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The DC Today - Thursday, December 1, 2022
December has launched and I have some things to tell you …
MARKET ACTION
Dow: Down -195 points (-0.56%)
S&P: -0.09%
Nasdaq: +0.13%
10-Year Treasury Yield: 3.50% (- 19 basis points); down 72bps from the 4.22% high of just five weeks ago!
Top-performing sector: Communication Services (+0.29%) & Health Care (+0.24%)
Bottom-performing sector: Financials (-0.71%)
WTI Crude Oil: $81.28/barrel (+0.91%)
Key Economic Point of the Day:
The Fed’s favorite inflation measurement (PCE) came in up just +0.2% on the month, less than the +0.3% expected, and known to be tainted by the misleading contribution of housing’s lag effect (which I have written about extensively). The September gain had been +0.5%, so the stock and bond market responded favorably to the disinflationary trend.
Initial jobless claims came in at 225,000, actually lower than expected
Links mentioned in this episode:
TheDCToday.com
DividendCafe.com
TheBahnsenGroup.com
View all episodes
By The Bahnsen Group
4.9
549549 ratings
December has launched and I have some things to tell you …
MARKET ACTION
Dow: Down -195 points (-0.56%)
S&P: -0.09%
Nasdaq: +0.13%
10-Year Treasury Yield: 3.50% (- 19 basis points); down 72bps from the 4.22% high of just five weeks ago!
Top-performing sector: Communication Services (+0.29%) & Health Care (+0.24%)
Bottom-performing sector: Financials (-0.71%)
WTI Crude Oil: $81.28/barrel (+0.91%)
Key Economic Point of the Day:
The Fed’s favorite inflation measurement (PCE) came in up just +0.2% on the month, less than the +0.3% expected, and known to be tainted by the misleading contribution of housing’s lag effect (which I have written about extensively). The September gain had been +0.5%, so the stock and bond market responded favorably to the disinflationary trend.
Initial jobless claims came in at 225,000, actually lower than expected
Links mentioned in this episode:
TheDCToday.com
DividendCafe.com
TheBahnsenGroup.com
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