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The Dividend Cafe

Monday - June 1, 2026

The Dividend Cafe

The Dividend Cafe - The Bahnsen Group

Business, Retirement Planning, Dividend Growth Investing, Estate Planning, Monetary Policy, Wealth Management, Macro Economics, Investing

4.9569 Ratings

🗓️ 1 June 2026

⏱️ 13 minutes

🧾️ Download transcript

Summary

Today's Post - https://bahnsen.co/3RD5fcA

This Monday Dividend Cafe reviews a mostly routine market update: after May’s strong gains (S&P 500 up over 5% in May and 10.7% YTD), stocks opened lower but finished higher with tech leading and utilities selling off; the 10-year yield ended flat at 4.46%. The episode highlights record household equity allocation, elevated valuations across large and small caps (Russell 2000 up 70% from its 2025 low), and a Goldman index showing concentration/valuation/rally conditions similar to 2021 and 2000. It notes inflation-adjusted IPO fundraising plans from SpaceX, OpenAI, and Anthropic exceeding 300 combined internet IPOs from 1999–2000. Iran’s renewed Strait of Hormuz blockade threats lifted oil ~6%, Florida filed a lawsuit against OpenAI, manufacturing ISM rose to 54, rent growth slowed, and futures imply 50% odds of a rate hike with no cuts expected. Friday’s episode will feature the host’s graduation commencement address.

00:00 Intro

01:23 Market Recap and Valuations

04:51 IPO Mania and Tech Froth

05:42 Geopolitics and Policy Updates

06:50 Labor and Manufacturing Data

08:30 Housing Inflation and Fed Odds

09:44 Energy Oil and Midstream

10:38 Week Ahead and Friday Twist

11:32 Conclusion

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.

0:14.0

Hello and welcome to the Monday edition of Dividendon Cafe where we go around the horn and all of our normal topics.

0:20.0

And today it is really a pretty normal dividend campaign. where we go around the horn at all of our normal topics.

0:26.6

And today it is really a pretty normal Dividing Cafe Monday edition.

0:28.7

There's a few fun things to talk about,

0:31.6

but we're just going to go short and sweet through all the major bullets,

0:33.8

let you get on with your evening.

0:36.3

I'll quickly say, though, that the Friday Dividendon Cafe, if you missed it, don't, whether you're a podcast video or a reader, go check it out. There is an important

0:44.9

discussion about the reality of an independent Fed, what to expect with monetary policy,

0:52.1

what to expect of the new Federal Reserve regime as it pertains

0:58.2

to independence. I think you'll find it historically and, shall we say, economically interesting,

1:05.3

Dividing Cafe from Friday. There are a couple links that we've put up in today's Dividend

1:10.2

Cafe. If you're interested, my appearance on Maria Bartramo's Wall Street show over the weekend that we recorded from the Reagan Library on Friday, as well as a brief hit I did on Varney Fox Business this morning.

1:23.4

So markets today opened down 150 points.

1:30.3

Keep in mind, it's the first trading day of June. The S&P 500 was up a little over 5% in the month of May.

1:35.3

It is now up 10.7% on the year.

1:39.3

Keep in mind it was almost down 10% at its low level.

1:43.3

So you're talking about a 20% recovery from the low very

1:48.9

quickly and another 5% added on in May from the big rally in April. Today's action, though, the Dow

1:56.3

down 150 to start, Hamden-Hod for the first kind of half of the trading day, then recovered

2:02.6

into the second half of the trading day. You had a Dow up 46 points, which is only nine basis

2:08.3

points, but nevertheless off of its negative territory. You have the S&P up a quarter of percent,

...

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