Daily Covid and Markets Podcast - Tuesday June 16
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 16 June 2020
⏱️ 19 minutes
🔗️ Recording | Apple Podcasts | RSS
🧾️ Download transcript
Summary
Market futures last night were up 400+ points and the Nikkei in Japan soared over 1,000 points (+5%) overnight. I woke up this morning to a +520 in the Dow futures, and an hour later a report popped that futures were up “amid reports that Trump is preparing a $1 trillion infrastructure proposal.” There is one little problem with the reports that the market futures were up on reports of this infrastructure proposal … they had been up for 13 hours before that “story” broke. And of course, it is no story at all, as we shall see in our public policy section below.
On the day markets closed up 527 points. The VIX dropped a bit over 2% – not a lot – but is down 23%+ from the high level of Thursday. Markets were up 800 points, and at one point were back to even, but again, closed up over 500. Intra-day volatility is alive and well.
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Transcript
Click on a timestamp to play from that location
| 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. |
| 0:13.1 | Hello and welcome to today's COVID and markets podcast brought to you by the Dividing Cafe of the Bonson Group. |
| 0:19.2 | This is David Bonson. You know my story. |
| 0:21.1 | I'm going to jump right into it. |
| 0:23.1 | Market was up 527 points today. |
| 0:26.2 | Let me give you a little background of what took place the last 24 hours. |
| 0:30.3 | Market futures were up last night about 400 points as I was going to bed. |
| 0:34.9 | But the Niki in Japan was up over a thousand points, closed up 5% |
| 0:41.6 | overnight. And then when I woke up at 3 o'clock this morning, the Dow futures were up |
| 0:46.1 | 520 points. An hour later, a report popped up that futures were up amid reports that Trump was preparing a trillion-dollar |
| 0:56.6 | infrastructure proposal. |
| 0:58.0 | But the problem with that report was that the market futures were up far before that |
| 1:06.3 | report had come out. |
| 1:08.0 | So the reality is that that story, which had no quoted sources and had no new |
| 1:14.8 | information at all, I don't know anyone in America that doesn't know that Trump is trying to get a |
| 1:20.9 | big infrastructure proposal done, had nothing to do with why markets had moved higher, |
| 1:25.9 | nothing whatsoever. And basically, I'll |
| 1:30.1 | get into in a moment a couple of possibilities as to what ended up happening. But as far as the market |
| 1:34.8 | itself, the futures ended up going up as much as 800 points. The intraday at the very open was up |
| 1:43.0 | in that range, eight to 900 points early. |
| 1:45.7 | At one point we gave all the back and then rallied again. |
| 1:51.4 | So like I said, close over 500 points to the upside, intraday volatility, as opposed to just day by day volatility, meaning from a Monday to a Tuesday where a lot of |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Dividend Cafe - The Bahnsen Group, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Dividend Cafe - The Bahnsen Group and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.