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, DC Today. Greetings from beautiful Minnetonka, Minnesota, where the Bonson Group's

office has been for a couple years out here in the wonderful Minneapolis region of the country.

We have enjoyed a very busy day of some client meetings today, doing a lovely client dinner event

tonight. Truly enjoying my time with the great team we have assembled out here in Minneapolis with Phil and Michelle and Stoddard and Sarah and Reed and Matt and our newest member, Megan.

So a wonderful group of people that many of you know.

But I am here for your purposes to briefly

talk about this sell-off in the market today.

The market was pretty much up for the first hour or so, kind of flattish and then sold off

quite a bit, actually at one point down, you know, over 500 points, closed the day down 367.

So for about the last four hours of the day, it had a steady comeback of about 15200 points,

but nevertheless was coming back from a pretty deep sell-off.

That was almost entirely related to ongoing anxiety in the regional bank sector.

You had some pretty well-known regional banks down 25%, 18%, quite a few down in between 9

and 12%.

After hours, I've gone through the particulars of about eight of these banks.

And so there's just no question that there's a pretty organized assault.

You have short selling interest that has increased dramatically. And so the shorts are kind of having their day right now, and it's not rocket science.

They're looking for companies that seem to have a high percentage of assets marked

at a hold of maturity value versus marked market value,

you know, outside of the interest rate component where rates and duration risk have moved prices.

And then, of course, banks that have a lot of low cost,

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