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 D.C. today this Wednesday, March the 27th, and it's great to be with you here again today on another

positive day in markets, generally speaking, both stocks and bonds were higher. The 10-year actually

closed a little lower three or four basis points on the day and stocks were higher and those things

are all good. There's definitely part of the market that is

getting stretched as we've talked about or spoken about many times, but generally a good day in the

markets. Today was the 99th consecutive day that the S&P closed above its 50-day moving average.

And that sounds impressive, but it's actually happened 20-plus times in history.

So this isn't anything too out of the ordinary.

The longest stretch of that, by the way, was in 1995 when I was graduating high school.

It was above its 50-day for 257 days.

So we're not even quite halfway what the mid-90s gave us there, but still nonetheless,

positive action in markets overall. David had a nice section in there. It was about

markets performance following preceding and then following rate cuts. And it's a good point,

which is, you know, when you look in history, there's periods of time that both occurred.

You know, markets were good leading up to the rate cuts or markets were not as good or vice

versa after the first rate rate cut. But generally speaking, it does tend to be a little more

buy the room or sell the news in the sense that markets are, you know, forward pricing mechanisms.

And so they move up in advance of something

actually occurring. And so markets lead up into that first rate cut and then tend to do a little bit

less well just following it once that actually occurs. So today is actually going to be a little

shorter day for me to record with you. Not a lot of economic news out on the day, so not a whole

...