Covid and Markets - Tuesday August 25
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 25 August 2020
⏱️ 19 minutes
🔗️ Recording | Apple Podcasts | RSS
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Summary
The market dropped 60 points today but the S&P and Nasdaq were both up. It was a pretty mixed day across sectors and market categories.
I am going to write more about it in Friday’s Dividend Cafe but the news today that Secretary Mnuchin and Trade Representative Robert Lighthizer spoke with Chinese Vice Premier Liu He yesterday, and that all commitments of the phase one trade accord were reaffirmed, is substantial (at least for now in containing potential tail risk).
One of the advantages in this new schedule to my missives is that it gives me the chance to better broaden the scope (not ignoring the other categories besides COVID health data). Today we cover all the bases, and they are worth your read.
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Transcript
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| 0:00.0 | Welcome to the Dividing Cafe weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life. |
| 0:12.8 | Hello and welcome to today's COVID and markets podcast brought to you by the Dividing Cafe of the Bonson Group. |
| 0:19.4 | This is David Bonson. I'm the chief |
| 0:21.3 | investment officer of the Bonson Group. And I have our daily missive for you, which is not |
| 0:27.3 | so daily anymore, but I have to say, I think we've packed quite a punch today. And it's, it's |
| 0:32.5 | kind of nice having the new revised schedule for me because it's enabling me to delve into a lot of the other |
| 0:39.7 | categories that I think are really pertinent right now for investors outside of the daily health |
| 0:44.5 | data. There's plenty to focus on right now with the coronavirus, but honestly so much the data |
| 0:51.1 | has gotten to be redundant. And I think that as you see things playing out out of the lockdowns, out of the COVID moment, |
| 0:59.0 | and seeing ramifications in public policy, in housing, in our energy markets, what the Federal Reserve is doing, |
| 1:07.0 | those types of things are much more relevant to the economy, to markets, and obviously more in my lane. |
| 1:14.9 | And so we are able to focus more on some of those things now with a lot of the COVID data settling down. |
| 1:21.2 | Now, there's still plenty of new news that is coming and has come and will come around vaccine, around the policy front, |
| 1:30.3 | around data, school reopening, individual states, all those things. |
| 1:35.3 | We're going to keep focusing on all that as long as we need to. |
| 1:38.1 | But in the meantime, if you notice a bit more diversification of the content that's very much on purpose. So anyways, let me get |
| 1:47.9 | into it here. Quickly on the market today, Dow was down 60 points today. It had been down worse. First, |
| 1:53.7 | it gapped up quite a bit at the open, then it kind of dropped, then it stayed flat throughout the day |
| 1:59.3 | and then rallied a little bit off those levels into the end. |
| 2:03.0 | S&P and NASDAQ were both up today, but it was a pretty weird day in the market, |
| 2:06.5 | kind of mixed bag across different sectors and market categories. |
| 2:13.4 | I'll write more about it in the Dividing Cafe on Friday, |
... |
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