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.

Hello, welcome to DC today on Wednesday, February the 28th. It is good to be with you as it always is. And we opened,

futures were negative coming into the open and we opened down. We were down as much as 200 points

and then sort of slowly regained for a lot of the day at least. Rates on the day, at least on the

treasury rates were really kind of unchanged. We dropped about two basis points on tens.

There's angst over a number out tomorrow on PCE, which is really the Fed's preferred measure

on inflation. And it's expected, you know, CPI ticked up this amount. And so it's expected to follow

suit. CPI was up 0.4% on core.

So 3.9% year over year.

PCE, which has been more friendly to the Fed, frankly.

It's their preferred barometer of inflation.

And also, it has been tracking closer to their target versus the fixed basket of goods and services that CPI tracks.

So we get that number out tomorrow.

And frankly, I think markets were really just trading a bit sideways up and down.

And so there was some noise today.

But we'll see what we get tomorrow.

Today we had a fresh read on Q4 GDP, which ticked a little lower by a 0.1 percentage point, came in at 3.2.

We were at 3.3. Again, it's very strong. And it's, you know, if anything, I think it's reaffirming

or affirming for markets to see, you know, revisions come in basically the same and in line.

So those things, those things are both good. I had a little note in there.

You know, we, we obviously are bottom up guys and gals. So we look at things differently than trying

to judge, you know, which sector will outperform the best based on how the world will turn.

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