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The Dividend Cafe

The DC Today - Tuesday November 8, 2022

The Dividend Cafe

The Dividend Cafe - The Bahnsen Group

Wealth Management, Monetary Policy, Retirement Planning, Estate Planning, Dividend Growth Investing, Business, Macro Economics, Investing

4.9572 Ratings

🗓️ 8 November 2022

⏱️ 6 minutes

🧾️ Download transcript

Summary

MARKET ACTION

Dow: +334 points (+1.02%) S&P: +0.56% Nasdaq: +0.49% 10-Year Treasury Yield: 4.13% (-8.4 basis points) Top-performing sector: Materials (+1.68%) Bottom-performing sector: Consumer Discretionary (-0.30%) – only negative sector WTI Crude Oil: $88.55/barrel (-3.53%)

Key Economic Point of the Day: The October NFIB Small Business Optimism Index fell from 92.1 to 91.3

Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Transcript

Click on a timestamp to play from that location

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.

0:15.1

Well, hello and welcome to the Tuesday, D.C. Today, it is Election Day. I wish I was providing election day results,

0:23.9

but we are not yet there. Middle of the day, Tuesday, and I'm going to just give you a quick

0:28.2

market summary. The reason I say quick is because I'm running to jump on a plane. I'll be

0:34.0

flying out to Nashville, landing in Nashville very late tonight. My whole team follows me tomorrow Wednesday.

0:40.7

When I say my whole team, I mean all 50 employees of the Bonson group from around the country.

0:45.8

And then we will starting Wednesday night going Thursday and Friday be at our Nashville

0:49.9

headquarters and doing our annual team offsite, which is why there will be a election day

0:57.5

written DC today tomorrow in the morning, summarizing what we can summarize from the results

1:04.4

of election night, but there will not be a post-market DC today on Wednesday or Thursday because of our whole team and the resources

1:13.2

needed to do DC today, me being one of those resources, but the other folks involved behind

1:19.6

the scenes, all of us being otherwise engaged. There will be a dividend cafe, though, on Friday.

1:25.8

What is the markets thought about all this action with the Bonson Group?

1:30.1

The market doesn't think about the Bonson Group, but the Bonson Group does think about the

1:33.9

market.

1:35.0

And the markets, you could argue or thinking about the election a little, but I think there's

1:39.3

other aspects going on, but it was an odd day to day.

1:43.4

The market never went below its opening price.

1:47.0

We essentially were up all day on the Dow at some points the S&P and NASDAQ were a little down,

1:53.8

but there was a huge rally up. At one point, the Dow was up 530 points. You recall it was up over 400 yesterday, up over 400 Friday.

2:03.7

So, you know, there's a pretty significant rally going on.

2:06.8

Then that came all the way back close to the even level of the day.

...

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