The DC Today - Tuesday, October 4, 2022
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 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
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| 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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