Episode 747: The DC Today - Monday, November 27, 2023
Unemployment for those 16-to-19 years old was 9.2% in April, but has risen to 13.2% now. The higher minimum wage requirements likely impact the lower skill segments of the workforce first.
Unemployment for those 16-to-19 years old was 9.2% in April, but has risen to 13.2% now. The higher minimum wage requirements likely impact the lower skill segments of the workforce first.
Today's Post - https://bahnsen.co/3sYDwqz
Futures opened last night down -40 points or so, worsened a bit throughout the evening, and this morning pointed again to a down -40 point open pre-market. The market opened pretty flat this morning and just stayed in a tight range to the downside throughout the day. The Dow closed down -57 points (-0.16%) with the S&P 500 down -0.20% and the Nasdaq down -0.07%.
*CNBC, DJIA, Nov. 27, 2023
As a contrarian, I do not like seeing the put/call ratio and bull/bear sentiment be so tilted towards complacency. Even the VIX at $12.69 is pretty surreal. The ten-year bond yield closed today at 4.39%, down almost -10 basis points on the day as the November bond rally continues Top-performing sector for the day: Real Estate (+0.38%) Bottom-performing sector for the day: Health Care (-0.64%)
Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com
David is the Founder, Managing Partner, and the Chief Investment Officer of The Bahnsen Group.
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