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The DC Today - Thursday, November 30, 2023
Published 2 years, 3 months ago
Description
Today's Post - https://bahnsen.co/4115jTU
A BIG divergence today between the more value oriented DOW which jumped 520 points today, and the more technology heavy Nasdaq down .23% as interest rates broke the trend and rose today. Coincidently, I wrote yesterday about the sensitivity in the part to the market that has had the most multiple expansion tethered to falling rates as having potential for disappointment. Both PCE inflation data coming out in-line with expectations and a stronger growth print in the Chicago PMI’s moved rates up today as much as yesterdays decline in continued bond market volatility.
Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com