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Podcast: The Dividend Cafe
Episode: The DC Today - Monday, January 23, 2023
Description: Futures opened last night pretty close to flat (down -20 points) and stayed right there into the evening. This morning futures pointed to a dead flat open pre-market when I first woke up.
The market opened flat but moved up from there and stayed up with a few zigs and zags along the way (see chart below)
The Dow closed up +254 points (+0.76%), with the S&P 500 up +1.19% and the Nasdaq up +2%
The worst performers of 2022 are so far the best performers into 2023, partially as tax loss selling leads to re-buying post-wash sale rules.
The “dividend payers” outperformed the...