A Golden Opportunity to Go Against the Grain
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 25 June 2021
⏱️ 25 minutes
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Summary
The weird week in the markets doesn't change what I want to be doing with each Dividend Cafe. As of press time, the market is up ~1,000 points on the week, with pre-market futures on this Friday pointing to a +100 point open. The day-to-day and week-by-week movements in the market are not the subject of the Dividend Cafe, but they are what we do each Monday through Thursday at The DC Today.
This week it is tempting to dive more into the cluster of these infrastructure talks. On Thursday, there was a White House briefing that it was a done deal; on Friday, it appears to be falling apart; I can write about all this now, but I think by the time it hits your inbox, the deal may be back on, and by the time you are done reading it back off.
Yet, in these "current events," there is, indeed, a "timeless principle" that warrants immediate application. A week ago, markets were experiencing nearly irrelevant levels of volatility - and the media declared it the new apocalypse as they went about drooling on themselves in a sea of inaccuracies about what the Fed did, said, and meant. A week later, markets have been rallying, and the new question is what to do about "investing at the top" (it is "new" in that the last time I heard this concern, was almost three weeks ago).
So I want to dive this week into some fun history, some actionable application out of that history, and leave you with some crucial reminders about markets. These things will be useful whether the market is down a thousand or up a thousand next week.
Come on into the Dividend Cafe ...
Transcript
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| 0:00.0 | Welcome to the Dividend Cafe weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life. |
| 0:12.5 | Welcome to this week's Dividend Cafe. I am back in my New York apartment where I just arrived less than two minutes ago. I'm going to be |
| 0:23.4 | here long enough to record this for you and then kind of change and grab some things and get |
| 0:29.8 | out of here. I just flew back. I've been at a conference I spoke at yesterday in Grand Rapids, |
| 0:36.2 | Michigan, just in and out real quick trip. |
| 0:39.5 | And now I'm leaving again to go meet up my family for the weekend. |
| 0:43.0 | And so a lot of in and out, but actually a lot of time to be reading and writing. |
| 0:49.2 | And I think the message of this week's Stephen Cafe is a good one. |
| 0:52.8 | It's kind of not one. |
| 0:55.4 | Even though I intended it to be one message, there's a, there's a kind of multitude of applications that I think |
| 1:02.1 | you're going to get out of what I'm about to say. And what I wrote about at Dividon Cafe.com. |
| 1:07.8 | It was a weird week in the market and I'm not going to talk about it much because |
| 1:11.0 | that's not what this is for, but it does sort of tee up kind of one of the points I want to make |
| 1:16.4 | throughout this message today. The market was down over 1,000 points last week, and as I'm sitting |
| 1:22.2 | here recording in the middle of the market day on Friday, it's up over 1,000 points this week. |
| 1:29.0 | And so, |
| 1:34.7 | you know, you can decide for yourself if you think that's coherent. Last week and it was dropping and we were told this new apocalypse was coming and that, oh, boy, it looks like the Fed is really |
| 1:39.7 | about to. I mean, first of all, they not only got wrong what the Fed's about to do, which was kind of my |
| 1:44.4 | bigger point, but then getting wrong what it means to markets, what it means to a lot of |
| 1:51.3 | different things. It does bother me, but it shouldn't surprise me. But I guess the bigger point I want to |
| 1:57.5 | make is, okay, if the press thought that talking about a 0.5% interest rate |
| 2:06.2 | in two years was going to be the source of a big market correction and the press was really |
... |
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