Want to create an interactive transcript for this episode?
Podcast: The Dividend Cafe
Episode: The DC Today - Wednesday November 2, 2022
Description: I would have to go back and look at the exact shape but I believe the market action today was quite identical to the last time the Fed announced a known rate hike, where the market bad been down, rallied huge to the upside on the news, sold off substantially, rallied all the way back, then sold off into the close with no new news. It’s all just so, so dumb. But I have more to say than that here …
MARKET ACTION
Dow: -505 points (-1.55%)
S&P: -2.50%
Nasdaq: -3.36%
10-Year Treasury Yield: 4.09% (+4 basi...