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 DC Today. A very interesting day in markets because the NASDAQ was actually down 1.3%. The S&P

was down about 0.4%. The Dow was up 92 points, which was just 28 basis points. So that kind of

disconnect between the Dow, S&P, NASDAQ, isn't that extreme. And in fact, that disconnect has been there quite a bit the other way lately with the Dow

down and NASDAQ up.

So I don't think there's anything particularly abnormal about market indices today and even

their relative performance relative to one another.

But energy being up 256 basis points today, when communication services and technology were

each down over one and a half percent, that I'm not sure has happened all year.

And if it has, it's definitely not happened more than once.

A 400 basis point spread between energy and tech in one day, favoring energy, that is,

has been really, was very common last year and has been not at all common this year.

And so that was kind of the unique thing in today.

Energy of 2.56% technology down 1.6, communication services down 1.8.

And then you got bond yields going higher on the 10-year nine basis points.

It's up to 379 as a 10-year yield.

So a little continued sell-off in the bond market.

And crude oil with that energy rally was up, but not huge, 1.2%.

So crude is it sitting at $72.5 a barrel.

So really still kind of anchored into that low 70s mark,

but off of the lower level in the mid to high 60s that it's hit a few times lately,

but still kind of hovering.

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