Episode 484: The DC Today - Wednesday, October 5, 2022
Someone snuck in a five-part question today (and I gave a five-part answer) – see below. Beyond that, a weird day in the markets.
Someone snuck in a five-part question today (and I gave a five-part answer) – see below. Beyond that, a weird day in the markets.
MARKET ACTION
Dow: -42 points (-0.14%) S&P: -0.20% Nasdaq: -0.25% 10-Year Treasury Yield: 3.75% (+13 basis points) Top-performing sector: Energy (+2.06%) – third day in a row top sector Bottom-performing sector: Utilities (-2.25%) WTI Crude Oil: $87.97/barrel (+1.69%) Key Economic Point of the Day:
ISM Non-Manufacturing (Services) came in at 56.7, still well into expansion and above the expectation but less than month’s levels. Services are expanding while Goods are slowing.
Links mentioned in this episode: TheDCToday.com TheBahnsenGroup.com
David is the Founder, Managing Partner, and the Chief Investment Officer of The Bahnsen Group.
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