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The DC Today - Wednesday, November 30, 2022
A monstrous rally ensued today when Jerome Powell verified Fed plans to slow down on rate hikes. Do I think this makes sense? Well, I will tell you what I think about all of it in today’s podcast and video!
MARKET ACTION
Dow: +737 points (+2.18%)
S&P: +3.09%
Nasdaq: +4.41%
The S&P 500 ended the month of November up +5.37% and the Dow ended up +5.7%. Combined with October Q2 has been monstrous, so far anyways.
10-Year Treasury Yield: 3.61% (-14 basis points)
Top-performing sector: Technology (+5.03%)
Bottom-performing sector: Energy (+0.56%) – one of those days where the WORST sector was up this much
WTI Crude Oil: $80.45/barrel (+2.88%)
Key Economic Point of the Day:
Q3 GDP growth was revised upward to +2.9% annualized (from +2.6% before)
Job Openings fell in October to 10.3 million, down 353,000 from the month prior and 760,000 less than a year ago
Links mentioned in this episode:
TheDCToday.com
DividendCafe.com
TheBahnsenGroup.com
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By The Bahnsen Group
4.9
562562 ratings
A monstrous rally ensued today when Jerome Powell verified Fed plans to slow down on rate hikes. Do I think this makes sense? Well, I will tell you what I think about all of it in today’s podcast and video!
MARKET ACTION
Dow: +737 points (+2.18%)
S&P: +3.09%
Nasdaq: +4.41%
The S&P 500 ended the month of November up +5.37% and the Dow ended up +5.7%. Combined with October Q2 has been monstrous, so far anyways.
10-Year Treasury Yield: 3.61% (-14 basis points)
Top-performing sector: Technology (+5.03%)
Bottom-performing sector: Energy (+0.56%) – one of those days where the WORST sector was up this much
WTI Crude Oil: $80.45/barrel (+2.88%)
Key Economic Point of the Day:
Q3 GDP growth was revised upward to +2.9% annualized (from +2.6% before)
Job Openings fell in October to 10.3 million, down 353,000 from the month prior and 760,000 less than a year ago
Links mentioned in this episode:
TheDCToday.com
DividendCafe.com
TheBahnsenGroup.com
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