Sign up to save your podcasts
Or
Share The DC Today - Monday, November 28, 2022
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
The DC Today - Monday, November 28, 2022
Market Action
Futures opened last night down -50 points or so and were down -160 points into the evening. This morning they were pointing to a down -200 point open pre-market.
It is safe to say embedded in market action today is come “catch up” after last week where Wednesday is always a “low participation” day, Thursday saw markets closed for the holiday, and Friday is a token open day where markets close three hours early.
The market opened down -50 points and just steadily worsened throughout the day.
The Dow closed down -497 points (-1.45%) with the S&P 500 down -1.54% and the Nasdaq down -1.58%.
The market’s challenges today were clearly related to concerns about the supply chain and some contagion effect around the disruptions in China (see Top News Stories below)
The ten-year bond yield closed today at 3.67%, down two basis points on the day
Top-performing sector for the day: Consumer Staples (-0.31%)
Bottom-performing sector for the day: Real Estate (-2.80%)
There is a lot to be said on the crypto/FTX implosion of the last couple weeks, and I believe even more will be said in the weeks ahead. BlockFi, another large crypto exchange, has now filed for bankruptcy as well
Links mentioned in this episode:
TheDCToday.com
DividendCafe.com
TheBahnsenGroup.com
View all episodes
By The Bahnsen Group
4.9
564564 ratings
Market Action
Futures opened last night down -50 points or so and were down -160 points into the evening. This morning they were pointing to a down -200 point open pre-market.
It is safe to say embedded in market action today is come “catch up” after last week where Wednesday is always a “low participation” day, Thursday saw markets closed for the holiday, and Friday is a token open day where markets close three hours early.
The market opened down -50 points and just steadily worsened throughout the day.
The Dow closed down -497 points (-1.45%) with the S&P 500 down -1.54% and the Nasdaq down -1.58%.
The market’s challenges today were clearly related to concerns about the supply chain and some contagion effect around the disruptions in China (see Top News Stories below)
The ten-year bond yield closed today at 3.67%, down two basis points on the day
Top-performing sector for the day: Consumer Staples (-0.31%)
Bottom-performing sector for the day: Real Estate (-2.80%)
There is a lot to be said on the crypto/FTX implosion of the last couple weeks, and I believe even more will be said in the weeks ahead. BlockFi, another large crypto exchange, has now filed for bankruptcy as well
Links mentioned in this episode:
TheDCToday.com
DividendCafe.com
TheBahnsenGroup.com
More shows like The Dividend Cafe
View all
Renewing Your Mind
5,212 Listeners
The Briefing with Albert Mohler
8,699 Listeners
Ask Pastor John
3,962 Listeners
White Horse Inn
2,199 Listeners
5 Minutes in Church History with Stephen Nichols
1,710 Listeners
Mortification of Spin
844 Listeners
Breakpoint
3,107 Listeners
The World and Everything In It
7,179 Listeners
Plodcast
996 Listeners
Compelled - Christian Stories & Testimonies
1,064 Listeners
Simply Put
1,435 Listeners
Life and Books and Everything
642 Listeners
Capital Record
453 Listeners
Morning Wire
26,684 Listeners
Things Unseen with Sinclair B. Ferguson
1,566 Listeners