The DC Today - Wednesday, September 6, 2023

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

Oil is the story of markets yet again, with Brent now passing $90 and WTI Crude passing $87. The idea that oil was between $65 and $75 for months and we did nothing to help re-fill the Strategic Petroleum Reserve is just surreal to me. These prices at now 10-month highs are sure to exacerbate the delta between core and headline inflation in the months ahead.

Just 37% of companies in the S&P 500 were above their 50-day moving average this morning as internal momentum continues to dissipate.

China and Japan are not happy about the dollar’s recent rise and are pledging decisive action to arrest their own currency’s drop relative to the U.S. dollar.

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