The DC Today - Tuesday, October 31, 2023
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 31 October 2023
⏱️ 13 minutes
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Summary
Today's Post - https://bahnsen.co/3QErw6L
With half of the companies having reported quarterly results, we now see +4.3% earnings growth year-over-year and +1.4% revenue growth. Of course, half is only half.
Links mentioned in this episode: TheDCToday.com 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 and dividends in your understanding of economic life. |
| 0:10.0 | Hello and welcome to the Tuesday edition of DC today. The month of October is officially over. |
| 0:20.0 | I'll go through some more month-end data recap tomorrow |
| 0:24.6 | since the market month just ended about 20 minutes ago. |
| 0:28.6 | But, you know, the market kind of ended pretty strong. |
| 0:34.6 | It would have been a much uglier month if it wasn't for the last two days. |
| 0:39.4 | And it's actually a little more interesting the way the market action went today than |
| 0:43.7 | even yesterday. Of course, the market was up well over 500 points yesterday and it was only |
| 0:48.9 | up about 120 plus change today. But following up a big market rally like that with another up day and another day where all 11 sectors were up. |
| 1:00.0 | So even in a day that was, let's see, the Dow is only up 38 basis points, the S&P up 65 basis points, the NASDAQ up just a little less than half a percent. |
| 1:12.8 | So it was kind of an okay day in all three market indexes, and yet all 11 sectors up after |
| 1:19.2 | a big rally day like yesterday. |
| 1:21.2 | It's a pretty strong showing. |
| 1:22.9 | And by the way, doing so when the bond market was down, You had bond yields moving higher yet again. |
| 1:29.3 | So I'll go ahead and go through the market data first and then come back to a couple other |
| 1:34.3 | items I wanted to cover. The bond yields were all showing a little bit down this morning, but |
| 1:41.3 | then they did come higher. Initially, the Eurozone announcing |
| 1:46.3 | their lowest level of year-over-year inflation in any given month in over two years caused bond yields |
| 1:54.3 | to drop a bit. That didn't last throughout the whole day. And the tenure closed at 4.91% up 3.4 basis points. In terms of the sectors, |
| 2:05.6 | if you find it interesting, I'll share it, I do. Yesterday the worst performing sector was |
| 2:12.5 | real estate and it was still up. And today, real estate was the best performing sector |
| 2:18.1 | up a little over 2%. |
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