The DC Today - Wednesday, March 15, 2023
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 15 March 2023
⏱️ 10 minutes
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Summary
Today's Post - https://bahnsen.co/3leNG2y
This is Trevor Cummings, and I am sitting in for David Bahnsen to bring you DC Today.
There is a common idiom in the English language, “Wait until the dust settles.” This adage encourages one to be patient until they have more clarity. Investors crave clarity, and when things become too foggy or dusty, investor anxieties skyrocket. These anxieties surface as market volatility, which you are currently enduring.
At this stage, everyone is still sifting through the rubble of SVB to separate substance from hysteria. I want to encourage you to read David Bahnsen’s special Silicon Valley Bank Dividend Cafe, which was published Monday. Our intent here at The Bahnsen Group is to keep you informed and guide you through the dust. David will even be writing a Dividend Cafe piece on Friday dedicated to the plethora of questions we’ve received this week – you won’t want to miss that.
With that said, let’s talk about what happened around the markets today…
Transcript
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| 0:00.0 | 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. |
| 0:14.9 | Hello, welcome to D.C. Today. I am Trevor Cummings, filling in for David Bonson, and I will start my story there. |
| 0:22.2 | I got an email from David Bonson at 4 a.m. this morning, and I want to tell you this story |
| 0:27.4 | because I want to tell you the character of David Bonson and how much he cares about our clients. |
| 0:31.8 | He was saying, I might need to do D.C. today, Trevor. |
| 0:37.3 | He had this planned vacation, and we try really hard at the Bonson Group to offer David Lyft and to really honor his time when he's away for the business because it's very rare. |
| 0:48.3 | So the reason I'm telling you the story is because this man is up at 3 or 4 a.m. every day, reading through research |
| 0:57.2 | paper, digesting what's going on in markets. One, because he loves what he does, but at the end |
| 1:03.7 | of the day, it is for the clients. So for me, it just spoke, I don't even know how to articulate |
| 1:10.4 | it. It was just one of those moments in my career |
| 1:12.6 | that I'm like, I'm so thankful to be working here at the Bonson Group. So with a lot of |
| 1:19.2 | arm twisting, I encouraged him to let me do DC today. Now, why would that be happening? Well, |
| 1:25.1 | futures markets were showing the market opening down something |
| 1:27.7 | like 600 points. And what David's real desire is to make sure that you all know that we are |
| 1:35.0 | working tirelessly behind the scenes to understand that everything is going on. What I wrote about |
| 1:40.3 | in DC today as far as the intro was this idiom that we use in the English language |
| 1:44.4 | that basically says you got to wait till the dust settles. There is some rubble at Silicon Valley |
| 1:50.9 | Bank and all analysts are parsing through that rubble to understand what is substance, |
| 1:57.2 | if anything is actually like a systematic threat, and what is hysteria? |
| 2:03.4 | The tough thing when you're talking about banks, what does hysteria mean? |
| 2:07.8 | I'm not talking about people just acting crazy. |
| 2:10.5 | I'm saying people have full freedom to go online and move money from one bank to another. |
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