The DC Today - Tuesday, August 1, 2023

Today's Post - https://bahnsen.co/3q8RMfd

August is off and running! The Dow was up +3.4% in July, nearly half of its total gain in 2023 coming in the month. Both the Nasdaq and S&P were up over +3% as well.

Bonds sold off today as yields rallied, and with a weak manufacturing number today, the only reason I can see bond yields climbing today is some expectation (for right or for wrong) that the jobs data will be strong this week.

Copper moving higher is not a sign of pending economic weakness, theoretically.

Congrats to the U.S. women’s soccer team on their 0-0 tie with Portugal, which enabled them to advance in the World Cup. Yep.

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