The DC Today - Tuesday November 8, 2022
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 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
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| 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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