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.

Hello and welcome to the Tuesday, D.C. today, kind of a boring day in markets. I'm going to keep today a little short and sweet.

I'm excited for clients to get their weekly portfolio holdings report that will come in their

inboxes tomorrow morning, Wednesday. If you open up the email of today's D.C. today, there's a link

to the appearance I just had today on the Kudlow show. But as far as

markets today, the Dow was up just 10 points, three basis points. The S&P was up 24 basis points,

NASDAQ up 36. So slightly up, but barely in all three market indices. Oil was down less than

1% at close still at $71.50 a barrel on the

WTI. I think within the market, perhaps something a little noteworthy is healthcare was the worst

performing sector down 0.8%. Nothing is hugely substantial there, but again, it's continued weakness in some of those

defensives. But then financials today were up 1.33%. And financials have been, of course,

struggling, but you had asset managers, you had investment banks, you had commercial banks all

rally today. Even as there wasn't a lot of activity in the bond market, I think the 10-year bond yield

was down one basis point.

It's still sitting in the three-sixes.

So you've had actually remarkably compressed bond volatility.

So again, kind of uneventful day overall in markets.

By way of news announcements, the SEC announced before the market open this morning that they were bringing charges against Coinbase, which is the big, legit, publicly traded exchange of crypto currency and coins in the U.S. markets, largely appealing to U.S. investors and trading

on the NASDAQ, publicly traded, incorporated in Delaware, all the legit things. And fundamentally,

what they're basically alleging is that what they do is illegal, you know, by being in exchange

for an unregistered investment product.

So there is a sense in which for those that are interested in the shiny object that is the

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