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 DC today from a beautiful New York City. I arrived late last night, and we are here. It's the middle of the week and it is

the first day of March. And we're just going to do a quick market recap today. There wasn't a

whole lot of action. The chart of the Dow today went kind of up and down a little. But really,

the Dow was up five points on the day. The S&P was down more about half a

percentage point. The NASDAQ was down about 0.65%. But again, with the Dow kind of ending up

flat on the day, it looked sort of boring, although there were a couple little gyrations

throughout the day. Energy was the top performing sector.

It was up almost 2%, where utilities were the worst performing sector down 1.7.

And the thing I'd point out is that real estate was the second worst performing sector,

and that was down one and a half.

And so you see the interest rate sensitive areas doing the worst and that is largely because

of bond yields moving higher.

The tenure touched 4% today.

It was up eight basis points.

The 10 year yield closed at 3.99%.

So rates higher, rate sensitive, stock sector is doing worse, energy, materials, industrial is doing better, made for kind of a flattish day in markets and a bad day in bonds.

Crude oil, by the way, was up close to 1%.

It's still sitting right around $78 a barrel. For all the talk about oil and energy, what's going on, there's a clip of my appearance today on Fox business where Charles Payne asked me, you know, what's going on with energy? It seems like it's really struggling. And he's talking about stockpiles and whatnot. But really for all of that talk, oil closed 78 today,

you know where it started the year?

It was 78, so it hasn't even moved.

The only economic point of the day that grabbed my attention today was ISM manufacturing.

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