | We're in the office. |
| 0:31.9 | I'm actually in my own office in Newport Beach right now, not in the studio because our whole office, we have a whole new |
| 0:40.5 | expansion opening tomorrow. And so the area where the studio is is being worked on as certain |
| 0:48.7 | people are moving over to new space and there's a lot of tech stuff moving around and this |
| 0:53.5 | and that. And so it's kind of a weird chaotic day combined with my travel. |
| 0:59.4 | And yet, nevertheless, there is a DC today. |
| 1:02.2 | And whatever chaos you think is going on in our office and with the change and with the |
| 1:08.1 | travel and with USC's depressing loss and all of those things, |
| 1:14.7 | it pales in comparison to the chaos going on right now as we speak on Capitol Hill, |
| 1:20.6 | which is largely what DC today is about today. |
| 1:24.6 | I want to talk about what's going on in the House race. |
| 1:29.8 | The fact of the matter is that markets did start the year today with a pretty fair amount of volatility. You always kind of |
| 1:35.9 | wonder coming off of a sort of quasi-holiday break, what to expect in terms of reopening |
| 1:43.1 | and traders being back at their desk and things like that, |
| 1:47.2 | the end of tax loss selling and so forth. |
| 1:51.8 | The expectation that we were going to have a weird day in the markets was foreshadowed last night |
| 1:57.3 | where futures opened up up about 150 points and then went kind of flatish |
| 2:05.7 | and then went down and then this morning were showing up 250 points. |
| 2:12.1 | And so you just had a lot of movement showing kind of a lack of direction. |
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