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 the DC today.

Really interesting rally day in markets.

Again, consumer discretionary and technology kind of leading the way.

And every sector was positive except for health care, more of a defensive sector.

And even that was only down by about 20 basis points.

Let me get the market stuff out of the way so I can talk about some more fun

things here. Dow was up over 200 points. The S&P was up over 1%. Nasdaq up over 1.5%. The 10-year

Treasury was at 3.77, up 5 basis points. Oil fell off, 6770, down 2.4%. And yet most of the energy sector was

positive today. I suspect you may have had some rolling of futures there. But regardless,

you know, really big day overall in risk assets.

There are some economic data points that I wanted to go through.

Durable goods were up 1.7% in May, and that was double what it was expected.

And even if you take out transportation, it was up quite a bit more commercial aircraft, electronics, machinery, metals, computers, all up, not a ton, but up for the month.

And none of that was necessarily expected.

So that's some news there.

I think natural gas prices being up 40 percent in the last, a little over two weeks now is big news.

You can see a little bit of separation in the energy sector where stocks that are levered

to natural gas have done much better than ones that have a pure crude oil exposure.

I think one of the energy bear arguments, those that have been negative on the space,

has really dissipated around this

concern about debt and leverage and that the movement higher of interest rates posed a big

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