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The Dividend Cafe

The DC Today - Tuesday, October 4, 2022

The Dividend Cafe

The Dividend Cafe - The Bahnsen Group

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

4.9572 Ratings

🗓️ 4 October 2022

⏱️ 13 minutes

🧾️ Download transcript

Summary

The second violent rally day in a row took place today, with the market up nearly +6% to start off October, erasing all of the downturn of the last ten days of September (for now). More to say in our daily podcast, of course!

MARKET ACTION

Dow: +825 points (+2.80%) S&P: +3.06% Nasdaq: +3.34% 10-Year Treasury Yield: 3.63% (-2.2 basis points) Top-performing sector: Energy (+4.34%) Bottom-performing sector: Consumer Staples (+1.53%) WTI Crude Oil: $86.30/barrel (+3.17%) Key Economic Points of the Day:

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 Dividing Cafe weekly market commentary focused on dividends in your portfolio

0:06.6

and dividends in your understanding of economic life.

0:12.6

Hello and welcome to the Tuesday edition of the D.C. today. I'm your host, David Bonson,

0:19.8

and we are two days into the month of October, and the market

0:25.3

is up about 5.7% in the last two days, effectively erasing all of the violence of the last nine or

0:36.5

10 days of the month of September.

0:39.4

So that was a significant downturn that happened in nine days.

0:44.2

And so, you know, racing it may not seem like that big of a deal because you just

0:49.1

went from a low spot that went really low to now has come back to where it was.

0:55.6

But nevertheless, it's noteworthy.

0:57.4

You're talking about over, you know, 1,500 Dow points in two days.

1:01.0

It doesn't happen very often.

1:02.9

By the way, just for those of you that don't keep fresh in your math,

1:08.2

1,500 points off of 29,000-ish is a lot different than 1,500 points up around

1:15.2

35,000-ish.

1:16.7

You know, the percentages matter, and that's why some of this is pretty noteworthy.

1:22.1

I want to talk to you about why I think it's happened here in the next few minutes and

1:26.1

give you a little update on some things

1:28.5

happening in our world. So the futures were up 400 early this morning, had not been up that much

1:35.0

last night. I watched futures kind of stay in that range and then the market opened up about

1:42.1

700 points within 30 minutes. Excuse me. The market opened up about 700 points within 30 minutes.

1:46.8

Excuse me.

...

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