The DC Today - Tuesday, November 28, 2023

Today's Post - https://bahnsen.co/3Gl2T9d

The market is up over 10% in just twenty trading days, a 99th percentile move if there ever was one. The rally has brought along lower-quality equities and higher-quality ones, and financials, in particular, are surprisingly strong. Defensives are not as strong (consumer staples, utilities) as more cyclical or high beta sectors, but they are hanging in there.

The dollar has dropped, and the Yen has rallied in the last few weeks, causing many currency traders to say, “Wait, it wasn’t supposed to do that?”

Markets were pretty boring again today (though to the upside), and bond yields continued their decline.

Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com