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.

Well, hello and welcome to the Wednesday edition of the DC today. I am probably going to be keeping it kind of short today because

there's not a whole lot to report on, but you want a little market summary. And I want to cover a

couple of the highlights of the day for you before I go to my next meeting. The Dow ended up

171 points. It was about 43 basis points to the upside. The S&P was up 57 basis points.

The NASDAQ 75 as technology and communication services were leading sectors on the day.

The worst sector on the day was energy, down 1%.

Oil prices themselves were down about a dollar or so about one and a quarter percent.

And the bond market was pretty well flat. You had a little bit of gains as yields in the shorter

end of the curve came down. And then at the longer end, like the 10 year, the yield was up one basis

point. So tiny bit of spread,

widening on the curve. The SEC thing that I talked about yesterday, they did it today

announcing that they have approved the ETF, that they had fake announced yesterday and then said it wasn't

their announcement, and then it turns out today it is true. And so either way, a Bitcoin

ETF has been approved and Bitcoin is down several thousand dollars from when the announcement

came. But nevertheless, at least now the SEC is out and I couldn't begin

to explain to you what happened. The big news, though, I guess is for tomorrow, the CPI report

for December. We'll come at 5.30 in the morning and we'll kind of see how the bond market

responds. We'll see how Fed market expectations respond.

And, of course, the stock market. And, you know, the sentiment, the media, the traders, all those

things. It could potentially lead to a sell-off. It could potentially lead to rally. And it may do

nothing. But as one of the points I made

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