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Podcast: The Dividend Cafe
Episode: The DC Today - Tuesday September 20, 2022
Description: A volatile day to the downside in markets today as traders await comments from the Fed tomorrow and as bond yields bring down risk asset valuation.
Dow: -313 points (-1.01%)
S&P: -1.13%
Nasdaq: -0.95%
10-Year Treasury Yield: 3.56% (+7 basis points)
Top-performing sector: Technology (-0.51%)
Bottom-performing sector: Real Estate (-2.57%)
WTI Crude Oil: $84.16/barrel (-1.38%)
Key Economic Point of the Day: Housing starts came in at 1.575 million annualized for the month of August, a whopping 125k above expectations. Nearly all of the excess vs. expectations were in multi-family, with single-family coming in the second lowest since mid-2020.
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