Daily Covid and Markets Podcast - Wednesday June 10
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 10 June 2020
⏱️ 14 minutes
🔗️ Recording | Apple Podcasts | RSS
🧾️ Download transcript
Summary
The market was all over the map today, with futures up last night at bed time, flat this morning, then up, then down, etc. This is today’s intra-day chart for the Dow – a snooze fest compared to March volatility, of course, but rather substantial up/down movements as far as normal market days go, closing near low levels of the day.
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. |
| 0:12.6 | Well, hello and welcome to today's COVID and markets missive, brought to you by the Dividing Cafe of the Bonson Group. |
| 0:18.9 | It's Wednesday, June the 10th. |
| 0:20.8 | And we had a really roller coaster kind of day in the market. I almost feel guilty saying that |
| 0:25.3 | because if I will forever make things relative to the month of March, then nothing's going to feel |
| 0:30.9 | roller coasterish. But certainly by normal market standards, I put a chart up in COVID and Markets.com today showing the kind of up and down |
| 0:40.7 | intraday movement. And it was a roller coaster day by normal standards, just not by March standards. |
| 0:47.5 | But the futures were up last night when I went to bed. They were flat when I got up this morning |
| 0:52.4 | at about 3 o'clock in the morning. And then before 6.30 a.m., |
| 0:56.0 | when markets opened, they had gone kind of up and down a bit. And they did that throughout the day. |
| 1:00.4 | We went straight down in the markets and then kind of came up and sort of held a low level, flat level for quite a while. |
| 1:09.5 | Then when Chairman Powell came to address the Federal |
| 1:12.4 | Open Market Committee kind of post-meeting summary, do his monthly press conference, the markets |
| 1:19.6 | dropped a couple hundred points, then went up a couple hundred points, and then bounced all |
| 1:23.8 | around for the next two hours and finally closed pretty near lows of the day, but not without a |
| 1:29.3 | really interesting roller coaster for two full hours. Now, I don't think there's anything relevant to |
| 1:35.5 | that up and down volatility other than just that the people sitting there trying to trade around a Fed |
| 1:39.6 | press conference are not the brightest folks in the world. And so this is not something easily tradable and you get a lot of uncertainty and a lot of |
| 1:48.5 | stupidity and markets bounce around and so forth. |
| 1:53.1 | But let's unpack some of the Fed stuff in a moment for the health data. |
| 1:59.7 | Just quickly, case growth yesterday was less than 1%. |
| 2:03.7 | And absolute case growth was 18,400, which was down 21% from the same day a week ago. |
... |
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.