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.

Well, hello, and welcome to the Tuesday edition of DC Today, my first time recording from the studio this year, recording DC Today, that is.

We did the Dividing Cafe year ahead, year behind yesterday.

I do hope you have gotten that white paper that you'll put aside to be able to read when you have the time.

And in the meantime, we want to start,

you know, getting into a normal rhythm around the day-to-day stuff. We did a little longer

form of D.C. today, today, even though it's Tuesday, because of not having it yesterday.

And so I'll just kind of walk through the normal stuff and I have a few other particular things I want to go through.

Let's just get today's market action out of the way.

The Dow opened down 225 points pretty much right at the open and got down as much as right around 300.

And then it made about half of that back throughout the day and there was a little

chippy choppy, ziggie, zaggy type stuff going on. But it closed down a little over 150 points,

about half of what its bottom was earlier in the day. So that 157 points was 0.42% to the downside.

The S&P was down 15 basis points. The NASDAQ was actually

up nine basis points. You had technology and consumer staples tied as the best performing

sector today, each up a quarter of a percent. It really was a pretty boring day. Even bonds

were kind of flattish. The 10-year yield closed to 4.01.

It was up one basis point.

Energy was the worst performer, although oil was actually up about 2% of the day.

The energy sector was down 1.6%.

It's funny, the written DC today right now has already been submitted, and it talks about the SEC having approved a Bitcoin ETF for trading.

And then crypto and Bitcoin prices fell.

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