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, welcome to D.C. Today. My name is Brian Saitel, and it's great to be with you all again today. It is Wednesday, November the 8th and another technically positive day in markets, although

not hugely positive and futures coming into this morning were just as quiet.

Markets actually traded up in the morning.

They traded down a little bit through midday.

And there was some comments

from Federal Reserve, J. Powell at a conference with some opening remarks that were perceived

to be a little bit more doveish. And you got a little bit of basis points out of some of the

yield curve and a little bit more in stocks and risk assets following that.

But all in all, we basically closed flat on the day.

The Dow is actually down 40 points.

The S&P and the NASDAQ were up 10.110th of 1%. So a pretty quiet day.

The 10-year yield dropped five basis points again.

That was sort of after some of those comments from from j pal.

So technically we're we're sort of extending our November rally and I wrote this in there,

but we sort of we came into November with a pretty dismal internal market metrics.

The about 17% only about 17% of the S&P 500 was showing or reflecting a positive trailing three-month

return so we were kind of due for for for for a bounce and then we also got again the fed

you know holding rate steady and as much telegrafting that they're basically done with their rate

tightening campaign at this point.

So markets are feeling a little better.

The steam is coming out a little bit of this thing, though.

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