The DC Today - Tuesday, October 11, 2022
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 11 October 2022
⏱️ 17 minutes
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Summary
An odd day (old school) as the Dow started down a bit, rallied way higher (up +400 points at one point), fell into negative territory, then closed up +36 as old-guard defensive sectors did very well (Real Estate, Consumer Staples, Health Care) and the cool stuff got hit. More to say on everything here.
MARKET ACTION
Dow: +36 points (+0.12%) S&P: -0.65% Nasdaq: -1.10% 10-Year Treasury Yield: 3.937% (+5 basis points) Top-performing sector: Real Estate (+1.02%) and Consumer Staples (+0.93%) Bottom-performing sector: Communication Services (-1.63%) and Technology (-1.52%) WTI Crude Oil: $88.68/barrel (-2.73%)
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Transcript
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| 0:00.0 | Welcome to the Dividing Cafe weekly market commentary focused on dividends in your portfolio |
| 0:06.5 | and dividends in your understanding of economic life. |
| 0:15.9 | Hello and welcome to your daily edition of the D.C. today. And that's actually where I'm going to start |
| 0:24.6 | today's podcast is with a very, very quick reminder and explanation about the title. Because it |
| 0:33.1 | occurs to me that we're calling this the DC today. I've been writing as the DC today for now |
| 0:38.9 | over two years. And we've had some changes lately with the podcast video and written schedule. |
| 0:45.4 | But this is our daily market synopsis. We call it the DC Today.com. It sits under our |
| 0:51.8 | Dividing Cafe podcast. |
| 1:03.7 | And I wanted to just remind everyone, I am a little bit of a political junkie, and I hate being so. |
| 1:05.5 | I don't like it. |
| 1:06.8 | I wish I weren't. |
| 1:13.0 | I've tried most of my adult life, certainly the second half of my adult life, to not be such. |
| 1:16.3 | I don't watch political news at night anymore. |
| 1:20.9 | I've improved to get a lot of this out of my system. |
| 1:33.1 | I do stand by the great Bill Buckley, his line who said that no decent person would ever want anything to a politics as long as they could be sure that politics would want nothing to do with them. |
| 1:38.9 | But the D.C. today is actually not meant to be a play on D.C. as in Washington, D.C. Well, let me take that back. |
| 1:48.7 | It's meant to be a play on it, but it is primarily about the dividend cafe. And so we write the |
| 1:56.0 | dividend cafe every Friday as our weekly market commentary. We've done it forever. It's sort of this thing we created |
| 2:03.4 | that we believe in a lot. And the DC today was like the daily version. It was kind of a mini, |
| 2:09.3 | if you will. So we took the DC from Dividendon Cafe, which yes, then had a play on the juxtaposition of public policy and markets. It kind of had |
| 2:21.2 | that dual meaning with Washington, D.C. or Beltway. But it is a daily market summary. It comes from |
| 2:32.1 | the Dividendin Cafe, mantra, ethos, belief system, and approach to markets that we |
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