The DC Today - Wednesday, October 11, 2023

Today's Post - https://bahnsen.co/3LYNG0J

Treasury yields dropped again, and stocks rose again today.

The minutes from the Fed meeting last month came out today and said nothing new or unsurprising at all.

ExxonMobil agreed to buy Pioneer Resources for $59.5 billion in an all-stock deal that represents the largest oil and gas deal in over two decades.

I am not sure that an Israeli ground invasion of Gaza is imminent. Even though I am convinced, Israel will (and should) do whatever it can to eradicate and punish this atrocity, a ground invasion appears to involve so much complexity and challenge that much of the work I have read in the last 24 hours suggests it may require more planning, nuance, and particulars than was initially expected.

The IRS says Microsoft owes it $29 billion? They should’ve used TBG Tax!

The House Speaker race is going to be very interesting, with a majority of Republicans voting to send up Steve Scalise for a vote, but not potentially enough to get him over the needed line in a whole House vote.

More here:

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