The DC Today - Tuesday, September 5, 2023
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 5 September 2023
⏱️ 15 minutes
🧾️ Download transcript
Summary
Today's Post - https://bahnsen.co/3r2cE8d
This is the kind of DC Today I love love love writing – where I really get to absorb a lot of material and bring pen to paper (or finger to keys) in all categories. I always loved this format the most, and being able to do this long-form version once a week is a true joy for me. Doing it every single day as I did for quite some time (though today’s is fuller than even the old format normally was) just became way too much, and I do hope the new program (long-form once a week, shorter form with daily podcast/video three times a week, Dividend Cafe on Friday) is working for everyone. I certainly solicit feedback about that. But in the meantime, enjoy this first post-Labor Day “fall and football are here” version of the DC Today. Note the deep dive into Public Policy and Housing (with all categories covered).
Links mentioned in this episode: TheDCToday.com 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. |
| 0:14.7 | Hello and welcome to the Monday edition of DC Today brought to you on Tuesday, doing our Monday format. |
| 0:22.9 | But here on Tuesday, the fifth because of Labor Day holiday yesterday. |
| 0:27.7 | I hope you all had a nice holiday weekend. |
| 0:30.6 | And I'm going to just sort of go through for those of you listening on the podcast or watching the video, |
| 0:35.7 | all the stuff I talk about in the DC Today.com |
| 0:39.6 | today. I continue to love this version, being able to go through, especially over a holiday |
| 0:47.9 | weekend, working on weekends as I do, there is just more time to digest new economic reports, new news that comes |
| 0:59.1 | out. There was a fair amount of info that came out on Friday. And so to have this time to be |
| 1:06.3 | able to process it and translated into our daily missive, I think is a lot of fun. |
| 1:13.5 | And so I used to do it every single day throughout the COVID period and for a while |
| 1:19.6 | afterwards. And we kind of pivoted to a new format a year ago. I still love getting feedback |
| 1:24.5 | from people as to what they're liking or not liking on the way that we're doing it. |
| 1:29.3 | But I think what we're doing right now is most realistic. |
| 1:32.8 | This long form that we're doing today, it really is very difficult with the schedule that I keep to do it every single day. |
| 1:41.2 | And yet I'm hoping that what we are doing on the normal Tuesday through Thursday |
| 1:45.5 | days is still scratching some pitches. So share that feedback. But in the meantime, we'll dive into |
| 1:53.0 | what we have today. The boring part is the market action today. The Dow was down 196 points. |
| 2:00.0 | S&P was down 42 basis points and ASDAQ was down 196 points. S&P was down 42 basis points and |
| 2:02.4 | Azdak was down eight basis points. Dow futures had opened down 40 or so last night, |
| 2:08.5 | stayed down throughout the evening and then opened it down close to 50 points. And then it just |
| 2:13.5 | sort of got a bit worse. It kind of, you know, pittered and pattered throughout most of the |
... |
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