Jumping Around But Staying Out of Trouble
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 25 September 2020
⏱️ 24 minutes
🔗️ Recording | Apple Podcasts | RSS
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Summary
There are a lot of places to go on the map right now. Markets were not just "up" throughout most of June/July/August, but they were "boring" in the way they did it. Limited volatility. Total transcendence to some of the silliness in how the media covered COVID. And a pretty consistent slow-burn to the upside. September has now invited normalcy back, and by normalcy, yes, I do mean frothy, over-valued tech positions getting re-priced (and that process could be in very early innings from where I sit), but also just plan going up and down - the standard bi-directional definition of volatility.
We have a number of things going on in markets right now that will be discussed in this week's Dividend Cafe, and I suspect the conclusions I draw will be really satisfying for some, and really unsatisfying for others. I am hearing more and more people talk about certain things that seem obvious to them. This is the most bullish thing you could hope for if you are a contrarian (or a half-way decent hedge fund manager).
In this week's Dividend Cafe we will look at ... • What all may be wrong or not wrong with markets • Five facts to focus on through the weeks and months ahead • Cash levels are still very, very high - but what does that mean? • Whether or not 2009 has anything to teach us right now • All the things happening in the economy (must read) • Politics and Money, and now the Supreme Court? • And of course, the Chart of the Week And with that, let's dive into the Dividend Cafe ...
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
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 | Hello, welcome to this week's Dividend Cafe. |
| 0:16.0 | This is David Bonson. |
| 0:17.4 | I am the chief investment officer and managing partner here at the Bonson |
| 0:21.1 | group. And in case you can't tell, I'm back in our Newport Beach studio. And we are pretty |
| 0:27.8 | excited to have some changes going on. I'm going to do a little housekeeping first and then |
| 0:31.6 | get into all the market stuff. Let me get the housekeeping out of the way. |
| 0:36.2 | Hopefully, if you're listening to this podcast, |
| 0:37.6 | you also receive into your feed the COVID and Markets podcast, which we've been doing |
| 0:42.3 | for a while daily, for actually months and months daily, and then most days, you know, |
| 0:48.8 | going back to quarantine and so forth. Our plan right now is to retire the COVID and Markets.com daily entries as of next Tuesday, |
| 0:57.8 | which I believe is the 29th of September. |
| 1:01.9 | That'll be the last one. |
| 1:03.6 | And then on Thursday, October the 1st, to officially launch our new property called the D.C. |
| 1:09.4 | Today. |
| 1:10.8 | And, of course, the D. DC, you could think of it as |
| 1:14.0 | a dividend cafe and you could also think of it as Washington, D.C., but the point being it's a daily |
| 1:18.5 | market recap. And I do intend for it to be a lot more succinct than COVID markets was. There will be |
| 1:24.2 | bullet points each day, covering the Fed, covering housing, still covering COVID |
| 1:29.4 | news as warranted. |
| 1:30.9 | I don't want to obsess over the COVID news anymore. |
| 1:33.1 | That's kind of what's driving a lot of this. |
... |
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