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 and welcome to DC Today. I'm Trevor Cummings, filling in for David Bonson. You should really invite me here more often because I must be really good luck.

The market hit a 52-week high today.

The Dow Jones had eight consecutive days of positive performance.

It's the first time since 2019.

It must because Trevor Cummings is doing DC today.

So the Dow was up 108 today.

That was 0.3%. S&P was up 0.24%. NASDAQ was up 0.03%. The 10-year

finished today at 3.74%. That's down four basis points on the day. Top performing sector

of the day was real estate, which was up 1.12%.

The bottom performing sector was materials, which was down.52%.

Oil at $75.27 a barrel, and it was down.63%.

That gives you a good idea of what happened today.

Again, like I said, it was a 52 week high for the markets.

That's eight consecutive days for the Dow Jones Industrial Average. Again, first time since September of 2019.

So investors are happy today. You didn't get a lot of economic data today. If you go in and look, you had new housing starts.

Some of that economic data can be a little bit lumpy, so it can be confusing if you don't follow it closely.

If you look at the June data, it was actually down 8% month over month, which represented the biggest negative change over the last 12 months.

But there's more to the story there.

When you go look at the May data, May, obviously becoming before June,

it was a stellar month for housing starts.

So what do you see home builders doing?

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