Want to create an interactive transcript for this episode?
Podcast: The Dividend Cafe
Episode: The DC Today - Wednesday, January 18, 2023
Description: Dow: -614 points (-1.81%)
S&P: -1.56%
Nasdaq: -1.24%
10-Year Treasury Yield: 3.37% (-16 basis points)
Top-performing sector: Communication Services (-0.93%)
Bottom-performing sector: Consumer Staples (-2.65%)
WTI Crude Oil: $79.25/barrel (-1.16%)
Key Economic Points of the Day:
The Producer Price Index (PPI) saw outright (and rather significant) DEFLATION in December, with prices dropping on the month -0.5%, well more than the -0.1% expected. November’s number was adjusted downwards by -0.2% as well. The 7.4% year-over-year number came down to 6.2%. The CORE number is down to 5.5%. Wholesale gas prices dropping -13.4% helped the cause, as did the food index’s -1...