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Podcast: The Dividend Cafe
Episode: The DC Today - Wednesday September 21, 2022
Description: I’d love to say “Fed comments caused the market to drop today” but it would be untrue. Within seconds of the Fed release the market went from +200 to -200, but then the market went back to +250, and that was all AFTER the Fed announcement, the release, and the Powell press conference. THEN, after all that, the market unraveled into the final thirty minutes of trading.
Dow: -522 points (-1.70%)
S&P: (-1.71%)
Nasdaq: (-1.79%)
10-Year Treasury Yield: 3.53% (-4 basis points)
Top-performing sector: Consumer Staples (-0.34%)
Bottom-performing sector: Consumer Discretionary (-2.37%)
WTI Crude Oil: $83.04/barrel (+0.12%)
Key Economic Point...